GBP5.L vs. SUSS.L

Last updated Jun 5, 2026

GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) and SUSS.L (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while SUSS.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, GBP5.L returned 2.30%/yr vs 1.74%/yr for SUSS.L. At a 0.10 correlation, their price movements are largely independent. GBP5.L charges 0.09%/yr vs 0.12%/yr for SUSS.L.

Performance

GBP5.L vs. SUSS.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 0-3yr ESG UCITS ETF EUR (Dist) (SUSS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBP5.L achieves a 0.88% return, which is significantly higher than SUSS.L's -0.34% return.

GBP5.L

• 1D: 0.07%
• 1M: 0.59%
• YTD: 0.88%
• 6M: 1.27%
• 1Y: 4.67%
• 3Y*: 6.06%
• 5Y*: 2.30%
• 10Y*: —

SUSS.L

• 1D: 0.20%
• 1M: 0.30%
• YTD: -0.34%
• 6M: -0.17%
• 1Y: 4.78%
• 3Y*: 3.86%
• 5Y*: 1.74%
• 10Y*: 1.87%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF	0.88%	6.37%	4.55%	6.90%	-6.01%	-0.54%
SUSS.L iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist)	-0.34%	8.41%	-0.49%	2.14%	1.81%	-3.91%

Correlation

The correlation between GBP5.L and SUSS.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021	0.10

Return for Risk

GBP5.L vs. SUSS.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: 45
GBP5.L Sharpe Ratio Rank: 38
GBP5.L Sortino Ratio Rank: 37
GBP5.L Omega Ratio Rank: 44
GBP5.L Calmar Ratio Rank: 53
GBP5.L Martin Ratio Rank: 54

SUSS.L

SUSS.L Risk / Return Rank: 34
SUSS.L Sharpe Ratio Rank: 33
SUSS.L Sortino Ratio Rank: 35
SUSS.L Omega Ratio Rank: 31
SUSS.L Calmar Ratio Rank: 40
SUSS.L Martin Ratio Rank: 31

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. SUSS.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 0-3yr ESG UCITS ETF EUR (Dist) (SUSS.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	SUSS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.15	+0.17
Sortino ratio: Return per unit of downside risk	1.90	1.79	+0.10
Omega ratio: Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio: Return relative to maximum drawdown	2.57	1.94	+0.63
Martin ratio: Return relative to average drawdown	9.07	4.52	+4.56
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. SUSS.L - Sharpe Ratio Comparison

The current GBP5.L Sharpe Ratio is 1.32, which is comparable to the SUSS.L Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of GBP5.L and SUSS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GBP5.L	SUSS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.15	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.32	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.32	+0.32

Drawdowns

GBP5.L vs. SUSS.L - Drawdown Comparison

The maximum GBP5.L drawdown since its inception was -11.97%, roughly equal to the maximum SUSS.L drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for GBP5.L and SUSS.L.

Drawdown Indicators

	GBP5.L	SUSS.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-12.27%	+0.30%
Max Drawdown (1Y) Largest decline over 1 year	-1.82%	-2.43%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-1.82%	-2.74%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	-11.97%	-5.87%	-6.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-12.27%	—
Current Drawdown Current decline from peak	-0.51%	-1.37%	+0.86%
Average Drawdown Average peak-to-trough decline	-2.22%	-5.61%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	1.04%	-0.52%

Volatility

GBP5.L vs. SUSS.L - Volatility Comparison

L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) has a higher volatility of 1.86% compared to iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) (SUSS.L) at 1.27%. This indicates that GBP5.L's price experiences larger fluctuations and is considered to be riskier than SUSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBP5.L	SUSS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	1.27%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	3.08%	2.76%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	4.11%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.54%	5.42%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	7.05%	-3.57%

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

GBP5.L has a 0.09% expense ratio, which is lower than SUSS.L's 0.12% 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

GBP5.L vs. SUSS.L - Dividend Comparison

GBP5.L's dividend yield for the trailing twelve months is around 4.58%, more than SUSS.L's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF	4.58%	4.40%	3.78%	2.56%	1.05%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%
SUSS.L iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist)	2.94%	2.99%	3.00%	1.95%	0.31%	0.13%	0.23%	0.28%	0.13%	0.12%	0.17%

Frequently Asked Questions

Can I hold both GBP5.L and SUSS.L in my portfolio?

GBP5.L and SUSS.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBP5.L or SUSS.L?

On fees, GBP5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBP5.L or SUSS.L?

GBP5.L is cheaper with a 0.09% expense ratio, compared with 0.12% for SUSS.L.

What is the main difference between GBP5.L and SUSS.L?

GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while SUSS.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.09% for GBP5.L and 0.12% for SUSS.L.