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SUKC.L vs. SEUC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUKC.L vs. SEUC.L

Last updated Jun 5, 2026

SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds from State Street - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, SUKC.L returned 1.84%/yr vs 1.85%/yr for SEUC.L. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SUKC.L vs. SEUC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SUKC.L is traded in GBP, while SEUC.L is traded in EUR. To make them comparable, the SEUC.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 SEUC.L's -0.19% return. Both investments have delivered pretty close results over the past 10 years, with SUKC.L having a 1.84% annualized return and SEUC.L not far ahead at 1.85%.

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%

SEUC.L

1D
0.17%
1M
0.58%
YTD
-0.19%
6M
-0.27%
1Y
4.67%
3Y*
3.87%
5Y*
1.74%
10Y*
1.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SUKC.L vs. SEUC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%1.73%
SEUC.L
SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF		-0.19%8.55%-0.52%2.10%1.44%-6.18%5.89%-4.93%0.45%4.34%

Correlation

The correlation between SUKC.L and SEUC.L is -0.03, 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

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2014

0.10

The correlation between SUKC.L and SEUC.L shifts across timeframes, from -0.03 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

SUKC.L vs. SEUC.L - Sectors Allocation Comparison

Sectors
SUKC.L
SEUC.L

Financial Services

36.3%
27.8%

Consumer Cyclical

3.8%
4.8%

Communication Services

3.5%
2.2%

Real Estate

3.2%
2.4%

Consumer Defensive

2.0%
3.4%

Industrials

1.3%
4.9%

Healthcare

1.2%
3.0%

Utilities

1.0%
2.1%

Technology

0.4%
1.1%

Basic Materials

0.3%
1.6%

Energy

0.2%
1.1%

Financial Services

SUKC.L
36.3%
SEUC.L
27.8%

Consumer Cyclical

SUKC.L
3.8%
SEUC.L
4.8%

Communication Services

SUKC.L
3.5%
SEUC.L
2.2%

Real Estate

SUKC.L
3.2%
SEUC.L
2.4%

Consumer Defensive

SUKC.L
2.0%
SEUC.L
3.4%

Industrials

SUKC.L
1.3%
SEUC.L
4.9%

Healthcare

SUKC.L
1.2%
SEUC.L
3.0%

Utilities

SUKC.L
1.0%
SEUC.L
2.1%

Technology

SUKC.L
0.4%
SEUC.L
1.1%

Basic Materials

SUKC.L
0.3%
SEUC.L
1.6%

Energy

SUKC.L
0.2%
SEUC.L
1.1%

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SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF

SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF

Often compared with SUKC.L:
SUKC.L vs. TI5G.LSUKC.L vs. IGCB.LSUKC.L vs. SWDA.LSUKC.L vs. XBLC.LSUKC.L vs. GBP5.LSUKC.L vs. UDVD.LSUKC.L vs. ACWI.L
Often compared with SEUC.L:
SEUC.L vs. IEAC.ASSEUC.L vs. IBCX.LSEUC.L vs. J15R.LSEUC.L vs. VYMISEUC.L vs. ECRP.LSEUC.L vs. IGCB.LSEUC.L vs. VECA.L

Return for Risk

SUKC.L vs. SEUC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SUKC.L
SUKC.L Risk / Return Rank: 88
Overall Rank
SUKC.L Sharpe Ratio Rank: 99
Sharpe Ratio Rank
SUKC.L Sortino Ratio Rank: 88
Sortino Ratio Rank
SUKC.L Omega Ratio Rank: 88
Omega Ratio Rank
SUKC.L Calmar Ratio Rank: 88
Calmar Ratio Rank
SUKC.L Martin Ratio Rank: 99
Martin Ratio Rank
SEUC.L
SEUC.L Risk / Return Rank: 5757
Overall Rank
SEUC.L Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SEUC.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
SEUC.L Omega Ratio Rank: 6969
Omega Ratio Rank
SEUC.L Calmar Ratio Rank: 4747
Calmar Ratio Rank
SEUC.L Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SUKC.L vs. SEUC.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 SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.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.LSEUC.LDifference
Sharpe ratioReturn per unit of total volatility
-0.03
1.14

-1.17

Sortino ratioReturn per unit of downside risk
0.00
1.73

-1.73

Omega ratioGain probability vs. loss probability

1.00

1.20

-0.20

Calmar ratioReturn relative to maximum drawdown

-0.06

2.06

-2.13

Martin ratioReturn relative to average drawdown

-0.12

4.57

-4.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUKC.L vs. SEUC.L - Sharpe Ratio Comparison

The current SUKC.L Sharpe Ratio is -0.03, which is lower than the SEUC.L Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of SUKC.L and SEUC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SUKC.LSEUC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.03

1.14

-1.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.32

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.26

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.15

+0.34

Drawdowns

SUKC.L vs. SEUC.L - Drawdown Comparison

The maximum SUKC.L drawdown since its inception was -11.63%, smaller than the maximum SEUC.L drawdown of -17.58%. Use the drawdown chart below to compare losses from any high point for SUKC.L and SEUC.L.

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Drawdown Indicators

SUKC.LSEUC.LDifference

Max Drawdown

Largest peak-to-trough decline

-11.63%

-17.58%

+5.95%

Max Drawdown (1Y)

Largest decline over 1 year

-3.75%

-2.25%

-1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-3.75%

-2.84%

-0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-11.63%

-5.79%

-5.84%

Max Drawdown (10Y)

Largest decline over 10 years

-11.63%

-12.34%

+0.71%

Current Drawdown

Current decline from peak

-2.11%

-1.25%

-0.86%

Average Drawdown

Average peak-to-trough decline

-1.41%

-6.39%

+4.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

1.02%

+1.00%

Volatility

SUKC.L vs. SEUC.L - Volatility Comparison

SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) have volatilities of 1.17% and 1.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SUKC.LSEUC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.17%

1.16%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

4.45%

2.78%

+1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

6.88%

4.09%

+2.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.72%

5.40%

-0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.63%

7.10%

-2.47%

SUKC.L vs. SEUC.L - Expense Ratio Comparison

Both SUKC.L and SEUC.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. SEUC.L - Dividend Comparison

SUKC.L has not paid dividends to shareholders, while SEUC.L's dividend yield for the trailing twelve months is around 2.96%.

PositionTTM20252024202320222021202020192018201720162015
SEUC.L
SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF		2.96%3.05%2.59%1.27%0.19%0.30%0.23%0.17%0.11%0.28%0.50%0.72%
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 SEUC.L have a correlation of -0.03, 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 SEUC.L have the same expense ratio: 0.20% per year.

SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR.

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