SUOE.L vs. IEBC.L
SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) and IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) are both European Corporate Bonds funds from iShares tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SUOE.L returned 0.03%/yr vs 0.50%/yr for IEBC.L. A 0.62 correlation means they provide meaningful diversification when combined. SUOE.L charges 0.15%/yr vs 0.20%/yr for IEBC.L.
Performance
SUOE.L vs. IEBC.L - Performance Comparison
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Different Trading Currencies
SUOE.L is traded in EUR, while IEBC.L is traded in GBP. To make them comparable, the IEBC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUOE.L achieves a 0.57% return, which is significantly lower than IEBC.L's 0.76% return.
SUOE.L
- 1D
- 0.15%
- 1M
- 0.35%
- YTD
- 0.57%
- 6M
- 0.57%
- 1Y
- 2.19%
- 3Y*
- 4.51%
- 5Y*
- 0.03%
- 10Y*
- —
IEBC.L
- 1D
- 0.17%
- 1M
- 0.87%
- YTD
- 0.76%
- 6M
- 0.82%
- 1Y
- 2.59%
- 3Y*
- 5.15%
- 5Y*
- 0.50%
- 10Y*
- 1.33%
SUOE.L vs. IEBC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 0.57% | 2.96% | 4.25% | 7.30% | -13.15% | -1.22% | 2.57% | 6.04% | -0.59% |
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 0.78% | 3.72% | 4.75% | 8.09% | -13.11% | -1.88% | 3.04% | 7.55% | -1.07% |
Correlation
The correlation between SUOE.L and IEBC.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.62 |
The correlation between SUOE.L and IEBC.L shifts across timeframes, from 0.60 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUOE.L vs. IEBC.L — Risk / Return Rank
SUOE.L
IEBC.L
SUOE.L vs. IEBC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) and iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.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.
| SUOE.L | IEBC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.89 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.44 | 3.02 | -0.58 |
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
| SUOE.L | IEBC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.72 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.09 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.66 | -0.49 |
Drawdowns
SUOE.L vs. IEBC.L - Drawdown Comparison
The maximum SUOE.L drawdown since its inception was -17.06%, roughly equal to the maximum IEBC.L drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for SUOE.L and IEBC.L.
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Drawdown Indicators
| SUOE.L | IEBC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.06% | -17.82% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.89% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.72% | -2.89% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.06% | -17.78% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.82% | — |
Current DrawdownCurrent decline from peak | -1.09% | -0.73% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -2.87% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.86% | -0.09% |
Volatility
SUOE.L vs. IEBC.L - Volatility Comparison
iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) has a higher volatility of 1.24% compared to iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) at 1.17%. This indicates that SUOE.L's price experiences larger fluctuations and is considered to be riskier than IEBC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUOE.L | IEBC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.17% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.99% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 3.58% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 5.32% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 5.90% | -0.41% |
SUOE.L vs. IEBC.L - Expense Ratio Comparison
SUOE.L has a 0.15% expense ratio, which is lower than IEBC.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SUOE.L vs. IEBC.L - Dividend Comparison
SUOE.L's dividend yield for the trailing twelve months is around 3.27%, less than IEBC.L's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 3.85% | 3.76% | 4.10% | 2.89% | 0.94% | 0.97% | 0.93% | 1.30% | 1.09% | 1.72% | 1.94% | 1.22% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 3.27% | 3.23% | 3.18% | 2.52% | 0.83% | 0.47% | 0.57% | 0.77% | 0.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SUOE.L and IEBC.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUOE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUOE.L is cheaper with a 0.15% expense ratio, compared with 0.20% for IEBC.L.
Both ETFs track Bloomberg Euro Corp TR EUR. Their fees differ too: 0.15% for SUOE.L and 0.20% for IEBC.L.
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