SEUC.L vs. ISXF.L
SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and ISXF.L (iShares GBP Corporate Bond ex-Financials UCITS ETF) are both European Corporate Bonds funds - SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while ISXF.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 10 years, SEUC.L returned 0.86%/yr vs 0.43%/yr for ISXF.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SEUC.L vs. ISXF.L - Performance Comparison
Loading charts...
Different Trading Currencies
SEUC.L is traded in EUR, while ISXF.L is traded in GBP. To make them comparable, the ISXF.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 higher than ISXF.L's 0.30% return. Over the past 10 years, SEUC.L has outperformed ISXF.L with an annualized return of 0.86%, while ISXF.L has yielded a comparatively lower 0.43% 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%
ISXF.L
- 1D
- 0.24%
- 1M
- 1.98%
- YTD
- 0.30%
- 6M
- 0.79%
- 1Y
- 1.85%
- 3Y*
- 5.04%
- 5Y*
- -1.54%
- 10Y*
- 0.43%
SEUC.L vs. ISXF.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% |
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | 0.30% | 1.35% | 4.63% | 11.03% | -24.09% | 2.24% | 2.65% | 18.35% | -3.26% | -0.67% |
Correlation
The correlation between SEUC.L and ISXF.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2013 | 0.35 |
The correlation between SEUC.L and ISXF.L shifts across timeframes, from 0.35 (all time) to 0.51 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SEUC.L vs. ISXF.L — Risk / Return Rank
SEUC.L
ISXF.L
SEUC.L vs. ISXF.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 ex-Financials UCITS ETF (ISXF.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 | ISXF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.05 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.41 | +1.87 |
| Martin ratioReturn relative to average drawdown | 9.27 | 1.00 | +8.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SEUC.L | ISXF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.26 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | -0.16 | +1.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.04 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.40 | +0.07 |
Drawdowns
SEUC.L vs. ISXF.L - Drawdown Comparison
The maximum SEUC.L drawdown since its inception was -7.82%, smaller than the maximum ISXF.L drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for SEUC.L and ISXF.L.
Loading charts...
Drawdown Indicators
| SEUC.L | ISXF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.82% | -33.87% | +26.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.83% | -4.47% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -0.83% | -7.92% | +7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -4.90% | -33.87% | +28.97% |
Max Drawdown (10Y)Largest decline over 10 years | -7.82% | -33.87% | +26.05% |
Current DrawdownCurrent decline from peak | -0.10% | -11.81% | +11.71% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -8.13% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 1.85% | -1.64% |
Volatility
SEUC.L vs. ISXF.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 ex-Financials UCITS ETF (ISXF.L) has a volatility of 2.72%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky than ISXF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SEUC.L | ISXF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 2.72% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 5.84% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 7.19% | -6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.35% | 9.90% | -8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.15% | 10.13% | -7.98% |
SEUC.L vs. ISXF.L - Expense Ratio Comparison
Both SEUC.L and ISXF.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. ISXF.L - Dividend Comparison
SEUC.L's dividend yield for the trailing twelve months is around 2.96%, less than ISXF.L's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | 4.54% | 4.23% | 3.97% | 3.15% | 2.93% | 2.31% | 2.30% | 2.66% | 2.87% | 2.87% | 3.48% | 1.95% |
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 ISXF.L have a correlation of 0.47, 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 ISXF.L have the same expense ratio: 0.20% per year.
SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while ISXF.L tracks Markit iBoxx GBP NonGilts TR. They also come from different issuers: State Street and iShares.
Find the right allocation for SEUC.L and ISXF.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer