EFRN.DE vs. IBCS.DE
EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds from iShares - EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 5 years, EFRN.DE returned 2.35%/yr vs -0.27%/yr for IBCS.DE. At a 0.07 correlation, their price movements are largely independent. EFRN.DE charges 0.10%/yr vs 0.20%/yr for IBCS.DE.
Performance
EFRN.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EFRN.DE achieves a 0.87% return, which is significantly higher than IBCS.DE's 0.64% return.
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
IBCS.DE
- 1D
- 0.12%
- 1M
- 0.29%
- YTD
- 0.64%
- 6M
- 0.59%
- 1Y
- 2.11%
- 3Y*
- 4.29%
- 5Y*
- -0.27%
- 10Y*
- 0.73%
EFRN.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | -0.03% | -0.22% | -0.04% | 1.18% | -0.78% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -0.55% |
Correlation
The correlation between EFRN.DE and IBCS.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2018 | 0.07 |
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Return for Risk
EFRN.DE vs. IBCS.DE — Risk / Return Rank
EFRN.DE
IBCS.DE
EFRN.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.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.
| EFRN.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.10 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 8.25 | 0.62 | +7.63 |
| Martin ratioReturn relative to average drawdown | 32.61 | 2.13 | +30.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EFRN.DE | IBCS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 0.51 | +2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.35 | -0.06 | +2.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.16 | +0.96 |
Drawdowns
EFRN.DE vs. IBCS.DE - Drawdown Comparison
The maximum EFRN.DE drawdown since its inception was -5.68%, smaller than the maximum IBCS.DE drawdown of -31.12%. Use the drawdown chart below to compare losses from any high point for EFRN.DE and IBCS.DE.
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Drawdown Indicators
| EFRN.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.68% | -31.12% | +25.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -2.79% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -0.48% | -2.79% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -1.13% | -17.87% | +16.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.87% | — |
Current DrawdownCurrent decline from peak | -0.01% | -2.79% | +2.78% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -8.35% | +8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.81% | -0.73% |
Volatility
EFRN.DE vs. IBCS.DE - Volatility Comparison
The current volatility for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) is 0.34%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 1.18%. This indicates that EFRN.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
| EFRN.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 1.18% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 2.88% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 3.38% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 4.74% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.35% | 4.47% | -3.12% |
EFRN.DE vs. IBCS.DE - Expense Ratio Comparison
EFRN.DE has a 0.10% 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
EFRN.DE vs. IBCS.DE - Dividend Comparison
EFRN.DE's dividend yield for the trailing twelve months is around 2.50%, less than IBCS.DE's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.50% | 2.88% | 4.22% | 2.93% | 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 | 3.07% | 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
EFRN.DE and IBCS.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IBCS.DE.
EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. Their fees differ too: 0.10% for EFRN.DE and 0.20% for IBCS.DE.
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