0UCF.L vs. IGBE.L
0UCF.L (iShares € Corp Bond Financials UCITS ETF EUR (Dist)) and IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) are both European Corporate Bonds funds - 0UCF.L tracks the Bloomberg Euro-Aggregate: Financials Index while IGBE.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, 0UCF.L returned 0.34%/yr vs -0.45%/yr for IGBE.L. At a 0.06 correlation, their price movements are largely independent. 0UCF.L charges 0.20%/yr vs 0.10%/yr for IGBE.L.
Performance
0UCF.L vs. IGBE.L - Performance Comparison
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Different Trading Currencies
0UCF.L is traded in EUR, while IGBE.L is traded in GBp. To make them comparable, the IGBE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0UCF.L achieves a 0.50% return, which is significantly lower than IGBE.L's 2.93% return.
0UCF.L
- 1D
- -0.14%
- 1M
- -0.41%
- 6M
- 0.21%
- YTD
- 0.50%
- 1Y
- 1.25%
- 3Y*
- 5.01%
- 5Y*
- 0.34%
- 10Y*
- 1.09%
IGBE.L
- 1D
- 0.71%
- 1M
- 1.46%
- 6M
- 1.61%
- YTD
- 2.93%
- 1Y
- 6.23%
- 3Y*
- 6.83%
- 5Y*
- -0.45%
- 10Y*
- —
0UCF.L vs. IGBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
0UCF.L iShares € Corp Bond Financials UCITS ETF EUR (Dist) | 0.50% | 3.07% | 5.54% | 7.93% | -13.17% | 0.25% | 0.43% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 2.93% | 1.64% | 7.39% | 11.47% | -22.45% | 2.65% | 0.25% |
Correlation
The correlation between 0UCF.L and IGBE.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.06 |
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Return for Risk
0UCF.L vs. IGBE.L — Risk / Return Rank
0UCF.L
IGBE.L
0UCF.L vs. IGBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond Financials UCITS ETF EUR (Dist) (0UCF.L) and Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 0UCF.L | IGBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.70 | -1.28 |
| Martin ratioReturn relative to average drawdown | 1.09 | 5.08 | -3.99 |
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Drawdowns
0UCF.L vs. IGBE.L - Drawdown Comparison
The maximum 0UCF.L drawdown since its inception was -16.46%, smaller than the maximum IGBE.L drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for 0UCF.L and IGBE.L.
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Drawdown Indicators
| 0UCF.L | IGBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -32.28% | +15.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -3.65% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -7.81% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -32.28% | +15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -4.38% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -10.46% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.22% | -0.07% |
Volatility
0UCF.L vs. IGBE.L - Volatility Comparison
The current volatility for iShares € Corp Bond Financials UCITS ETF EUR (Dist) (0UCF.L) is 1.05%, while Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) has a volatility of 1.82%. This indicates that 0UCF.L experiences smaller price fluctuations and is considered to be less risky than IGBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0UCF.L | IGBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.82% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 5.22% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 6.55% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 9.50% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 10.27% | -6.33% |
0UCF.L vs. IGBE.L - Expense Ratio Comparison
0UCF.L has a 0.20% expense ratio, which is higher than IGBE.L's 0.10% 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
0UCF.L vs. IGBE.L - Dividend Comparison
0UCF.L's dividend yield for the trailing twelve months is around 3.18%, less than IGBE.L's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0UCF.L iShares € Corp Bond Financials UCITS ETF EUR (Dist) | 3.18% | 3.08% | 2.94% | 2.42% | 1.00% | 0.75% | 0.98% | 0.55% | 1.10% | 1.12% | 1.52% | 1.70% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 5.02% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
0UCF.L and IGBE.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGBE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGBE.L is cheaper with a 0.10% expense ratio, compared with 0.20% for 0UCF.L.
0UCF.L tracks Bloomberg Euro-Aggregate: Financials Index, while IGBE.L tracks Markit iBoxx GBP NonGilts TR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for 0UCF.L and 0.10% for IGBE.L.
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