SE15.L vs. SUKC.L
SE15.L (iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist)) and SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - SE15.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 10 years, SE15.L returned 2.18%/yr vs 1.84%/yr for SUKC.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SE15.L vs. SUKC.L - Performance Comparison
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Returns By Period
In the year-to-date period, SE15.L achieves a -0.33% return, which is significantly higher than SUKC.L's -1.46% return. Over the past 10 years, SE15.L has outperformed SUKC.L with an annualized return of 2.18%, while SUKC.L has yielded a comparatively lower 1.84% annualized return.
SE15.L
- 1D
- 0.22%
- 1M
- 0.73%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- 5.05%
- 3Y*
- 4.84%
- 5Y*
- 1.50%
- 10Y*
- 2.18%
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%
SE15.L vs. SUKC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SE15.L iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | -0.33% | 9.40% | 0.01% | 4.04% | -2.64% | -6.64% | 6.70% | -2.39% | 0.34% | 4.51% |
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | -1.46% | 3.90% | 4.82% | 7.17% | -5.78% | -0.79% | 3.08% | 4.66% | -0.43% | 1.73% |
Correlation
The correlation between SE15.L and SUKC.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2014 | 0.20 |
The correlation between SE15.L and SUKC.L shifts across timeframes, from 0.04 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SE15.L vs. SUKC.L — Risk / Return Rank
SE15.L
SUKC.L
SE15.L vs. SUKC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (SE15.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.
| SE15.L | SUKC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.06 | +1.61 |
| Martin ratioReturn relative to average drawdown | 3.96 | -0.12 | +4.08 |
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
| SE15.L | SUKC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | -0.03 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.32 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.40 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.49 | -0.24 |
Drawdowns
SE15.L vs. SUKC.L - Drawdown Comparison
The maximum SE15.L drawdown since its inception was -15.78%, 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 SE15.L and SUKC.L.
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Drawdown Indicators
| SE15.L | SUKC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -11.63% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.75% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -3.25% | -3.75% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -10.15% | -11.63% | +1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -15.55% | -11.63% | -3.92% |
Current DrawdownCurrent decline from peak | -1.85% | -2.11% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -6.32% | -1.41% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 2.02% | -0.75% |
Volatility
SE15.L vs. SUKC.L - Volatility Comparison
iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (SE15.L) has a higher volatility of 1.31% compared to SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) at 1.17%. This indicates that SE15.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
| SE15.L | SUKC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.17% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 4.45% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 6.88% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.48% | 4.72% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 4.63% | +2.42% |
SE15.L vs. SUKC.L - Expense Ratio Comparison
Both SE15.L and SUKC.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SE15.L vs. SUKC.L - Dividend Comparison
SE15.L's dividend yield for the trailing twelve months is around 3.51%, while SUKC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SE15.L iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | 3.51% | 3.34% | 3.02% | 1.62% | 0.58% | 0.68% | 0.66% | 0.73% | 0.69% | 0.77% | 1.05% | 0.77% |
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
SE15.L and SUKC.L have a correlation of 0.04, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SE15.L and SUKC.L have the same expense ratio: 0.20% per year.
SE15.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: iShares and State Street.
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