4UBF.DE vs. IBCS.DE
4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - 4UBF.DE tracks the Bloomberg MSCI Euro Area Liquid Corporates Sustainable while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 5 years, 4UBF.DE returned -0.09%/yr vs -0.10%/yr for IBCS.DE. Their correlation of 0.87 suggests significant overlap in exposure. 4UBF.DE charges 0.13%/yr vs 0.20%/yr for IBCS.DE.
Performance
4UBF.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 4UBF.DE having a 1.38% return and IBCS.DE slightly higher at 1.40%.
4UBF.DE
- 1D
- 0.00%
- 1M
- 0.56%
- YTD
- 1.38%
- 6M
- 1.46%
- 1Y
- 2.46%
- 3Y*
- 5.09%
- 5Y*
- -0.09%
- 10Y*
- —
IBCS.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.40%
- 6M
- 1.59%
- 1Y
- 2.39%
- 3Y*
- 4.46%
- 5Y*
- -0.10%
- 10Y*
- 0.79%
4UBF.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 1.38% | 3.23% | 4.51% | 8.22% | -15.67% | -0.31% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -14.02% | -0.48% |
Correlation
The correlation between 4UBF.DE and IBCS.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2021 | 0.87 |
The correlation between 4UBF.DE and IBCS.DE shifts across timeframes, from 0.72 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
4UBF.DE vs. IBCS.DE — Risk / Return Rank
4UBF.DE
IBCS.DE
4UBF.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.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.
| 4UBF.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.86 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.79 | 2.92 | -0.13 |
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Drawdowns
4UBF.DE vs. IBCS.DE - Drawdown Comparison
The maximum 4UBF.DE drawdown since its inception was -19.99%, which is greater than IBCS.DE's maximum drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for 4UBF.DE and IBCS.DE.
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Drawdown Indicators
| 4UBF.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.99% | -17.87% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.78% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -2.88% | -2.78% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -17.87% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.87% | — |
Current DrawdownCurrent decline from peak | -2.18% | -2.06% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -2.98% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.82% | +0.06% |
Volatility
4UBF.DE vs. IBCS.DE - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) have volatilities of 0.79% and 0.83%, 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
| 4UBF.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.83% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 2.94% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.38% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 4.74% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.47% | +0.53% |
4UBF.DE vs. IBCS.DE - Expense Ratio Comparison
4UBF.DE has a 0.13% expense ratio, which is lower than IBCS.DE's 0.20% 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
4UBF.DE vs. IBCS.DE - Dividend Comparison
4UBF.DE has not paid dividends to shareholders, while IBCS.DE's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.11% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
Frequently Asked Questions
4UBF.DE and IBCS.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.20% for IBCS.DE.
4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: UBS and iShares. Their fees differ too: 0.13% for 4UBF.DE and 0.20% for IBCS.DE.
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