IEAC.L vs. SUOE.L
IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) and SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) are both European Corporate Bonds funds from iShares - IEAC.L tracks the BBG Euro Corporate Index (EUR) while SUOE.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, IEAC.L returned -0.44%/yr vs -0.16%/yr for SUOE.L. A 0.79 correlation means they provide meaningful diversification when combined. IEAC.L charges 0.09%/yr vs 0.15%/yr for SUOE.L.
Performance
IEAC.L vs. SUOE.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 SUOE.L's 0.33% 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%
SUOE.L
- 1D
- -0.21%
- 1M
- -0.64%
- 6M
- -0.09%
- YTD
- 0.33%
- 1Y
- 1.12%
- 3Y*
- 4.18%
- 5Y*
- -0.16%
- 10Y*
- —
IEAC.L vs. SUOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -0.67% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 0.33% | 3.04% | 4.13% | 7.20% | -13.07% | -1.23% | 2.51% | 6.06% | -0.50% |
Correlation
The correlation between IEAC.L and SUOE.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.79 |
The correlation between IEAC.L and SUOE.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
IEAC.L vs. SUOE.L — Risk / Return Rank
IEAC.L
SUOE.L
IEAC.L vs. SUOE.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 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.
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 | SUOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.41 | -0.43 |
| Martin ratioReturn relative to average drawdown | -0.17 | 1.36 | -1.53 |
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Drawdowns
IEAC.L vs. SUOE.L - Drawdown Comparison
The maximum IEAC.L drawdown since its inception was -24.28%, which is greater than SUOE.L's maximum drawdown of -17.08%. Use the drawdown chart below to compare losses from any high point for IEAC.L and SUOE.L.
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Drawdown Indicators
| IEAC.L | SUOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.28% | -17.08% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -2.71% | -20.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -2.71% | -20.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -17.08% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -24.28% | — | — |
Current DrawdownCurrent decline from peak | -2.79% | -1.35% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -4.69% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.82% | +1.20% |
Volatility
IEAC.L vs. SUOE.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) is 0.86%, while iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) has a volatility of 0.99%. This indicates that IEAC.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.
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Volatility by Period
| IEAC.L | SUOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.99% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 2.97% | +33.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.42% | 3.46% | +32.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 5.00% | +11.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.32% | 5.63% | +6.69% |
IEAC.L vs. SUOE.L - Expense Ratio Comparison
IEAC.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%.
Dividends
IEAC.L vs. SUOE.L - Dividend Comparison
IEAC.L's dividend yield for the trailing twelve months is around 1.65%, less than SUOE.L's 3.28% 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% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 3.28% | 3.23% | 3.19% | 2.52% | 0.82% | 0.47% | 0.57% | 0.77% | 0.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEAC.L and SUOE.L have a correlation of 0.77, 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 0.15% for SUOE.L.
IEAC.L tracks BBG Euro Corporate Index (EUR), while SUOE.L tracks Bloomberg Euro Corp TR EUR. Their fees differ too: 0.09% for IEAC.L and 0.15% for SUOE.L.
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