SUSC vs. IBND
SUSC (iShares ESG Aware USD Corporate Bond ETF) and IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) are both Corporate Bonds funds - SUSC tracks the Bloomberg MSCI US Corporate ESG Focus Index while IBND tracks the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. Both are passively managed. Over the past 5 years, SUSC returned -0.46%/yr vs -1.45%/yr for IBND. Their 0.43 correlation means their historical movements had little consistent relationship. SUSC charges 0.18%/yr vs 0.50%/yr for IBND.
Performance
SUSC vs. IBND - Performance Comparison
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Returns By Period
In the year-to-date period, SUSC achieves a -0.83% return, which is significantly higher than IBND's -1.95% return.
SUSC
- 1D
- -0.18%
- 1M
- -1.73%
- 6M
- -1.19%
- YTD
- -0.83%
- 1Y
- 1.60%
- 3Y*
- 4.64%
- 5Y*
- -0.46%
- 10Y*
- —
- ALL TIME*
- 2.10%
IBND
- 1D
- -0.12%
- 1M
- -0.16%
- 6M
- -3.66%
- YTD
- -1.95%
- 1Y
- -0.02%
- 3Y*
- 5.22%
- 5Y*
- -1.45%
- 10Y*
- 0.48%
- ALL TIME*
- 1.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.13M | $1.63M | $2.53M | |
| $5.30M | $4.85M | $8.54M |
SUSC vs. IBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSC iShares ESG Aware USD Corporate Bond ETF | -0.83% | 7.57% | 1.91% | 8.58% | -15.95% | -1.57% | 9.57% | 14.43% | -3.13% | 1.74% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -1.95% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 5.36% |
Correlation
The correlation between SUSC and IBND is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017 | 0.43 |
The correlation between SUSC and IBND shifts across timeframes, from 0.43 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUSC vs. IBND — Risk / Return Rank
SUSC
IBND
SUSC vs. IBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware USD Corporate Bond ETF (SUSC) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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.
| SUSC | IBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.03 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.18 | +0.67 |
| Martin ratioReturn relative to average drawdown | 2.31 | 0.40 | +1.91 |
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Drawdowns
SUSC vs. IBND - Drawdown Comparison
The maximum SUSC drawdown since its inception was -22.42%, smaller than the maximum IBND drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for SUSC and IBND.
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Drawdown Indicators
| SUSC | IBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -35.62% | +13.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -6.75% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -9.18% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -33.49% | +11.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.62% | — |
Current DrawdownCurrent decline from peak | -2.64% | -10.25% | +7.61% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -10.63% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 3.07% | -2.01% |
Volatility
SUSC vs. IBND - Volatility Comparison
The current volatility for iShares ESG Aware USD Corporate Bond ETF (SUSC) is 1.12%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 1.99%. This indicates that SUSC experiences smaller price fluctuations and is considered to be less risky than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUSC | IBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.99% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 6.26% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 7.78% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 9.76% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 8.91% | -1.33% |
SUSC vs. IBND - Expense Ratio Comparison
SUSC has a 0.18% expense ratio, which is lower than IBND's 0.50% expense ratio.
Dividends
SUSC vs. IBND - Dividend Comparison
SUSC's dividend yield for the trailing twelve months is around 4.58%, more than IBND's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.56% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
SUSC iShares ESG Aware USD Corporate Bond ETF | 4.21% | 4.37% | 4.34% | 3.83% | 2.97% | 2.21% | 2.19% | 3.07% | 3.33% | 1.33% | 0.00% | 0.00% |
Frequently Asked Questions
SUSC and IBND have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBND has higher volatility (1.99%) compared to SUSC (1.12%). In terms of maximum drawdown, SUSC dropped -22.42% vs IBND's -35.62%.
On 5-year performance, SUSC leads with -0.46% vs -1.45% for IBND. On fees, SUSC is cheaper at 0.18% per year. On volatility, SUSC has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SUSC has performed better with a -0.46% return vs -1.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SUSC is cheaper with a 0.18% expense ratio, compared with 0.50% for IBND.
SUSC has the higher dividend yield at 4.21%, compared with 2.56% for IBND.
SUSC tracks Bloomberg MSCI US Corporate ESG Focus Index, while IBND tracks Bloomberg Global Aggregate x USD >$1B: Corporate Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for SUSC and 0.50% for IBND.
SUSC currently has the higher Sharpe Ratio (0.56 vs 0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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