SUKC.L vs. UKCO.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and UKCO.L (SPDR Bloomberg Sterling 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 UKCO.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 10 years, SUKC.L returned 2.42%/yr vs 1.90%/yr for UKCO.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SUKC.L vs. UKCO.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUKC.L achieves a 1.35% return, which is significantly higher than UKCO.L's 1.04% return. Over the past 10 years, SUKC.L has outperformed UKCO.L with an annualized return of 2.42%, while UKCO.L has yielded a comparatively lower 1.90% annualized return.
SUKC.L
- 1D
- -0.10%
- 1M
- 0.58%
- YTD
- 1.35%
- 6M
- 1.72%
- 1Y
- 4.59%
- 3Y*
- 6.73%
- 5Y*
- 2.57%
- 10Y*
- 2.42%
UKCO.L
- 1D
- -0.02%
- 1M
- 1.39%
- YTD
- 1.04%
- 6M
- 1.41%
- 1Y
- 4.63%
- 3Y*
- 6.49%
- 5Y*
- -0.73%
- 10Y*
- 1.90%
SUKC.L vs. UKCO.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 | 1.35% | 6.37% | 4.84% | 7.17% | -5.78% | -0.79% | 3.08% | 4.66% | -0.45% | 1.76% |
UKCO.L SPDR Bloomberg Sterling Corporate Bond UCITS ETF | 1.04% | 6.81% | 1.66% | 8.84% | -19.34% | -3.36% | 8.76% | 11.27% | -2.43% | 4.28% |
Correlation
The correlation between SUKC.L and UKCO.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2014 | 0.58 |
The correlation between SUKC.L and UKCO.L shifts across timeframes, from 0.46 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUKC.L vs. UKCO.L — Risk / Return Rank
SUKC.L
UKCO.L
SUKC.L vs. UKCO.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 Sterling Corporate Bond UCITS ETF (UKCO.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 | UKCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.10 | +1.11 |
| Martin ratioReturn relative to average drawdown | 5.26 | 3.10 | +2.16 |
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Drawdowns
SUKC.L vs. UKCO.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.60%, smaller than the maximum UKCO.L drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for SUKC.L and UKCO.L.
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Drawdown Indicators
| SUKC.L | UKCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -30.78% | +19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -4.19% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -2.07% | -4.19% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.60% | -29.89% | +18.29% |
Max Drawdown (10Y)Largest decline over 10 years | -11.60% | -30.78% | +19.18% |
Current DrawdownCurrent decline from peak | -0.10% | -7.20% | +7.10% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -6.37% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.49% | -0.62% |
Volatility
SUKC.L vs. UKCO.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 1.03%, while SPDR Bloomberg Sterling Corporate Bond UCITS ETF (UKCO.L) has a volatility of 1.53%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than UKCO.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 | UKCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.53% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 4.82% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 5.75% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 7.83% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 8.24% | -3.72% |
SUKC.L vs. UKCO.L - Expense Ratio Comparison
Both SUKC.L and UKCO.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. UKCO.L - Dividend Comparison
SUKC.L's dividend yield for the trailing twelve months is around 4.66%, more than UKCO.L's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUKC.L SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.66% | 4.61% | 4.41% | 3.05% | 1.76% | 1.77% | 1.97% | 1.93% | 1.88% | 2.43% | 2.40% | 2.55% |
UKCO.L SPDR Bloomberg Sterling Corporate Bond UCITS ETF | 4.56% | 4.39% | 4.11% | 3.30% | 2.79% | 2.28% | 2.40% | 2.51% | 2.69% | 3.09% | 3.17% | 3.50% |
Frequently Asked Questions
SUKC.L and UKCO.L have a correlation of 0.46, 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 UKCO.L have the same expense ratio: 0.20% per year.
SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while UKCO.L tracks Markit iBoxx GBP NonGilts TR.
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