SUOG.L vs. IRCP.L
SUOG.L (iShares € Corp Bond ESG SRI UCITS ETF GBP Hedged Inc) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - SUOG.L tracks the iShares € Corp Bond ESG SRI UCITS ETF GBP Hedged Inc while IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, SUOG.L returned 1.28%/yr vs 2.50%/yr for IRCP.L. At a 0.02 correlation, their price movements are largely independent. SUOG.L charges 0.17%/yr vs 0.25%/yr for IRCP.L.
Performance
SUOG.L vs. IRCP.L - Performance Comparison
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Different Trading Currencies
SUOG.L is traded in GBP, while IRCP.L is traded in EUR. To make them comparable, the IRCP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUOG.L achieves a 1.47% return, which is significantly higher than IRCP.L's -1.35% return.
SUOG.L
- 1D
- 0.09%
- 1M
- -0.32%
- 6M
- 1.05%
- YTD
- 1.47%
- 1Y
- 3.35%
- 3Y*
- 6.12%
- 5Y*
- 1.28%
- 10Y*
- —
IRCP.L
- 1D
- 0.00%
- 1M
- -1.86%
- 6M
- -0.68%
- YTD
- -1.35%
- 1Y
- 0.73%
- 3Y*
- 4.72%
- 5Y*
- 2.50%
- 10Y*
- 1.73%
SUOG.L vs. IRCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SUOG.L iShares € Corp Bond ESG SRI UCITS ETF GBP Hedged Inc | 1.47% | 5.20% | 5.41% | 8.90% | -12.32% | -0.54% | 2.78% | -0.07% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | -1.35% | 9.79% | 1.63% | 3.04% | 2.28% | -6.16% | 6.54% | -6.89% |
Correlation
The correlation between SUOG.L and IRCP.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.02 |
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Return for Risk
SUOG.L vs. IRCP.L — Risk / Return Rank
SUOG.L
IRCP.L
SUOG.L vs. IRCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond ESG SRI UCITS ETF GBP Hedged Inc (SUOG.L) and iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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.
| SUOG.L | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.03 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.32 | +1.06 |
| Martin ratioReturn relative to average drawdown | 5.12 | 0.87 | +4.24 |
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Drawdowns
SUOG.L vs. IRCP.L - Drawdown Comparison
The maximum SUOG.L drawdown since its inception was -16.15%, smaller than the maximum IRCP.L drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for SUOG.L and IRCP.L.
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Drawdown Indicators
| SUOG.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -19.15% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -2.41% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.43% | -2.41% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -8.09% | -8.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -0.72% | -2.41% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -5.61% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.87% | -0.22% |
Volatility
SUOG.L vs. IRCP.L - Volatility Comparison
The current volatility for iShares € Corp Bond ESG SRI UCITS ETF GBP Hedged Inc (SUOG.L) is 0.94%, while iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) has a volatility of 1.05%. This indicates that SUOG.L experiences smaller price fluctuations and is considered to be less risky than IRCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUOG.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.05% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.47% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 4.62% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 6.05% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 7.09% | -1.69% |
SUOG.L vs. IRCP.L - Expense Ratio Comparison
SUOG.L has a 0.17% expense ratio, which is lower than IRCP.L's 0.25% 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
SUOG.L vs. IRCP.L - Dividend Comparison
SUOG.L's dividend yield for the trailing twelve months is around 3.21%, more than IRCP.L's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
SUOG.L iShares € Corp Bond ESG SRI UCITS ETF GBP Hedged Inc | 3.21% | 3.19% | 3.12% | 2.48% | 0.81% | 0.44% | 0.55% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SUOG.L and IRCP.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUOG.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUOG.L is cheaper with a 0.17% expense ratio, compared with 0.25% for IRCP.L.
SUOG.L tracks iShares € Corp Bond ESG SRI UCITS ETF GBP Hedged Inc, while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Their fees differ too: 0.17% for SUOG.L and 0.25% for IRCP.L.
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