SUKC.L vs. HYGU.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and HYGU.L (iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc)) are both exchange-traded funds - SUKC.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR, while HYGU.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index (EUR). Both are passively managed. Over the past 5 years, SUKC.L returned 2.52%/yr vs 5.04%/yr for HYGU.L. At a 0.08 correlation, their price movements are largely independent. SUKC.L charges 0.20%/yr vs 0.55%/yr for HYGU.L.
Performance
SUKC.L vs. HYGU.L - Performance Comparison
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Different Trading Currencies
SUKC.L is traded in GBP, while HYGU.L is traded in USD. To make them comparable, the HYGU.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 1.21% return, which is significantly lower than HYGU.L's 2.21% return.
SUKC.L
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 0.87%
- YTD
- 1.21%
- 1Y
- 4.20%
- 3Y*
- 6.28%
- 5Y*
- 2.52%
- 10Y*
- 2.29%
HYGU.L
- 1D
- 0.03%
- 1M
- -1.09%
- 6M
- 1.48%
- YTD
- 2.21%
- 1Y
- 4.82%
- 3Y*
- 6.89%
- 5Y*
- 5.04%
- 10Y*
- —
SUKC.L vs. HYGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 1.21% | 6.37% | 4.84% | 7.17% | -5.78% | -0.79% | 3.08% | 4.66% | -0.45% | 0.49% |
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) | 2.21% | -0.40% | 9.16% | 7.87% | 3.91% | 4.70% | -0.84% | 8.53% | 5.02% | -1.67% |
Correlation
The correlation between SUKC.L and HYGU.L is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.08 |
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Return for Risk
SUKC.L vs. HYGU.L — Risk / Return Rank
SUKC.L
HYGU.L
SUKC.L vs. HYGU.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 iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.12 | +0.90 |
| Martin ratioReturn relative to average drawdown | 4.86 | 2.79 | +2.08 |
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Drawdowns
SUKC.L vs. HYGU.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.60%, smaller than the maximum HYGU.L drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for SUKC.L and HYGU.L.
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Drawdown Indicators
| SUKC.L | HYGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -19.14% | +7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -4.27% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.07% | -8.35% | +6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -11.60% | -9.08% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -11.60% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.99% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -3.90% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.72% | -0.86% |
Volatility
SUKC.L vs. HYGU.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 0.84%, while iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.L) has a volatility of 1.62%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than HYGU.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 | HYGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.62% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 5.11% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 6.78% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 8.40% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 9.42% | -4.89% |
SUKC.L vs. HYGU.L - Expense Ratio Comparison
SUKC.L has a 0.20% expense ratio, which is lower than HYGU.L's 0.55% expense ratio.
Dividends
SUKC.L vs. HYGU.L - Dividend Comparison
SUKC.L's dividend yield for the trailing twelve months is around 4.67%, while HYGU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF USD Hedged (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% |
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 HYGU.L have a correlation of -0.00, 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 0.55% for HYGU.L.
SUKC.L is categorized as European Corporate Bonds, while HYGU.L is European High Yield Bonds. SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while HYGU.L tracks Markit iBoxx Euro Liquid High Yield Index (EUR). They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SUKC.L and 0.55% for HYGU.L.
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