SLXX.L vs. USDC.L
SLXX.L (iShares Core £ Corp Bond UCITS ETF) and USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD Distributing) are both Corporate Bonds funds - SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index while USDC.L tracks the L&G USD Corporate Bond Screened UCITS ETF USD Distributing. Both are passively managed. Over the past 5 years, SLXX.L returned -1.16%/yr vs 0.54%/yr for USDC.L. At a 0.30 correlation, their price movements are largely independent. SLXX.L charges 0.20%/yr vs 0.09%/yr for USDC.L.
Performance
SLXX.L vs. USDC.L - Performance Comparison
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Different Trading Currencies
SLXX.L is traded in GBP, while USDC.L is traded in USD. To make them comparable, the USDC.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 -0.11% return, which is significantly higher than USDC.L's -2.21% return.
SLXX.L
- 1D
- 0.00%
- 1M
- -0.55%
- 6M
- -0.92%
- YTD
- -0.11%
- 1Y
- 4.02%
- 3Y*
- 5.99%
- 5Y*
- -1.16%
- 10Y*
- 1.19%
USDC.L
- 1D
- 0.40%
- 1M
- -0.97%
- 6M
- -0.52%
- YTD
- -2.21%
- 1Y
- 1.76%
- 3Y*
- 3.34%
- 5Y*
- 0.54%
- 10Y*
- —
SLXX.L vs. USDC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | -0.11% | 6.50% | 1.60% | 8.54% | -18.36% | -2.96% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | -2.21% | -0.23% | 4.93% | 2.93% | -3.67% | -0.05% |
Correlation
The correlation between SLXX.L and USDC.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021 | 0.30 |
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Return for Risk
SLXX.L vs. USDC.L — Risk / Return Rank
SLXX.L
USDC.L
SLXX.L vs. USDC.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 L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLXX.L | USDC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.24 | +0.70 |
| Martin ratioReturn relative to average drawdown | 2.86 | 0.52 | +2.34 |
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Drawdowns
SLXX.L vs. USDC.L - Drawdown Comparison
The maximum SLXX.L drawdown since its inception was -30.27%, which is greater than USDC.L's maximum drawdown of -13.86%. Use the drawdown chart below to compare losses from any high point for SLXX.L and USDC.L.
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Drawdown Indicators
| SLXX.L | USDC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | -13.86% | -16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -7.37% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -8.93% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -13.86% | -15.48% |
Max Drawdown (10Y)Largest decline over 10 years | -30.27% | — | — |
Current DrawdownCurrent decline from peak | -8.14% | -4.86% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -5.59% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 3.39% | -1.99% |
Volatility
SLXX.L vs. USDC.L - Volatility Comparison
The current volatility for iShares Core £ Corp Bond UCITS ETF (SLXX.L) is 1.49%, while L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) has a volatility of 2.10%. This indicates that SLXX.L experiences smaller price fluctuations and is considered to be less risky than USDC.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 | USDC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 2.10% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 5.82% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 7.83% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 9.02% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.05% | 8.90% | -0.85% |
SLXX.L vs. USDC.L - Expense Ratio Comparison
SLXX.L has a 0.20% expense ratio, which is higher than USDC.L's 0.09% 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. USDC.L - Dividend Comparison
SLXX.L's dividend yield for the trailing twelve months is around 5.04%, more than USDC.L's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | 5.04% | 4.82% | 4.68% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | 4.82% | 4.47% | 4.08% | 3.24% | 2.36% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLXX.L and USDC.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USDC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USDC.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SLXX.L.
SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index, while USDC.L tracks L&G USD Corporate Bond Screened UCITS ETF USD Distributing. They also come from different issuers: iShares and L&G. Their fees differ too: 0.20% for SLXX.L and 0.09% for USDC.L.
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