SEUC.L vs. EEXF.L
SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and EEXF.L (iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while EEXF.L tracks the Bloomberg Euro Corporate ex-Financials Bond Index (EUR). Both are passively managed. Over the past 10 years, SEUC.L returned 0.85%/yr vs 0.46%/yr for EEXF.L. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SEUC.L vs. EEXF.L - Performance Comparison
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Different Trading Currencies
SEUC.L is traded in EUR, while EEXF.L is traded in GBP. To make them comparable, the EEXF.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEUC.L achieves a 0.67% return, which is significantly higher than EEXF.L's -0.96% return. Over the past 10 years, SEUC.L has outperformed EEXF.L with an annualized return of 0.85%, while EEXF.L has yielded a comparatively lower 0.46% annualized return.
SEUC.L
- 1D
- 0.00%
- 1M
- -0.07%
- 6M
- 0.54%
- YTD
- 0.67%
- 1Y
- 1.63%
- 3Y*
- 3.65%
- 5Y*
- 1.61%
- 10Y*
- 0.85%
EEXF.L
- 1D
- 0.00%
- 1M
- -0.28%
- 6M
- -1.29%
- YTD
- -0.96%
- 1Y
- -0.05%
- 3Y*
- 3.52%
- 5Y*
- -0.68%
- 10Y*
- 0.46%
SEUC.L vs. EEXF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.67% | 3.03% | 4.21% | 4.17% | -3.54% | -0.27% | 0.20% | 0.80% | -0.55% | 0.08% |
EEXF.L iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) | -0.96% | 2.25% | 3.73% | 7.46% | -13.45% | -1.78% | 2.76% | 7.47% | -1.55% | 0.99% |
Correlation
The correlation between SEUC.L and EEXF.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2013 | 0.39 |
The correlation between SEUC.L and EEXF.L shifts across timeframes, from 0.39 (all time) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEUC.L vs. EEXF.L — Risk / Return Rank
SEUC.L
EEXF.L
SEUC.L vs. EEXF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) and iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.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.
| SEUC.L | EEXF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.99 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.06 | +2.01 |
| Martin ratioReturn relative to average drawdown | 7.63 | -0.15 | +7.78 |
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Drawdowns
SEUC.L vs. EEXF.L - Drawdown Comparison
The maximum SEUC.L drawdown since its inception was -7.84%, smaller than the maximum EEXF.L drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for SEUC.L and EEXF.L.
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Drawdown Indicators
| SEUC.L | EEXF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.84% | -18.10% | +10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.83% | -3.82% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -0.83% | -3.82% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -4.88% | -18.10% | +13.22% |
Max Drawdown (10Y)Largest decline over 10 years | -7.84% | -18.10% | +10.26% |
Current DrawdownCurrent decline from peak | -0.27% | -4.24% | +3.97% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -4.36% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 1.49% | -1.28% |
Volatility
SEUC.L vs. EEXF.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) is 0.25%, while iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.L) has a volatility of 0.90%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky than EEXF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEUC.L | EEXF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 0.90% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 3.46% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 3.94% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.39% | 5.46% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 5.92% | -3.76% |
SEUC.L vs. EEXF.L - Expense Ratio Comparison
Both SEUC.L and EEXF.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
SEUC.L vs. EEXF.L - Dividend Comparison
SEUC.L's dividend yield for the trailing twelve months is around 2.96%, more than EEXF.L's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEXF.L iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) | 2.85% | 2.59% | 2.30% | 1.49% | 0.86% | 0.84% | 0.86% | 1.31% | 1.34% | 1.40% | 1.70% | 1.00% |
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.23% | 0.17% | 0.11% | 0.28% | 0.50% | 0.72% |
Frequently Asked Questions
SEUC.L and EEXF.L have a correlation of 0.48, 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.
SEUC.L and EEXF.L have the same expense ratio: 0.20% per year.
SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while EEXF.L tracks Bloomberg Euro Corporate ex-Financials Bond Index (EUR). They also come from different issuers: State Street and iShares.
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