36BA.DE vs. IBAT

Last updated Jun 4, 2026

36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and IBAT (iShares Energy Storage & Materials ETF) are both exchange-traded funds - 36BA.DE is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while IBAT is a Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials. Both are passively managed. Over the past year, 36BA.DE returned 2.86% vs 119.98% for IBAT. At a 0.15 correlation, their price movements are largely independent. 36BA.DE charges 0.17%/yr vs 0.47%/yr for IBAT.

Performance

36BA.DE vs. IBAT - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and iShares Energy Storage & Materials ETF (IBAT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

36BA.DE is traded in EUR, while IBAT is traded in USD. To make them comparable, the IBAT values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 36BA.DE achieves a -0.98% return, which is significantly lower than IBAT's 66.49% return.

36BA.DE

• 1D: -0.40%
• 1M: 0.48%
• YTD: -0.98%
• 6M: -0.76%
• 1Y: 2.86%
• 3Y*: 2.76%
• 5Y*: -1.66%
• 10Y*: —

IBAT

• 1D: -1.01%
• 1M: 10.81%
• YTD: 66.49%
• 6M: 58.80%
• 1Y: 119.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

36BA.DE vs. IBAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)	-0.98%	5.40%	1.43%
IBAT iShares Energy Storage & Materials ETF	66.49%	16.42%	-8.93%

Correlation

The correlation between 36BA.DE and IBAT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024	0.15

Return for Risk

36BA.DE vs. IBAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

36BA.DE

36BA.DE Risk / Return Rank: 19
36BA.DE Sharpe Ratio Rank: 19
36BA.DE Sortino Ratio Rank: 18
36BA.DE Omega Ratio Rank: 17
36BA.DE Calmar Ratio Rank: 22
36BA.DE Martin Ratio Rank: 21

IBAT

IBAT Risk / Return Rank: 95
IBAT Sharpe Ratio Rank: 97
IBAT Sortino Ratio Rank: 95
IBAT Omega Ratio Rank: 94
IBAT Calmar Ratio Rank: 97
IBAT Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

36BA.DE vs. IBAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and iShares Energy Storage & Materials ETF (IBAT). 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.

	36BA.DE	IBAT	Difference
Sharpe ratio: Return per unit of total volatility	0.61	4.76	-4.15
Sortino ratio: Return per unit of downside risk	0.89	5.20	-4.31
Omega ratio: Gain probability vs. loss probability	1.10	1.69	-0.59
Calmar ratio: Return relative to maximum drawdown	0.94	8.80	-7.85
Martin ratio: Return relative to average drawdown	2.50	25.94	-23.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

36BA.DE vs. IBAT - Sharpe Ratio Comparison

The current 36BA.DE Sharpe Ratio is 0.61, which is lower than the IBAT Sharpe Ratio of 4.76. The chart below compares the historical Sharpe Ratios of 36BA.DE and IBAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	36BA.DE	IBAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	4.76	-4.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	1.28	-1.38

Drawdowns

36BA.DE vs. IBAT - Drawdown Comparison

The maximum 36BA.DE drawdown since its inception was -23.68%, smaller than the maximum IBAT drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and IBAT.

Drawdown Indicators

	36BA.DE	IBAT	Difference
Max Drawdown Largest peak-to-trough decline	-23.68%	-28.45%	+4.77%
Max Drawdown (1Y) Largest decline over 1 year	-3.02%	-13.72%	+10.70%
Max Drawdown (3Y) Largest decline over 3 years	-6.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	—	—
Current Drawdown Current decline from peak	-11.11%	-1.01%	-10.10%
Average Drawdown Average peak-to-trough decline	-11.35%	-8.12%	-3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	4.64%	-3.50%

Volatility

36BA.DE vs. IBAT - Volatility Comparison

The current volatility for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) is 1.86%, while iShares Energy Storage & Materials ETF (IBAT) has a volatility of 9.73%. This indicates that 36BA.DE experiences smaller price fluctuations and is considered to be less risky than IBAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	36BA.DE	IBAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	9.73%	-7.87%
Volatility (6M) Calculated over the trailing 6-month period	3.62%	19.20%	-15.58%
Volatility (1Y) Calculated over the trailing 1-year period	4.69%	25.39%	-20.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.09%	23.28%	-16.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.86%	23.28%	-16.42%

36BA.DE vs. IBAT - Expense Ratio Comparison

36BA.DE has a 0.17% expense ratio, which is lower than IBAT's 0.47% expense ratio.

Dividends

36BA.DE vs. IBAT - Dividend Comparison

36BA.DE's dividend yield for the trailing twelve months is around 4.96%, more than IBAT's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)	4.96%	4.73%	4.75%	4.15%	2.94%	1.76%	0.87%
IBAT iShares Energy Storage & Materials ETF	0.70%	1.15%	1.37%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 36BA.DE and IBAT in my portfolio?

36BA.DE and IBAT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 36BA.DE or IBAT?

On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 36BA.DE or IBAT?

36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.47% for IBAT.

What is the main difference between 36BA.DE and IBAT?

36BA.DE is categorized as Corporate Bonds, while IBAT is Alternative Energy Equities. 36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while IBAT tracks STOXX Global Energy Storage and Materials. Their fees differ too: 0.17% for 36BA.DE and 0.47% for IBAT.