SUSD.L vs. LQDS.L
SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and LQDS.L (iShares USD Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while LQDS.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 1.06%/yr for LQDS.L. A 0.71 correlation means they provide meaningful diversification when combined. SUSD.L charges 0.12%/yr vs 0.20%/yr for LQDS.L.
Performance
SUSD.L vs. LQDS.L - Performance Comparison
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Different Trading Currencies
SUSD.L is traded in GBP, while LQDS.L is traded in GBp. To make them comparable, the LQDS.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 LQDS.L's 0.31% 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%
LQDS.L
- 1D
- 0.29%
- 1M
- 1.35%
- YTD
- 0.31%
- 6M
- -0.20%
- 1Y
- 6.56%
- 3Y*
- 2.28%
- 5Y*
- 1.06%
- 10Y*
- —
SUSD.L vs. LQDS.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% |
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 0.31% | 0.56% | 2.80% | 3.05% | -7.97% | -0.39% | 6.90% | 14.25% | 1.50% | -2.69% |
Correlation
The correlation between SUSD.L and LQDS.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2016 | 0.71 |
The correlation between SUSD.L and LQDS.L shifts across timeframes, from 0.57 (3 years) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SUSD.L vs. LQDS.L — Risk / Return Rank
SUSD.L
LQDS.L
SUSD.L vs. LQDS.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 (Dist) (LQDS.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 | LQDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.33 | -0.07 |
| Martin ratioReturn relative to average drawdown | 3.31 | 3.22 | +0.09 |
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 | LQDS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.99 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.11 | +0.38 |
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 | 0.23 | +0.18 |
Drawdowns
SUSD.L vs. LQDS.L - Drawdown Comparison
The maximum SUSD.L drawdown since its inception was -15.18%, smaller than the maximum LQDS.L drawdown of -19.03%. Use the drawdown chart below to compare losses from any high point for SUSD.L and LQDS.L.
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Drawdown Indicators
| SUSD.L | LQDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -19.03% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -4.90% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -9.03% | -8.84% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -15.27% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -15.18% | — | — |
Current DrawdownCurrent decline from peak | -3.84% | -8.43% | +4.59% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -8.64% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.03% | -0.40% |
Volatility
SUSD.L vs. LQDS.L - Volatility Comparison
SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) and iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) have volatilities of 1.75% and 1.71%, 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.L | LQDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.71% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 4.86% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 6.60% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 9.43% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 10.10% | -0.87% |
SUSD.L vs. LQDS.L - Expense Ratio Comparison
SUSD.L has a 0.12% expense ratio, which is lower than LQDS.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. LQDS.L - Dividend Comparison
SUSD.L's dividend yield for the trailing twelve months is around 4.60%, less than LQDS.L's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 4.93% | 4.92% | 4.91% | 4.66% | 3.68% | 2.63% | 2.95% | 3.51% | 3.57% | 3.39% | 1.64% | 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 LQDS.L have a correlation of 0.66, 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 LQDS.L.
SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while LQDS.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 LQDS.L.
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