IS04.DE vs. USCR.L
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both exchange-traded funds - IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while USCR.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, IS04.DE returned -5.21%/yr vs 1.31%/yr for USCR.L. A 0.70 correlation means they provide meaningful diversification when combined. IS04.DE charges 0.07%/yr vs 0.15%/yr for USCR.L.
Performance
IS04.DE vs. USCR.L - Performance Comparison
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Different Trading Currencies
IS04.DE is traded in EUR, while USCR.L is traded in USD. To make them comparable, the USCR.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS04.DE achieves a 0.81% return, which is significantly lower than USCR.L's 1.33% return.
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
USCR.L
- 1D
- 0.13%
- 1M
- 1.15%
- YTD
- 1.33%
- 6M
- 1.15%
- 1Y
- 4.32%
- 3Y*
- 2.22%
- 5Y*
- 1.31%
- 10Y*
- —
IS04.DE vs. USCR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | -5.76% |
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 1.33% | -5.08% | 8.94% | 4.78% | -10.58% | 5.88% | -1.32% |
Correlation
The correlation between IS04.DE and USCR.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.70 |
The correlation between IS04.DE and USCR.L has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
IS04.DE vs. USCR.L — Risk / Return Rank
IS04.DE
USCR.L
IS04.DE vs. USCR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.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.
| IS04.DE | USCR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.11 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.98 | -0.69 |
| Martin ratioReturn relative to average drawdown | 0.62 | 2.87 | -2.26 |
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
| IS04.DE | USCR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.59 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.15 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.05 | -0.15 |
Drawdowns
IS04.DE vs. USCR.L - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, which is greater than USCR.L's maximum drawdown of -13.40%. Use the drawdown chart below to compare losses from any high point for IS04.DE and USCR.L.
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Drawdown Indicators
| IS04.DE | USCR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -13.40% | -33.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -3.96% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -12.05% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -40.05% | -13.40% | -26.65% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | — | — |
Current DrawdownCurrent decline from peak | -43.69% | -5.41% | -38.28% |
Average DrawdownAverage peak-to-trough decline | -21.89% | -6.11% | -15.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 1.35% | +2.10% |
Volatility
IS04.DE vs. USCR.L - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a higher volatility of 2.47% compared to SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) at 1.46%. This indicates that IS04.DE's price experiences larger fluctuations and is considered to be riskier than USCR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS04.DE | USCR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.46% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 4.91% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 6.53% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 8.98% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 8.84% | +5.85% |
IS04.DE vs. USCR.L - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than USCR.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
IS04.DE vs. USCR.L - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.35%, while USCR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS04.DE and USCR.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for USCR.L.
IS04.DE is categorized as Government Bonds, while USCR.L is Corporate Bonds. IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while USCR.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IS04.DE and 0.15% for USCR.L.
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