UC98.L vs. SUSU.L
UC98.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis) and SUSU.L (iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist)) are both Corporate Bonds funds - UC98.L tracks the Bloomberg US Corp Bond TR USD while SUSU.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, UC98.L returned 1.03%/yr vs 4.00%/yr for SUSU.L. A 0.57 correlation means they provide meaningful diversification when combined. UC98.L charges 0.20%/yr vs 0.12%/yr for SUSU.L.
Performance
UC98.L vs. SUSU.L - Performance Comparison
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Different Trading Currencies
UC98.L is traded in GBp, while SUSU.L is traded in USD. To make them comparable, the SUSU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UC98.L achieves a 2.66% return, which is significantly lower than SUSU.L's 3.44% return.
UC98.L
- 1D
- 0.62%
- 1M
- 3.34%
- YTD
- 2.66%
- 6M
- 3.49%
- 1Y
- 8.23%
- 3Y*
- 3.76%
- 5Y*
- 1.03%
- 10Y*
- 2.30%
SUSU.L
- 1D
- 0.39%
- 1M
- 2.34%
- YTD
- 3.44%
- 6M
- 3.91%
- 1Y
- 7.50%
- 3Y*
- 4.04%
- 5Y*
- 4.00%
- 10Y*
- —
UC98.L vs. SUSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | 2.66% | 0.33% | 3.62% | 2.43% | -7.46% | -1.33% | 6.37% | 12.84% | -1.80% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 3.44% | -1.97% | 7.29% | -0.08% | 9.44% | 0.79% | 0.23% | 0.20% | -1.40% |
Correlation
The correlation between UC98.L and SUSU.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.57 |
The correlation between UC98.L and SUSU.L has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
UC98.L vs. SUSU.L — Risk / Return Rank
UC98.L
SUSU.L
UC98.L vs. SUSU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.L) and iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.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.
| UC98.L | SUSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.45 | +0.23 |
| Martin ratioReturn relative to average drawdown | 4.05 | 4.14 | -0.08 |
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Drawdowns
UC98.L vs. SUSU.L - Drawdown Comparison
The maximum UC98.L drawdown since its inception was -36.07%, which is greater than SUSU.L's maximum drawdown of -15.81%. Use the drawdown chart below to compare losses from any high point for UC98.L and SUSU.L.
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Drawdown Indicators
| UC98.L | SUSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -15.81% | -20.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -5.14% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -9.09% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -15.81% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -19.62% | — | — |
Current DrawdownCurrent decline from peak | -7.60% | -2.70% | -4.90% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -6.98% | -7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.81% | +0.22% |
Volatility
UC98.L vs. SUSU.L - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.L) and iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.L) have volatilities of 1.65% and 1.67%, 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
| UC98.L | SUSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.67% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 5.20% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 6.65% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.95% | 8.44% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 8.65% | +1.26% |
UC98.L vs. SUSU.L - Expense Ratio Comparison
UC98.L has a 0.20% expense ratio, which is higher than SUSU.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%.
Dividends
UC98.L vs. SUSU.L - Dividend Comparison
UC98.L's dividend yield for the trailing twelve months is around 4.36%, less than SUSU.L's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 4.48% | 4.60% | 4.71% | 4.01% | 1.59% | 0.82% | 2.24% | 2.90% | 0.00% | 0.00% |
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | 4.36% | 5.96% | 4.81% | 3.91% | 2.35% | 2.01% | 2.72% | 3.27% | 2.04% | 1.74% |
Frequently Asked Questions
UC98.L and SUSU.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUSU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUSU.L is cheaper with a 0.12% expense ratio, compared with 0.20% for UC98.L.
UC98.L tracks Bloomberg US Corp Bond TR USD, while SUSU.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.20% for UC98.L and 0.12% for SUSU.L.
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