SUSD.L vs. UC84.L
SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and UC84.L (UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis) are both Corporate Bonds funds - SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD while UC84.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 10 years, SUSD.L returned 3.36%/yr vs 3.15%/yr for UC84.L. A 0.77 correlation means they provide meaningful diversification when combined. SUSD.L charges 0.12%/yr vs 0.18%/yr for UC84.L.
Performance
SUSD.L vs. UC84.L - Performance Comparison
Loading charts...
Different Trading Currencies
SUSD.L is traded in GBP, while UC84.L is traded in GBp. To make them comparable, the UC84.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 UC84.L's 0.32% return. Over the past 10 years, SUSD.L has outperformed UC84.L with an annualized return of 3.36%, while UC84.L has yielded a comparatively lower 3.15% 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%
UC84.L
- 1D
- 0.23%
- 1M
- 1.54%
- YTD
- 0.32%
- 6M
- -0.15%
- 1Y
- 6.36%
- 3Y*
- 2.40%
- 5Y*
- 1.22%
- 10Y*
- 3.15%
SUSD.L vs. UC84.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% |
UC84.L UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis | 0.32% | 0.41% | 3.96% | 2.43% | -7.77% | -0.84% | 6.02% | 13.64% | 2.44% | -3.36% |
Correlation
The correlation between SUSD.L and UC84.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2014 | 0.77 |
The correlation between SUSD.L and UC84.L shifts across timeframes, from 0.66 (5 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SUSD.L vs. UC84.L — Risk / Return Rank
SUSD.L
UC84.L
SUSD.L vs. UC84.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 UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis (UC84.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 | UC84.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.31 | -0.05 |
| Martin ratioReturn relative to average drawdown | 3.31 | 3.20 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SUSD.L | UC84.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.04 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.13 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.30 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.39 | +0.01 |
Drawdowns
SUSD.L vs. UC84.L - Drawdown Comparison
The maximum SUSD.L drawdown since its inception was -15.18%, smaller than the maximum UC84.L drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for SUSD.L and UC84.L.
Loading charts...
Drawdown Indicators
| SUSD.L | UC84.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -18.73% | +3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -4.83% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -9.03% | -8.52% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -14.49% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -15.18% | -18.73% | +3.55% |
Current DrawdownCurrent decline from peak | -3.84% | -8.33% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -8.19% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.98% | -0.35% |
Volatility
SUSD.L vs. UC84.L - Volatility Comparison
SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) has a higher volatility of 1.75% compared to UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis (UC84.L) at 1.50%. This indicates that SUSD.L's price experiences larger fluctuations and is considered to be riskier than UC84.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SUSD.L | UC84.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.50% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 4.47% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 6.08% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 9.08% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 10.40% | -1.17% |
SUSD.L vs. UC84.L - Expense Ratio Comparison
SUSD.L has a 0.12% expense ratio, which is lower than UC84.L's 0.18% 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. UC84.L - Dividend Comparison
SUSD.L's dividend yield for the trailing twelve months is around 4.60%, less than UC84.L's 5.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC84.L UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis | 5.52% | 4.82% | 4.55% | 4.27% | 2.69% | 2.28% | 3.02% | 3.48% | 3.37% | 2.98% | 3.21% | 1.40% |
Frequently Asked Questions
SUSD.L and UC84.L have a correlation of 0.77, 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 0.18% for UC84.L.
SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD, while UC84.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and UBS. Their fees differ too: 0.12% for SUSD.L and 0.18% for UC84.L.
Find the right allocation for SUSD.L and UC84.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer