SUKC.L vs. VECP.L
SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) are both European Corporate Bonds funds - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while VECP.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 10 years, SUKC.L returned 1.84%/yr vs 2.41%/yr for VECP.L. At a 0.28 correlation, their price movements are largely independent. SUKC.L charges 0.20%/yr vs 0.09%/yr for VECP.L.
Performance
SUKC.L vs. VECP.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 VECP.L's -0.48% return. Over the past 10 years, SUKC.L has underperformed VECP.L with an annualized return of 1.84%, while VECP.L has yielded a comparatively higher 2.41% annualized return.
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%
VECP.L
- 1D
- 0.27%
- 1M
- 1.02%
- YTD
- -0.48%
- 6M
- -0.49%
- 1Y
- 4.68%
- 3Y*
- 4.97%
- 5Y*
- 0.73%
- 10Y*
- 2.41%
SUKC.L vs. VECP.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 | -1.46% | 3.90% | 4.82% | 7.17% | -5.78% | -0.79% | 3.08% | 4.66% | -0.43% | 1.73% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -0.48% | 8.47% | 0.17% | 6.15% | -7.51% | -7.24% | 8.80% | 0.94% | -0.08% | 6.20% |
Correlation
The correlation between SUKC.L and VECP.L is 0.08, 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 | 0.08 |
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 26, 2016 | 0.28 |
Over the past year, the correlation between SUKC.L and VECP.L has dropped to 0.08 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
SUKC.L vs. VECP.L — Risk / Return Rank
SUKC.L
VECP.L
SUKC.L vs. VECP.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 Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.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 | VECP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.16 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.21 | -1.27 |
| Martin ratioReturn relative to average drawdown | -0.12 | 3.08 | -3.19 |
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 | VECP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.97 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.12 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.32 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.33 | +0.16 |
Drawdowns
SUKC.L vs. VECP.L - Drawdown Comparison
The maximum SUKC.L drawdown since its inception was -11.63%, smaller than the maximum VECP.L drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for SUKC.L and VECP.L.
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Drawdown Indicators
| SUKC.L | VECP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.63% | -20.56% | +8.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -3.86% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -3.86% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -11.63% | -16.13% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -11.63% | -20.56% | +8.93% |
Current DrawdownCurrent decline from peak | -2.11% | -3.44% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -7.60% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.52% | +0.50% |
Volatility
SUKC.L vs. VECP.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SUKC.L) is 1.17%, while Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) has a volatility of 1.45%. This indicates that SUKC.L experiences smaller price fluctuations and is considered to be less risky than VECP.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 | VECP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.45% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 3.64% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 4.82% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 6.17% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 7.58% | -2.95% |
SUKC.L vs. VECP.L - Expense Ratio Comparison
SUKC.L has a 0.20% expense ratio, which is higher than VECP.L's 0.09% 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. VECP.L - Dividend Comparison
SUKC.L has not paid dividends to shareholders, while VECP.L's dividend yield for the trailing twelve months is around 3.42%.
| 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 | 0.00% | 2.29% | 4.41% | 3.05% | 1.76% | 1.77% | 1.97% | 1.93% | 1.88% | 2.44% | 2.40% | 2.55% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.42% | 3.37% | 4.05% | 3.45% | 2.12% | 0.94% | 0.99% | 0.93% | 1.10% | 1.23% | 1.04% | 0.00% |
Frequently Asked Questions
SUKC.L and VECP.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SUKC.L.
SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while VECP.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.20% for SUKC.L and 0.09% for VECP.L.
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