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SUSD.L vs. FRUC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUSD.L vs. FRUC.L

Last updated Jun 5, 2026

SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and FRUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF) are both Corporate Bonds funds - SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while FRUC.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 1.25%/yr for FRUC.L. A 0.79 correlation means they provide meaningful diversification when combined. SUSD.L charges 0.12%/yr vs 0.35%/yr for FRUC.L.

Performance

SUSD.L vs. FRUC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) and Franklin USD Investment Grade Corporate Bond UCITS ETF (FRUC.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SUSD.L achieves a 1.34% return, which is significantly higher than FRUC.L's 0.15% 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%

FRUC.L

1D
0.17%
1M
1.25%
YTD
0.15%
6M
-0.08%
1Y
6.57%
3Y*
2.25%
5Y*
1.25%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SUSD.L vs. FRUC.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%3.73%
FRUC.L
Franklin USD Investment Grade Corporate Bond UCITS ETF		0.15%0.24%3.75%1.75%-5.43%-1.01%6.06%10.92%2.86%

Correlation

The correlation between SUSD.L and FRUC.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2018

0.79

The correlation between SUSD.L and FRUC.L has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

SUSD.L vs. FRUC.L - Sectors Allocation Comparison

Sectors
SUSD.L
FRUC.L

Financial Services

30.0%
0.7%

Healthcare

6.0%
3.2%

Consumer Cyclical

4.9%

-

Technology

4.8%
1.2%

Industrials

3.9%

-

Utilities

3.1%

-

Consumer Defensive

2.9%

-

Energy

2.7%
0.5%

Communication Services

2.4%
1.3%

Real Estate

2.1%

-

Basic Materials

0.9%

-

Financial Services

SUSD.L
30.0%
FRUC.L
0.7%

Healthcare

SUSD.L
6.0%
FRUC.L
3.2%

Consumer Cyclical

SUSD.L
4.9%
FRUC.L

-

Technology

SUSD.L
4.8%
FRUC.L
1.2%

Industrials

SUSD.L
3.9%
FRUC.L

-

Utilities

SUSD.L
3.1%
FRUC.L

-

Consumer Defensive

SUSD.L
2.9%
FRUC.L

-

Energy

SUSD.L
2.7%
FRUC.L
0.5%

Communication Services

SUSD.L
2.4%
FRUC.L
1.3%

Real Estate

SUSD.L
2.1%
FRUC.L

-

Basic Materials

SUSD.L
0.9%
FRUC.L

-

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SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF

Franklin USD Investment Grade Corporate Bond UCITS ETF

Often compared with SUSD.L:
SUSD.L vs. IGSD.LSUSD.L vs. LQDE.LSUSD.L vs. VDPA.LSUSD.L vs. ICBU.LSUSD.L vs. SUSU.LSUSD.L vs. XDGU.LSUSD.L vs. ERNA.L
Often compared with FRUC.L:
FRUC.L vs. FRQX.LFRUC.L vs. FRUE.LFRUC.L vs. FLXU.LFRUC.L vs. ERNA.LFRUC.L vs. FLRK.LFRUC.L vs. VSCA.LFRUC.L vs. FLXE.L

Return for Risk

SUSD.L vs. FRUC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SUSD.L
SUSD.L Risk / Return Rank: 2525
Overall Rank
SUSD.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
SUSD.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
SUSD.L Omega Ratio Rank: 2424
Omega Ratio Rank
SUSD.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
SUSD.L Martin Ratio Rank: 2525
Martin Ratio Rank
FRUC.L
FRUC.L Risk / Return Rank: 2727
Overall Rank
FRUC.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
FRUC.L Sortino Ratio Rank: 2929
Sortino Ratio Rank
FRUC.L Omega Ratio Rank: 2727
Omega Ratio Rank
FRUC.L Calmar Ratio Rank: 2828
Calmar Ratio Rank
FRUC.L Martin Ratio Rank: 2525
Martin Ratio Rank
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.

SUSD.L vs. FRUC.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 Franklin USD Investment Grade Corporate Bond UCITS ETF (FRUC.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.LFRUC.LDifference
Sharpe ratioReturn per unit of total volatility
0.87
1.01

-0.13

Sortino ratioReturn per unit of downside risk
1.31
1.54

-0.22

Omega ratioGain probability vs. loss probability

1.15

1.18

-0.02

Calmar ratioReturn relative to maximum drawdown

1.26

1.34

-0.08

Martin ratioReturn relative to average drawdown

3.31

3.21

+0.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUSD.L vs. FRUC.L - Sharpe Ratio Comparison

The current SUSD.L Sharpe Ratio is 0.87, which is comparable to the FRUC.L Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of SUSD.L and FRUC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SUSD.LFRUC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

1.01

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.15

+0.35

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

0.24

+0.16

Drawdowns

SUSD.L vs. FRUC.L - Drawdown Comparison

The maximum SUSD.L drawdown since its inception was -15.18%, smaller than the maximum FRUC.L drawdown of -17.34%. Use the drawdown chart below to compare losses from any high point for SUSD.L and FRUC.L.

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Drawdown Indicators

SUSD.LFRUC.LDifference

Max Drawdown

Largest peak-to-trough decline

-15.18%

-17.34%

+2.16%

Max Drawdown (1Y)

Largest decline over 1 year

-4.27%

-4.65%

+0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-9.03%

-8.76%

-0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-15.18%

-13.26%

-1.92%

Max Drawdown (10Y)

Largest decline over 10 years

-15.18%

—

—

Current Drawdown

Current decline from peak

-3.84%

-7.39%

+3.55%

Average Drawdown

Average peak-to-trough decline

-5.84%

-8.18%

+2.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

1.95%

-0.32%

Volatility

SUSD.L vs. FRUC.L - Volatility Comparison

SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) has a higher volatility of 1.75% compared to Franklin USD Investment Grade Corporate Bond UCITS ETF (FRUC.L) at 1.66%. This indicates that SUSD.L's price experiences larger fluctuations and is considered to be riskier than FRUC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SUSD.LFRUC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.75%

1.66%

+0.09%

Volatility (6M)

Calculated over the trailing 6-month period

4.50%

4.57%

-0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

6.19%

6.20%

-0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.17%

8.60%

-0.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.23%

9.61%

-0.38%

SUSD.L vs. FRUC.L - Expense Ratio Comparison

SUSD.L has a 0.12% expense ratio, which is lower than FRUC.L's 0.35% expense ratio.

Dividends

SUSD.L vs. FRUC.L - Dividend Comparison

SUSD.L's dividend yield for the trailing twelve months is around 4.60%, more than FRUC.L's 4.01% yield.

PositionTTM20252024202320222021202020192018201720162015
FRUC.L
Franklin USD Investment Grade Corporate Bond UCITS ETF		4.01%4.02%4.19%3.44%2.71%2.13%2.42%3.45%1.64%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

SUSD.L and FRUC.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SUSD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SUSD.L is cheaper with a 0.12% expense ratio, compared with 0.35% for FRUC.L.

SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while FRUC.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.12% for SUSD.L and 0.35% for FRUC.L.

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