SEUC.L vs. SUOE.L
SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) are both European Corporate Bonds funds - SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while SUOE.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SEUC.L returned 1.59%/yr vs 0.03%/yr for SUOE.L. A 0.63 correlation means they provide meaningful diversification when combined. SEUC.L charges 0.20%/yr vs 0.15%/yr for SUOE.L.
Performance
SEUC.L vs. SUOE.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SEUC.L having a 0.55% return and SUOE.L slightly higher at 0.57%.
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%
SUOE.L
- 1D
- 0.15%
- 1M
- 0.75%
- YTD
- 0.57%
- 6M
- 0.37%
- 1Y
- 1.88%
- 3Y*
- 4.51%
- 5Y*
- 0.03%
- 10Y*
- —
SEUC.L vs. SUOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -0.35% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 0.57% | 2.96% | 4.25% | 7.30% | -13.15% | -1.22% | 2.57% | 6.04% | -0.59% |
Correlation
The correlation between SEUC.L and SUOE.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.63 |
The correlation between SEUC.L and SUOE.L has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
SEUC.L vs. SUOE.L — Risk / Return Rank
SEUC.L
SUOE.L
SEUC.L vs. SUOE.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 EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.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 | SUOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.11 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.69 | +1.59 |
| Martin ratioReturn relative to average drawdown | 9.27 | 2.44 | +6.83 |
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
| SEUC.L | SUOE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.61 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.01 | +1.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.17 | +0.30 |
Drawdowns
SEUC.L vs. SUOE.L - Drawdown Comparison
The maximum SEUC.L drawdown since its inception was -7.82%, smaller than the maximum SUOE.L drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for SEUC.L and SUOE.L.
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Drawdown Indicators
| SEUC.L | SUOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.82% | -17.06% | +9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.83% | -2.72% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -0.83% | -2.72% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -4.90% | -17.06% | +12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -7.82% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.09% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -4.76% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.77% | -0.56% |
Volatility
SEUC.L vs. SUOE.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) is 0.36%, while iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) has a volatility of 1.24%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky than SUOE.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 | SUOE.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% | 2.71% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 3.10% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.35% | 4.80% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.15% | 5.49% | -3.34% |
SEUC.L vs. SUOE.L - Expense Ratio Comparison
SEUC.L has a 0.20% expense ratio, which is higher than SUOE.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SEUC.L vs. SUOE.L - Dividend Comparison
SEUC.L's dividend yield for the trailing twelve months is around 2.96%, less than SUOE.L's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 3.27% | 3.23% | 3.18% | 2.52% | 0.83% | 0.47% | 0.57% | 0.77% | 0.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEUC.L and SUOE.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUOE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUOE.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SEUC.L.
SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while SUOE.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SEUC.L and 0.15% for SUOE.L.
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