SUKC.L vs. IEAA.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both European Corporate Bonds funds - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while IEAA.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SUKC.L returned 1.49%/yr vs 0.23%/yr for IEAA.L. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SUKC.L vs. IEAA.L - Performance Comparison
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Different Trading Currencies
SUKC.L is traded in GBP, while IEAA.L is traded in EUR. To make them comparable, the IEAA.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 -1.46% return, which is significantly lower than IEAA.L's -0.18% return.
SUKC.L
- 1D
- 0.21%
- 1M
- 1.11%
- YTD
- -1.46%
- 6M
- -1.58%
- 1Y
- -0.24%
- 3Y*
- 4.56%
- 5Y*
- 1.49%
- 10Y*
- 1.84%
IEAA.L
- 1D
- 0.25%
- 1M
- 1.01%
- YTD
- -0.18%
- 6M
- -0.54%
- 1Y
- 4.72%
- 3Y*
- 4.74%
- 5Y*
- 0.23%
- 10Y*
- —
SUKC.L vs. IEAA.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 | -1.46% | 3.90% | 4.82% | 7.17% | -5.78% | -0.79% | 3.08% | 4.66% | -0.43% | 0.64% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -0.18% | 8.62% | -0.44% | 5.36% | -8.93% | -6.97% | 8.50% | 0.21% | -0.51% | 1.42% |
Correlation
The correlation between SUKC.L and IEAA.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | 0.26 |
The correlation between SUKC.L and IEAA.L shifts across timeframes, from 0.13 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUKC.L vs. IEAA.L — Risk / Return Rank
SUKC.L
IEAA.L
SUKC.L vs. IEAA.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 Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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.
| SUKC.L | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.25 | -1.32 |
| Martin ratioReturn relative to average drawdown | -0.12 | 3.22 | -3.34 |
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
| SUKC.L | IEAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.96 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.04 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.09 | +0.39 |
Drawdowns
SUKC.L vs. IEAA.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.63%, smaller than the maximum IEAA.L drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for SUKC.L and IEAA.L.
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Drawdown Indicators
| SUKC.L | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.63% | -21.43% | +9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -3.75% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -3.75% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -11.63% | -16.80% | +5.17% |
Max Drawdown (10Y)Largest decline over 10 years | -11.63% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -5.98% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -8.94% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.46% | +0.56% |
Volatility
SUKC.L vs. IEAA.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 1.17%, while iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) has a volatility of 1.67%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than IEAA.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 | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.67% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 3.74% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 4.90% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 6.31% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 6.91% | -2.28% |
SUKC.L vs. IEAA.L - Expense Ratio Comparison
Both SUKC.L and IEAA.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
SUKC.L vs. IEAA.L - Dividend Comparison
Neither SUKC.L nor IEAA.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (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 | 0.00% | 2.29% | 4.41% | 3.05% | 1.76% | 1.77% | 1.97% | 1.93% | 1.88% | 2.44% | 2.40% | 2.55% |
Frequently Asked Questions
SUKC.L and IEAA.L have a correlation of 0.13, 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.
SUKC.L and IEAA.L have the same expense ratio: 0.20% per year.
SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while IEAA.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and iShares.
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