FLRG.L vs. SUOG.L
FLRG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) and SUOG.L (iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - FLRG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate EUR Green Bond Index, while SUOG.L is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Corporate ESG SRI Index. Both are passively managed. Over the past 5 years, FLRG.L returned -2.18%/yr vs 1.45%/yr for SUOG.L. At a 0.46 correlation, their price movements are largely independent. FLRG.L charges 0.25%/yr vs 0.16%/yr for SUOG.L.
Performance
FLRG.L vs. SUOG.L - Performance Comparison
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Different Trading Currencies
FLRG.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, FLRG.L achieves a 0.63% return, which is significantly lower than SUOG.L's 4.04% return.
FLRG.L
- 1D
- -0.04%
- 1M
- -0.62%
- 6M
- 0.17%
- YTD
- 0.63%
- 1Y
- 1.22%
- 3Y*
- 3.27%
- 5Y*
- -2.18%
- 10Y*
- —
SUOG.L
- 1D
- -0.18%
- 1M
- 1.34%
- 6M
- 2.92%
- YTD
- 4.04%
- 1Y
- 4.92%
- 3Y*
- 6.30%
- 5Y*
- 1.45%
- 10Y*
- —
FLRG.L vs. SUOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.63% | 0.59% | 2.78% | 7.71% | -18.99% | -3.01% | 5.46% | -0.81% |
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 FLRG.L and SUOG.L is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.46 |
The correlation between FLRG.L and SUOG.L shifts across timeframes, from 0.46 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLRG.L vs. SUOG.L — Risk / Return Rank
FLRG.L
SUOG.L
FLRG.L vs. SUOG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.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.
| FLRG.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 | 0.58 | 1.80 | -1.23 |
| Martin ratioReturn relative to average drawdown | 1.62 | 5.10 | -3.48 |
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Drawdowns
FLRG.L vs. SUOG.L - Drawdown Comparison
The maximum FLRG.L drawdown since its inception was -23.17%, roughly equal to the maximum SUOG.L drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for FLRG.L and SUOG.L.
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Drawdown Indicators
| FLRG.L | SUOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.17% | -24.02% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -2.72% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.41% | -6.01% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -19.99% | -2.64% |
Current DrawdownCurrent decline from peak | -12.19% | -0.47% | -11.72% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -5.92% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.96% | -0.07% |
Volatility
FLRG.L vs. SUOG.L - Volatility Comparison
The current volatility for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) is 1.02%, while iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOG.L) has a volatility of 1.29%. This indicates that FLRG.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.
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Volatility by Period
| FLRG.L | SUOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.29% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 3.82% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 5.39% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 7.83% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 9.30% | -4.31% |
FLRG.L vs. SUOG.L - Expense Ratio Comparison
FLRG.L has a 0.25% expense ratio, which is higher than SUOG.L's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLRG.L vs. SUOG.L - Dividend Comparison
FLRG.L has not paid dividends to shareholders, while SUOG.L's dividend yield for the trailing twelve months is around 3.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
FLRG.L and SUOG.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUOG.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUOG.L is cheaper with a 0.16% expense ratio, compared with 0.25% for FLRG.L.
FLRG.L is categorized as Global Bonds, while SUOG.L is European Corporate Bonds. FLRG.L tracks Bloomberg Global Aggregate EUR Green Bond Index, while SUOG.L tracks Bloomberg MSCI Euro Corporate ESG SRI Index. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.25% for FLRG.L and 0.16% for SUOG.L.
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