VUCP.L vs. SUSD.L
VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) and SUSD.L (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds - VUCP.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 10 years, VUCP.L returned 2.70%/yr vs 3.36%/yr for SUSD.L. Their correlation of 0.80 suggests significant overlap in exposure. VUCP.L charges 0.09%/yr vs 0.12%/yr for SUSD.L.
Performance
VUCP.L vs. SUSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, VUCP.L achieves a 0.04% return, which is significantly lower than SUSD.L's 1.34% return. Over the past 10 years, VUCP.L has underperformed SUSD.L with an annualized return of 2.70%, while SUSD.L has yielded a comparatively higher 3.36% annualized return.
VUCP.L
- 1D
- 0.29%
- 1M
- 1.42%
- YTD
- 0.04%
- 6M
- -0.47%
- 1Y
- 5.40%
- 3Y*
- 1.87%
- 5Y*
- 1.01%
- 10Y*
- 2.70%
SUSD.L
- 1D
- 0.05%
- 1M
- 1.28%
- YTD
- 1.34%
- 6M
- 0.97%
- 1Y
- 5.41%
- 3Y*
- 2.52%
- 5Y*
- 4.04%
- 10Y*
- 3.36%
VUCP.L vs. SUSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 0.04% | -0.91% | 4.32% | 1.29% | -5.38% | -0.63% | 4.96% | 10.22% | 2.22% | -3.67% |
SUSD.L SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 1.34% | -1.69% | 7.18% | -0.46% | 9.68% | 1.10% | -0.39% | 1.34% | 7.32% | -7.71% |
Correlation
The correlation between VUCP.L and SUSD.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.80 |
The correlation between VUCP.L and SUSD.L shifts across timeframes, from 0.70 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VUCP.L vs. SUSD.L — Risk / Return Rank
VUCP.L
SUSD.L
VUCP.L vs. SUSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.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.
| VUCP.L | SUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.26 | -0.19 |
| Martin ratioReturn relative to average drawdown | 2.44 | 3.31 | -0.87 |
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
| VUCP.L | SUSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.87 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.49 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.37 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.40 | -0.13 |
Drawdowns
VUCP.L vs. SUSD.L - Drawdown Comparison
The maximum VUCP.L drawdown since its inception was -16.84%, which is greater than SUSD.L's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for VUCP.L and SUSD.L.
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Drawdown Indicators
| VUCP.L | SUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -15.18% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -4.27% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -9.00% | -9.03% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -13.14% | -15.18% | +2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -16.84% | -15.18% | -1.66% |
Current DrawdownCurrent decline from peak | -7.67% | -3.84% | -3.83% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -5.84% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.63% | +0.58% |
Volatility
VUCP.L vs. SUSD.L - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) is 1.62%, while SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SUSD.L) has a volatility of 1.75%. This indicates that VUCP.L experiences smaller price fluctuations and is considered to be less risky 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
| VUCP.L | SUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.75% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 4.50% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 6.19% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 8.17% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 9.23% | +0.69% |
VUCP.L vs. SUSD.L - Expense Ratio Comparison
VUCP.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
VUCP.L vs. SUSD.L - Dividend Comparison
VUCP.L's dividend yield for the trailing twelve months is around 3.85%, less 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% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 3.85% | 4.02% | 4.73% | 3.57% | 2.79% | 1.85% | 2.36% | 2.64% | 2.58% | 2.57% | 1.73% | 0.00% |
Frequently Asked Questions
VUCP.L and SUSD.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUCP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCP.L is cheaper with a 0.09% expense ratio, compared with 0.12% for SUSD.L.
VUCP.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: Vanguard and State Street. Their fees differ too: 0.09% for VUCP.L and 0.12% for SUSD.L.
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