EEXF.L vs. IBCX.L
EEXF.L (iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist)) and IBCX.L (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds from iShares - EEXF.L tracks the Bloomberg Euro Corporate ex-Financials Bond Index (EUR) while IBCX.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 10 years, EEXF.L returned 0.60%/yr vs 0.68%/yr for IBCX.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
EEXF.L vs. IBCX.L - Performance Comparison
Loading charts...
Different Trading Currencies
EEXF.L is traded in GBP, while IBCX.L is traded in EUR. To make them comparable, the IBCX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EEXF.L achieves a -3.85% return, which is significantly lower than IBCX.L's -2.29% return. Over the past 10 years, EEXF.L has underperformed IBCX.L with an annualized return of 0.60%, while IBCX.L has yielded a comparatively higher 0.68% annualized return.
EEXF.L
- 1D
- -0.68%
- 1M
- -2.20%
- 6M
- -3.46%
- YTD
- -3.85%
- 1Y
- -2.30%
- 3Y*
- 3.04%
- 5Y*
- -0.93%
- 10Y*
- 0.60%
IBCX.L
- 1D
- -0.67%
- 1M
- -2.31%
- 6M
- -1.98%
- YTD
- -2.29%
- 1Y
- -0.66%
- 3Y*
- 3.77%
- 5Y*
- -0.65%
- 10Y*
- 0.68%
EEXF.L vs. IBCX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEXF.L iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) | -3.85% | 7.88% | -1.05% | 5.23% | -8.74% | -7.78% | 8.67% | 1.04% | -0.32% | 5.14% |
IBCX.L iShares Euro Corporate Bond Large Cap UCITS ETF | -2.29% | 8.67% | -1.22% | 5.19% | -9.51% | -7.32% | 8.64% | 0.02% | -0.30% | 5.95% |
Correlation
The correlation between EEXF.L and IBCX.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.84 |
The correlation between EEXF.L and IBCX.L has been stable across timeframes, ranging from 0.84 to 0.87 - 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
EEXF.L vs. IBCX.L — Risk / Return Rank
EEXF.L
IBCX.L
EEXF.L vs. IBCX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.L) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.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.
| EEXF.L | IBCX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.98 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.17 | -0.31 |
| Martin ratioReturn relative to average drawdown | -0.98 | -0.40 | -0.58 |
Loading charts...
Drawdowns
EEXF.L vs. IBCX.L - Drawdown Comparison
The maximum EEXF.L drawdown since its inception was -21.79%, roughly equal to the maximum IBCX.L drawdown of -22.27%. Use the drawdown chart below to compare losses from any high point for EEXF.L and IBCX.L.
Loading charts...
Drawdown Indicators
| EEXF.L | IBCX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.79% | -22.27% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -3.89% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.22% | -4.03% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -17.46% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -21.79% | -22.27% | +0.48% |
Current DrawdownCurrent decline from peak | -10.99% | -9.76% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -6.94% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.64% | +0.92% |
Volatility
EEXF.L vs. IBCX.L - Volatility Comparison
The current volatility for iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.L) is 1.22%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) has a volatility of 1.29%. This indicates that EEXF.L experiences smaller price fluctuations and is considered to be less risky than IBCX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EEXF.L | IBCX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.29% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 3.80% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 4.86% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 6.46% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 7.39% | -0.03% |
EEXF.L vs. IBCX.L - Expense Ratio Comparison
Both EEXF.L and IBCX.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
EEXF.L vs. IBCX.L - Dividend Comparison
EEXF.L's dividend yield for the trailing twelve months is around 2.85%, less than IBCX.L's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEXF.L iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) | 2.85% | 2.59% | 2.30% | 1.49% | 0.86% | 0.84% | 0.86% | 1.31% | 1.34% | 1.40% | 1.70% | 1.00% |
IBCX.L iShares Euro Corporate Bond Large Cap UCITS ETF | 3.13% | 3.02% | 2.74% | 2.31% | 1.05% | 0.73% | 0.84% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
Frequently Asked Questions
EEXF.L and IBCX.L have a correlation of 0.84, 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.
EEXF.L and IBCX.L have the same expense ratio: 0.20% per year.
EEXF.L tracks Bloomberg Euro Corporate ex-Financials Bond Index (EUR), while IBCX.L tracks Bloomberg Euro Corp TR EUR.
Find the right allocation for EEXF.L and IBCX.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