SEUC.L vs. IS15.L

Last updated Jun 5, 2026

SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both European Corporate Bonds funds - SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 10 years, SEUC.L returned 0.86%/yr vs 1.27%/yr for IS15.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SEUC.L vs. IS15.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) and iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SEUC.L is traded in EUR, while IS15.L is traded in GBP. To make them comparable, the IS15.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 0.55% return, which is significantly lower than IS15.L's 1.58% return. Over the past 10 years, SEUC.L has underperformed IS15.L with an annualized return of 0.86%, while IS15.L has yielded a comparatively higher 1.27% annualized return.

SEUC.L

• 1D: 0.05%
• 1M: 0.35%
• YTD: 0.55%
• 6M: 0.70%
• 1Y: 1.91%
• 3Y*: 3.72%
• 5Y*: 1.59%
• 10Y*: 0.86%

IS15.L

• 1D: -0.27%
• 1M: 0.71%
• YTD: 1.58%
• 6M: 2.14%
• 1Y: 1.83%
• 3Y*: 5.91%
• 5Y*: 2.21%
• 10Y*: 1.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEUC.L vs. IS15.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	0.55%	3.03%	4.21%	4.17%	-3.54%	-0.27%	0.22%	0.79%	-0.53%	0.06%
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF	1.58%	0.70%	9.95%	9.43%	-10.93%	5.61%	-2.24%	11.19%	-1.71%	-2.25%

Correlation

The correlation between SEUC.L and IS15.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	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 10, 2013	0.23

The correlation between SEUC.L and IS15.L shifts across timeframes, from 0.23 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.

SEUC.L vs. IS15.L - Sectors Allocation Comparison

Sectors	SEUC.L	IS15.L
Financial Services	27.8%	28.6%
Industrials	4.9%	25.2%
Consumer Cyclical	4.8%	17.6%
Consumer Defensive	3.4%	8.5%
Healthcare	3.0%	-
Real Estate	2.4%	6.0%
Communication Services	2.2%	3.9%
Utilities	2.1%	1.5%
Basic Materials	1.6%	2.8%
Energy	1.1%	-
Technology	1.1%	5.9%

Return for Risk

SEUC.L vs. IS15.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEUC.L

SEUC.L Risk / Return Rank: 57
SEUC.L Sharpe Ratio Rank: 52
SEUC.L Sortino Ratio Rank: 62
SEUC.L Omega Ratio Rank: 69
SEUC.L Calmar Ratio Rank: 47
SEUC.L Martin Ratio Rank: 54

IS15.L

IS15.L Risk / Return Rank: 54
IS15.L Sharpe Ratio Rank: 52
IS15.L Sortino Ratio Rank: 54
IS15.L Omega Ratio Rank: 63
IS15.L Calmar Ratio Rank: 49
IS15.L Martin Ratio Rank: 53

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.

SEUC.L vs. IS15.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 GBP Corporate Bond 0-5yr UCITS ETF (IS15.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.

	SEUC.L	IS15.L	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.40	+1.37
Sortino ratio: Return per unit of downside risk	2.90	0.60	+2.30
Omega ratio: Gain probability vs. loss probability	1.40	1.07	+0.33
Calmar ratio: Return relative to maximum drawdown	2.28	0.77	+1.52
Martin ratio: Return relative to average drawdown	9.27	1.62	+7.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEUC.L vs. IS15.L - Sharpe Ratio Comparison

The current SEUC.L Sharpe Ratio is 1.77, which is higher than the IS15.L Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of SEUC.L and IS15.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.

Sharpe Ratios by Period

	SEUC.L	IS15.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	0.40	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.18	0.34	+0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.16	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.36	+0.11

Drawdowns

SEUC.L vs. IS15.L - Drawdown Comparison

The maximum SEUC.L drawdown since its inception was -7.82%, smaller than the maximum IS15.L drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for SEUC.L and IS15.L.

Drawdown Indicators

	SEUC.L	IS15.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.82%	-23.72%	+15.90%
Max Drawdown (1Y) Largest decline over 1 year	-0.83%	-2.40%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	-0.83%	-5.58%	+4.75%
Max Drawdown (5Y) Largest decline over 5 years	-4.90%	-17.00%	+12.10%
Max Drawdown (10Y) Largest decline over 10 years	-7.82%	-18.73%	+10.91%
Current Drawdown Current decline from peak	-0.10%	-0.27%	+0.17%
Average Drawdown Average peak-to-trough decline	-0.65%	-7.61%	+6.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	1.14%	-0.93%

Volatility

SEUC.L vs. IS15.L - Volatility Comparison

The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) is 0.36%, while iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) has a volatility of 1.24%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky than IS15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEUC.L	IS15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	1.24%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	0.95%	3.28%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	1.08%	4.63%	-3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.35%	6.52%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.15%	7.92%	-5.77%

SEUC.L vs. IS15.L - Expense Ratio Comparison

Both SEUC.L and IS15.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. IS15.L - Dividend Comparison

SEUC.L's dividend yield for the trailing twelve months is around 2.96%, less than IS15.L's 4.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF	4.54%	4.35%	4.06%	3.05%	1.80%	1.72%	1.81%	2.03%	2.08%	2.15%	2.55%	2.91%
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

Can I hold both SEUC.L and IS15.L in my portfolio?

SEUC.L and IS15.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.

Which ETF is better, SEUC.L or IS15.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEUC.L or IS15.L?

SEUC.L and IS15.L have the same expense ratio: 0.20% per year.

What is the main difference between SEUC.L and IS15.L?

SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: State Street and iShares.