D5BG.DE vs. IBCS.DE
D5BG.DE (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - D5BG.DE tracks the Bloomberg Euro Corporate Bond while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 10 years, D5BG.DE returned 0.99%/yr vs 0.79%/yr for IBCS.DE. A 0.76 correlation means they provide meaningful diversification when combined. D5BG.DE charges 0.12%/yr vs 0.20%/yr for IBCS.DE.
Performance
D5BG.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BG.DE achieves a 1.29% return, which is significantly lower than IBCS.DE's 1.40% return. Over the past 10 years, D5BG.DE has outperformed IBCS.DE with an annualized return of 0.99%, while IBCS.DE has yielded a comparatively lower 0.79% annualized return.
D5BG.DE
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 1.29%
- 6M
- 1.49%
- 1Y
- 2.56%
- 3Y*
- 4.80%
- 5Y*
- 0.25%
- 10Y*
- 0.99%
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%
D5BG.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
D5BG.DE Xtrackers II EUR Corporate Bond UCITS ETF 1C | 1.29% | 3.14% | 4.22% | 7.44% | -13.35% | -0.97% | 2.51% | 6.25% | -1.41% | 1.73% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -1.32% | 1.59% |
Correlation
The correlation between D5BG.DE and IBCS.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2010 | 0.76 |
The correlation between D5BG.DE and IBCS.DE shifts across timeframes, from 0.76 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
D5BG.DE vs. IBCS.DE — Risk / Return Rank
D5BG.DE
IBCS.DE
D5BG.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF 1C (D5BG.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.
| D5BG.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.86 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.23 | 2.92 | +0.31 |
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Drawdowns
D5BG.DE vs. IBCS.DE - Drawdown Comparison
The maximum D5BG.DE drawdown since its inception was -17.22%, roughly equal to the maximum IBCS.DE drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for D5BG.DE and IBCS.DE.
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Drawdown Indicators
| D5BG.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -17.87% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -2.78% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -2.78% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.22% | -17.87% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -17.22% | -17.87% | +0.65% |
Current DrawdownCurrent decline from peak | -0.27% | -2.06% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -2.98% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.82% | -0.03% |
Volatility
D5BG.DE vs. IBCS.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF 1C (D5BG.DE) is 0.78%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 0.83%. This indicates that D5BG.DE experiences smaller price fluctuations and is considered to be less risky than IBCS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BG.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.83% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.94% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 3.38% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 4.74% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.47% | +0.17% |
D5BG.DE vs. IBCS.DE - Expense Ratio Comparison
D5BG.DE has a 0.12% 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
D5BG.DE vs. IBCS.DE - Dividend Comparison
D5BG.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BG.DE Xtrackers II EUR Corporate Bond UCITS ETF 1C | 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
D5BG.DE and IBCS.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BG.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IBCS.DE.
D5BG.DE tracks Bloomberg Euro Corporate Bond, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for D5BG.DE and 0.20% for IBCS.DE.
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