SUSD.L vs. LDCU.L

Last updated Jun 5, 2026

SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) are both Corporate Bonds funds tracking the Bloomberg US Corp 1-3 Yr TR USD, from State Street and PIMCO respectively. Both are passively managed. Over the past 10 years, SUSD.L returned 3.36%/yr vs 3.69%/yr for LDCU.L. A 0.78 correlation means they provide meaningful diversification when combined. SUSD.L charges 0.12%/yr vs 0.49%/yr for LDCU.L.

Performance

SUSD.L vs. LDCU.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 PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SUSD.L is traded in GBP, while LDCU.L is traded in USD. To make them comparable, the LDCU.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 LDCU.L's 0.89% return. Over the past 10 years, SUSD.L has underperformed LDCU.L with an annualized return of 3.36%, while LDCU.L has yielded a comparatively higher 3.69% annualized 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%

LDCU.L

• 1D: 0.15%
• 1M: 1.12%
• YTD: 0.89%
• 6M: -0.21%
• 1Y: 5.21%
• 3Y*: 2.74%
• 5Y*: 3.39%
• 10Y*: 3.69%

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

SUSD.L vs. LDCU.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%	-7.71%
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist	0.86%	-1.05%	7.08%	0.91%	5.85%	0.55%	1.50%	2.94%	6.99%	-5.61%

Correlation

The correlation between SUSD.L and LDCU.L is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 1, 2014	0.78

The correlation between SUSD.L and LDCU.L has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

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

Sectors	SUSD.L	LDCU.L
Financial Services	30.0%	43.6%
Healthcare	6.0%	3.7%
Consumer Cyclical	4.9%	4.2%
Technology	4.8%	7.2%
Industrials	3.9%	3.9%
Utilities	3.1%	4.0%
Consumer Defensive	2.9%	0.9%
Energy	2.7%	1.3%
Communication Services	2.4%	6.7%
Real Estate	2.1%	4.1%
Basic Materials	0.9%	0.3%

Return for Risk

SUSD.L vs. LDCU.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: 25
SUSD.L Sharpe Ratio Rank: 25
SUSD.L Sortino Ratio Rank: 25
SUSD.L Omega Ratio Rank: 24
SUSD.L Calmar Ratio Rank: 27
SUSD.L Martin Ratio Rank: 25

LDCU.L

LDCU.L Risk / Return Rank: 42
LDCU.L Sharpe Ratio Rank: 40
LDCU.L Sortino Ratio Rank: 44
LDCU.L Omega Ratio Rank: 39
LDCU.L Calmar Ratio Rank: 41
LDCU.L Martin Ratio Rank: 45

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. LDCU.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 PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.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	LDCU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.76	+0.11
Sortino ratio: Return per unit of downside risk	1.31	1.10	+0.21
Omega ratio: Gain probability vs. loss probability	1.15	1.14	+0.02
Calmar ratio: Return relative to maximum drawdown	1.26	1.03	+0.23
Martin ratio: Return relative to average drawdown	3.31	2.76	+0.55
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. LDCU.L - Sharpe Ratio Comparison

The current SUSD.L Sharpe Ratio is 0.87, which is comparable to the LDCU.L Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of SUSD.L and LDCU.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.

Sharpe Ratios by Period

	SUSD.L	LDCU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.76	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.41	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.39	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.45	-0.05

Drawdowns

SUSD.L vs. LDCU.L - Drawdown Comparison

The maximum SUSD.L drawdown since its inception was -15.18%, roughly equal to the maximum LDCU.L drawdown of -14.74%. Use the drawdown chart below to compare losses from any high point for SUSD.L and LDCU.L.

Drawdown Indicators

	SUSD.L	LDCU.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.18%	-14.74%	-0.44%
Max Drawdown (1Y) Largest decline over 1 year	-4.27%	-5.04%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	-9.03%	-8.21%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	-15.18%	-14.74%	-0.44%
Max Drawdown (10Y) Largest decline over 10 years	-15.18%	-14.74%	-0.44%
Current Drawdown Current decline from peak	-3.84%	-2.98%	-0.86%
Average Drawdown Average peak-to-trough decline	-5.84%	-5.64%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.89%	-0.26%

Volatility

SUSD.L vs. LDCU.L - Volatility Comparison

SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) and PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) have volatilities of 1.75% and 1.73%, 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.

Volatility by Period

	SUSD.L	LDCU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.75%	1.73%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	4.50%	5.21%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	6.19%	6.85%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.17%	8.25%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.23%	9.39%	-0.16%

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

SUSD.L has a 0.12% expense ratio, which is lower than LDCU.L's 0.49% expense ratio.

Dividends

SUSD.L vs. LDCU.L - Dividend Comparison

SUSD.L's dividend yield for the trailing twelve months is around 4.60%, more than LDCU.L's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist	4.48%	4.42%	4.40%	3.45%	1.93%	1.77%	2.17%	2.96%	2.75%	2.26%	2.37%	2.13%
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

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

SUSD.L and LDCU.L have a correlation of 0.70, 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 LDCU.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 LDCU.L?

SUSD.L is cheaper with a 0.12% expense ratio, compared with 0.49% for LDCU.L.

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

Both ETFs track Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.12% for SUSD.L and 0.49% for LDCU.L.