SUSD.L vs. FLO5.L
SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while FLO5.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SUSD.L returned 4.04%/yr vs 1.22%/yr for FLO5.L. With a 0.95 correlation, they move nearly in lockstep. SUSD.L charges 0.12%/yr vs 0.10%/yr for FLO5.L.
Performance
SUSD.L vs. FLO5.L - Performance Comparison
Loading charts...
Different Trading Currencies
SUSD.L is traded in GBP, while FLO5.L is traded in GBp. To make them comparable, the FLO5.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUSD.L achieves a 1.34% return, which is significantly higher than FLO5.L's -0.05% return.
SUSD.L
- 1D
- 0.05%
- 1M
- 1.52%
- YTD
- 1.34%
- 6M
- 0.80%
- 1Y
- 5.70%
- 3Y*
- 2.52%
- 5Y*
- 4.04%
- 10Y*
- 3.36%
FLO5.L
- 1D
- 0.03%
- 1M
- -0.74%
- YTD
- -0.05%
- 6M
- -0.55%
- 1Y
- 1.25%
- 3Y*
- -2.38%
- 5Y*
- 1.22%
- 10Y*
- —
SUSD.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 1.34% | -1.69% | 7.18% | -0.46% | 9.68% | 1.10% | -0.39% | 1.34% | 7.32% | 0.49% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | -0.05% | -6.83% | 1.88% | -4.56% | 11.92% | 1.15% | -4.18% | -2.07% | 4.95% | 0.57% |
Correlation
The correlation between SUSD.L and FLO5.L is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.95 |
The correlation between SUSD.L and FLO5.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SUSD.L vs. FLO5.L — Risk / Return Rank
SUSD.L
FLO5.L
SUSD.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.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.
| SUSD.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.04 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.19 | +1.08 |
| Martin ratioReturn relative to average drawdown | 3.31 | 0.38 | +2.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SUSD.L | FLO5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.17 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.13 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.02 | +0.38 |
Drawdowns
SUSD.L vs. FLO5.L - Drawdown Comparison
The maximum SUSD.L drawdown since its inception was -15.18%, smaller than the maximum FLO5.L drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for SUSD.L and FLO5.L.
Loading charts...
Drawdown Indicators
| SUSD.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -20.77% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -6.65% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -9.03% | -13.32% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -20.77% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -15.18% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | -19.14% | +15.30% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -9.77% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.30% | -1.67% |
Volatility
SUSD.L vs. FLO5.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) is 1.75%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 2.80%. This indicates that SUSD.L experiences smaller price fluctuations and is considered to be less risky than FLO5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SUSD.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 2.80% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 5.01% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 7.27% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 9.03% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 9.16% | +0.07% |
SUSD.L vs. FLO5.L - Expense Ratio Comparison
SUSD.L has a 0.12% expense ratio, which is higher than FLO5.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SUSD.L vs. FLO5.L - Dividend Comparison
SUSD.L's dividend yield for the trailing twelve months is around 4.60%, more than FLO5.L's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 0.05% | 0.05% | 0.06% | 0.06% | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% |
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.60% | 4.91% | 4.20% | 3.11% | 1.14% | 1.80% | 2.77% | 2.57% | 1.66% | 1.74% | 1.28% | 1.00% |
Frequently Asked Questions
With a correlation of 0.95, SUSD.L and FLO5.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FLO5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLO5.L is cheaper with a 0.10% expense ratio, compared with 0.12% for SUSD.L.
SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while FLO5.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SUSD.L and 0.10% for FLO5.L.
Find the right allocation for SUSD.L and FLO5.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer