SUKC.L vs. IEBC.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) are both European Corporate Bonds funds - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while IEBC.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 10 years, SUKC.L returned 2.28%/yr vs 0.81%/yr for IEBC.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SUKC.L vs. IEBC.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUKC.L achieves a 1.17% return, which is significantly higher than IEBC.L's -4.05% return. Over the past 10 years, SUKC.L has outperformed IEBC.L with an annualized return of 2.28%, while IEBC.L has yielded a comparatively lower 0.81% annualized 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%
IEBC.L
- 1D
- -0.77%
- 1M
- -2.25%
- 6M
- -3.64%
- YTD
- -4.05%
- 1Y
- -2.33%
- 3Y*
- 3.54%
- 5Y*
- -0.62%
- 10Y*
- 0.81%
SUKC.L vs. IEBC.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 | 1.17% | 6.37% | 4.84% | 7.17% | -5.78% | -0.79% | 3.08% | 4.66% | -0.45% | 1.76% |
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | -4.05% | 8.80% | -0.69% | 5.43% | -8.52% | -7.98% | 8.83% | 0.98% | -0.58% | 5.75% |
Correlation
The correlation between SUKC.L and IEBC.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2014 | 0.29 |
The correlation between SUKC.L and IEBC.L shifts across timeframes, from 0.14 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUKC.L vs. IEBC.L — Risk / Return Rank
SUKC.L
IEBC.L
SUKC.L vs. IEBC.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 (Dist) (IEBC.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 | IEBC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.93 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | -0.44 | +2.10 |
| Martin ratioReturn relative to average drawdown | 4.02 | -0.90 | +4.91 |
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Drawdowns
SUKC.L vs. IEBC.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.60%, smaller than the maximum IEBC.L drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for SUKC.L and IEBC.L.
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Drawdown Indicators
| SUKC.L | IEBC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -21.51% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -5.31% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.07% | -5.31% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -11.60% | -16.92% | +5.32% |
Max Drawdown (10Y)Largest decline over 10 years | -11.60% | -21.51% | +9.91% |
Current DrawdownCurrent decline from peak | -0.41% | -9.44% | +9.03% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -7.74% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.60% | -1.74% |
Volatility
SUKC.L vs. IEBC.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 1.05%, while iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) has a volatility of 1.23%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than IEBC.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 | IEBC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.23% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 4.06% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 4.91% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 6.23% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 7.28% | -2.75% |
SUKC.L vs. IEBC.L - Expense Ratio Comparison
Both SUKC.L and IEBC.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. IEBC.L - Dividend Comparison
SUKC.L's dividend yield for the trailing twelve months is around 4.67%, more than IEBC.L's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 1.65% | 3.21% | 3.49% | 2.51% | 0.79% | 0.84% | 0.82% | 1.15% | 0.97% | 1.51% | 1.53% | 0.87% |
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 IEBC.L have a correlation of 0.14, 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 IEBC.L have the same expense ratio: 0.20% per year.
SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while IEBC.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and iShares.
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