EUN5.DE vs. IBCS.DE
EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds from iShares - EUN5.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, EUN5.DE returned 1.09%/yr vs 0.79%/yr for IBCS.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
EUN5.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN5.DE achieves a 1.25% return, which is significantly lower than IBCS.DE's 1.40% return. Over the past 10 years, EUN5.DE has outperformed IBCS.DE with an annualized return of 1.09%, while IBCS.DE has yielded a comparatively lower 0.79% annualized return.
EUN5.DE
- 1D
- 0.11%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.35%
- 1Y
- 2.42%
- 3Y*
- 4.77%
- 5Y*
- 0.23%
- 10Y*
- 1.09%
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%
EUN5.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 1.25% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.57% | 6.30% | -1.46% | 2.15% |
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 EUN5.DE and IBCS.DE 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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 26, 2009 | 0.84 |
The correlation between EUN5.DE and IBCS.DE shifts across timeframes, from 0.83 (1 year) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN5.DE vs. IBCS.DE — Risk / Return Rank
EUN5.DE
IBCS.DE
EUN5.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.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.
| EUN5.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.86 | +0.03 |
| Martin ratioReturn relative to average drawdown | 3.08 | 2.92 | +0.16 |
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Drawdowns
EUN5.DE vs. IBCS.DE - Drawdown Comparison
The maximum EUN5.DE drawdown since its inception was -17.30%, roughly equal to the maximum IBCS.DE drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for EUN5.DE and IBCS.DE.
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Drawdown Indicators
| EUN5.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.30% | -17.87% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.78% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -2.78% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | -17.87% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -17.30% | -17.87% | +0.57% |
Current DrawdownCurrent decline from peak | -0.36% | -2.06% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -2.98% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.82% | -0.03% |
Volatility
EUN5.DE vs. IBCS.DE - Volatility Comparison
The current volatility for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) is 0.74%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 0.83%. This indicates that EUN5.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
| EUN5.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.83% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.94% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 3.38% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 4.74% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 4.47% | +0.08% |
EUN5.DE vs. IBCS.DE - Expense Ratio Comparison
Both EUN5.DE and IBCS.DE 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
EUN5.DE vs. IBCS.DE - Dividend Comparison
EUN5.DE's dividend yield for the trailing twelve months is around 3.31%, more than IBCS.DE's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.31% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
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
EUN5.DE and IBCS.DE 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.
EUN5.DE and IBCS.DE have the same expense ratio: 0.20% per year.
EUN5.DE tracks Bloomberg Euro Corporate Bond, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap.
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