IEAH.L vs. SUKC.L
IEAH.L (iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist)) and SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - IEAH.L tracks the BBG Euro Corporate Index (EUR) while SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, IEAH.L returned 0.93%/yr vs 2.52%/yr for SUKC.L. At a 0.44 correlation, their price movements are largely independent. IEAH.L charges 0.11%/yr vs 0.20%/yr for SUKC.L.
Performance
IEAH.L vs. SUKC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEAH.L achieves a -0.38% return, which is significantly lower than SUKC.L's 1.21% return.
IEAH.L
- 1D
- 0.00%
- 1M
- -0.38%
- 6M
- 0.80%
- YTD
- -0.38%
- 1Y
- 1.40%
- 3Y*
- 5.29%
- 5Y*
- 0.93%
- 10Y*
- —
SUKC.L
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 0.87%
- YTD
- 1.21%
- 1Y
- 4.20%
- 3Y*
- 6.28%
- 5Y*
- 2.52%
- 10Y*
- 2.29%
IEAH.L vs. SUKC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | -0.38% | 5.19% | 5.53% | 8.98% | -12.43% | -0.56% | 2.89% | 7.56% | 0.31% |
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 1.21% | 6.37% | 4.84% | 7.17% | -5.78% | -0.79% | 3.08% | 4.66% | 0.24% |
Correlation
The correlation between IEAH.L and SUKC.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.44 |
The correlation between IEAH.L and SUKC.L has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.
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Return for Risk
IEAH.L vs. SUKC.L — Risk / Return Rank
IEAH.L
SUKC.L
IEAH.L vs. SUKC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.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.
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.
| IEAH.L | SUKC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.02 | -1.57 |
| Martin ratioReturn relative to average drawdown | 1.40 | 4.86 | -3.47 |
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Drawdowns
IEAH.L vs. SUKC.L - Drawdown Comparison
The maximum IEAH.L drawdown since its inception was -16.50%, which is greater than SUKC.L's maximum drawdown of -11.60%. Use the drawdown chart below to compare losses from any high point for IEAH.L and SUKC.L.
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Drawdown Indicators
| IEAH.L | SUKC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -11.60% | -4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.07% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.10% | -2.07% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -11.60% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.60% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.37% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -1.30% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.86% | +0.14% |
Volatility
IEAH.L vs. SUKC.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.L) is 0.74%, while SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) has a volatility of 0.84%. This indicates that IEAH.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.
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Volatility by Period
| IEAH.L | SUKC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.84% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.25% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 5.89% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 4.55% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 4.53% | +0.49% |
IEAH.L vs. SUKC.L - Expense Ratio Comparison
IEAH.L has a 0.11% expense ratio, which is lower than SUKC.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
IEAH.L vs. SUKC.L - Dividend Comparison
IEAH.L's dividend yield for the trailing twelve months is around 1.60%, less than SUKC.L's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | 1.60% | 3.23% | 3.27% | 2.42% | 0.77% | 0.75% | 0.78% | 1.04% | 0.31% | 0.00% | 0.00% | 0.00% |
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.67% | 4.61% | 4.41% | 3.05% | 1.76% | 1.77% | 1.97% | 1.93% | 1.88% | 2.43% | 2.40% | 2.55% |
Frequently Asked Questions
IEAH.L and SUKC.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAH.L is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAH.L is cheaper with a 0.11% expense ratio, compared with 0.20% for SUKC.L.
IEAH.L tracks BBG Euro Corporate Index (EUR), while SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.11% for IEAH.L and 0.20% for SUKC.L.
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