SUSS.L vs. CBSE.L
SUSS.L (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist)) and CBSE.L (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis) are both European Corporate Bonds funds - SUSS.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while CBSE.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SUSS.L returned 1.74%/yr vs -0.11%/yr for CBSE.L. Their correlation of 0.83 suggests significant overlap in exposure. SUSS.L charges 0.12%/yr vs 0.20%/yr for CBSE.L.
Performance
SUSS.L vs. CBSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUSS.L achieves a -0.34% return, which is significantly higher than CBSE.L's -0.42% return.
SUSS.L
- 1D
- 0.20%
- 1M
- 0.67%
- YTD
- -0.34%
- 6M
- -0.17%
- 1Y
- 4.72%
- 3Y*
- 3.86%
- 5Y*
- 1.74%
- 10Y*
- 1.87%
CBSE.L
- 1D
- 0.27%
- 1M
- 1.08%
- YTD
- -0.42%
- 6M
- -0.53%
- 1Y
- 4.75%
- 3Y*
- 5.05%
- 5Y*
- -0.11%
- 10Y*
- —
SUSS.L vs. CBSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSS.L iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) | -0.34% | 8.41% | -0.49% | 2.14% | 1.81% | -6.73% | 5.98% | -4.20% | 0.44% | 3.40% |
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | -0.42% | 8.60% | -0.00% | 5.96% | -10.95% | -7.70% | 8.93% | 2.37% | -1.04% | 8.00% |
Correlation
The correlation between SUSS.L and CBSE.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.83 |
The correlation between SUSS.L and CBSE.L shifts across timeframes, from 0.76 (5 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SUSS.L vs. CBSE.L — Risk / Return Rank
SUSS.L
CBSE.L
SUSS.L vs. CBSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) (SUSS.L) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.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.
| SUSS.L | CBSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.15 | +0.79 |
| Martin ratioReturn relative to average drawdown | 4.52 | 2.96 | +1.56 |
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
| SUSS.L | CBSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.97 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | -0.02 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.17 | +0.15 |
Drawdowns
SUSS.L vs. CBSE.L - Drawdown Comparison
The maximum SUSS.L drawdown since its inception was -12.27%, smaller than the maximum CBSE.L drawdown of -24.02%. Use the drawdown chart below to compare losses from any high point for SUSS.L and CBSE.L.
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Drawdown Indicators
| SUSS.L | CBSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -24.02% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -4.12% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | -4.12% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -5.87% | -19.55% | +13.68% |
Max Drawdown (10Y)Largest decline over 10 years | -12.27% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -7.66% | +6.29% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -9.73% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.60% | -0.56% |
Volatility
SUSS.L vs. CBSE.L - Volatility Comparison
The current volatility for iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) (SUSS.L) is 1.27%, while UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) has a volatility of 1.58%. This indicates that SUSS.L experiences smaller price fluctuations and is considered to be less risky than CBSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUSS.L | CBSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.58% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.79% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 4.87% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 6.43% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 7.44% | -0.39% |
SUSS.L vs. CBSE.L - Expense Ratio Comparison
SUSS.L has a 0.12% expense ratio, which is lower than CBSE.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
SUSS.L vs. CBSE.L - Dividend Comparison
SUSS.L's dividend yield for the trailing twelve months is around 2.94%, less than CBSE.L's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | 3.50% | 3.72% | 3.18% | 1.80% | 0.58% | 0.59% | 0.61% | 1.03% | 1.42% | 0.48% | 0.00% |
SUSS.L iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR (Dist) | 2.94% | 2.99% | 3.00% | 1.95% | 0.31% | 0.13% | 0.23% | 0.28% | 0.13% | 0.12% | 0.17% |
Frequently Asked Questions
SUSS.L and CBSE.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUSS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUSS.L is cheaper with a 0.12% expense ratio, compared with 0.20% for CBSE.L.
SUSS.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while CBSE.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and UBS. Their fees differ too: 0.12% for SUSS.L and 0.20% for CBSE.L.
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