SUOG.L vs. XZE5.L

Last updated Jul 18, 2026

SUOG.L (iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)) and XZE5.L (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) are both European Corporate Bonds funds - SUOG.L tracks the Bloomberg MSCI Euro Corporate ESG SRI Index 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. Both charge a 0.16% expense ratio.

Performance

SUOG.L vs. XZE5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOG.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.

Returns By Period

SUOG.L

• 1D: 0.00%
• 1M: -0.41%
• 6M: 0.96%
• YTD: 1.37%
• 1Y: 3.25%
• 3Y*: 5.85%
• 5Y*: 1.27%
• 10Y*: —

XZE5.L

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SUOG.L iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)	1.37%	5.20%	5.41%	8.90%	-12.32%	-0.54%	2.51%
XZE5.L Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C	14.52%	8.66%	-0.60%	3.11%	-1.53%	-6.81%	-9.13%

Correlation

The correlation between SUOG.L and XZE5.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020	0.17

Return for Risk

SUOG.L vs. XZE5.L — Risk / Return Rank

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

SUOG.L

SUOG.L Risk / Return Rank: 36
SUOG.L Sharpe Ratio Rank: 34
SUOG.L Sortino Ratio Rank: 34
SUOG.L Omega Ratio Rank: 36
SUOG.L Calmar Ratio Rank: 34
SUOG.L Martin Ratio Rank: 41

XZE5.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SUOG.L vs. XZE5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist) (SUOG.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.

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	XZE5.L	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	4.95	—	—

Drawdowns

Drawdown Indicators

	SUOG.L	XZE5.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.15%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.15%	—	—
Current Drawdown Current decline from peak	-0.82%	—	—
Average Drawdown Average peak-to-trough decline	-4.07%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	—	—

Volatility

Volatility by Period

	SUOG.L	XZE5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.67%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.40%	—	—

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

Both SUOG.L and XZE5.L have an expense ratio of 0.16%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SUOG.L vs. XZE5.L - Dividend Comparison

SUOG.L's dividend yield for the trailing twelve months is around 3.22%, while XZE5.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
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%

Frequently Asked Questions

Can I hold both SUOG.L and XZE5.L in my portfolio?

SUOG.L and XZE5.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUOG.L or XZE5.L?

Both ETFs have the same 0.16% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUOG.L or XZE5.L?

SUOG.L and XZE5.L have the same expense ratio: 0.16% per year.

What is the main difference between SUOG.L and XZE5.L?

SUOG.L tracks Bloomberg MSCI Euro Corporate ESG SRI Index, while XZE5.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Xtrackers.