IEAC.L vs. SEUC.L
IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) and SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - IEAC.L tracks the BBG Euro Corporate Index (EUR) while SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, IEAC.L returned 0.64%/yr vs 0.85%/yr for SEUC.L. A 0.58 correlation means they provide meaningful diversification when combined. IEAC.L charges 0.09%/yr vs 0.20%/yr for SEUC.L.
Performance
IEAC.L vs. SEUC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEAC.L achieves a -1.30% return, which is significantly lower than SEUC.L's 0.63% return. Over the past 10 years, IEAC.L has underperformed SEUC.L with an annualized return of 0.64%, while SEUC.L has yielded a comparatively higher 0.85% annualized return.
IEAC.L
- 1D
- 0.03%
- 1M
- -0.43%
- 6M
- 0.07%
- YTD
- -1.30%
- 1Y
- -0.34%
- 3Y*
- 3.69%
- 5Y*
- -0.44%
- 10Y*
- 0.64%
SEUC.L
- 1D
- -0.03%
- 1M
- -0.07%
- 6M
- 0.50%
- YTD
- 0.63%
- 1Y
- 1.53%
- 3Y*
- 3.58%
- 5Y*
- 1.60%
- 10Y*
- 0.85%
IEAC.L vs. SEUC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | -1.30% | 3.22% | 4.32% | 7.42% | -13.36% | -1.07% | 2.60% | 6.20% | -1.47% | 2.20% |
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.63% | 3.03% | 4.21% | 4.17% | -3.54% | -0.27% | 0.20% | 0.80% | -0.55% | 0.08% |
Correlation
The correlation between IEAC.L and SEUC.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2013 | 0.58 |
The correlation between IEAC.L and SEUC.L shifts across timeframes, from 0.58 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEAC.L vs. SEUC.L — Risk / Return Rank
IEAC.L
SEUC.L
IEAC.L vs. SEUC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.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.
| IEAC.L | SEUC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.83 | -1.84 |
| Martin ratioReturn relative to average drawdown | -0.17 | 7.11 | -7.27 |
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Drawdowns
IEAC.L vs. SEUC.L - Drawdown Comparison
The maximum IEAC.L drawdown since its inception was -24.28%, which is greater than SEUC.L's maximum drawdown of -7.84%. Use the drawdown chart below to compare losses from any high point for IEAC.L and SEUC.L.
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Drawdown Indicators
| IEAC.L | SEUC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.28% | -7.84% | -16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -0.83% | -22.59% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -0.83% | -22.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -4.88% | -19.40% |
Max Drawdown (10Y)Largest decline over 10 years | -24.28% | -7.84% | -16.44% |
Current DrawdownCurrent decline from peak | -2.79% | -0.30% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -0.64% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.21% | +1.81% |
Volatility
IEAC.L vs. SEUC.L - Volatility Comparison
iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) has a higher volatility of 0.86% compared to SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) at 0.25%. This indicates that IEAC.L's price experiences larger fluctuations and is considered to be riskier than SEUC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAC.L | SEUC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.25% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 0.96% | +35.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.42% | 1.07% | +35.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 1.39% | +15.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.32% | 2.16% | +10.16% |
IEAC.L vs. SEUC.L - Expense Ratio Comparison
IEAC.L has a 0.09% expense ratio, which is lower than SEUC.L's 0.20% 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
IEAC.L vs. SEUC.L - Dividend Comparison
IEAC.L's dividend yield for the trailing twelve months is around 1.65%, less than SEUC.L's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.23% | 0.17% | 0.11% | 0.28% | 0.50% | 0.72% |
Frequently Asked Questions
IEAC.L and SEUC.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SEUC.L.
IEAC.L tracks BBG Euro Corporate Index (EUR), while SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for IEAC.L and 0.20% for SEUC.L.
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