SUOE.L vs. SUOG.L
SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) and SUOG.L (iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)) are both European Corporate Bonds funds from iShares - SUOE.L tracks the Bloomberg Euro Corp TR EUR while SUOG.L tracks the Bloomberg MSCI Euro Corporate ESG SRI Index. Both are passively managed. Over the past 5 years, SUOE.L returned -0.16%/yr vs 1.45%/yr for SUOG.L. At a 0.49 correlation, their price movements are largely independent. SUOE.L charges 0.15%/yr vs 0.16%/yr for SUOG.L.
Performance
SUOE.L vs. SUOG.L - Performance Comparison
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Different Trading Currencies
SUOE.L is traded in EUR, while SUOG.L is traded in GBP. To make them comparable, the SUOG.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 0.33% return, which is significantly lower than SUOG.L's 4.04% return.
SUOE.L
- 1D
- -0.21%
- 1M
- -0.64%
- 6M
- -0.09%
- YTD
- 0.33%
- 1Y
- 1.12%
- 3Y*
- 4.18%
- 5Y*
- -0.16%
- 10Y*
- —
SUOG.L
- 1D
- -0.18%
- 1M
- 1.34%
- 6M
- 2.92%
- YTD
- 4.04%
- 1Y
- 4.92%
- 3Y*
- 6.30%
- 5Y*
- 1.45%
- 10Y*
- —
SUOE.L vs. SUOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 0.33% | 3.04% | 4.13% | 7.20% | -13.07% | -1.23% | 2.51% | -0.63% |
SUOG.L iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 4.04% | -0.29% | 10.49% | 11.21% | -16.84% | 5.93% | -2.80% | 8.46% |
Correlation
The correlation between SUOE.L and SUOG.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.49 |
The correlation between SUOE.L and SUOG.L shifts across timeframes, from 0.45 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUOE.L vs. SUOG.L — Risk / Return Rank
SUOE.L
SUOG.L
SUOE.L vs. SUOG.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 EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOG.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.
| SUOE.L | SUOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.80 | -1.39 |
| Martin ratioReturn relative to average drawdown | 1.36 | 5.10 | -3.74 |
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Drawdowns
SUOE.L vs. SUOG.L - Drawdown Comparison
The maximum SUOE.L drawdown since its inception was -17.08%, smaller than the maximum SUOG.L drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for SUOE.L and SUOG.L.
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Drawdown Indicators
| SUOE.L | SUOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.08% | -24.02% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.72% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -6.01% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -17.08% | -19.99% | +2.91% |
Current DrawdownCurrent decline from peak | -1.35% | -0.47% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -5.92% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.96% | -0.14% |
Volatility
SUOE.L vs. SUOG.L - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) is 0.99%, while iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOG.L) has a volatility of 1.29%. This indicates that SUOE.L experiences smaller price fluctuations and is considered to be less risky than SUOG.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 | SUOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.29% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 3.82% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 5.39% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 7.83% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.63% | 9.30% | -3.67% |
SUOE.L vs. SUOG.L - Expense Ratio Comparison
SUOE.L has a 0.15% expense ratio, which is lower than SUOG.L's 0.16% 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. SUOG.L - Dividend Comparison
SUOE.L's dividend yield for the trailing twelve months is around 3.28%, more than SUOG.L's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 3.28% | 3.23% | 3.19% | 2.52% | 0.82% | 0.47% | 0.57% | 0.77% | 0.30% |
SUOG.L iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) | 3.22% | 3.19% | 3.12% | 2.48% | 0.81% | 0.44% | 0.55% | 0.13% | 0.00% |
Frequently Asked Questions
SUOE.L and SUOG.L have a correlation of 0.45, 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 0.16% for SUOG.L.
SUOE.L tracks Bloomberg Euro Corp TR EUR, while SUOG.L tracks Bloomberg MSCI Euro Corporate ESG SRI Index. Their fees differ too: 0.15% for SUOE.L and 0.16% for SUOG.L.
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