SUSD.L vs. LQDA.L
SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds - SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while LQDA.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 1.07%/yr for LQDA.L. A 0.53 correlation means they provide meaningful diversification when combined. SUSD.L charges 0.12%/yr vs 0.20%/yr for LQDA.L.
Performance
SUSD.L vs. LQDA.L - Performance Comparison
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Different Trading Currencies
SUSD.L is traded in GBP, while LQDA.L is traded in USD. To make them comparable, the LQDA.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 LQDA.L's 0.42% 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%
LQDA.L
- 1D
- 0.38%
- 1M
- 1.27%
- YTD
- 0.42%
- 6M
- -0.41%
- 1Y
- 6.56%
- 3Y*
- 2.38%
- 5Y*
- 1.07%
- 10Y*
- —
SUSD.L vs. LQDA.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% | -6.61% |
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.39% | 0.31% | 3.02% | 3.54% | -7.97% | -0.73% | 7.31% | 13.73% | 1.37% | -3.32% |
Correlation
The correlation between SUSD.L and LQDA.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.53 |
The correlation between SUSD.L and LQDA.L shifts across timeframes, from 0.40 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SUSD.L vs. LQDA.L — Risk / Return Rank
SUSD.L
LQDA.L
SUSD.L vs. LQDA.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 Corporate Bond UCITS ETF (Acc) (LQDA.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 | LQDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.24 | +0.03 |
| Martin ratioReturn relative to average drawdown | 3.31 | 3.02 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SUSD.L | LQDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.92 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.11 | +0.39 |
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 | 0.16 | +0.24 |
Drawdowns
SUSD.L vs. LQDA.L - Drawdown Comparison
The maximum SUSD.L drawdown since its inception was -15.18%, smaller than the maximum LQDA.L drawdown of -18.92%. Use the drawdown chart below to compare losses from any high point for SUSD.L and LQDA.L.
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Drawdown Indicators
| SUSD.L | LQDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -18.92% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -5.28% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -9.03% | -9.27% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -15.34% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -15.18% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | -8.00% | +4.16% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -8.33% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.16% | -0.53% |
Volatility
SUSD.L vs. LQDA.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 Corporate Bond UCITS ETF (Acc) (LQDA.L) has a volatility of 2.24%. This indicates that SUSD.L experiences smaller price fluctuations and is considered to be less risky than LQDA.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.L | LQDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 2.24% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 5.66% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 7.08% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 9.96% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 10.85% | -1.62% |
SUSD.L vs. LQDA.L - Expense Ratio Comparison
SUSD.L has a 0.12% expense ratio, which is lower than LQDA.L's 0.20% 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. LQDA.L - Dividend Comparison
SUSD.L's dividend yield for the trailing twelve months is around 4.60%, while LQDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 LQDA.L have a correlation of 0.44, 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 0.20% for LQDA.L.
SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while LQDA.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 0.20% for LQDA.L.
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