SLXX.L vs. SUSD.L
SLXX.L (iShares Core £ Corp Bond UCITS ETF) and SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds - SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index while SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 10 years, SLXX.L returned 1.80%/yr vs 3.36%/yr for SUSD.L. At a 0.04 correlation, their price movements are largely independent. SLXX.L charges 0.20%/yr vs 0.12%/yr for SUSD.L.
Performance
SLXX.L vs. SUSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SLXX.L achieves a -0.09% return, which is significantly lower than SUSD.L's 1.34% return. Over the past 10 years, SLXX.L has underperformed SUSD.L with an annualized return of 1.80%, while SUSD.L has yielded a comparatively higher 3.36% annualized return.
SLXX.L
- 1D
- 0.21%
- 1M
- 2.07%
- YTD
- -0.09%
- 6M
- 0.15%
- 1Y
- 4.74%
- 3Y*
- 5.83%
- 5Y*
- -0.77%
- 10Y*
- 1.80%
SUSD.L
- 1D
- 0.05%
- 1M
- 1.28%
- YTD
- 1.34%
- 6M
- 0.97%
- 1Y
- 5.41%
- 3Y*
- 2.52%
- 5Y*
- 4.04%
- 10Y*
- 3.36%
SLXX.L vs. SUSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | -0.09% | 6.50% | 1.60% | 8.54% | -18.36% | -4.01% | 9.03% | 11.30% | -2.77% | 4.24% |
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 1.34% | -1.69% | 7.18% | -0.46% | 9.68% | 1.10% | -0.39% | 1.34% | 7.32% | -7.71% |
Correlation
The correlation between SLXX.L and SUSD.L is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2013 | 0.04 |
The correlation between SLXX.L and SUSD.L shifts across timeframes, from -0.30 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SLXX.L vs. SUSD.L — Risk / Return Rank
SLXX.L
SUSD.L
SLXX.L vs. SUSD.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 SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.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 | SUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.26 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.47 | 3.31 | +0.16 |
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 | SUSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.87 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.49 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.37 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.40 | +0.04 |
Drawdowns
SLXX.L vs. SUSD.L - Drawdown Comparison
The maximum SLXX.L drawdown since its inception was -30.27%, which is greater than SUSD.L's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for SLXX.L and SUSD.L.
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Drawdown Indicators
| SLXX.L | SUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | -15.18% | -15.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -4.27% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -9.03% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -15.18% | -14.16% |
Max Drawdown (10Y)Largest decline over 10 years | -30.27% | -15.18% | -15.09% |
Current DrawdownCurrent decline from peak | -8.12% | -3.84% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -5.84% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.63% | -0.26% |
Volatility
SLXX.L vs. SUSD.L - Volatility Comparison
iShares Core £ Corp Bond UCITS ETF (SLXX.L) has a higher volatility of 2.11% compared to SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) at 1.75%. This indicates that SLXX.L's price experiences larger fluctuations and is considered to be riskier than SUSD.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 | SUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 1.75% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 4.50% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 6.19% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 8.17% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 9.23% | -1.15% |
SLXX.L vs. SUSD.L - Expense Ratio Comparison
SLXX.L has a 0.20% expense ratio, which is higher than SUSD.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
SLXX.L vs. SUSD.L - Dividend Comparison
SLXX.L's dividend yield for the trailing twelve months is around 4.93%, more than SUSD.L's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.60% | 4.91% | 4.20% | 3.11% | 1.14% | 1.80% | 2.77% | 2.57% | 1.66% | 1.74% | 1.28% | 1.00% |
Frequently Asked Questions
SLXX.L and SUSD.L have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUSD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUSD.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SLXX.L.
SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index, while SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SLXX.L and 0.12% for SUSD.L.
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