UCRP.L vs. IUCB.L

Last updated Jun 5, 2026

UCRP.L (Amundi Index US Corporate SRI UCITS ETF DR (C)) and IUCB.L (SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from Amundi and State Street respectively. Both are passively managed. Over the past 5 years, UCRP.L returned 1.54%/yr vs 3.03%/yr for IUCB.L. A 0.53 correlation means they provide meaningful diversification when combined. UCRP.L charges 0.14%/yr vs 0.12%/yr for IUCB.L.

Performance

UCRP.L vs. IUCB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index US Corporate SRI UCITS ETF DR (C) (UCRP.L) and SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UCRP.L is traded in GBp, while IUCB.L is traded in USD. To make them comparable, the IUCB.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UCRP.L achieves a 0.31% return, which is significantly lower than IUCB.L's 0.84% return.

UCRP.L

• 1D: 0.25%
• 1M: 1.37%
• YTD: 0.31%
• 6M: 0.04%
• 1Y: 6.13%
• 3Y*: 2.39%
• 5Y*: 1.54%
• 10Y*: —

IUCB.L

• 1D: 0.18%
• 1M: 1.19%
• YTD: 0.84%
• 6M: 0.18%
• 1Y: 6.13%
• 3Y*: 3.23%
• 5Y*: 3.03%
• 10Y*: —

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

UCRP.L vs. IUCB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UCRP.L Amundi Index US Corporate SRI UCITS ETF DR (C)	0.31%	0.44%	3.64%	2.29%	-5.01%	-0.67%	2.00%
IUCB.L SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF	0.81%	0.15%	6.37%	1.48%	1.51%	-1.48%	1.82%

Correlation

The correlation between UCRP.L and IUCB.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 24, 2020	0.53

The correlation between UCRP.L and IUCB.L shifts across timeframes, from 0.53 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UCRP.L vs. IUCB.L — Risk / Return Rank

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

UCRP.L

UCRP.L Risk / Return Rank: 27
UCRP.L Sharpe Ratio Rank: 29
UCRP.L Sortino Ratio Rank: 29
UCRP.L Omega Ratio Rank: 27
UCRP.L Calmar Ratio Rank: 28
UCRP.L Martin Ratio Rank: 25

IUCB.L

IUCB.L Risk / Return Rank: 45
IUCB.L Sharpe Ratio Rank: 40
IUCB.L Sortino Ratio Rank: 40
IUCB.L Omega Ratio Rank: 41
IUCB.L Calmar Ratio Rank: 54
IUCB.L Martin Ratio Rank: 51

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.

UCRP.L vs. IUCB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index US Corporate SRI UCITS ETF DR (C) (UCRP.L) and SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.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.

	UCRP.L	IUCB.L	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.87	+0.14
Sortino ratio: Return per unit of downside risk	1.54	1.27	+0.27
Omega ratio: Gain probability vs. loss probability	1.18	1.16	+0.02
Calmar ratio: Return relative to maximum drawdown	1.31	1.24	+0.07
Martin ratio: Return relative to average drawdown	3.14	3.48	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCRP.L vs. IUCB.L - Sharpe Ratio Comparison

The current UCRP.L Sharpe Ratio is 1.01, which is comparable to the IUCB.L Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of UCRP.L and IUCB.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UCRP.L	IUCB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.87	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.42	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.27	-0.23

Drawdowns

UCRP.L vs. IUCB.L - Drawdown Comparison

The maximum UCRP.L drawdown since its inception was -16.01%, roughly equal to the maximum IUCB.L drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for UCRP.L and IUCB.L.

Drawdown Indicators

	UCRP.L	IUCB.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.01%	-16.72%	+0.71%
Max Drawdown (1Y) Largest decline over 1 year	-4.65%	-5.02%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-8.22%	-7.91%	-0.31%
Max Drawdown (5Y) Largest decline over 5 years	-12.74%	-13.22%	+0.48%
Current Drawdown Current decline from peak	-5.44%	-1.74%	-3.70%
Average Drawdown Average peak-to-trough decline	-8.72%	-5.69%	-3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.78%	+0.17%

Volatility

UCRP.L vs. IUCB.L - Volatility Comparison

The current volatility for Amundi Index US Corporate SRI UCITS ETF DR (C) (UCRP.L) is 1.54%, while SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) has a volatility of 1.77%. This indicates that UCRP.L experiences smaller price fluctuations and is considered to be less risky than IUCB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCRP.L	IUCB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	1.77%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	4.50%	5.19%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	6.03%	7.16%	-1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.76%	9.52%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.78%	12.33%	-2.55%

UCRP.L vs. IUCB.L - Expense Ratio Comparison

UCRP.L has a 0.14% expense ratio, which is higher than IUCB.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

UCRP.L vs. IUCB.L - Dividend Comparison

UCRP.L has not paid dividends to shareholders, while IUCB.L's dividend yield for the trailing twelve months is around 4.67%.

Position	TTM	2025	2024	2023	2022	2021	2020
IUCB.L SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF	4.67%	4.66%	4.70%	3.89%	2.62%	2.37%	2.67%
UCRP.L Amundi Index US Corporate SRI UCITS ETF DR (C)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UCRP.L and IUCB.L in my portfolio?

UCRP.L and IUCB.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UCRP.L or IUCB.L?

On fees, IUCB.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UCRP.L or IUCB.L?

IUCB.L is cheaper with a 0.12% expense ratio, compared with 0.14% for UCRP.L.

What is the main difference between UCRP.L and IUCB.L?

Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.14% for UCRP.L and 0.12% for IUCB.L.