FLUC.L vs. IEAC.L
FLUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist)) and IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - FLUC.L is a Corporate Bonds fund tracking the Bloomberg US Corporate - Investment Grade Index, while IEAC.L is a European Corporate Bonds fund tracking the BBG Euro Corporate Index (EUR). Both are passively managed. Over the past 5 years, FLUC.L returned -0.29%/yr vs -1.06%/yr for IEAC.L. At a 0.39 correlation, their price movements are largely independent. FLUC.L charges 0.35%/yr vs 0.09%/yr for IEAC.L.
Performance
FLUC.L vs. IEAC.L - Performance Comparison
Loading charts...
Different Trading Currencies
FLUC.L is traded in USD, while IEAC.L is traded in EUR. To make them comparable, the IEAC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLUC.L achieves a -0.38% return, which is significantly higher than IEAC.L's -3.88% return.
FLUC.L
- 1D
- 0.08%
- 1M
- -0.38%
- 6M
- -0.09%
- YTD
- -0.38%
- 1Y
- 4.18%
- 3Y*
- 4.44%
- 5Y*
- -0.29%
- 10Y*
- —
IEAC.L
- 1D
- -0.02%
- 1M
- -0.98%
- 6M
- -1.31%
- YTD
- -3.88%
- 1Y
- -1.71%
- 3Y*
- 4.33%
- 5Y*
- -1.06%
- 10Y*
- 1.01%
FLUC.L vs. IEAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | -0.38% | 7.46% | 2.08% | 7.77% | -15.53% | -2.24% | 9.76% | 14.52% | 0.68% |
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | -3.88% | 17.09% | -2.13% | 10.82% | -18.56% | -7.81% | 11.69% | 4.13% | -2.80% |
Correlation
The correlation between FLUC.L and IEAC.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018 | 0.39 |
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
FLUC.L vs. IEAC.L — Risk / Return Rank
FLUC.L
IEAC.L
FLUC.L vs. IEAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) and iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.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.
| FLUC.L | IEAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | -0.07 | +1.66 |
| Martin ratioReturn relative to average drawdown | 4.39 | -0.53 | +4.91 |
Loading charts...
Drawdowns
FLUC.L vs. IEAC.L - Drawdown Comparison
The maximum FLUC.L drawdown since its inception was -22.30%, smaller than the maximum IEAC.L drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for FLUC.L and IEAC.L.
Loading charts...
Drawdown Indicators
| FLUC.L | IEAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -34.76% | +12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -24.44% | +21.83% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -24.44% | +18.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -32.63% | +10.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.76% | — |
Current DrawdownCurrent decline from peak | -2.74% | -9.22% | +6.48% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -10.89% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.24% | -2.29% |
Volatility
FLUC.L vs. IEAC.L - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) and iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) have volatilities of 1.37% and 1.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLUC.L | IEAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.42% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.75% | 36.77% | -33.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 36.90% | -31.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 18.70% | -11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 14.39% | -7.31% |
FLUC.L vs. IEAC.L - Expense Ratio Comparison
FLUC.L has a 0.35% expense ratio, which is higher than IEAC.L's 0.09% expense ratio.
Dividends
FLUC.L vs. IEAC.L - Dividend Comparison
FLUC.L's dividend yield for the trailing twelve months is around 4.22%, more than IEAC.L's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | 4.22% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% | 0.00% | 0.00% | 0.00% |
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
FLUC.L and IEAC.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.L is cheaper with a 0.09% expense ratio, compared with 0.35% for FLUC.L.
FLUC.L is categorized as Corporate Bonds, while IEAC.L is European Corporate Bonds. FLUC.L tracks Bloomberg US Corporate - Investment Grade Index, while IEAC.L tracks BBG Euro Corporate Index (EUR). They also come from different issuers: Franklin and iShares. Their fees differ too: 0.35% for FLUC.L and 0.09% for IEAC.L.
Find the right allocation for FLUC.L and IEAC.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