XYLD.L vs. IUCB.L

Last updated Jun 5, 2026

XYLD.L (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) and IUCB.L (SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from Xtrackers and State Street respectively. Both are passively managed. Over the past 5 years, XYLD.L returned 1.87%/yr vs 1.88%/yr for IUCB.L. At a 0.38 correlation, their price movements are largely independent. XYLD.L charges 0.16%/yr vs 0.12%/yr for IUCB.L.

Performance

XYLD.L vs. IUCB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) and SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XYLD.L achieves a 0.71% return, which is significantly higher than IUCB.L's 0.43% return.

XYLD.L

• 1D: 0.13%
• 1M: 0.25%
• YTD: 0.71%
• 6M: 1.14%
• 1Y: 4.16%
• 3Y*: 5.19%
• 5Y*: 1.87%
• 10Y*: —

IUCB.L

• 1D: 0.18%
• 1M: 0.27%
• YTD: 0.43%
• 6M: 0.88%
• 1Y: 5.11%
• 3Y*: 5.84%
• 5Y*: 1.88%
• 10Y*: —

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

XYLD.L vs. IUCB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D	0.71%	6.19%	4.89%	5.76%	-8.70%	0.36%	10.29%	17.18%	-1.70%
IUCB.L SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF	0.43%	7.84%	4.54%	7.17%	-9.26%	-1.61%	7.94%	8.74%	-0.99%

Correlation

The correlation between XYLD.L and IUCB.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 15, 2018	0.38

The correlation between XYLD.L and IUCB.L shifts across timeframes, from 0.38 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

XYLD.L vs. IUCB.L — Risk / Return Rank

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

XYLD.L

XYLD.L Risk / Return Rank: 71
XYLD.L Sharpe Ratio Rank: 63
XYLD.L Sortino Ratio Rank: 72
XYLD.L Omega Ratio Rank: 64
XYLD.L Calmar Ratio Rank: 78
XYLD.L Martin Ratio Rank: 78

IUCB.L

IUCB.L Risk / Return Rank: 45
IUCB.L Sharpe Ratio Rank: 40
IUCB.L Sortino Ratio Rank: 40
IUCB.L Omega Ratio Rank: 41
IUCB.L Calmar Ratio Rank: 54
IUCB.L Martin Ratio Rank: 51

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.

XYLD.L vs. IUCB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) and SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.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.

	XYLD.L	IUCB.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.38	+0.69
Sortino ratio: Return per unit of downside risk	3.18	2.02	+1.16
Omega ratio: Gain probability vs. loss probability	1.38	1.26	+0.12
Calmar ratio: Return relative to maximum drawdown	3.88	2.60	+1.28
Martin ratio: Return relative to average drawdown	15.03	8.50	+6.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XYLD.L vs. IUCB.L - Sharpe Ratio Comparison

The current XYLD.L Sharpe Ratio is 2.07, which is higher than the IUCB.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of XYLD.L and IUCB.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.

Sharpe Ratios by Period

	XYLD.L	IUCB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.38	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.47	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.48	+0.21

Drawdowns

XYLD.L vs. IUCB.L - Drawdown Comparison

The maximum XYLD.L drawdown since its inception was -18.93%, which is greater than IUCB.L's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for XYLD.L and IUCB.L.

Drawdown Indicators

	XYLD.L	IUCB.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-14.12%	-4.81%
Max Drawdown (1Y) Largest decline over 1 year	-1.07%	-2.00%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-1.42%	-3.53%	+2.11%
Max Drawdown (5Y) Largest decline over 5 years	-12.38%	-14.00%	+1.62%
Current Drawdown Current decline from peak	-0.05%	-0.61%	+0.56%
Average Drawdown Average peak-to-trough decline	-3.12%	-3.64%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.61%	-0.33%

Volatility

XYLD.L vs. IUCB.L - Volatility Comparison

The current volatility for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) is 0.88%, while SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) has a volatility of 1.09%. This indicates that XYLD.L experiences smaller price fluctuations and is considered to be less risky than IUCB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYLD.L	IUCB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	1.09%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	1.56%	2.46%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	2.01%	3.77%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.22%	5.24%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	7.66%	-1.83%

XYLD.L vs. IUCB.L - Expense Ratio Comparison

XYLD.L has a 0.16% expense ratio, which is higher than IUCB.L's 0.12% 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

XYLD.L vs. IUCB.L - Dividend Comparison

XYLD.L's dividend yield for the trailing twelve months is around 3.76%, less than IUCB.L's 4.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IUCB.L SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF	4.67%	4.66%	4.70%	3.89%	2.62%	2.37%	2.67%	0.00%
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D	3.76%	3.61%	3.34%	2.88%	6.03%	3.88%	3.78%	2.92%

Frequently Asked Questions

Can I hold both XYLD.L and IUCB.L in my portfolio?

XYLD.L and IUCB.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XYLD.L or IUCB.L?

On fees, IUCB.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XYLD.L or IUCB.L?

IUCB.L is cheaper with a 0.12% expense ratio, compared with 0.16% for XYLD.L.

What is the main difference between XYLD.L and IUCB.L?

Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.16% for XYLD.L and 0.12% for IUCB.L.