PUIP.L vs. SUSU.L
PUIP.L (Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged) and SUSU.L (iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist)) are both Corporate Bonds funds - PUIP.L tracks the Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged while SUSU.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, PUIP.L returned -0.67%/yr vs 3.33%/yr for SUSU.L. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.12% expense ratio.
Performance
PUIP.L vs. SUSU.L - Performance Comparison
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Different Trading Currencies
PUIP.L is traded in GBp, while SUSU.L is traded in USD. To make them comparable, the SUSU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PUIP.L achieves a -0.60% return, which is significantly lower than SUSU.L's 0.96% return.
PUIP.L
- 1D
- 0.01%
- 1M
- -1.05%
- 6M
- -0.71%
- YTD
- -0.60%
- 1Y
- 4.01%
- 3Y*
- 4.25%
- 5Y*
- -0.67%
- 10Y*
- —
SUSU.L
- 1D
- -0.84%
- 1M
- -0.68%
- 6M
- 0.76%
- YTD
- 0.96%
- 1Y
- 3.01%
- 3Y*
- 4.06%
- 5Y*
- 3.33%
- 10Y*
- —
PUIP.L vs. SUSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PUIP.L Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged | -0.60% | 7.40% | 1.97% | 6.75% | -16.40% | -1.56% | 7.62% | 0.89% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 0.96% | -1.97% | 7.29% | -0.08% | 9.44% | 0.79% | 0.23% | -3.05% |
Correlation
The correlation between PUIP.L and SUSU.L is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019 | -0.10 |
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Return for Risk
PUIP.L vs. SUSU.L — Risk / Return Rank
PUIP.L
SUSU.L
PUIP.L vs. SUSU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged (PUIP.L) and iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.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.
| PUIP.L | SUSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.58 | +0.69 |
| Martin ratioReturn relative to average drawdown | 3.81 | 1.64 | +2.17 |
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Drawdowns
PUIP.L vs. SUSU.L - Drawdown Comparison
The maximum PUIP.L drawdown since its inception was -22.48%, which is greater than SUSU.L's maximum drawdown of -15.81%. Use the drawdown chart below to compare losses from any high point for PUIP.L and SUSU.L.
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Drawdown Indicators
| PUIP.L | SUSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -15.81% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -5.14% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.86% | -9.09% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.43% | -15.81% | -6.62% |
Current DrawdownCurrent decline from peak | -4.38% | -5.04% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -6.96% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.84% | -0.84% |
Volatility
PUIP.L vs. SUSU.L - Volatility Comparison
The current volatility for Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged (PUIP.L) is 1.09%, while iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.L) has a volatility of 2.04%. This indicates that PUIP.L experiences smaller price fluctuations and is considered to be less risky than SUSU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUIP.L | SUSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 2.04% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.58% | 5.18% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 6.65% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 8.43% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.99% | 8.63% | -0.64% |
PUIP.L vs. SUSU.L - Expense Ratio Comparison
Both PUIP.L and SUSU.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
PUIP.L vs. SUSU.L - Dividend Comparison
PUIP.L's dividend yield for the trailing twelve months is around 4.99%, more than SUSU.L's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PUIP.L Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged | 4.99% | 4.72% | 4.73% | 4.00% | 2.99% | 2.31% | 2.85% | 0.00% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 4.47% | 4.60% | 4.71% | 4.01% | 1.59% | 0.82% | 2.24% | 2.90% |
Frequently Asked Questions
PUIP.L and SUSU.L have a correlation of -0.14, 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.
PUIP.L and SUSU.L have the same expense ratio: 0.12% per year.
PUIP.L tracks Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged, while SUSU.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Invesco and iShares.
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