IGBE.L vs. SUKC.L
IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) and SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - IGBE.L tracks the Markit iBoxx GBP NonGilts TR while SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, IGBE.L returned -0.35%/yr vs 1.49%/yr for SUKC.L. A 0.59 correlation means they provide meaningful diversification when combined. IGBE.L charges 0.10%/yr vs 0.20%/yr for SUKC.L.
Performance
IGBE.L vs. SUKC.L - Performance Comparison
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Different Trading Currencies
IGBE.L is traded in GBp, while SUKC.L is traded in GBP. To make them comparable, the SUKC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGBE.L achieves a -0.20% return, which is significantly higher than SUKC.L's -1.46% return.
IGBE.L
- 1D
- 0.05%
- 1M
- 0.91%
- YTD
- -0.20%
- 6M
- 0.41%
- 1Y
- 4.75%
- 3Y*
- 6.33%
- 5Y*
- -0.35%
- 10Y*
- —
SUKC.L
- 1D
- 0.21%
- 1M
- 1.11%
- YTD
- -1.46%
- 6M
- -1.58%
- 1Y
- -0.24%
- 3Y*
- 4.56%
- 5Y*
- 1.49%
- 10Y*
- 1.84%
IGBE.L vs. SUKC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | -0.20% | 7.23% | 2.45% | 9.16% | -18.23% | -3.62% | 6.31% |
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | -1.46% | 3.90% | 4.82% | 7.17% | -5.78% | -0.79% | 2.72% |
Correlation
The correlation between IGBE.L and SUKC.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.59 |
The correlation between IGBE.L and SUKC.L shifts across timeframes, from 0.41 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGBE.L vs. SUKC.L — Risk / Return Rank
IGBE.L
SUKC.L
IGBE.L vs. SUKC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.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.
| IGBE.L | SUKC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -0.06 | +1.30 |
| Martin ratioReturn relative to average drawdown | 3.81 | -0.12 | +3.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGBE.L | SUKC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | -0.03 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.32 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.49 | -0.48 |
Drawdowns
IGBE.L vs. SUKC.L - Drawdown Comparison
The maximum IGBE.L drawdown since its inception was -30.19%, which is greater than SUKC.L's maximum drawdown of -11.63%. Use the drawdown chart below to compare losses from any high point for IGBE.L and SUKC.L.
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Drawdown Indicators
| IGBE.L | SUKC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.19% | -11.63% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -3.75% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.75% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -11.63% | -17.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.63% | — |
Current DrawdownCurrent decline from peak | -6.10% | -2.11% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -10.79% | -1.41% | -9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.02% | -0.77% |
Volatility
IGBE.L vs. SUKC.L - Volatility Comparison
Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) has a higher volatility of 1.97% compared to SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) at 1.17%. This indicates that IGBE.L's price experiences larger fluctuations and is considered to be riskier 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
| IGBE.L | SUKC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.17% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.45% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 6.88% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 4.72% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.62% | 4.63% | +2.99% |
IGBE.L vs. SUKC.L - Expense Ratio Comparison
IGBE.L has a 0.10% 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
IGBE.L vs. SUKC.L - Dividend Comparison
IGBE.L's dividend yield for the trailing twelve months is around 4.93%, while SUKC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 4.93% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
IGBE.L and SUKC.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGBE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGBE.L is cheaper with a 0.10% expense ratio, compared with 0.20% for SUKC.L.
IGBE.L tracks Markit iBoxx GBP NonGilts TR, while SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for IGBE.L and 0.20% for SUKC.L.
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