36B7.DE vs. IBCQ.DE
36B7.DE (iShares Global Corp Bond UCITS ETF EUR Hedged (Dist)) and IBCQ.DE (iShares Global Corp Bond EUR Hedged UCITS ETF (Dist)) are both Global Corporate Bonds funds from iShares - 36B7.DE tracks the Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged) while IBCQ.DE tracks the Bloomberg Global Aggregate Corporate Index (EUR Hedged). Both are passively managed. Over the past 5 years, 36B7.DE returned -1.12%/yr vs -1.18%/yr for IBCQ.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
36B7.DE vs. IBCQ.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 IBCQ.DE's 0.37% 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*
- —
IBCQ.DE
- 1D
- -0.07%
- 1M
- 0.56%
- 6M
- 0.23%
- YTD
- 0.37%
- 1Y
- 2.17%
- 3Y*
- 3.66%
- 5Y*
- -1.18%
- 10Y*
- 0.44%
36B7.DE vs. IBCQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 0.24% | 4.83% | 1.72% | 6.08% | -16.05% | -1.91% | 4.95% | 4.77% |
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 0.37% | 4.51% | 1.64% | 6.18% | -16.03% | -2.10% | 5.98% | 5.09% |
Correlation
The correlation between 36B7.DE and IBCQ.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.81 |
The correlation between 36B7.DE and IBCQ.DE shifts across timeframes, from 0.71 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
36B7.DE vs. IBCQ.DE — Risk / Return Rank
36B7.DE
IBCQ.DE
36B7.DE vs. IBCQ.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 iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.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 | IBCQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.66 | +0.11 |
| Martin ratioReturn relative to average drawdown | 2.26 | 2.11 | +0.15 |
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Drawdowns
36B7.DE vs. IBCQ.DE - Drawdown Comparison
The maximum 36B7.DE drawdown since its inception was -21.83%, roughly equal to the maximum IBCQ.DE drawdown of -21.76%. Use the drawdown chart below to compare losses from any high point for 36B7.DE and IBCQ.DE.
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Drawdown Indicators
| 36B7.DE | IBCQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -21.76% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.27% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -4.75% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -21.65% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.76% | — |
Current DrawdownCurrent decline from peak | -6.97% | -7.19% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -5.40% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.02% | -0.07% |
Volatility
36B7.DE vs. IBCQ.DE - Volatility Comparison
iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) and iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.DE) have volatilities of 0.91% and 0.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B7.DE | IBCQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.90% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 4.67% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 5.42% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 6.13% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 5.85% | +0.62% |
36B7.DE vs. IBCQ.DE - Expense Ratio Comparison
Both 36B7.DE and IBCQ.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
36B7.DE vs. IBCQ.DE - Dividend Comparison
36B7.DE's dividend yield for the trailing twelve months is around 4.08%, which matches IBCQ.DE's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 4.11% | 3.96% | 3.75% | 3.20% | 2.62% | 2.09% | 2.36% | 2.66% | 3.00% | 2.19% | 2.51% | 2.75% |
Frequently Asked Questions
36B7.DE and IBCQ.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
36B7.DE and IBCQ.DE have the same expense ratio: 0.25% per year.
36B7.DE tracks Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged), while IBCQ.DE tracks Bloomberg Global Aggregate Corporate Index (EUR Hedged).
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