EUCO.L vs. SUOG.L
EUCO.L (SPDR Bloomberg Euro Corporate Bond UCITS ETF) and SUOG.L (iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)) are both European Corporate Bonds funds - EUCO.L tracks the Bloomberg Euro Corp TR EUR while SUOG.L tracks the Bloomberg MSCI Euro Corporate ESG SRI Index. Both are passively managed. Over the past 5 years, EUCO.L returned -0.18%/yr vs 1.45%/yr for SUOG.L. A 0.53 correlation means they provide meaningful diversification when combined. EUCO.L charges 0.12%/yr vs 0.16%/yr for SUOG.L.
Performance
EUCO.L vs. SUOG.L - Performance Comparison
Loading charts...
Different Trading Currencies
EUCO.L is traded in EUR, while SUOG.L is traded in GBP. To make them comparable, the SUOG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUCO.L achieves a 0.44% return, which is significantly lower than SUOG.L's 4.04% return.
EUCO.L
- 1D
- -0.04%
- 1M
- -0.47%
- 6M
- 0.16%
- YTD
- 0.44%
- 1Y
- 1.25%
- 3Y*
- 4.23%
- 5Y*
- -0.18%
- 10Y*
- 0.76%
SUOG.L
- 1D
- -0.18%
- 1M
- 1.34%
- 6M
- 2.92%
- YTD
- 4.04%
- 1Y
- 4.92%
- 3Y*
- 6.30%
- 5Y*
- 1.45%
- 10Y*
- —
EUCO.L vs. SUOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 0.44% | 2.90% | 4.47% | 7.64% | -13.68% | -1.22% | 2.64% | -0.64% |
SUOG.L iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 4.04% | -0.29% | 10.49% | 11.21% | -16.84% | 5.93% | -2.80% | 8.46% |
Correlation
The correlation between EUCO.L and SUOG.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.53 |
The correlation between EUCO.L and SUOG.L has been stable across timeframes, ranging from 0.52 to 0.59 - 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. SUOG.L — Risk / Return Rank
EUCO.L
SUOG.L
EUCO.L vs. SUOG.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 SRI UCITS ETF GBP Hedged (Dist) (SUOG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUCO.L | SUOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.80 | -1.34 |
| Martin ratioReturn relative to average drawdown | 1.56 | 5.10 | -3.54 |
Loading charts...
Drawdowns
EUCO.L vs. SUOG.L - Drawdown Comparison
The maximum EUCO.L drawdown since its inception was -17.53%, smaller than the maximum SUOG.L drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for EUCO.L and SUOG.L.
Loading charts...
Drawdown Indicators
| EUCO.L | SUOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.53% | -24.02% | +6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.72% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -6.01% | +3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -19.99% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -17.53% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -0.47% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -5.92% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.96% | -0.16% |
Volatility
EUCO.L vs. SUOG.L - Volatility Comparison
The current volatility for SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) is 0.82%, while iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOG.L) has a volatility of 1.29%. This indicates that EUCO.L experiences smaller price fluctuations and is considered to be less risky than SUOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUCO.L | SUOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.29% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 3.82% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 5.39% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 7.83% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 9.30% | -4.85% |
EUCO.L vs. SUOG.L - Expense Ratio Comparison
EUCO.L has a 0.12% expense ratio, which is lower than SUOG.L's 0.16% 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. SUOG.L - Dividend Comparison
EUCO.L's dividend yield for the trailing twelve months is around 3.26%, more than SUOG.L's 3.22% 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% | 0.92% | 0.89% | 1.21% | 1.36% | 1.71% |
SUOG.L iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 3.22% | 3.19% | 3.12% | 2.48% | 0.81% | 0.44% | 0.55% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUCO.L and SUOG.L have a correlation of 0.52, 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 0.16% for SUOG.L.
EUCO.L tracks Bloomberg Euro Corp TR EUR, while SUOG.L tracks Bloomberg MSCI Euro Corporate ESG SRI Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for EUCO.L and 0.16% for SUOG.L.
Find the right allocation for EUCO.L and SUOG.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