EEXF.L vs. IE15.L
EEXF.L (iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - EEXF.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate ex-Financials Bond Index (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 10 years, EEXF.L returned 0.59%/yr vs 0.87%/yr for IE15.L. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
EEXF.L vs. IE15.L - Performance Comparison
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Different Trading Currencies
EEXF.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, EEXF.L achieves a -3.98% return, which is significantly lower than IE15.L's -3.61% return. Over the past 10 years, EEXF.L has underperformed IE15.L with an annualized return of 0.59%, while IE15.L has yielded a comparatively higher 0.87% annualized return.
EEXF.L
- 1D
- -0.01%
- 1M
- -2.51%
- 6M
- -2.15%
- YTD
- -3.98%
- 1Y
- -2.30%
- 3Y*
- 2.99%
- 5Y*
- -0.96%
- 10Y*
- 0.59%
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%
EEXF.L vs. IE15.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) | -3.98% | 7.88% | -1.05% | 5.23% | -8.74% | -7.78% | 8.67% | 1.04% | -0.32% | 5.14% |
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% | 5.17% |
Correlation
The correlation between EEXF.L and IE15.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.80 |
The correlation between EEXF.L and IE15.L has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
EEXF.L vs. IE15.L — Risk / Return Rank
EEXF.L
IE15.L
EEXF.L vs. IE15.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 € 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.
| EEXF.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.93 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.39 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.02 | -0.82 | -0.20 |
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Drawdowns
EEXF.L vs. IE15.L - Drawdown Comparison
The maximum EEXF.L drawdown since its inception was -21.79%, 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 EEXF.L and IE15.L.
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Drawdown Indicators
| EEXF.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.79% | -16.54% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.35% | -4.93% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -4.93% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -9.97% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -21.79% | -15.62% | -6.17% |
Current DrawdownCurrent decline from peak | -11.11% | -4.74% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -6.69% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.36% | +0.23% |
Volatility
EEXF.L vs. IE15.L - Volatility Comparison
iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.L) has a higher volatility of 1.28% compared to iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) at 1.19%. This indicates that EEXF.L's price experiences larger fluctuations and is considered to be riskier than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEXF.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.19% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.19% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 4.47% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 5.52% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 6.85% | +0.51% |
EEXF.L vs. IE15.L - Expense Ratio Comparison
Both EEXF.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
EEXF.L vs. IE15.L - Dividend Comparison
EEXF.L's dividend yield for the trailing twelve months is around 1.44%, less than IE15.L's 1.51% 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) | 1.44% | 2.59% | 2.30% | 1.49% | 0.86% | 0.84% | 0.86% | 1.31% | 1.34% | 1.40% | 1.70% | 1.00% |
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
EEXF.L and IE15.L have a correlation of 0.83, 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 IE15.L have the same expense ratio: 0.20% per year.
EEXF.L is categorized as European Corporate Bonds, while IE15.L is Short-Term Bond. EEXF.L tracks Bloomberg Euro Corporate ex-Financials Bond Index (EUR), while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR).
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