EEXF.L vs. IEAA.L
EEXF.L (iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist)) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both European Corporate Bonds funds from iShares - EEXF.L tracks the Bloomberg Euro Corporate ex-Financials Bond Index (EUR) while IEAA.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, EEXF.L returned -0.93%/yr vs -0.33%/yr for IEAA.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
EEXF.L vs. IEAA.L - Performance Comparison
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Different Trading Currencies
EEXF.L is traded in GBP, while IEAA.L is traded in EUR. To make them comparable, the IEAA.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 IEAA.L's -2.36% 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%
IEAA.L
- 1D
- -0.77%
- 1M
- -2.60%
- 6M
- -2.08%
- YTD
- -2.36%
- 1Y
- -0.69%
- 3Y*
- 4.08%
- 5Y*
- -0.33%
- 10Y*
- —
EEXF.L vs. IEAA.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% | 0.71% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -2.36% | 8.59% | -0.33% | 5.33% | -8.93% | -6.97% | 8.50% | 0.21% | -0.51% | 1.70% |
Correlation
The correlation between EEXF.L and IEAA.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.84 |
The correlation between EEXF.L and IEAA.L has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
EEXF.L vs. IEAA.L — Risk / Return Rank
EEXF.L
IEAA.L
EEXF.L vs. IEAA.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 Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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 | IEAA.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 | -0.42 | -0.56 |
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Drawdowns
EEXF.L vs. IEAA.L - Drawdown Comparison
The maximum EEXF.L drawdown since its inception was -21.79%, roughly equal to the maximum IEAA.L drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for EEXF.L and IEAA.L.
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Drawdown Indicators
| EEXF.L | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.79% | -21.43% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -3.96% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.22% | -3.96% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -16.80% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -21.79% | — | — |
Current DrawdownCurrent decline from peak | -10.99% | -7.99% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -8.88% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.63% | +0.93% |
Volatility
EEXF.L vs. IEAA.L - Volatility Comparison
The current volatility for iShares € Corp Bond ex-Financials UCITS ETF EUR (Dist) (EEXF.L) is 1.22%, while iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) has a volatility of 1.41%. This indicates that EEXF.L experiences smaller price fluctuations and is considered to be less risky than IEAA.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 | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.41% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 3.97% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 5.03% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 6.38% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 6.93% | +0.43% |
EEXF.L vs. IEAA.L - Expense Ratio Comparison
Both EEXF.L and IEAA.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. IEAA.L - Dividend Comparison
EEXF.L's dividend yield for the trailing twelve months is around 2.85%, while IEAA.L has not paid dividends to shareholders.
| 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% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEXF.L and IEAA.L have a correlation of 0.79, 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 IEAA.L have the same expense ratio: 0.20% per year.
EEXF.L tracks Bloomberg Euro Corporate ex-Financials Bond Index (EUR), while IEAA.L tracks Bloomberg Euro Corp TR EUR.
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