36B7.DE vs. 4UBP.DE
36B7.DE (iShares Global Corp Bond UCITS ETF EUR Hedged (Dist)) and 4UBP.DE (UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc) are both Global Corporate Bonds funds - 36B7.DE tracks the Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged) while 4UBP.DE tracks the Bloomberg MSCI Global Liquid Corporates Sustainable Bond. Both are passively managed. Over the past 5 years, 36B7.DE returned -1.12%/yr vs 0.32%/yr for 4UBP.DE. A 0.53 correlation means they provide meaningful diversification when combined. 36B7.DE charges 0.25%/yr vs 0.13%/yr for 4UBP.DE.
Performance
36B7.DE vs. 4UBP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B7.DE achieves a 0.24% return, which is significantly lower than 4UBP.DE's 2.76% return.
36B7.DE
- 1D
- 0.00%
- 1M
- 0.72%
- 6M
- 0.48%
- YTD
- 0.24%
- 1Y
- 2.17%
- 3Y*
- 3.77%
- 5Y*
- -1.12%
- 10Y*
- —
4UBP.DE
- 1D
- 0.00%
- 1M
- 1.62%
- 6M
- 2.83%
- YTD
- 2.76%
- 1Y
- 5.43%
- 3Y*
- 3.78%
- 5Y*
- 0.32%
- 10Y*
- —
36B7.DE vs. 4UBP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 0.24% | 4.83% | 1.72% | 6.08% | -16.05% | -1.91% | 2.47% |
4UBP.DE UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc | 2.76% | -2.18% | 6.73% | 5.80% | -13.17% | 3.83% | -2.94% |
Correlation
The correlation between 36B7.DE and 4UBP.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.53 |
The correlation between 36B7.DE and 4UBP.DE shifts across timeframes, from 0.41 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
36B7.DE vs. 4UBP.DE — Risk / Return Rank
36B7.DE
4UBP.DE
36B7.DE vs. 4UBP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) and UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE). 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.
| 36B7.DE | 4UBP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.35 | +0.42 |
| Martin ratioReturn relative to average drawdown | 2.26 | 0.46 | +1.80 |
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Drawdowns
36B7.DE vs. 4UBP.DE - Drawdown Comparison
The maximum 36B7.DE drawdown since its inception was -21.83%, which is greater than 4UBP.DE's maximum drawdown of -15.61%. Use the drawdown chart below to compare losses from any high point for 36B7.DE and 4UBP.DE.
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Drawdown Indicators
| 36B7.DE | 4UBP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -15.61% | -6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -15.61% | +12.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -15.61% | +11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -15.61% | -6.01% |
Current DrawdownCurrent decline from peak | -6.97% | -12.45% | +5.48% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -7.60% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 11.71% | -10.76% |
Volatility
36B7.DE vs. 4UBP.DE - Volatility Comparison
The current volatility for iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) is 0.91%, while UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) has a volatility of 1.25%. This indicates that 36B7.DE experiences smaller price fluctuations and is considered to be less risky than 4UBP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B7.DE | 4UBP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.25% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 3.06% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 21.67% | -17.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 11.47% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 10.66% | -4.19% |
36B7.DE vs. 4UBP.DE - Expense Ratio Comparison
36B7.DE has a 0.25% expense ratio, which is higher than 4UBP.DE's 0.13% 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
36B7.DE vs. 4UBP.DE - Dividend Comparison
36B7.DE's dividend yield for the trailing twelve months is around 4.08%, while 4UBP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 4.08% | 4.01% | 3.87% | 3.23% | 2.71% | 2.07% | 1.19% | 0.94% |
4UBP.DE UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36B7.DE and 4UBP.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBP.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBP.DE is cheaper with a 0.13% expense ratio, compared with 0.25% for 36B7.DE.
36B7.DE tracks Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged), while 4UBP.DE tracks Bloomberg MSCI Global Liquid Corporates Sustainable Bond. They also come from different issuers: iShares and UBS. Their fees differ too: 0.25% for 36B7.DE and 0.13% for 4UBP.DE.
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