SUKC.L vs. IRCP.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while IRCP.L tracks the Bloomberg MSCI EUR Corporate Interest Rate Hedged ESG SRI Index. Both are passively managed. Over the past 10 years, SUKC.L returned 2.29%/yr vs 1.68%/yr for IRCP.L. At a 0.09 correlation, their price movements are largely independent. SUKC.L charges 0.20%/yr vs 0.25%/yr for IRCP.L.
Performance
SUKC.L vs. IRCP.L - Performance Comparison
Loading charts...
Different Trading Currencies
SUKC.L is traded in GBP, while IRCP.L is traded in EUR. To make them comparable, the IRCP.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 higher than IRCP.L's -1.09% return. Over the past 10 years, SUKC.L has outperformed IRCP.L with an annualized return of 2.29%, while IRCP.L has yielded a comparatively lower 1.68% annualized 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%
IRCP.L
- 1D
- 0.11%
- 1M
- -1.28%
- 6M
- -0.66%
- YTD
- -1.09%
- 1Y
- 1.33%
- 3Y*
- 4.68%
- 5Y*
- 2.55%
- 10Y*
- 1.68%
SUKC.L vs. IRCP.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% | 1.76% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | -1.09% | 9.79% | 1.63% | 3.04% | 2.28% | -6.16% | 6.54% | -1.90% | -2.68% | 5.79% |
Correlation
The correlation between SUKC.L and IRCP.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2014 | 0.09 |
The correlation between SUKC.L and IRCP.L shifts across timeframes, from -0.02 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SUKC.L vs. IRCP.L — Risk / Return Rank
SUKC.L
IRCP.L
SUKC.L vs. IRCP.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 € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.05 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.52 | +1.50 |
| Martin ratioReturn relative to average drawdown | 4.86 | 1.51 | +3.36 |
Loading charts...
Drawdowns
SUKC.L vs. IRCP.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.60%, smaller than the maximum IRCP.L drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for SUKC.L and IRCP.L.
Loading charts...
Drawdown Indicators
| SUKC.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -19.15% | +7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -2.55% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -2.07% | -2.55% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -11.60% | -8.09% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -11.60% | -12.86% | +1.26% |
Current DrawdownCurrent decline from peak | -0.37% | -2.16% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -5.61% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.88% | -0.02% |
Volatility
SUKC.L vs. IRCP.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 0.84%, while iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) has a volatility of 1.09%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than IRCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SUKC.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.09% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 3.51% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 4.65% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 6.05% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 7.09% | -2.56% |
SUKC.L vs. IRCP.L - Expense Ratio Comparison
SUKC.L has a 0.20% expense ratio, which is lower than IRCP.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SUKC.L vs. IRCP.L - Dividend Comparison
SUKC.L's dividend yield for the trailing twelve months is around 4.67%, more than IRCP.L's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
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 IRCP.L have a correlation of -0.02, 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 0.25% for IRCP.L.
SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while IRCP.L tracks Bloomberg MSCI EUR Corporate Interest Rate Hedged ESG SRI Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SUKC.L and 0.25% for IRCP.L.
Find the right allocation for SUKC.L and IRCP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer