SUKC.L vs. EHYB.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and EHYB.L (Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while EHYB.L tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index (EUR). Both are passively managed. Over the past 5 years, SUKC.L returned 2.51%/yr vs 1.48%/yr for EHYB.L. At a 0.18 correlation, their price movements are largely independent. SUKC.L charges 0.20%/yr vs 0.39%/yr for EHYB.L.
Performance
SUKC.L vs. EHYB.L - Performance Comparison
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Different Trading Currencies
SUKC.L is traded in GBP, while EHYB.L is traded in GBp. To make them comparable, the EHYB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUKC.L achieves a 1.17% return, which is significantly higher than EHYB.L's -2.20% return.
SUKC.L
- 1D
- 0.10%
- 1M
- 0.17%
- 6M
- 1.45%
- YTD
- 1.17%
- 1Y
- 3.47%
- 3Y*
- 6.35%
- 5Y*
- 2.51%
- 10Y*
- 2.28%
EHYB.L
- 1D
- -0.89%
- 1M
- -2.24%
- 6M
- -1.74%
- YTD
- -2.20%
- 1Y
- 0.65%
- 3Y*
- 7.55%
- 5Y*
- 1.48%
- 10Y*
- —
SUKC.L vs. EHYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 1.17% | 6.37% | 4.84% | 7.17% | -5.78% | -0.79% | 1.37% |
EHYB.L Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) | -2.20% | 10.94% | 5.36% | 7.67% | -10.29% | -5.42% | -6.81% |
Correlation
The correlation between SUKC.L and EHYB.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.18 |
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Return for Risk
SUKC.L vs. EHYB.L — Risk / Return Rank
SUKC.L
EHYB.L
SUKC.L vs. EHYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) and Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) (EHYB.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.
| SUKC.L | EHYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.03 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.16 | +1.51 |
| Martin ratioReturn relative to average drawdown | 4.02 | 0.43 | +3.59 |
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Drawdowns
SUKC.L vs. EHYB.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.60%, smaller than the maximum EHYB.L drawdown of -27.17%. Use the drawdown chart below to compare losses from any high point for SUKC.L and EHYB.L.
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Drawdown Indicators
| SUKC.L | EHYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -27.17% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -4.15% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.07% | -4.15% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -11.60% | -20.05% | +8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -11.60% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -3.50% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -12.42% | +11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.52% | -0.66% |
Volatility
SUKC.L vs. EHYB.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 1.05%, while Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) (EHYB.L) has a volatility of 1.47%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than EHYB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUKC.L | EHYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.47% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.99% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 4.92% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 6.89% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 7.66% | -3.13% |
SUKC.L vs. EHYB.L - Expense Ratio Comparison
SUKC.L has a 0.20% expense ratio, which is lower than EHYB.L's 0.39% expense ratio.
Dividends
SUKC.L vs. EHYB.L - Dividend Comparison
SUKC.L's dividend yield for the trailing twelve months is around 4.67%, more than EHYB.L's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHYB.L Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) | 3.55% | 3.24% | 3.12% | 2.80% | 2.27% | 1.66% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.67% | 4.61% | 4.41% | 3.05% | 1.76% | 1.77% | 1.97% | 1.93% | 1.88% | 2.43% | 2.40% | 2.55% |
Frequently Asked Questions
SUKC.L and EHYB.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUKC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUKC.L is cheaper with a 0.20% expense ratio, compared with 0.39% for EHYB.L.
SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while EHYB.L tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index (EUR). They also come from different issuers: State Street and Invesco. Their fees differ too: 0.20% for SUKC.L and 0.39% for EHYB.L.
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