IBCX.L vs. SUKC.L
IBCX.L (iShares Euro Corporate Bond Large Cap UCITS ETF) and SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - IBCX.L tracks the Bloomberg Euro Corp TR EUR while SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 10 years, IBCX.L returned 0.73%/yr vs 0.88%/yr for SUKC.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IBCX.L vs. SUKC.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBCX.L is traded in EUR, while SUKC.L is traded in GBP. To make them comparable, the SUKC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCX.L achieves a 0.49% return, which is significantly higher than SUKC.L's -0.59% return. Over the past 10 years, IBCX.L has underperformed SUKC.L with an annualized return of 0.73%, while SUKC.L has yielded a comparatively higher 0.88% annualized return.
IBCX.L
- 1D
- 0.06%
- 1M
- 0.76%
- YTD
- 0.49%
- 6M
- 0.44%
- 1Y
- 1.83%
- 3Y*
- 4.28%
- 5Y*
- -0.26%
- 10Y*
- 0.73%
SUKC.L
- 1D
- 0.12%
- 1M
- 0.91%
- YTD
- -0.59%
- 6M
- -0.59%
- 1Y
- -2.85%
- 3Y*
- 4.41%
- 5Y*
- 1.36%
- 10Y*
- 0.88%
IBCX.L vs. SUKC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCX.L iShares Euro Corporate Bond Large Cap UCITS ETF | 0.49% | 3.14% | 3.48% | 7.33% | -13.95% | -1.48% | 2.83% | 6.04% | -1.28% | 1.60% |
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | -0.59% | -1.52% | 9.87% | 9.44% | -10.63% | 5.66% | -2.52% | 11.31% | -1.66% | -2.06% |
Correlation
The correlation between IBCX.L and SUKC.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2014 | 0.23 |
The correlation between IBCX.L and SUKC.L shifts across timeframes, from 0.23 (all time) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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
IBCX.L vs. SUKC.L — Risk / Return Rank
IBCX.L
SUKC.L
IBCX.L vs. SUKC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) and SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.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.
| IBCX.L | SUKC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.95 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | -0.55 | +1.21 |
| Martin ratioReturn relative to average drawdown | 2.36 | -0.88 | +3.24 |
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
| IBCX.L | SUKC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | -0.35 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.18 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.10 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.19 | +0.10 |
Drawdowns
IBCX.L vs. SUKC.L - Drawdown Comparison
The maximum IBCX.L drawdown since its inception was -23.17%, smaller than the maximum SUKC.L drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for IBCX.L and SUKC.L.
Loading charts...
Drawdown Indicators
| IBCX.L | SUKC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.17% | -26.12% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -5.18% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -2.73% | -6.14% | +3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -16.49% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -17.79% | -21.11% | +3.32% |
Current DrawdownCurrent decline from peak | -2.76% | -3.84% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -9.09% | +6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 3.24% | -2.47% |
Volatility
IBCX.L vs. SUKC.L - Volatility Comparison
The current volatility for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) is 1.08%, while SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) has a volatility of 1.74%. This indicates that IBCX.L experiences smaller price fluctuations and is considered to be less risky than SUKC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCX.L | SUKC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.74% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 5.21% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 8.12% | -5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 7.44% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 8.77% | -3.98% |
IBCX.L vs. SUKC.L - Expense Ratio Comparison
Both IBCX.L and SUKC.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCX.L vs. SUKC.L - Dividend Comparison
IBCX.L's dividend yield for the trailing twelve months is around 3.07%, while SUKC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCX.L iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 3.02% | 2.74% | 2.31% | 1.05% | 0.73% | 0.84% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 0.00% | 2.29% | 4.41% | 3.05% | 1.76% | 1.77% | 1.97% | 1.93% | 1.88% | 2.44% | 2.40% | 2.55% |
Frequently Asked Questions
IBCX.L and SUKC.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCX.L and SUKC.L have the same expense ratio: 0.20% per year.
IBCX.L tracks Bloomberg Euro Corp TR EUR, while SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: iShares and State Street.
Find the right allocation for IBCX.L and SUKC.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