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SUKC.L vs. XZE5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUKC.L vs. XZE5.L

Last updated Jun 5, 2026

SUKC.L (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and XZE5.L (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) are both European Corporate Bonds funds - SUKC.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while XZE5.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. At a 0.17 correlation, their price movements are largely independent. SUKC.L charges 0.20%/yr vs 0.16%/yr for XZE5.L.

Performance

SUKC.L vs. XZE5.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 Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

XZE5.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SUKC.L vs. XZE5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SUKC.L
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF		-1.46%3.90%4.82%7.17%-5.78%-0.79%1.96%
XZE5.L
Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C		-0.42%8.64%-0.59%3.12%-1.52%-6.82%-0.17%

Correlation

The correlation between SUKC.L and XZE5.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

0.10

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

0.17

Correlation (All Time)
Calculated using the full available price history since Jul 30, 2020

0.17

The correlation between SUKC.L and XZE5.L shifts across timeframes, from -0.02 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF

Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C

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 XZE5.L:
XZE5.L vs. IGBE.LXZE5.L vs. IS15.LXZE5.L vs. GBP5.LXZE5.L vs. SEUC.LXZE5.L vs. IEAA.LXZE5.L vs. IGCB.LXZE5.L vs. J15R.L

Return for Risk

SUKC.L vs. XZE5.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
XZE5.L
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. XZE5.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 Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.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.LXZE5.LDifference
Sharpe ratioReturn per unit of total volatility
-0.03

—

—

Sortino ratioReturn per unit of downside risk
0.00

—

—

Omega ratioGain probability vs. loss probability

1.00

—

—

Calmar ratioReturn relative to maximum drawdown

-0.06

—

—

Martin ratioReturn relative to average drawdown

-0.12

—

—

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. XZE5.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SUKC.LXZE5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.03

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

—

—

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

—

—

Drawdowns

SUKC.L vs. XZE5.L - Drawdown Comparison

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Drawdown Indicators

SUKC.LXZE5.LDifference

Max Drawdown

Largest peak-to-trough decline

-11.63%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-3.75%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-3.75%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-11.63%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-11.63%

—

—

Current Drawdown

Current decline from peak

-2.11%

—

—

Average Drawdown

Average peak-to-trough decline

-1.41%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

—

—

Volatility

SUKC.L vs. XZE5.L - Volatility Comparison

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Volatility by Period

SUKC.LXZE5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.17%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

4.45%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

6.88%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.72%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.63%

—

—

SUKC.L vs. XZE5.L - Expense Ratio Comparison

SUKC.L has a 0.20% expense ratio, which is higher than XZE5.L's 0.16% 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. XZE5.L - Dividend Comparison

Neither SUKC.L nor XZE5.L has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
XZE5.L
Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SUKC.L and XZE5.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, XZE5.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XZE5.L is cheaper with a 0.16% expense ratio, compared with 0.20% for SUKC.L.

SUKC.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while XZE5.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.20% for SUKC.L and 0.16% for XZE5.L.

Portfolio Optimizer

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