USCR.L vs. USDC.L

Last updated Jul 17, 2026

USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD Distributing) are both Corporate Bonds funds - USCR.L tracks the Bloomberg US Corp Bond TR USD while USDC.L tracks the L&G USD Corporate Bond Screened UCITS ETF USD Distributing. Both are passively managed. Over the past 5 years, USCR.L returned -0.13%/yr vs 0.12%/yr for USDC.L. Their correlation of 0.91 suggests significant overlap in exposure. USCR.L charges 0.15%/yr vs 0.09%/yr for USDC.L.

Performance

USCR.L vs. USDC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) and L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USCR.L achieves a -0.36% return, which is significantly higher than USDC.L's -2.18% return.

USCR.L

• 1D: 0.00%
• 1M: -0.85%
• 6M: -0.36%
• YTD: -0.36%
• 1Y: 4.65%
• 3Y*: 4.70%
• 5Y*: -0.13%
• 10Y*: —

USDC.L

• 1D: -0.04%
• 1M: -0.61%
• 6M: 0.19%
• YTD: -2.18%
• 1Y: 2.22%
• 3Y*: 4.39%
• 5Y*: 0.12%
• 10Y*: —

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

USCR.L vs. USDC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	-0.36%	7.70%	2.20%	8.01%	-15.77%	-0.42%
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing	-2.18%	7.42%	3.13%	8.35%	-13.91%	-0.43%

Correlation

The correlation between USCR.L and USDC.L is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021	0.91

The correlation between USCR.L and USDC.L has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

USCR.L vs. USDC.L — Risk / Return Rank

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

USCR.L

USCR.L Risk / Return Rank: 33
USCR.L Sharpe Ratio Rank: 32
USCR.L Sortino Ratio Rank: 31
USCR.L Omega Ratio Rank: 30
USCR.L Calmar Ratio Rank: 38
USCR.L Martin Ratio Rank: 36

USDC.L

USDC.L Risk / Return Rank: 15
USDC.L Sharpe Ratio Rank: 16
USDC.L Sortino Ratio Rank: 14
USDC.L Omega Ratio Rank: 16
USDC.L Calmar Ratio Rank: 16
USDC.L Martin Ratio Rank: 16

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.

USCR.L vs. USDC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) and L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.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.

	USCR.L	USDC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.98	0.38	+0.60
Sortino ratio: Return per unit of downside risk	1.42	0.50	+0.92
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.09
Calmar ratio: Return relative to maximum drawdown	1.60	0.45	+1.16
Martin ratio: Return relative to average drawdown	4.56	1.05	+3.52

USCR.L vs. USDC.L - Sharpe Ratio Comparison

The current USCR.L Sharpe Ratio is 0.98, which is higher than the USDC.L Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of USCR.L and USDC.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.

Drawdowns

USCR.L vs. USDC.L - Drawdown Comparison

The maximum USCR.L drawdown since its inception was -22.42%, which is greater than USDC.L's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for USCR.L and USDC.L.

Drawdown Indicators

	USCR.L	USDC.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.42%	-20.07%	-2.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.89%	-4.92%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-6.09%	-4.92%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-22.42%	-20.07%	-2.35%
Current Drawdown Current decline from peak	-1.75%	-2.94%	+1.19%
Average Drawdown Average peak-to-trough decline	-8.15%	-6.75%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	2.12%	-1.10%

Volatility

USCR.L vs. USDC.L - Volatility Comparison

SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) has a higher volatility of 1.24% compared to L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) at 1.13%. This indicates that USCR.L's price experiences larger fluctuations and is considered to be riskier than USDC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCR.L	USDC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.13%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	3.60%	3.80%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	5.88%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.21%	6.28%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.96%	6.12%	+0.84%

USCR.L vs. USDC.L - Expense Ratio Comparison

USCR.L has a 0.15% expense ratio, which is higher than USDC.L's 0.09% 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

USCR.L vs. USDC.L - Dividend Comparison

USCR.L has not paid dividends to shareholders, while USDC.L's dividend yield for the trailing twelve months is around 4.82%.

Position	TTM	2025	2024	2023	2022	2021
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing	4.82%	4.47%	4.08%	3.24%	2.36%	0.78%

Frequently Asked Questions

Can I hold both USCR.L and USDC.L in my portfolio?

USCR.L and USDC.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USCR.L or USDC.L?

On fees, USDC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USCR.L or USDC.L?

USDC.L is cheaper with a 0.09% expense ratio, compared with 0.15% for USCR.L.

What is the main difference between USCR.L and USDC.L?

USCR.L tracks Bloomberg US Corp Bond TR USD, while USDC.L tracks L&G USD Corporate Bond Screened UCITS ETF USD Distributing. They also come from different issuers: State Street and L&G. Their fees differ too: 0.15% for USCR.L and 0.09% for USDC.L.