GBP5.L vs. SUOE.L

Last updated Apr 3, 2026

Compare and contrast key facts about L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) and iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L).

GBP5.L and SUOE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBP5.L is a passively managed fund by Legal & General that tracks the performance of the Markit iBoxx GBP NonGilts 1-5 TR. It was launched on Dec 3, 2020. SUOE.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Corp TR EUR. It was launched on Jun 27, 2018. Both GBP5.L and SUOE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GBP5.L vs. SUOE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) and iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L). The values are adjusted to include any dividend payments, if applicable.

GBP5.L vs. SUOE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF	-0.39%	6.37%	4.55%	6.90%	-6.01%	-0.54%
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist)	-0.52%	8.47%	-0.11%	4.76%	-8.46%	-4.55%

Different Trading Currencies

GBP5.L is traded in GBp, while SUOE.L is traded in EUR. To make them comparable, the SUOE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, GBP5.L achieves a -0.39% return, which is significantly higher than SUOE.L's -0.52% return.

GBP5.L

• 1D: 0.09%
• 1M: -0.15%
• YTD: -0.39%
• 6M: 1.11%
• 1Y: 4.75%
• 3Y*: 5.25%
• 5Y*: 2.11%
• 10Y*: —

SUOE.L

• 1D: 0.27%
• 1M: -0.54%
• YTD: -0.52%
• 6M: -0.50%
• 1Y: 6.83%
• 3Y*: 3.90%
• 5Y*: 0.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GBP5.L vs. SUOE.L - Expense Ratio Comparison

GBP5.L has a 0.09% 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%.

SUOE.L

iShares EUR Corporate Bond ESG UCITS ETF (Dist)

GBP5.L

L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF

Return for Risk

GBP5.L vs. SUOE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GBP5.L

GBP5.L Risk / Return Rank: 78
GBP5.L Sharpe Ratio Rank: 78
GBP5.L Sortino Ratio Rank: 81
GBP5.L Omega Ratio Rank: 77
GBP5.L Calmar Ratio Rank: 75
GBP5.L Martin Ratio Rank: 80

SUOE.L

SUOE.L Risk / Return Rank: 31
SUOE.L Sharpe Ratio Rank: 37
SUOE.L Sortino Ratio Rank: 34
SUOE.L Omega Ratio Rank: 30
SUOE.L Calmar Ratio Rank: 25
SUOE.L Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GBP5.L vs. SUOE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.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.

	GBP5.L	SUOE.L	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.22	+0.31
Sortino ratio Return per unit of downside risk	2.19	1.85	+0.34
Omega ratio Gain probability vs. loss probability	1.31	1.23	+0.08
Calmar ratio Return relative to maximum drawdown	2.48	1.52	+0.96
Martin ratio Return relative to average drawdown	10.45	4.29	+6.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBP5.L vs. SUOE.L - Sharpe Ratio Comparison

The current GBP5.L Sharpe Ratio is 1.52, which is comparable to the SUOE.L Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of GBP5.L and SUOE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GBP5.L	SUOE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.22	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.04	+0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.09	+0.51

Correlation

The correlation between GBP5.L and SUOE.L is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GBP5.L vs. SUOE.L - Dividend Comparison

GBP5.L's dividend yield for the trailing twelve months is around 4.64%, more than SUOE.L's 3.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF	4.64%	4.40%	3.78%	2.56%	1.05%	0.32%	0.00%	0.00%	0.00%
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist)	3.25%	3.23%	3.18%	2.53%	0.83%	0.47%	0.57%	0.77%	0.30%

Drawdowns

GBP5.L vs. SUOE.L - Drawdown Comparison

The maximum GBP5.L drawdown since its inception was -11.97%, smaller than the maximum SUOE.L drawdown of -21.25%. Use the drawdown chart below to compare losses from any high point for GBP5.L and SUOE.L.

Drawdown Indicators

	GBP5.L	SUOE.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-17.06%	+5.09%
Max Drawdown (1Y) Largest decline over 1 year	-1.82%	-2.72%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-11.97%	-17.06%	+5.09%
Current Drawdown Current decline from peak	-1.15%	-2.23%	+1.08%
Average Drawdown Average peak-to-trough decline	-2.27%	-5.43%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	0.62%	-0.19%

Volatility

GBP5.L vs. SUOE.L - Volatility Comparison

The current volatility for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) is 1.27%, while iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) has a volatility of 1.80%. This indicates that GBP5.L experiences smaller price fluctuations and is considered to be less risky than SUOE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBP5.L	SUOE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.80%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	2.35%	3.54%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.13%	5.58%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.42%	6.42%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.40%	7.57%	-4.17%