IEAC.L vs. SUOG.L
IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) and SUOG.L (iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)) are both European Corporate Bonds funds from iShares - IEAC.L tracks the BBG Euro Corporate Index (EUR) while SUOG.L tracks the Bloomberg MSCI Euro Corporate ESG SRI Index. Both are passively managed. Over the past 5 years, IEAC.L returned -0.44%/yr vs 1.45%/yr for SUOG.L. A 0.53 correlation means they provide meaningful diversification when combined. IEAC.L charges 0.09%/yr vs 0.16%/yr for SUOG.L.
Performance
IEAC.L vs. SUOG.L - Performance Comparison
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Different Trading Currencies
IEAC.L is traded in EUR, while SUOG.L is traded in GBP. To make them comparable, the SUOG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAC.L achieves a -1.30% return, which is significantly lower than SUOG.L's 4.04% 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%
SUOG.L
- 1D
- -0.18%
- 1M
- 1.34%
- 6M
- 2.92%
- YTD
- 4.04%
- 1Y
- 4.92%
- 3Y*
- 6.30%
- 5Y*
- 1.45%
- 10Y*
- —
IEAC.L vs. SUOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | -1.30% | 3.22% | 4.32% | 7.42% | -13.36% | -1.07% | 2.60% | -0.67% |
SUOG.L iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 4.04% | -0.29% | 10.49% | 11.21% | -16.84% | 5.93% | -2.80% | 8.46% |
Correlation
The correlation between IEAC.L and SUOG.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.53 |
The correlation between IEAC.L and SUOG.L has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.
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Return for Risk
IEAC.L vs. SUOG.L — Risk / Return Rank
IEAC.L
SUOG.L
IEAC.L vs. SUOG.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 SRI UCITS ETF GBP Hedged (Dist) (SUOG.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 | SUOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.80 | -1.82 |
| Martin ratioReturn relative to average drawdown | -0.17 | 5.10 | -5.27 |
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Drawdowns
IEAC.L vs. SUOG.L - Drawdown Comparison
The maximum IEAC.L drawdown since its inception was -24.28%, roughly equal to the maximum SUOG.L drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for IEAC.L and SUOG.L.
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Drawdown Indicators
| IEAC.L | SUOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.28% | -24.02% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -2.72% | -20.70% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -6.01% | -17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -19.99% | -4.29% |
Max Drawdown (10Y)Largest decline over 10 years | -24.28% | — | — |
Current DrawdownCurrent decline from peak | -2.79% | -0.47% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -5.92% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.96% | +1.06% |
Volatility
IEAC.L vs. SUOG.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 SRI UCITS ETF GBP Hedged (Dist) (SUOG.L) has a volatility of 1.29%. This indicates that IEAC.L experiences smaller price fluctuations and is considered to be less risky than SUOG.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 | SUOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.29% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 3.82% | +32.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.42% | 5.39% | +31.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 7.83% | +9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.32% | 9.30% | +3.02% |
IEAC.L vs. SUOG.L - Expense Ratio Comparison
IEAC.L has a 0.09% expense ratio, which is lower than SUOG.L's 0.16% 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. SUOG.L - Dividend Comparison
IEAC.L's dividend yield for the trailing twelve months is around 1.65%, less than SUOG.L's 3.22% 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% |
SUOG.L iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 3.22% | 3.19% | 3.12% | 2.48% | 0.81% | 0.44% | 0.55% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEAC.L and SUOG.L have a correlation of 0.51, 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 0.16% for SUOG.L.
IEAC.L tracks BBG Euro Corporate Index (EUR), while SUOG.L tracks Bloomberg MSCI Euro Corporate ESG SRI Index. Their fees differ too: 0.09% for IEAC.L and 0.16% for SUOG.L.
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