TSY3.L vs. SGSU.L
TSY3.L (SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF) and SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - TSY3.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index, while SGSU.L is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD). Both are passively managed. Over the past 5 years, TSY3.L returned 2.37%/yr vs 2.53%/yr for SGSU.L. At a correlation of -0.09, they often move in opposite directions. TSY3.L charges 0.05%/yr vs 0.14%/yr for SGSU.L.
Performance
TSY3.L vs. SGSU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSY3.L achieves a 0.90% return, which is significantly lower than SGSU.L's 1.47% return.
TSY3.L
- 1D
- 0.29%
- 1M
- -0.24%
- 6M
- 0.49%
- YTD
- 0.90%
- 1Y
- 2.97%
- 3Y*
- 3.27%
- 5Y*
- 2.37%
- 10Y*
- 1.54%
SGSU.L
- 1D
- -0.21%
- 1M
- -0.00%
- 6M
- 1.25%
- YTD
- 1.47%
- 1Y
- 3.87%
- 3Y*
- 4.82%
- 5Y*
- 2.53%
- 10Y*
- —
TSY3.L vs. SGSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 0.90% | -2.01% | 5.77% | -1.64% | 7.59% | 0.49% | -0.43% | -2.65% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.47% | 5.12% | 5.16% | 4.29% | -2.66% | -0.43% | 2.44% | 0.80% |
Correlation
The correlation between TSY3.L and SGSU.L is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | -0.09 |
The correlation between TSY3.L and SGSU.L shifts across timeframes, from -0.20 (1 year) to -0.09 (all time), 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
TSY3.L vs. SGSU.L — Risk / Return Rank
TSY3.L
SGSU.L
TSY3.L vs. SGSU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) and iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSY3.L | SGSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.71 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 9.26 | -8.60 |
| Martin ratioReturn relative to average drawdown | 1.66 | 28.87 | -27.22 |
Loading charts...
Drawdowns
TSY3.L vs. SGSU.L - Drawdown Comparison
The maximum TSY3.L drawdown since its inception was -41.41%, which is greater than SGSU.L's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for TSY3.L and SGSU.L.
Loading charts...
Drawdown Indicators
| TSY3.L | SGSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.41% | -8.45% | -32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -0.42% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -0.62% | -8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -4.83% | -11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | — | — |
Current DrawdownCurrent decline from peak | -8.67% | -0.21% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -19.38% | -0.84% | -18.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 0.13% | +1.66% |
Volatility
TSY3.L vs. SGSU.L - Volatility Comparison
SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) has a higher volatility of 1.23% compared to iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) at 0.48%. This indicates that TSY3.L's price experiences larger fluctuations and is considered to be riskier than SGSU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSY3.L | SGSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.48% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 1.22% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 1.73% | +4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 2.14% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.53% | 3.02% | +5.51% |
TSY3.L vs. SGSU.L - Expense Ratio Comparison
TSY3.L has a 0.05% expense ratio, which is lower than SGSU.L's 0.14% 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
TSY3.L vs. SGSU.L - Dividend Comparison
TSY3.L's dividend yield for the trailing twelve months is around 3.91%, less than SGSU.L's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.47% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 3.91% | 4.25% | 4.06% | 3.02% | 0.61% | 0.56% | 1.84% | 2.14% | 1.78% | 1.34% | 0.87% | 0.80% |
Frequently Asked Questions
TSY3.L and SGSU.L have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSY3.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSY3.L is cheaper with a 0.05% expense ratio, compared with 0.14% for SGSU.L.
TSY3.L is categorized as Government Bonds, while SGSU.L is Short-Term Bond. TSY3.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while SGSU.L tracks Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD). They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for TSY3.L and 0.14% for SGSU.L.
Find the right allocation for TSY3.L and SGSU.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