0UCF.L vs. IRCP.L
0UCF.L (iShares € Corp Bond Financials UCITS ETF EUR (Dist)) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both European Corporate Bonds funds from iShares - 0UCF.L tracks the Bloomberg Euro-Aggregate: Financials Index while IRCP.L tracks the Bloomberg MSCI EUR Corporate Interest Rate Hedged ESG SRI Index. Both are passively managed. Over the past 10 years, 0UCF.L returned 1.07%/yr vs 1.57%/yr for IRCP.L. At a 0.07 correlation, their price movements are largely independent. 0UCF.L charges 0.20%/yr vs 0.25%/yr for IRCP.L.
Performance
0UCF.L vs. IRCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 0UCF.L achieves a 0.54% return, which is significantly lower than IRCP.L's 1.43% return. Over the past 10 years, 0UCF.L has underperformed IRCP.L with an annualized return of 1.07%, while IRCP.L has yielded a comparatively higher 1.57% annualized return.
0UCF.L
- 1D
- 0.04%
- 1M
- -0.35%
- 6M
- 0.22%
- YTD
- 0.54%
- 1Y
- 1.28%
- 3Y*
- 5.02%
- 5Y*
- 0.34%
- 10Y*
- 1.07%
IRCP.L
- 1D
- -0.01%
- 1M
- 0.50%
- 6M
- 1.32%
- YTD
- 1.43%
- 1Y
- 3.03%
- 3Y*
- 5.13%
- 5Y*
- 2.73%
- 10Y*
- 1.57%
0UCF.L vs. IRCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
0UCF.L iShares € Corp Bond Financials UCITS ETF EUR (Dist) | 0.54% | 3.07% | 5.54% | 7.93% | -13.17% | 0.25% | 1.64% | 5.28% | -1.78% | 2.98% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.43% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 1.46% |
Correlation
The correlation between 0UCF.L and IRCP.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 9, 2013 | 0.07 |
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Return for Risk
0UCF.L vs. IRCP.L — Risk / Return Rank
0UCF.L
IRCP.L
0UCF.L vs. IRCP.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 iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.94 | -2.50 |
| Martin ratioReturn relative to average drawdown | 1.12 | 12.04 | -10.92 |
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Drawdowns
0UCF.L vs. IRCP.L - Drawdown Comparison
The maximum 0UCF.L drawdown since its inception was -16.46%, which is greater than IRCP.L's maximum drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for 0UCF.L and IRCP.L.
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Drawdown Indicators
| 0UCF.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -14.44% | -2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -1.03% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -1.96% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -7.06% | -9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -14.44% | -2.02% |
Current DrawdownCurrent decline from peak | -0.98% | -0.19% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -1.31% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.25% | +0.90% |
Volatility
0UCF.L vs. IRCP.L - Volatility Comparison
iShares € Corp Bond Financials UCITS ETF EUR (Dist) (0UCF.L) has a higher volatility of 1.05% compared to iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) at 0.60%. This indicates that 0UCF.L's price experiences larger fluctuations and is considered to be riskier than IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.60% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 2.45% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 2.67% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 2.96% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 3.79% | +0.15% |
0UCF.L vs. IRCP.L - Expense Ratio Comparison
0UCF.L has a 0.20% expense ratio, which is lower than IRCP.L's 0.25% 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
0UCF.L vs. IRCP.L - Dividend Comparison
0UCF.L's dividend yield for the trailing twelve months is around 3.18%, more than IRCP.L's 2.58% 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% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
Frequently Asked Questions
0UCF.L and IRCP.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0UCF.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0UCF.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IRCP.L.
0UCF.L tracks Bloomberg Euro-Aggregate: Financials Index, while IRCP.L tracks Bloomberg MSCI EUR Corporate Interest Rate Hedged ESG SRI Index. Their fees differ too: 0.20% for 0UCF.L and 0.25% for IRCP.L.
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