4UBP.DE vs. 36B7.DE
4UBP.DE (UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc) and 36B7.DE (iShares Global Corp Bond UCITS ETF EUR Hedged (Dist)) are both Global Corporate Bonds funds - 4UBP.DE tracks the Bloomberg MSCI Global Liquid Corporates Sustainable Bond while 36B7.DE tracks the Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, 4UBP.DE returned -0.04%/yr vs -1.42%/yr for 36B7.DE. A 0.53 correlation means they provide meaningful diversification when combined. 4UBP.DE charges 0.13%/yr vs 0.25%/yr for 36B7.DE.
Performance
4UBP.DE vs. 36B7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4UBP.DE achieves a 1.94% return, which is significantly higher than 36B7.DE's -0.71% return.
4UBP.DE
- 1D
- 0.00%
- 1M
- -0.11%
- 6M
- 1.30%
- YTD
- 1.94%
- 1Y
- 4.43%
- 3Y*
- 3.82%
- 5Y*
- -0.04%
- 10Y*
- —
- ALL TIME*
- -0.24%
36B7.DE
- 1D
- -0.24%
- 1M
- -0.48%
- 6M
- -0.48%
- YTD
- -0.71%
- 1Y
- 1.67%
- 3Y*
- 3.19%
- 5Y*
- -1.42%
- 10Y*
- —
- ALL TIME*
- 0.23%
4UBP.DE vs. 36B7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
4UBP.DE UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc | 1.94% | -2.18% | 6.73% | 5.80% | -13.17% | 3.83% | -2.94% |
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | -0.71% | 4.83% | 1.72% | 6.08% | -16.05% | -1.91% | 2.47% |
Correlation
The correlation between 4UBP.DE and 36B7.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.53 |
The correlation between 4UBP.DE and 36B7.DE shifts across timeframes, from 0.40 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
4UBP.DE vs. 36B7.DE — Risk / Return Rank
4UBP.DE
36B7.DE
4UBP.DE vs. 36B7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) and iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.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.
| 4UBP.DE | 36B7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.08 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.59 | -0.31 |
| Martin ratioReturn relative to average drawdown | 0.37 | 1.67 | -1.30 |
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Drawdowns
4UBP.DE vs. 36B7.DE - Drawdown Comparison
The maximum 4UBP.DE drawdown since its inception was -15.61%, smaller than the maximum 36B7.DE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for 4UBP.DE and 36B7.DE.
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Drawdown Indicators
| 4UBP.DE | 36B7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.61% | -21.83% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.61% | -2.81% | -12.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -4.56% | -11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.61% | -21.62% | +6.01% |
Current DrawdownCurrent decline from peak | -13.14% | -7.86% | -5.28% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -8.34% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.03% | 1.00% | +11.03% |
Volatility
4UBP.DE vs. 36B7.DE - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) has a higher volatility of 1.11% compared to iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) at 1.03%. This indicates that 4UBP.DE's price experiences larger fluctuations and is considered to be riskier than 36B7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4UBP.DE | 36B7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.03% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 3.23% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.68% | 4.15% | +17.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.47% | 5.70% | +5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 6.46% | +4.16% |
4UBP.DE vs. 36B7.DE - Expense Ratio Comparison
4UBP.DE has a 0.13% expense ratio, which is lower than 36B7.DE'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
4UBP.DE vs. 36B7.DE - Dividend Comparison
4UBP.DE has not paid dividends to shareholders, while 36B7.DE's dividend yield for the trailing twelve months is around 4.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 4.12% | 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
4UBP.DE and 36B7.DE have a correlation of 0.40, 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.
4UBP.DE tracks Bloomberg MSCI Global Liquid Corporates Sustainable Bond, while 36B7.DE tracks Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged). They also come from different issuers: UBS and iShares. Their fees differ too: 0.13% for 4UBP.DE and 0.25% for 36B7.DE.
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