USDG.L vs. SUSD.L
USDG.L (L&G ESG USD Corporate Bond UCITS ETF) and SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds - USDG.L tracks the Bloomberg US Corp Bond TR USD while SUSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, USDG.L returned 2.06%/yr vs 4.04%/yr for SUSD.L. A 0.77 correlation means they provide meaningful diversification when combined. USDG.L charges 0.09%/yr vs 0.12%/yr for SUSD.L.
Performance
USDG.L vs. SUSD.L - Performance Comparison
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Different Trading Currencies
USDG.L is traded in GBp, while SUSD.L is traded in GBP. To make them comparable, the SUSD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, USDG.L achieves a 0.73% return, which is significantly lower than SUSD.L's 1.34% return.
USDG.L
- 1D
- 0.34%
- 1M
- 1.26%
- YTD
- 0.73%
- 6M
- 0.27%
- 1Y
- 6.86%
- 3Y*
- 2.83%
- 5Y*
- 2.06%
- 10Y*
- —
SUSD.L
- 1D
- 0.05%
- 1M
- 1.52%
- YTD
- 1.34%
- 6M
- 0.80%
- 1Y
- 5.70%
- 3Y*
- 2.52%
- 5Y*
- 4.04%
- 10Y*
- 3.36%
USDG.L vs. SUSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USDG.L L&G ESG USD Corporate Bond UCITS ETF | 0.73% | 0.15% | 4.75% | 2.41% | -3.62% | 1.57% |
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 1.34% | -1.69% | 7.18% | -0.46% | 9.68% | 1.61% |
Correlation
The correlation between USDG.L and SUSD.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | 0.77 |
The correlation between USDG.L and SUSD.L has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
USDG.L vs. SUSD.L — Risk / Return Rank
USDG.L
SUSD.L
USDG.L vs. SUSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG USD Corporate Bond UCITS ETF (USDG.L) and SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.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.
| USDG.L | SUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.26 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.32 | 3.31 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USDG.L | SUSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.87 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.49 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.40 | -0.28 |
Drawdowns
USDG.L vs. SUSD.L - Drawdown Comparison
The maximum USDG.L drawdown since its inception was -12.80%, smaller than the maximum SUSD.L drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for USDG.L and SUSD.L.
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Drawdown Indicators
| USDG.L | SUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.80% | -15.18% | +2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -4.27% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.61% | -9.03% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.80% | -15.18% | +2.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.18% | — |
Current DrawdownCurrent decline from peak | -2.29% | -3.84% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -5.84% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.63% | +0.34% |
Volatility
USDG.L vs. SUSD.L - Volatility Comparison
L&G ESG USD Corporate Bond UCITS ETF (USDG.L) has a higher volatility of 1.98% compared to SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) at 1.75%. This indicates that USDG.L's price experiences larger fluctuations and is considered to be riskier than SUSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDG.L | SUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 1.75% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 4.50% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 6.19% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.67% | 8.17% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 9.23% | -0.59% |
USDG.L vs. SUSD.L - Expense Ratio Comparison
USDG.L has a 0.09% expense ratio, which is lower than SUSD.L's 0.12% 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
USDG.L vs. SUSD.L - Dividend Comparison
USDG.L's dividend yield for the trailing twelve months is around 4.67%, more than SUSD.L's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.60% | 4.91% | 4.20% | 3.11% | 1.14% | 1.80% | 2.77% | 2.57% | 1.66% | 1.74% | 1.28% | 1.00% |
USDG.L L&G ESG USD Corporate Bond UCITS ETF | 4.67% | 4.70% | 3.99% | 3.27% | 2.25% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USDG.L and SUSD.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USDG.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USDG.L is cheaper with a 0.09% expense ratio, compared with 0.12% for SUSD.L.
USDG.L tracks Bloomberg US Corp Bond TR USD, while SUSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.09% for USDG.L and 0.12% for SUSD.L.
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