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SEUC.L vs. SUKC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEUC.L vs. SUKC.L

Last updated Jun 5, 2026

SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds from State Street - SEUC.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, SEUC.L returned 0.86%/yr vs 0.88%/yr for SUKC.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SEUC.L vs. SUKC.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 SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SEUC.L is traded in EUR, while SUKC.L is traded in GBP. To make them comparable, the SUKC.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 SUKC.L's -0.59% return. Both investments have delivered pretty close results over the past 10 years, with SEUC.L having a 0.86% annualized return and SUKC.L not far ahead at 0.88%.

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%

SUKC.L

1D
0.12%
1M
0.91%
YTD
-0.59%
6M
-0.59%
1Y
-2.85%
3Y*
4.41%
5Y*
1.36%
10Y*
0.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEUC.L vs. SUKC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SUKC.L
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF		-0.59%-1.52%9.87%9.44%-10.63%5.66%-2.52%11.31%-1.66%-2.06%

Correlation

The correlation between SEUC.L and SUKC.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

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2014

0.23

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

Sectors
SEUC.L
SUKC.L

Financial Services

27.8%
36.3%

Industrials

4.9%
1.3%

Consumer Cyclical

4.8%
3.8%

Consumer Defensive

3.4%
2.0%

Healthcare

3.0%
1.2%

Real Estate

2.4%
3.2%

Communication Services

2.2%
3.5%

Utilities

2.1%
1.0%

Basic Materials

1.6%
0.3%

Energy

1.1%
0.2%

Technology

1.1%
0.4%

Financial Services

SEUC.L
27.8%
SUKC.L
36.3%

Industrials

SEUC.L
4.9%
SUKC.L
1.3%

Consumer Cyclical

SEUC.L
4.8%
SUKC.L
3.8%

Consumer Defensive

SEUC.L
3.4%
SUKC.L
2.0%

Healthcare

SEUC.L
3.0%
SUKC.L
1.2%

Real Estate

SEUC.L
2.4%
SUKC.L
3.2%

Communication Services

SEUC.L
2.2%
SUKC.L
3.5%

Utilities

SEUC.L
2.1%
SUKC.L
1.0%

Basic Materials

SEUC.L
1.6%
SUKC.L
0.3%

Energy

SEUC.L
1.1%
SUKC.L
0.2%

Technology

SEUC.L
1.1%
SUKC.L
0.4%

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SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF

SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF

Often compared with SEUC.L:
SEUC.L vs. IEAC.ASSEUC.L vs. IBCX.LSEUC.L vs. J15R.LSEUC.L vs. VYMISEUC.L vs. ECRP.LSEUC.L vs. IGCB.LSEUC.L vs. VECA.L
Often compared with SUKC.L:
SUKC.L vs. TI5G.LSUKC.L vs. IGCB.LSUKC.L vs. SWDA.LSUKC.L vs. XBLC.LSUKC.L vs. GBP5.LSUKC.L vs. UDVD.LSUKC.L vs. ACWI.L

Return for Risk

SEUC.L vs. SUKC.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: 5757
Overall Rank
SEUC.L Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SEUC.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
SEUC.L Omega Ratio Rank: 6969
Omega Ratio Rank
SEUC.L Calmar Ratio Rank: 4747
Calmar Ratio Rank
SEUC.L Martin Ratio Rank: 5454
Martin Ratio Rank
SUKC.L
SUKC.L Risk / Return Rank: 88
Overall Rank
SUKC.L Sharpe Ratio Rank: 99
Sharpe Ratio Rank
SUKC.L Sortino Ratio Rank: 88
Sortino Ratio Rank
SUKC.L Omega Ratio Rank: 88
Omega Ratio Rank
SUKC.L Calmar Ratio Rank: 88
Calmar Ratio Rank
SUKC.L Martin Ratio Rank: 99
Martin Ratio Rank
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. SUKC.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 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.

SEUC.LSUKC.LDifference
Sharpe ratioReturn per unit of total volatility
1.77
-0.35

+2.12

Sortino ratioReturn per unit of downside risk
2.90
-0.42

+3.32

Omega ratioGain probability vs. loss probability

1.40

0.95

+0.45

Calmar ratioReturn relative to maximum drawdown

2.28

-0.55

+2.83

Martin ratioReturn relative to average drawdown

9.27

-0.88

+10.14

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. SUKC.L - Sharpe Ratio Comparison

The current SEUC.L Sharpe Ratio is 1.77, which is higher than the SUKC.L Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of SEUC.L and SUKC.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.

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Sharpe Ratios by Period

SEUC.LSUKC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.77

-0.35

+2.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.18

0.18

+1.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.10

+0.30

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.19

+0.28

Drawdowns

SEUC.L vs. SUKC.L - Drawdown Comparison

The maximum SEUC.L drawdown since its inception was -7.82%, smaller than the maximum SUKC.L drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for SEUC.L and SUKC.L.

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Drawdown Indicators

SEUC.LSUKC.LDifference

Max Drawdown

Largest peak-to-trough decline

-7.82%

-26.12%

+18.30%

Max Drawdown (1Y)

Largest decline over 1 year

-0.83%

-5.18%

+4.35%

Max Drawdown (3Y)

Largest decline over 3 years

-0.83%

-6.14%

+5.31%

Max Drawdown (5Y)

Largest decline over 5 years

-4.90%

-16.49%

+11.59%

Max Drawdown (10Y)

Largest decline over 10 years

-7.82%

-21.11%

+13.29%

Current Drawdown

Current decline from peak

-0.10%

-3.84%

+3.74%

Average Drawdown

Average peak-to-trough decline

-0.65%

-9.09%

+8.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.21%

3.24%

-3.03%

Volatility

SEUC.L vs. SUKC.L - Volatility Comparison

The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) is 0.36%, while SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) has a volatility of 1.74%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky 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

SEUC.LSUKC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.36%

1.74%

-1.38%

Volatility (6M)

Calculated over the trailing 6-month period

0.95%

5.21%

-4.26%

Volatility (1Y)

Calculated over the trailing 1-year period

1.08%

8.12%

-7.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.35%

7.44%

-6.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.15%

8.77%

-6.62%

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

Both SEUC.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

SEUC.L vs. SUKC.L - Dividend Comparison

SEUC.L's dividend yield for the trailing twelve months is around 2.96%, while SUKC.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
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

SEUC.L and SUKC.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.

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 SUKC.L have the same expense ratio: 0.20% per year.

SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR.

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