CBSE.L vs. IE15.L
CBSE.L (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - CBSE.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR). Both are passively managed. Over the past 5 years, CBSE.L returned -0.36%/yr vs 0.52%/yr for IE15.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
CBSE.L vs. IE15.L - Performance Comparison
Loading charts...
Different Trading Currencies
CBSE.L is traded in GBp, while IE15.L is traded in EUR. To make them comparable, the IE15.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBSE.L achieves a -1.66% return, which is significantly higher than IE15.L's -3.61% return.
CBSE.L
- 1D
- 0.23%
- 1M
- -1.70%
- 6M
- -1.29%
- YTD
- -1.66%
- 1Y
- 0.23%
- 3Y*
- 4.67%
- 5Y*
- -0.36%
- 10Y*
- —
IE15.L
- 1D
- 0.08%
- 1M
- -1.95%
- 6M
- -1.79%
- YTD
- -3.61%
- 1Y
- -1.93%
- 3Y*
- 3.08%
- 5Y*
- 0.52%
- 10Y*
- 0.87%
CBSE.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | -1.66% | 8.60% | -0.01% | 5.96% | -10.95% | -7.70% | 8.93% | 2.37% | -1.04% | -7.75% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -3.61% | 8.96% | -0.40% | 3.66% | -3.03% | -6.25% | 6.78% | -3.20% | 0.33% | 2.00% |
Correlation
The correlation between CBSE.L and IE15.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2017 | 0.77 |
The correlation between CBSE.L and IE15.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBSE.L vs. IE15.L — Risk / Return Rank
CBSE.L
IE15.L
CBSE.L vs. IE15.L - 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) A-dis (CBSE.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L). 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.
| CBSE.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.93 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | -0.39 | +0.39 |
| Martin ratioReturn relative to average drawdown | -0.00 | -0.82 | +0.81 |
Loading charts...
Drawdowns
CBSE.L vs. IE15.L - Drawdown Comparison
The maximum CBSE.L drawdown since its inception was -24.02%, which is greater than IE15.L's maximum drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for CBSE.L and IE15.L.
Loading charts...
Drawdown Indicators
| CBSE.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.02% | -16.54% | -7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -4.93% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -4.93% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -9.97% | -9.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.62% | — |
Current DrawdownCurrent decline from peak | -8.81% | -4.74% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -6.69% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.36% | -0.55% |
Volatility
CBSE.L vs. IE15.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) is 1.11%, while iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) has a volatility of 1.19%. This indicates that CBSE.L experiences smaller price fluctuations and is considered to be less risky than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBSE.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.19% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.19% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 4.47% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 5.52% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 6.85% | +1.82% |
CBSE.L vs. IE15.L - Expense Ratio Comparison
Both CBSE.L and IE15.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CBSE.L vs. IE15.L - Dividend Comparison
CBSE.L's dividend yield for the trailing twelve months is around 3.54%, more than IE15.L's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | 3.54% | 3.72% | 3.18% | 1.80% | 0.58% | 0.59% | 0.61% | 1.03% | 1.42% | 0.48% | 0.00% | 0.00% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
Frequently Asked Questions
CBSE.L and IE15.L have a correlation of 0.81, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CBSE.L and IE15.L have the same expense ratio: 0.20% per year.
CBSE.L is categorized as European Corporate Bonds, while IE15.L is Short-Term Bond. CBSE.L tracks Bloomberg Euro Corp TR EUR, while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR). They also come from different issuers: UBS and iShares.
Find the right allocation for CBSE.L and IE15.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer