LCRP.L vs. IUCB.L
LCRP.L (SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF) and IUCB.L (SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds from State Street tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, LCRP.L returned -0.92%/yr vs 3.03%/yr for IUCB.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
LCRP.L vs. IUCB.L - Performance Comparison
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Different Trading Currencies
LCRP.L is traded in GBP, while IUCB.L is traded in USD. To make them comparable, the IUCB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
LCRP.L
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -1.82%
- 1Y
- 6.35%
- 3Y*
- 1.41%
- 5Y*
- -0.92%
- 10Y*
- 1.61%
IUCB.L
- 1D
- 0.18%
- 1M
- 1.19%
- YTD
- 0.84%
- 6M
- 0.18%
- 1Y
- 6.13%
- 3Y*
- 3.23%
- 5Y*
- 3.03%
- 10Y*
- —
LCRP.L vs. IUCB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 0.00% | -1.12% | 0.56% | 4.59% | -16.57% | -0.11% | 10.05% | 16.19% | -5.81% | -2.15% |
IUCB.L SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF | 0.84% | 0.15% | 6.37% | 1.48% | 1.51% | -1.48% | 4.81% | 5.31% | 1.41% | -4.69% |
Correlation
The correlation between LCRP.L and IUCB.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.31 |
The correlation between LCRP.L and IUCB.L shifts across timeframes, from 0.31 (all time) to 0.51 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LCRP.L vs. IUCB.L — Risk / Return Rank
LCRP.L
IUCB.L
LCRP.L vs. IUCB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) and SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.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.
| LCRP.L | IUCB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.24 | +0.20 |
| Martin ratioReturn relative to average drawdown | 2.05 | 3.48 | -1.43 |
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
| LCRP.L | IUCB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.87 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.42 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.27 | -0.06 |
Drawdowns
LCRP.L vs. IUCB.L - Drawdown Comparison
The maximum LCRP.L drawdown since its inception was -28.37%, which is greater than IUCB.L's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for LCRP.L and IUCB.L.
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Drawdown Indicators
| LCRP.L | IUCB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -16.72% | -11.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -5.02% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -11.82% | -7.91% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.17% | -13.22% | -12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | -18.73% | -1.74% | -16.99% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -5.69% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 1.78% | +1.59% |
Volatility
LCRP.L vs. IUCB.L - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) is 0.00%, while SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) has a volatility of 1.77%. This indicates that LCRP.L experiences smaller price fluctuations and is considered to be less risky than IUCB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCRP.L | IUCB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.77% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 5.19% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 7.16% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 9.52% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.86% | 12.33% | +0.53% |
LCRP.L vs. IUCB.L - Expense Ratio Comparison
Both LCRP.L and IUCB.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LCRP.L vs. IUCB.L - Dividend Comparison
LCRP.L's dividend yield for the trailing twelve months is around 2.75%, less than IUCB.L's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 2.75% | 5.64% | 5.14% | 4.64% | 4.37% | 3.29% | 3.49% |
Frequently Asked Questions
LCRP.L and IUCB.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LCRP.L and IUCB.L have the same expense ratio: 0.12% per year.
Both ETFs track Bloomberg US Corp Bond TR USD.
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