PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IUCB.L vs. SPY5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUCB.L vs. SPY5.L

Last updated Jun 5, 2026

IUCB.L (SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF) and SPY5.L (State Street SPDR S&P 500 UCITS ETF) are both exchange-traded funds - IUCB.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while SPY5.L is a S&P 500 fund tracking the S&P 500. Both are passively managed. Over the past 5 years, IUCB.L returned 1.88%/yr vs 13.71%/yr for SPY5.L. At a 0.11 correlation, their price movements are largely independent. IUCB.L charges 0.12%/yr vs 0.09%/yr for SPY5.L.

Performance

IUCB.L vs. SPY5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) and State Street SPDR S&P 500 UCITS ETF (SPY5.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IUCB.L achieves a 0.43% return, which is significantly lower than SPY5.L's 10.31% return.

IUCB.L

1D
0.18%
1M
0.27%
YTD
0.43%
6M
0.88%
1Y
5.11%
3Y*
5.84%
5Y*
1.88%
10Y*
—

SPY5.L

1D
0.01%
1M
4.49%
YTD
10.31%
6M
11.16%
1Y
27.83%
3Y*
22.16%
5Y*
13.71%
10Y*
15.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUCB.L vs. SPY5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUCB.L
SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF		0.43%7.84%4.54%7.17%-9.26%-1.61%7.94%8.74%-3.80%0.80%
SPY5.L
State Street SPDR S&P 500 UCITS ETF		10.31%17.43%25.36%26.64%-18.68%29.28%17.52%30.85%-5.09%22.58%

Correlation

The correlation between IUCB.L and SPY5.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2016

0.11

The correlation between IUCB.L and SPY5.L shifts across timeframes, from 0.11 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

IUCB.L vs. SPY5.L - Sectors Allocation Comparison

Sectors
IUCB.L
SPY5.L

Financial Services

26.3%
11.3%

Healthcare

5.8%
8.4%

Technology

5.0%
38.0%

Consumer Cyclical

4.6%
9.8%

Energy

4.0%
3.4%

Communication Services

4.0%
10.6%

Industrials

3.7%
7.6%

Utilities

3.1%
2.6%

Consumer Defensive

3.0%
4.7%

Real Estate

2.2%
1.8%

Basic Materials

1.1%
1.7%

Financial Services

IUCB.L
26.3%
SPY5.L
11.3%

Healthcare

IUCB.L
5.8%
SPY5.L
8.4%

Technology

IUCB.L
5.0%
SPY5.L
38.0%

Consumer Cyclical

IUCB.L
4.6%
SPY5.L
9.8%

Energy

IUCB.L
4.0%
SPY5.L
3.4%

Communication Services

IUCB.L
4.0%
SPY5.L
10.6%

Industrials

IUCB.L
3.7%
SPY5.L
7.6%

Utilities

IUCB.L
3.1%
SPY5.L
2.6%

Consumer Defensive

IUCB.L
3.0%
SPY5.L
4.7%

Real Estate

IUCB.L
2.2%
SPY5.L
1.8%

Basic Materials

IUCB.L
1.1%
SPY5.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF

State Street SPDR S&P 500 UCITS ETF

Often compared with IUCB.L:
IUCB.L vs. SDIA.LIUCB.L vs. QDVK.DEIUCB.L vs. SJNKIUCB.L vs. LQDE.LIUCB.L vs. ERNA.LIUCB.L vs. VDPA.LIUCB.L vs. USCR.L
Often compared with SPY5.L:
SPY5.L vs. SPYSPY5.L vs. CSPX.LSPY5.L vs. VUSA.DESPY5.L vs. VOOSPY5.L vs. CSP1.LSPY5.L vs. VUAA.LSPY5.L vs. SWRD.L

Return for Risk

IUCB.L vs. SPY5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUCB.L
IUCB.L Risk / Return Rank: 4545
Overall Rank
IUCB.L Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
IUCB.L Sortino Ratio Rank: 4040
Sortino Ratio Rank
IUCB.L Omega Ratio Rank: 4141
Omega Ratio Rank
IUCB.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
IUCB.L Martin Ratio Rank: 5151
Martin Ratio Rank
SPY5.L
SPY5.L Risk / Return Rank: 7575
Overall Rank
SPY5.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPY5.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
SPY5.L Omega Ratio Rank: 7575
Omega Ratio Rank
SPY5.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPY5.L Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUCB.L vs. SPY5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) and State Street SPDR S&P 500 UCITS ETF (SPY5.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.

IUCB.LSPY5.LDifference
Sharpe ratioReturn per unit of total volatility
1.38
2.39

-1.01

Sortino ratioReturn per unit of downside risk
2.02
3.51

-1.49

Omega ratioGain probability vs. loss probability

1.26

1.44

-0.18

Calmar ratioReturn relative to maximum drawdown

2.60

3.39

-0.79

Martin ratioReturn relative to average drawdown

8.50

14.64

-6.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUCB.L vs. SPY5.L - Sharpe Ratio Comparison

The current IUCB.L Sharpe Ratio is 1.38, which is lower than the SPY5.L Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IUCB.L and SPY5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IUCB.LSPY5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.38

2.39

-1.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.86

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.95

-0.47

Drawdowns

IUCB.L vs. SPY5.L - Drawdown Comparison

The maximum IUCB.L drawdown since its inception was -14.12%, smaller than the maximum SPY5.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for IUCB.L and SPY5.L.

Loading charts...

Drawdown Indicators

IUCB.LSPY5.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.12%

-33.89%

+19.77%

Max Drawdown (1Y)

Largest decline over 1 year

-2.00%

-8.18%

+6.18%

Max Drawdown (3Y)

Largest decline over 3 years

-3.53%

-18.37%

+14.84%

Max Drawdown (5Y)

Largest decline over 5 years

-14.00%

-24.37%

+10.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.89%

—

Current Drawdown

Current decline from peak

-0.61%

-0.55%

-0.06%

Average Drawdown

Average peak-to-trough decline

-3.64%

-3.70%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.61%

1.90%

-1.29%

Volatility

IUCB.L vs. SPY5.L - Volatility Comparison

The current volatility for SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) is 1.09%, while State Street SPDR S&P 500 UCITS ETF (SPY5.L) has a volatility of 3.17%. This indicates that IUCB.L experiences smaller price fluctuations and is considered to be less risky than SPY5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IUCB.LSPY5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.09%

3.17%

-2.08%

Volatility (6M)

Calculated over the trailing 6-month period

2.46%

8.48%

-6.02%

Volatility (1Y)

Calculated over the trailing 1-year period

3.77%

11.59%

-7.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.24%

15.92%

-10.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.66%

16.24%

-8.58%

IUCB.L vs. SPY5.L - Expense Ratio Comparison

IUCB.L has a 0.12% expense ratio, which is higher than SPY5.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUCB.L vs. SPY5.L - Dividend Comparison

IUCB.L's dividend yield for the trailing twelve months is around 4.67%, more than SPY5.L's 0.89% yield.

PositionTTM20252024202320222021202020192018201720162015
IUCB.L
SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF		4.67%4.66%4.70%3.89%2.62%2.37%2.67%0.00%0.00%0.00%0.00%0.00%
SPY5.L
State Street SPDR S&P 500 UCITS ETF		0.89%0.97%1.06%1.19%1.40%0.99%1.28%1.71%2.20%2.29%1.64%1.73%

Frequently Asked Questions

IUCB.L and SPY5.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPY5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPY5.L is cheaper with a 0.09% expense ratio, compared with 0.12% for IUCB.L.

IUCB.L is categorized as Corporate Bonds, while SPY5.L is S&P 500. IUCB.L tracks Bloomberg US Corp Bond TR USD, while SPY5.L tracks S&P 500. Their fees differ too: 0.12% for IUCB.L and 0.09% for SPY5.L.

Portfolio Optimizer

Find the right allocation for IUCB.L and SPY5.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer