USCR.L vs. XZBU.L

Last updated Jun 5, 2026

USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and XZBU.L (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from State Street and Xtrackers respectively. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. USCR.L charges 0.15%/yr vs 0.16%/yr for XZBU.L.

Performance

USCR.L vs. XZBU.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 Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

USCR.L is traded in USD, while XZBU.L is traded in GBP. To make them comparable, the XZBU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

USCR.L

• 1D: 0.26%
• 1M: 0.46%
• YTD: 0.18%
• 6M: 0.76%
• 1Y: 5.65%
• 3Y*: 5.01%
• 5Y*: 0.37%
• 10Y*: —

XZBU.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	0.18%	7.70%	2.19%	8.02%	-15.48%	-1.86%	2.28%
XZBU.L Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C	34.79%	8.26%	0.97%	8.41%	-18.49%	-1.77%	2.94%

Correlation

The correlation between USCR.L and XZBU.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020	0.78

The correlation between USCR.L and XZBU.L shifts across timeframes, from 0.65 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

USCR.L vs. XZBU.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: 36
USCR.L Sharpe Ratio Rank: 34
USCR.L Sortino Ratio Rank: 34
USCR.L Omega Ratio Rank: 32
USCR.L Calmar Ratio Rank: 40
USCR.L Martin Ratio Rank: 38

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. XZBU.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 Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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.

	USCR.L	XZBU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.20	—	—
Sortino ratio: Return per unit of downside risk	1.75	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	5.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USCR.L	XZBU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	—	—

Drawdowns

Drawdown Indicators

	USCR.L	XZBU.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.42%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.42%	—	—
Current Drawdown Current decline from peak	-1.21%	—	—
Average Drawdown Average peak-to-trough decline	-8.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	USCR.L	XZBU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.99%	—	—

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

USCR.L has a 0.15% expense ratio, which is lower than XZBU.L's 0.16% 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

USCR.L vs. XZBU.L - Dividend Comparison

Neither USCR.L nor XZBU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

USCR.L and XZBU.L have a correlation of 0.65, 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 XZBU.L?

On fees, USCR.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

USCR.L is cheaper with a 0.15% expense ratio, compared with 0.16% for XZBU.L.

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

Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for USCR.L and 0.16% for XZBU.L.