XBLC.L vs. SUOE.L
XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and SUOE.L (iShares EUR Corporate Bond ESG UCITS ETF (Dist)) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from Xtrackers and iShares respectively. Both are passively managed. Over the past 5 years, XBLC.L returned 0.08%/yr vs 0.03%/yr for SUOE.L. Their correlation of 0.87 suggests significant overlap in exposure. XBLC.L charges 0.12%/yr vs 0.15%/yr for SUOE.L.
Performance
XBLC.L vs. SUOE.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XBLC.L having a 0.55% return and SUOE.L slightly higher at 0.57%.
XBLC.L
- 1D
- 0.10%
- 1M
- 0.71%
- YTD
- 0.55%
- 6M
- 0.44%
- 1Y
- 1.87%
- 3Y*
- 4.55%
- 5Y*
- 0.08%
- 10Y*
- —
SUOE.L
- 1D
- 0.15%
- 1M
- 0.75%
- YTD
- 0.57%
- 6M
- 0.37%
- 1Y
- 1.88%
- 3Y*
- 4.51%
- 5Y*
- 0.03%
- 10Y*
- —
XBLC.L vs. SUOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.55% | 2.95% | 4.36% | 7.51% | -13.29% | -1.05% | 2.52% | 6.28% | -0.59% |
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 0.57% | 2.96% | 4.25% | 7.30% | -13.15% | -1.22% | 2.57% | 6.04% | -0.59% |
Correlation
The correlation between XBLC.L and SUOE.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.87 |
The correlation between XBLC.L and SUOE.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
XBLC.L vs. SUOE.L — Risk / Return Rank
XBLC.L
SUOE.L
XBLC.L vs. SUOE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) and iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.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.
| XBLC.L | SUOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.69 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.42 | 2.44 | -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
| XBLC.L | SUOE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.61 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.01 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.17 | +0.01 |
Drawdowns
XBLC.L vs. SUOE.L - Drawdown Comparison
The maximum XBLC.L drawdown since its inception was -17.18%, roughly equal to the maximum SUOE.L drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for XBLC.L and SUOE.L.
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Drawdown Indicators
| XBLC.L | SUOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -17.06% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.72% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -2.72% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -17.06% | -0.12% |
Current DrawdownCurrent decline from peak | -1.05% | -1.09% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -4.76% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.77% | 0.00% |
Volatility
XBLC.L vs. SUOE.L - Volatility Comparison
Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) and iShares EUR Corporate Bond ESG UCITS ETF (Dist) (SUOE.L) have volatilities of 1.18% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBLC.L | SUOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.24% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.71% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.10% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 4.80% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 5.49% | -0.78% |
XBLC.L vs. SUOE.L - Expense Ratio Comparison
XBLC.L has a 0.12% expense ratio, which is lower than SUOE.L's 0.15% 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
XBLC.L vs. SUOE.L - Dividend Comparison
XBLC.L has not paid dividends to shareholders, while SUOE.L's dividend yield for the trailing twelve months is around 3.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SUOE.L iShares EUR Corporate Bond ESG UCITS ETF (Dist) | 3.27% | 3.23% | 3.18% | 2.52% | 0.83% | 0.47% | 0.57% | 0.77% | 0.30% |
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBLC.L and SUOE.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBLC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBLC.L is cheaper with a 0.12% expense ratio, compared with 0.15% for SUOE.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XBLC.L and 0.15% for SUOE.L.
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