XZE5.L vs. SEUC.L

Last updated Jun 5, 2026

XZE5.L (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) and SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - XZE5.L tracks the Bloomberg Euro Corp TR EUR while SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. XZE5.L charges 0.16%/yr vs 0.20%/yr for SEUC.L.

Performance

XZE5.L vs. SEUC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.L) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XZE5.L is traded in GBP, while SEUC.L is traded in EUR. To make them comparable, the SEUC.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

XZE5.L

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

SEUC.L

• 1D: 0.17%
• 1M: 0.58%
• YTD: -0.19%
• 6M: -0.27%
• 1Y: 4.67%
• 3Y*: 3.87%
• 5Y*: 1.74%
• 10Y*: 1.85%

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

XZE5.L vs. SEUC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XZE5.L Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C	-0.42%	8.64%	-0.59%	3.12%	-1.52%	-6.82%	-0.17%
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF	-0.19%	8.55%	-0.52%	2.10%	1.44%	-6.18%	-0.87%

Correlation

The correlation between XZE5.L and SEUC.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020	0.80

The correlation between XZE5.L and SEUC.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

Return for Risk

XZE5.L vs. SEUC.L — Risk / Return Rank

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

SEUC.L

SEUC.L Risk / Return Rank: 57
SEUC.L Sharpe Ratio Rank: 52
SEUC.L Sortino Ratio Rank: 62
SEUC.L Omega Ratio Rank: 69
SEUC.L Calmar Ratio Rank: 47
SEUC.L Martin Ratio Rank: 54

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.

XZE5.L vs. SEUC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.L) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XZE5.L	SEUC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.15	—

Drawdowns

Drawdown Indicators

	XZE5.L	SEUC.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.58%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-12.34%	—
Current Drawdown Current decline from peak	—	-1.25%	—
Average Drawdown Average peak-to-trough decline	—	-6.39%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.02%	—

Volatility

Volatility by Period

	XZE5.L	SEUC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.40%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.10%	—

XZE5.L vs. SEUC.L - Expense Ratio Comparison

XZE5.L has a 0.16% expense ratio, which is lower than SEUC.L's 0.20% 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

XZE5.L vs. SEUC.L - Dividend Comparison

XZE5.L has not paid dividends to shareholders, while SEUC.L's dividend yield for the trailing twelve months is around 2.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF	2.96%	3.05%	2.59%	1.27%	0.19%	0.30%	0.23%	0.17%	0.11%	0.28%	0.50%	0.72%
XZE5.L Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XZE5.L and SEUC.L in my portfolio?

XZE5.L and SEUC.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZE5.L or SEUC.L?

On fees, XZE5.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZE5.L or SEUC.L?

XZE5.L is cheaper with a 0.16% expense ratio, compared with 0.20% for SEUC.L.

What is the main difference between XZE5.L and SEUC.L?

XZE5.L tracks Bloomberg Euro Corp TR EUR, while SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.16% for XZE5.L and 0.20% for SEUC.L.