SUKC.L vs. JRBE.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and JRBE.L (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while JRBE.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SUKC.L returned 1.49%/yr vs 0.30%/yr for JRBE.L. At a 0.29 correlation, their price movements are largely independent. SUKC.L charges 0.20%/yr vs 0.04%/yr for JRBE.L.
Performance
SUKC.L vs. JRBE.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUKC.L achieves a -1.46% return, which is significantly lower than JRBE.L's -0.44% return.
SUKC.L
- 1D
- 0.21%
- 1M
- 0.45%
- YTD
- -1.46%
- 6M
- -1.01%
- 1Y
- -0.20%
- 3Y*
- 4.56%
- 5Y*
- 1.49%
- 10Y*
- 1.84%
JRBE.L
- 1D
- 0.22%
- 1M
- 0.40%
- YTD
- -0.44%
- 6M
- -0.39%
- 1Y
- 5.13%
- 3Y*
- 4.75%
- 5Y*
- 0.30%
- 10Y*
- —
SUKC.L vs. JRBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.20% |
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | -0.44% | 8.52% | -0.35% | 5.53% | -8.30% | -7.59% | 8.06% | 0.11% | 0.48% |
Correlation
The correlation between SUKC.L and JRBE.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.29 |
Over the past year, the correlation between SUKC.L and JRBE.L has dropped to 0.09 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
SUKC.L vs. JRBE.L — Risk / Return Rank
SUKC.L
JRBE.L
SUKC.L vs. JRBE.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 JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.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 | JRBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.18 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.22 | -1.28 |
| Martin ratioReturn relative to average drawdown | -0.12 | 3.13 | -3.24 |
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 | JRBE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.01 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.05 | +0.27 |
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 | +0.40 |
Drawdowns
SUKC.L vs. JRBE.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.63%, smaller than the maximum JRBE.L drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for SUKC.L and JRBE.L.
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Drawdown Indicators
| SUKC.L | JRBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.63% | -21.46% | +9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -3.97% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -3.97% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -11.63% | -16.77% | +5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -11.63% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -5.72% | +3.61% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -9.85% | +8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.55% | +0.47% |
Volatility
SUKC.L vs. JRBE.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 1.17%, while JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JRBE.L) has a volatility of 1.46%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than JRBE.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 | JRBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.46% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 3.67% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 4.76% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 6.15% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 7.10% | -2.47% |
SUKC.L vs. JRBE.L - Expense Ratio Comparison
SUKC.L has a 0.20% expense ratio, which is higher than JRBE.L's 0.04% expense ratio. However, 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. JRBE.L - Dividend Comparison
Neither SUKC.L nor JRBE.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRBE.L JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 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 JRBE.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRBE.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRBE.L is cheaper with a 0.04% expense ratio, compared with 0.20% for SUKC.L.
SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while JRBE.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.20% for SUKC.L and 0.04% for JRBE.L.
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