SUOE.L vs. SEUC.L

Last updated Jun 5, 2026

SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) and SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - SUOE.L tracks the Bloomberg Euro Corp TR EUR while SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, SUOE.L returned 0.03%/yr vs 1.59%/yr for SEUC.L. A 0.63 correlation means they provide meaningful diversification when combined. SUOE.L charges 0.15%/yr vs 0.20%/yr for SEUC.L.

Performance

SUOE.L vs. SEUC.L - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SUOE.L having a 0.57% return and SEUC.L slightly lower at 0.55%.

SUOE.L

• 1D: 0.15%
• 1M: 0.35%
• YTD: 0.57%
• 6M: 0.57%
• 1Y: 2.19%
• 3Y*: 4.51%
• 5Y*: 0.03%
• 10Y*: —

SEUC.L

• 1D: 0.05%
• 1M: 0.22%
• YTD: 0.55%
• 6M: 0.73%
• 1Y: 2.01%
• 3Y*: 3.72%
• 5Y*: 1.59%
• 10Y*: 0.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SUOE.L vs. SEUC.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%
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF	0.55%	3.03%	4.21%	4.17%	-3.54%	-0.27%	0.22%	0.79%	-0.35%

Correlation

The correlation between SUOE.L and SEUC.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018	0.63

The correlation between SUOE.L and SEUC.L has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SUOE.L

SUOE.L Risk / Return Rank: 19
SUOE.L Sharpe Ratio Rank: 19
SUOE.L Sortino Ratio Rank: 18
SUOE.L Omega Ratio Rank: 19
SUOE.L Calmar Ratio Rank: 18
SUOE.L Martin Ratio Rank: 21

SEUC.L

SEUC.L Risk / Return Rank: 57
SEUC.L Sharpe Ratio Rank: 52
SEUC.L Sortino Ratio Rank: 62
SEUC.L Omega Ratio Rank: 69
SEUC.L Calmar Ratio Rank: 47
SEUC.L Martin Ratio Rank: 54

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.

SUOE.L vs. SEUC.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 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.

	SUOE.L	SEUC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.77	-1.17
Sortino ratio: Return per unit of downside risk	0.91	2.90	-1.99
Omega ratio: Gain probability vs. loss probability	1.11	1.40	-0.29
Calmar ratio: Return relative to maximum drawdown	0.69	2.28	-1.59
Martin ratio: Return relative to average drawdown	2.44	9.27	-6.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SUOE.L Sharpe Ratio is 0.61, which is lower than the SEUC.L Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of SUOE.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.

Sharpe Ratios by Period

	SUOE.L	SEUC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	1.77	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	1.18	-1.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.47	-0.30

Drawdowns

SUOE.L vs. SEUC.L - Drawdown Comparison

The maximum SUOE.L drawdown since its inception was -17.06%, which is greater than SEUC.L's maximum drawdown of -7.82%. Use the drawdown chart below to compare losses from any high point for SUOE.L and SEUC.L.

Drawdown Indicators

	SUOE.L	SEUC.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.06%	-7.82%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-0.83%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-2.72%	-0.83%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-17.06%	-4.90%	-12.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-7.82%	—
Current Drawdown Current decline from peak	-1.09%	-0.10%	-0.99%
Average Drawdown Average peak-to-trough decline	-4.76%	-0.65%	-4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	0.21%	+0.56%

Volatility

SUOE.L vs. SEUC.L - Volatility Comparison

iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) has a higher volatility of 1.24% compared to SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) at 0.36%. This indicates that SUOE.L's price experiences larger fluctuations and is considered to be riskier than SEUC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUOE.L	SEUC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	0.36%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	2.71%	0.95%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	3.10%	1.08%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.80%	1.35%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.49%	2.15%	+3.34%

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

SUOE.L has a 0.15% expense ratio, which is lower than SEUC.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. SEUC.L - Dividend Comparison

SUOE.L's dividend yield for the trailing twelve months is around 3.27%, more than SEUC.L's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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

Can I hold both SUOE.L and SEUC.L in my portfolio?

SUOE.L and SEUC.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUOE.L or SEUC.L?

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.

Which ETF is cheaper, SUOE.L or SEUC.L?

SUOE.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SEUC.L.

What is the main difference between SUOE.L and SEUC.L?

SUOE.L tracks Bloomberg Euro Corp TR EUR, while SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for SUOE.L and 0.20% for SEUC.L.