State Street® SPDR® Bloomberg Sterling Corporate Bond UCITS ETF (Dist)

State Street® SPDR® Bloomberg Sterling Corporate Bond UCITS ETF (Dist)

About

State Street® SPDR® Bloomberg Sterling Corporate Bond UCITS ETF (Dist) (IE00B4694Z11) is a UCITS-compliant bond ETF tracking the Bloomberg Sterling Corporate Bond Index. With a TER of 0.2%, it is competitively priced, distributing dividends. The fund holds 823 positions across 22 regions with 195M in assets, with heavy concentration — 51% in United Kingdom, 96% in corporate bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jul 2, 2026
Component Score Details
Overall 6.1 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 8.3 Tracking Difference: 10.0 · TD Consistency: 6.0 · Expense Ratio (TER): 5.5
Diversification (45%) 4.6 Holding Count: 7.5 · Country Concentration: 4.9 · Sector Concentration: 1.3
Liquidity (25%) 6.2 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

ISIN
Fund Size £194.8M
Issuer SPDR
Distribution Pays Dividends
Replication
Inception May 2012
Base Currency GBP
Index Bloomberg Sterling Corporate Bond Index
Asset Class Bonds

Costs

8.3
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

TER0.00%
Tracking Difference0.00%
TD Consistency0.00%
 
Metric Value
TER 0.20%
Tracking Difference (avg) 0.10%
TD Consistency (std dev) 0.11%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +2.01%
3 Months -1.31%
6 Months -0.01%
1 Year +5.82%
3 Years +20.02%
5 Years -2.69%
10 Years +24.34%
YTD +0.23%
Since Inception +66.09%

Holdings

7.5
This fund holds 823 individual investments, offering moderate diversification compared to other ETFs.
#1
G
Goldman Sachs Group Inc/The
0.48%
#2
A
Alphabet Inc
0.41%
#3
M
Morgan Stanley
0.39%
#4
A
AT&T Inc
0.35%
#5
E
E.ON International Finance BV
0.35%
#6
N
National Grid Electricity Distribution South West PLC
0.34%
#7
H
HSBC Holdings PLC
0.34%
#8
A
Alphabet Inc
0.33%
#9
B
Barclays PLC
0.33%
#10
S
South Eastern Power Networks PLC
0.33%

Sectors

1.3
This fund is concentrated in just a few of its 6 sectors, reducing diversification.
 
Sector Weight
Corporate Bonds 9578.00%
Financials 268.00%
Unknown 97.00%
Consumer Discretionary 43.00%
Utilities 36.00%
Consumer Staples 12.00%

Regions

4.9
This fund is concentrated in just 23 countries, with significant geographic concentration.
 
Country Weight
United Kingdom 5144.00%
United States 1865.00%
France 713.00%
Netherlands 655.00%
Jersey 231.00%
Spain 203.00%
Canada 159.00%
Australia 123.00%
Germany 121.00%
Italy 120.00%
Sweden 99.00%
Ireland 98.00%
Japan 96.00%
Luxembourg 88.00%
Belgium 67.00%
Mexico 44.00%
Switzerland 39.00%
Denmark 33.00%
UNKNOWN 30.00%
Finland 23.00%
Bermuda 22.00%
Norway 18.00%
Cayman Islands 9.00%

Nerd Stuff

Advanced risk and return metrics (2023-07-02 — 2026-06-30).
4.4%
Volatility
-6.1%
Max Drawdown
-0.24
Sharpe Ratio
-0.31
Sortino Ratio
-0.17
Calmar Ratio
0.04
Beta
-0.75%
Alpha (Jensen's)
0.009
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.

Broker Availability

Where you can buy this ETF.
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