SEUC.L vs. XBLC.L

Last updated Jun 5, 2026

SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) are both European Corporate Bonds funds - SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while XBLC.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SEUC.L returned 1.59%/yr vs 0.08%/yr for XBLC.L. A 0.67 correlation means they provide meaningful diversification when combined. SEUC.L charges 0.20%/yr vs 0.12%/yr for XBLC.L.

Performance

SEUC.L vs. XBLC.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 Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with SEUC.L at 0.55% and XBLC.L at 0.55%.

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%

XBLC.L

• 1D: 0.10%
• 1M: 0.71%
• YTD: 0.55%
• 6M: 0.44%
• 1Y: 1.87%
• 3Y*: 4.55%
• 5Y*: 0.08%
• 10Y*: —

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

SEUC.L vs. XBLC.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%	-0.03%
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C	0.55%	2.95%	4.36%	7.51%	-13.29%	-1.05%	2.52%	6.28%	-1.52%	0.63%

Correlation

The correlation between SEUC.L and XBLC.L is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017	0.67

The correlation between SEUC.L and XBLC.L has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.

Return for Risk

SEUC.L vs. XBLC.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

XBLC.L

XBLC.L Risk / Return Rank: 19
XBLC.L Sharpe Ratio Rank: 20
XBLC.L Sortino Ratio Rank: 18
XBLC.L Omega Ratio Rank: 20
XBLC.L Calmar Ratio Rank: 18
XBLC.L Martin Ratio Rank: 21

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. XBLC.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 Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.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	XBLC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.62	+1.15
Sortino ratio: Return per unit of downside risk	2.90	0.92	+1.98
Omega ratio: Gain probability vs. loss probability	1.40	1.12	+0.28
Calmar ratio: Return relative to maximum drawdown	2.28	0.70	+1.59
Martin ratio: Return relative to average drawdown	9.27	2.42	+6.85
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. XBLC.L - Sharpe Ratio Comparison

The current SEUC.L Sharpe Ratio is 1.77, which is higher than the XBLC.L Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of SEUC.L and XBLC.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	XBLC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	0.62	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.18	0.02	+1.16
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	0.18	+0.29

Drawdowns

SEUC.L vs. XBLC.L - Drawdown Comparison

The maximum SEUC.L drawdown since its inception was -7.82%, smaller than the maximum XBLC.L drawdown of -17.18%. Use the drawdown chart below to compare losses from any high point for SEUC.L and XBLC.L.

Drawdown Indicators

	SEUC.L	XBLC.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.82%	-17.18%	+9.36%
Max Drawdown (1Y) Largest decline over 1 year	-0.83%	-2.67%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	-0.83%	-2.67%	+1.84%
Max Drawdown (5Y) Largest decline over 5 years	-4.90%	-17.18%	+12.28%
Max Drawdown (10Y) Largest decline over 10 years	-7.82%	—	—
Current Drawdown Current decline from peak	-0.10%	-1.05%	+0.95%
Average Drawdown Average peak-to-trough decline	-0.65%	-4.50%	+3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	0.77%	-0.56%

Volatility

SEUC.L vs. XBLC.L - Volatility Comparison

The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) is 0.36%, while Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) has a volatility of 1.18%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky than XBLC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEUC.L	XBLC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	1.18%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	0.95%	2.65%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	1.08%	3.01%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.35%	4.38%	-3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.15%	4.71%	-2.56%

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

SEUC.L has a 0.20% expense ratio, which is higher than XBLC.L's 0.12% 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. XBLC.L - Dividend Comparison

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

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%
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

SEUC.L and XBLC.L have a correlation of 0.69, 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 XBLC.L?

On fees, XBLC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XBLC.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SEUC.L.

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

SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while XBLC.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.20% for SEUC.L and 0.12% for XBLC.L.