SUOP.L vs. SGSU.L
SUOP.L (iShares $ Corp Bond ESG SRI UCITS ETF GBP Hedged Inc) and SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) are both Global Bonds funds from iShares - SUOP.L tracks the iShares $ Corp Bond ESG SRI UCITS ETF GBP Hedged Inc while SGSU.L tracks the iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist). Both are passively managed. Over the past 5 years, SUOP.L returned -0.62%/yr vs 2.57%/yr for SGSU.L. At a 0.44 correlation, their price movements are largely independent. SUOP.L charges 1.00%/yr vs 0.17%/yr for SGSU.L.
Performance
SUOP.L vs. SGSU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUOP.L achieves a -0.26% return, which is significantly lower than SGSU.L's 1.67% return.
SUOP.L
- 1D
- 0.04%
- 1M
- -0.69%
- 6M
- -0.26%
- YTD
- -0.26%
- 1Y
- 4.22%
- 3Y*
- 4.41%
- 5Y*
- -0.62%
- 10Y*
- —
SGSU.L
- 1D
- 0.20%
- 1M
- 0.41%
- 6M
- 1.46%
- YTD
- 1.67%
- 1Y
- 3.86%
- 3Y*
- 4.96%
- 5Y*
- 2.57%
- 10Y*
- —
SUOP.L vs. SGSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SUOP.L iShares $ Corp Bond ESG SRI UCITS ETF GBP Hedged Inc | -0.26% | 7.21% | 2.00% | 6.65% | -15.85% | 1.60% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.67% | 5.12% | 5.16% | 4.29% | -2.66% | -0.51% |
Correlation
The correlation between SUOP.L and SGSU.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | 0.44 |
The correlation between SUOP.L and SGSU.L shifts across timeframes, from 0.30 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUOP.L vs. SGSU.L — Risk / Return Rank
SUOP.L
SGSU.L
SUOP.L vs. SGSU.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 (SUOP.L) and iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.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.
| SUOP.L | SGSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.71 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 9.24 | -7.76 |
| Martin ratioReturn relative to average drawdown | 4.02 | 28.95 | -24.93 |
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Drawdowns
SUOP.L vs. SGSU.L - Drawdown Comparison
The maximum SUOP.L drawdown since its inception was -22.17%, which is greater than SGSU.L's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for SUOP.L and SGSU.L.
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Drawdown Indicators
| SUOP.L | SGSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.17% | -8.45% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -0.42% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -0.62% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -4.83% | -17.34% |
Current DrawdownCurrent decline from peak | -4.01% | -0.01% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -9.80% | -0.84% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.13% | +0.92% |
Volatility
SUOP.L vs. SGSU.L - Volatility Comparison
iShares $ Corp Bond ESG SRI UCITS ETF GBP Hedged Inc (SUOP.L) has a higher volatility of 1.02% compared to iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) at 0.48%. This indicates that SUOP.L's price experiences larger fluctuations and is considered to be riskier than SGSU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUOP.L | SGSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.48% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 1.20% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 1.72% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 2.14% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.81% | 3.02% | +3.79% |
SUOP.L vs. SGSU.L - Expense Ratio Comparison
SUOP.L has a 1.00% expense ratio, which is higher than SGSU.L's 0.17% expense ratio.
Dividends
SUOP.L vs. SGSU.L - Dividend Comparison
SUOP.L's dividend yield for the trailing twelve months is around 4.92%, more than SGSU.L's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.46% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% |
SUOP.L iShares $ Corp Bond ESG SRI UCITS ETF GBP Hedged Inc | 4.92% | 4.74% | 4.68% | 4.13% | 4.04% | 0.00% | 0.00% |
Frequently Asked Questions
SUOP.L and SGSU.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGSU.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGSU.L is cheaper with a 0.17% expense ratio, compared with 1.00% for SUOP.L.
SUOP.L tracks iShares $ Corp Bond ESG SRI UCITS ETF GBP Hedged Inc, while SGSU.L tracks iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist). Their fees differ too: 1.00% for SUOP.L and 0.17% for SGSU.L.
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