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

SUSD.L vs. IUCB.L

Last updated Jun 5, 2026

SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and IUCB.L (SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds from State Street - SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while IUCB.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 3.03%/yr for IUCB.L. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.

Performance

SUSD.L vs. IUCB.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 SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SUSD.L is traded in GBP, while IUCB.L is traded in USD. To make them comparable, the IUCB.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 IUCB.L's 0.84% 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%

IUCB.L

1D
0.18%
1M
1.19%
YTD
0.84%
6M
0.18%
1Y
6.13%
3Y*
3.23%
5Y*
3.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%-7.71%
IUCB.L
SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF		0.81%0.15%6.37%1.48%1.51%-1.48%4.81%5.31%1.41%-4.69%

Correlation

The correlation between SUSD.L and IUCB.L is 0.65, 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

0.65

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

0.67

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

0.55

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2016

0.37

Over the past year, SUSD.L and IUCB.L have become more correlated (0.65) than their long-term average of 0.37, meaning their price movements have been converging.

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

Sectors
SUSD.L
IUCB.L

Financial Services

30.0%
26.3%

Healthcare

6.0%
5.8%

Consumer Cyclical

4.9%
4.6%

Technology

4.8%
5.0%

Industrials

3.9%
3.7%

Utilities

3.1%
3.1%

Consumer Defensive

2.9%
3.0%

Energy

2.7%
4.0%

Communication Services

2.4%
4.0%

Real Estate

2.1%
2.2%

Basic Materials

0.9%
1.1%

Financial Services

SUSD.L
30.0%
IUCB.L
26.3%

Healthcare

SUSD.L
6.0%
IUCB.L
5.8%

Consumer Cyclical

SUSD.L
4.9%
IUCB.L
4.6%

Technology

SUSD.L
4.8%
IUCB.L
5.0%

Industrials

SUSD.L
3.9%
IUCB.L
3.7%

Utilities

SUSD.L
3.1%
IUCB.L
3.1%

Consumer Defensive

SUSD.L
2.9%
IUCB.L
3.0%

Energy

SUSD.L
2.7%
IUCB.L
4.0%

Communication Services

SUSD.L
2.4%
IUCB.L
4.0%

Real Estate

SUSD.L
2.1%
IUCB.L
2.2%

Basic Materials

SUSD.L
0.9%
IUCB.L
1.1%

Compare stocks, funds, or ETFs

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SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF

SPDR Bloomberg 1-10 Year US 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 IUCB.L:
IUCB.L vs. SDIA.LIUCB.L vs. QDVK.DEIUCB.L vs. SJNKIUCB.L vs. LQDE.LIUCB.L vs. ERNA.LIUCB.L vs. VDPA.LIUCB.L vs. USCR.L

Return for Risk

SUSD.L vs. IUCB.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
IUCB.L
IUCB.L Risk / Return Rank: 4545
Overall Rank
IUCB.L Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
IUCB.L Sortino Ratio Rank: 4040
Sortino Ratio Rank
IUCB.L Omega Ratio Rank: 4141
Omega Ratio Rank
IUCB.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
IUCB.L Martin Ratio Rank: 5151
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. IUCB.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 SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.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.LIUCB.LDifference
Sharpe ratioReturn per unit of total volatility
0.87
0.87

0.00

Sortino ratioReturn per unit of downside risk
1.31
1.27

+0.05

Omega ratioGain probability vs. loss probability

1.15

1.16

-0.01

Calmar ratioReturn relative to maximum drawdown

1.26

1.24

+0.02

Martin ratioReturn relative to average drawdown

3.31

3.48

-0.17

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. IUCB.L - Sharpe Ratio Comparison

The current SUSD.L Sharpe Ratio is 0.87, which is comparable to the IUCB.L Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of SUSD.L and IUCB.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.LIUCB.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

0.87

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.42

+0.07

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

0.27

+0.13

Drawdowns

SUSD.L vs. IUCB.L - Drawdown Comparison

The maximum SUSD.L drawdown since its inception was -15.18%, smaller than the maximum IUCB.L drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for SUSD.L and IUCB.L.

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Drawdown Indicators

SUSD.LIUCB.LDifference

Max Drawdown

Largest peak-to-trough decline

-15.18%

-16.72%

+1.54%

Max Drawdown (1Y)

Largest decline over 1 year

-4.27%

-5.02%

+0.75%

Max Drawdown (3Y)

Largest decline over 3 years

-9.03%

-7.91%

-1.12%

Max Drawdown (5Y)

Largest decline over 5 years

-15.18%

-13.22%

-1.96%

Max Drawdown (10Y)

Largest decline over 10 years

-15.18%

—

—

Current Drawdown

Current decline from peak

-3.84%

-1.74%

-2.10%

Average Drawdown

Average peak-to-trough decline

-5.84%

-5.69%

-0.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

1.78%

-0.15%

Volatility

SUSD.L vs. IUCB.L - Volatility Comparison

SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) and SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) have volatilities of 1.75% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SUSD.LIUCB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.75%

1.77%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

4.50%

5.19%

-0.69%

Volatility (1Y)

Calculated over the trailing 1-year period

6.19%

7.16%

-0.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.17%

9.52%

-1.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.23%

12.33%

-3.10%

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

Both SUSD.L and IUCB.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SUSD.L vs. IUCB.L - Dividend Comparison

SUSD.L's dividend yield for the trailing twelve months is around 4.60%, less than IUCB.L's 4.67% yield.

PositionTTM20252024202320222021202020192018201720162015
IUCB.L
SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF		4.67%4.66%4.70%3.89%2.62%2.37%2.67%0.00%0.00%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 IUCB.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SUSD.L and IUCB.L have the same expense ratio: 0.12% per year.

SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while IUCB.L tracks Bloomberg US Corp Bond TR USD.

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