SLXX.L vs. CBS5.L
SLXX.L (iShares Core £ Corp Bond UCITS ETF) and CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) are both Corporate Bonds funds - SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index while CBS5.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 3 years, SLXX.L returned 5.83%/yr vs 2.47%/yr for CBS5.L. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.20% expense ratio.
Performance
SLXX.L vs. CBS5.L - Performance Comparison
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Different Trading Currencies
SLXX.L is traded in GBP, while CBS5.L is traded in GBp. To make them comparable, the CBS5.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLXX.L achieves a -0.09% return, which is significantly lower than CBS5.L's 0.50% return.
SLXX.L
- 1D
- 0.21%
- 1M
- 1.02%
- YTD
- -0.09%
- 6M
- 0.31%
- 1Y
- 4.74%
- 3Y*
- 5.83%
- 5Y*
- -0.77%
- 10Y*
- 1.80%
CBS5.L
- 1D
- 0.08%
- 1M
- 1.07%
- YTD
- 0.50%
- 6M
- 0.10%
- 1Y
- 5.17%
- 3Y*
- 2.47%
- 5Y*
- —
- 10Y*
- —
SLXX.L vs. CBS5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | -0.09% | 6.50% | 1.60% | 8.54% | -9.49% |
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.50% | -0.23% | 6.03% | 0.27% | 2.22% |
Correlation
The correlation between SLXX.L and CBS5.L is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | -0.07 |
The correlation between SLXX.L and CBS5.L shifts across timeframes, from -0.20 (1 year) to -0.04 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SLXX.L vs. CBS5.L — Risk / Return Rank
SLXX.L
CBS5.L
SLXX.L vs. CBS5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core £ Corp Bond UCITS ETF (SLXX.L) and UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.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.
| SLXX.L | CBS5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.18 | -0.07 |
| Martin ratioReturn relative to average drawdown | 3.47 | 3.05 | +0.41 |
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
| SLXX.L | CBS5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.88 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.27 | +0.17 |
Drawdowns
SLXX.L vs. CBS5.L - Drawdown Comparison
The maximum SLXX.L drawdown since its inception was -30.27%, which is greater than CBS5.L's maximum drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for SLXX.L and CBS5.L.
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Drawdown Indicators
| SLXX.L | CBS5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | -14.59% | -15.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -4.35% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -8.03% | +3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.27% | — | — |
Current DrawdownCurrent decline from peak | -8.12% | -3.08% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -6.29% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.69% | -0.32% |
Volatility
SLXX.L vs. CBS5.L - Volatility Comparison
iShares Core £ Corp Bond UCITS ETF (SLXX.L) has a higher volatility of 2.11% compared to UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) at 1.56%. This indicates that SLXX.L's price experiences larger fluctuations and is considered to be riskier than CBS5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLXX.L | CBS5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 1.56% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 4.28% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 5.82% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 7.94% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 7.94% | +0.14% |
SLXX.L vs. CBS5.L - Expense Ratio Comparison
Both SLXX.L and CBS5.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
SLXX.L vs. CBS5.L - Dividend Comparison
SLXX.L's dividend yield for the trailing twelve months is around 4.93%, while CBS5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLXX.L iShares Core £ Corp Bond UCITS ETF | 4.93% | 4.82% | 4.68% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% |
Frequently Asked Questions
SLXX.L and CBS5.L have a correlation of -0.20, 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.
SLXX.L and CBS5.L have the same expense ratio: 0.20% per year.
SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index, while CBS5.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and UBS.
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