UC81.L vs. LCRP.L

Last updated Apr 2, 2026

Compare and contrast key facts about UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L).

UC81.L and LCRP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UC81.L is a passively managed fund by UBS that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Dec 1, 2014. LCRP.L is a passively managed fund by State Street that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Dec 2, 2015. Both UC81.L and LCRP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UC81.L vs. LCRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L). The values are adjusted to include any dividend payments, if applicable.

UC81.L vs. LCRP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis	0.94%	-0.20%	6.44%	0.38%	4.76%	0.32%	1.51%	4.23%	6.12%	-6.53%
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF	0.00%	-1.12%	0.56%	4.59%	-16.57%	-0.11%	10.05%	16.19%	-5.81%	-2.15%

Different Trading Currencies

UC81.L is traded in GBp, while LCRP.L is traded in GBP. To make them comparable, the LCRP.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

Over the past 10 years, UC81.L has outperformed LCRP.L with an annualized return of 3.21%, while LCRP.L has yielded a comparatively lower 1.65% annualized return.

UC81.L

• 1D: -0.67%
• 1M: -0.22%
• YTD: 0.94%
• 6M: 2.33%
• 1Y: 1.76%
• 3Y*: 2.73%
• 5Y*: 2.94%
• 10Y*: 3.21%

LCRP.L

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -0.86%
• 1Y: -0.30%
• 3Y*: 0.58%
• 5Y*: -1.10%
• 10Y*: 1.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UC81.L vs. LCRP.L - Expense Ratio Comparison

UC81.L has a 0.18% expense ratio, which is higher than LCRP.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

UC81.L

UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis

LCRP.L

SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF

Return for Risk

UC81.L vs. LCRP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UC81.L

UC81.L Risk / Return Rank: 17
UC81.L Sharpe Ratio Rank: 18
UC81.L Sortino Ratio Rank: 17
UC81.L Omega Ratio Rank: 16
UC81.L Calmar Ratio Rank: 19
UC81.L Martin Ratio Rank: 16

LCRP.L

LCRP.L Risk / Return Rank: 11
LCRP.L Sharpe Ratio Rank: 12
LCRP.L Sortino Ratio Rank: 11
LCRP.L Omega Ratio Rank: 11
LCRP.L Calmar Ratio Rank: 11
LCRP.L Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UC81.L vs. LCRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.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.

	UC81.L	LCRP.L	Difference
Sharpe ratio Return per unit of total volatility	0.27	0.03	+0.24
Sortino ratio Return per unit of downside risk	0.43	0.10	+0.33
Omega ratio Gain probability vs. loss probability	1.05	1.02	+0.04
Calmar ratio Return relative to maximum drawdown	0.42	-0.04	+0.46
Martin ratio Return relative to average drawdown	0.82	-0.07	+0.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC81.L vs. LCRP.L - Sharpe Ratio Comparison

The current UC81.L Sharpe Ratio is 0.27, which is higher than the LCRP.L Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of UC81.L and LCRP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UC81.L	LCRP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.03	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	-0.09	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.13	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.21	+0.23

Correlation

The correlation between UC81.L and LCRP.L is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UC81.L vs. LCRP.L - Dividend Comparison

UC81.L's dividend yield for the trailing twelve months is around 4.65%, more than LCRP.L's 2.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis	4.65%	5.59%	4.77%	3.28%	1.36%	1.58%	2.75%	2.90%	2.20%	2.16%	1.86%	0.84%
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF	2.75%	5.64%	5.14%	4.64%	4.37%	3.29%	3.49%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

UC81.L vs. LCRP.L - Drawdown Comparison

The maximum UC81.L drawdown since its inception was -14.94%, smaller than the maximum LCRP.L drawdown of -28.37%. Use the drawdown chart below to compare losses from any high point for UC81.L and LCRP.L.

Drawdown Indicators

	UC81.L	LCRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.94%	-28.37%	+13.43%
Max Drawdown (1Y) Largest decline over 1 year	-5.07%	-8.49%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-14.31%	-26.17%	+11.86%
Max Drawdown (10Y) Largest decline over 10 years	-14.94%	-28.37%	+13.43%
Current Drawdown Current decline from peak	-2.12%	-18.73%	+16.61%
Average Drawdown Average peak-to-trough decline	-5.60%	-12.71%	+7.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.23%	-1.61%

Volatility

UC81.L vs. LCRP.L - Volatility Comparison

UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) has a higher volatility of 1.93% compared to SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) at 0.00%. This indicates that UC81.L's price experiences larger fluctuations and is considered to be riskier than LCRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UC81.L	LCRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	0.00%	+1.93%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	4.04%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	6.44%	9.67%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.81%	12.22%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	12.94%	-3.74%