SUSD.L vs. JIBG.L

Last updated Jun 26, 2026

SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and JIBG.L (JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both Corporate Bonds funds - SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while JIBG.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SUSD.L returned 4.12%/yr vs 1.59%/yr for JIBG.L. A 0.70 correlation means they provide meaningful diversification when combined. SUSD.L charges 0.12%/yr vs 0.19%/yr for JIBG.L.

Performance

SUSD.L vs. JIBG.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 JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SUSD.L having a 3.51% return and JIBG.L slightly lower at 3.34%.

SUSD.L

• 1D: 0.26%
• 1M: 2.40%
• YTD: 3.51%
• 6M: 4.15%
• 1Y: 7.70%
• 3Y*: 4.05%
• 5Y*: 4.12%
• 10Y*: 2.94%

JIBG.L

• 1D: 0.78%
• 1M: 3.17%
• YTD: 3.34%
• 6M: 4.08%
• 1Y: 9.48%
• 3Y*: 4.15%
• 5Y*: 1.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF	3.51%	-1.69%	7.14%	-0.45%	9.71%	1.10%	-4.19%
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	3.34%	0.49%	3.97%	2.30%	-5.70%	-0.65%	-24.58%

Correlation

The correlation between SUSD.L and JIBG.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020	0.70

The correlation between SUSD.L and JIBG.L shifts across timeframes, from 0.67 (3 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SUSD.L vs. JIBG.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: 37
SUSD.L Sharpe Ratio Rank: 38
SUSD.L Sortino Ratio Rank: 40
SUSD.L Omega Ratio Rank: 36
SUSD.L Calmar Ratio Rank: 40
SUSD.L Martin Ratio Rank: 34

JIBG.L

JIBG.L Risk / Return Rank: 46
JIBG.L Sharpe Ratio Rank: 49
JIBG.L Sortino Ratio Rank: 54
JIBG.L Omega Ratio Rank: 48
JIBG.L Calmar Ratio Rank: 44
JIBG.L Martin Ratio Rank: 35

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. JIBG.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 JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.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.

	SUSD.L	JIBG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.52	-0.28
Sortino ratio: Return per unit of downside risk	1.88	2.33	-0.45
Omega ratio: Gain probability vs. loss probability	1.22	1.27	-0.05
Calmar ratio: Return relative to maximum drawdown	1.82	1.99	-0.18
Martin ratio: Return relative to average drawdown	4.80	4.99	-0.19

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

The current SUSD.L Sharpe Ratio is 1.25, which is comparable to the JIBG.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SUSD.L and JIBG.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.

Drawdowns

SUSD.L vs. JIBG.L - Drawdown Comparison

The maximum SUSD.L drawdown since its inception was -40.87%, which is greater than JIBG.L's maximum drawdown of -33.28%. Use the drawdown chart below to compare losses from any high point for SUSD.L and JIBG.L.

Drawdown Indicators

	SUSD.L	JIBG.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.87%	-33.28%	-7.59%
Max Drawdown (1Y) Largest decline over 1 year	-4.25%	-4.64%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-9.03%	-8.67%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-15.19%	-12.77%	-2.42%
Max Drawdown (10Y) Largest decline over 10 years	-15.19%	—	—
Current Drawdown Current decline from peak	-1.81%	-22.33%	+20.52%
Average Drawdown Average peak-to-trough decline	-17.46%	-27.41%	+9.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.86%	-0.25%

Volatility

SUSD.L vs. JIBG.L - Volatility Comparison

The current volatility for SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) is 1.54%, while JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JIBG.L) has a volatility of 1.77%. This indicates that SUSD.L experiences smaller price fluctuations and is considered to be less risky than JIBG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUSD.L	JIBG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	1.77%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	4.56%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	6.27%	6.11%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.01%	8.96%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.63%	13.01%	-4.38%

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

SUSD.L has a 0.12% expense ratio, which is lower than JIBG.L's 0.19% expense ratio. Despite the difference, 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. JIBG.L - Dividend Comparison

SUSD.L's dividend yield for the trailing twelve months is around 4.51%, less than JIBG.L's 5.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIBG.L JPMorgan USD Corporate Bond Research Enhanced Index (ESG) UCITS ETF	5.13%	4.93%	5.37%	4.10%	3.94%	6.87%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF	4.51%	4.91%	4.19%	3.12%	1.14%	1.80%	2.78%	2.57%	1.66%	1.74%	1.28%	1.00%

Frequently Asked Questions

Can I hold both SUSD.L and JIBG.L in my portfolio?

SUSD.L and JIBG.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUSD.L or JIBG.L?

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.

Which ETF is cheaper, SUSD.L or JIBG.L?

SUSD.L is cheaper with a 0.12% expense ratio, compared with 0.19% for JIBG.L.

What is the main difference between SUSD.L and JIBG.L?

SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while JIBG.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.12% for SUSD.L and 0.19% for JIBG.L.