EUCO.L vs. SUOE.L
EUCO.L (SPDR Bloomberg Euro Corporate Bond UCITS ETF) and SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, EUCO.L returned 0.01%/yr vs 0.03%/yr for SUOE.L. Their correlation of 0.82 suggests significant overlap in exposure. EUCO.L charges 0.12%/yr vs 0.15%/yr for SUOE.L.
Performance
EUCO.L vs. SUOE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUCO.L achieves a 0.53% return, which is significantly lower than SUOE.L's 0.57% return.
EUCO.L
- 1D
- 0.09%
- 1M
- 0.70%
- YTD
- 0.53%
- 6M
- 0.41%
- 1Y
- 1.90%
- 3Y*
- 4.56%
- 5Y*
- 0.01%
- 10Y*
- 1.02%
SUOE.L
- 1D
- 0.15%
- 1M
- 0.75%
- YTD
- 0.57%
- 6M
- 0.37%
- 1Y
- 1.88%
- 3Y*
- 4.51%
- 5Y*
- 0.03%
- 10Y*
- —
EUCO.L vs. SUOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 0.53% | 2.91% | 4.46% | 7.64% | -13.67% | -1.21% | 2.64% | 6.74% | -0.57% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 0.57% | 2.96% | 4.25% | 7.30% | -13.15% | -1.22% | 2.57% | 6.04% | -0.59% |
Correlation
The correlation between EUCO.L and SUOE.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.82 |
The correlation between EUCO.L and SUOE.L has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUCO.L vs. SUOE.L — Risk / Return Rank
EUCO.L
SUOE.L
EUCO.L vs. SUOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) and iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EUCO.L | SUOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.69 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.45 | 2.44 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUCO.L | SUOE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.61 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.01 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.17 | +0.11 |
Drawdowns
EUCO.L vs. SUOE.L - Drawdown Comparison
The maximum EUCO.L drawdown since its inception was -17.53%, roughly equal to the maximum SUOE.L drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for EUCO.L and SUOE.L.
Loading charts...
Drawdown Indicators
| EUCO.L | SUOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.53% | -17.06% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.72% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -2.72% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -17.06% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -17.53% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -1.09% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -4.76% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.77% | 0.00% |
Volatility
EUCO.L vs. SUOE.L - Volatility Comparison
SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) and iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) have volatilities of 1.18% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUCO.L | SUOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.24% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.71% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 3.10% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 4.80% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 5.49% | -1.04% |
EUCO.L vs. SUOE.L - Expense Ratio Comparison
EUCO.L has a 0.12% expense ratio, which is lower than SUOE.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUCO.L vs. SUOE.L - Dividend Comparison
EUCO.L's dividend yield for the trailing twelve months is around 3.26%, which matches SUOE.L's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 3.26% | 3.25% | 3.07% | 2.13% | 0.96% | 0.89% | 0.86% | 1.38% | 0.89% | 1.21% | 1.36% | 1.71% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 3.27% | 3.23% | 3.18% | 2.52% | 0.83% | 0.47% | 0.57% | 0.77% | 0.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUCO.L and SUOE.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUCO.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUCO.L is cheaper with a 0.12% expense ratio, compared with 0.15% for SUOE.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for EUCO.L and 0.15% for SUOE.L.
Find the right allocation for EUCO.L and SUOE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer