IBC2.DE vs. IS3K.DE
IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - IBC2.DE tracks the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged) while IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 5 years, IBC2.DE returned 1.62%/yr vs 5.30%/yr for IS3K.DE. At a 0.25 correlation, their price movements are largely independent. IBC2.DE charges 0.55%/yr vs 0.45%/yr for IS3K.DE.
Performance
IBC2.DE vs. IS3K.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBC2.DE achieves a 0.98% return, which is significantly lower than IS3K.DE's 5.02% return.
IBC2.DE
- 1D
- 0.00%
- 1M
- 0.52%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 3.60%
- 3Y*
- 6.22%
- 5Y*
- 1.62%
- 10Y*
- —
IS3K.DE
- 1D
- 0.00%
- 1M
- 2.14%
- 6M
- 4.83%
- YTD
- 5.02%
- 1Y
- 8.83%
- 3Y*
- 5.91%
- 5Y*
- 5.30%
- 10Y*
- 4.57%
IBC2.DE vs. IS3K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.98% | 7.02% | 4.85% | 8.05% | -11.78% | 3.08% | 2.84% | 10.03% | -3.66% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 5.02% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | -5.49% | 12.34% | 7.61% |
Correlation
The correlation between IBC2.DE and IS3K.DE is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.25 |
The correlation between IBC2.DE and IS3K.DE shifts across timeframes, from 0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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
IBC2.DE vs. IS3K.DE — Risk / Return Rank
IBC2.DE
IS3K.DE
IBC2.DE vs. IS3K.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| IBC2.DE | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.85 | -1.66 |
| Martin ratioReturn relative to average drawdown | 5.24 | 9.23 | -3.98 |
Loading charts...
Drawdowns
IBC2.DE vs. IS3K.DE - Drawdown Comparison
The maximum IBC2.DE drawdown since its inception was -22.54%, smaller than the maximum IS3K.DE drawdown of -27.02%. Use the drawdown chart below to compare losses from any high point for IBC2.DE and IS3K.DE.
Loading charts...
Drawdown Indicators
| IBC2.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -27.02% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.09% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -11.25% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -11.25% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.93% | — |
Current DrawdownCurrent decline from peak | -0.00% | -1.41% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -6.52% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.95% | -0.26% |
Volatility
IBC2.DE vs. IS3K.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) is 0.91%, while iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a volatility of 1.43%. This indicates that IBC2.DE experiences smaller price fluctuations and is considered to be less risky than IS3K.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBC2.DE | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.43% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 3.80% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 5.71% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 7.09% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 7.82% | +0.39% |
IBC2.DE vs. IS3K.DE - Expense Ratio Comparison
IBC2.DE has a 0.55% expense ratio, which is higher than IS3K.DE's 0.45% expense ratio.
Dividends
IBC2.DE vs. IS3K.DE - Dividend Comparison
IBC2.DE's dividend yield for the trailing twelve months is around 6.19%, less than IS3K.DE's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.33% | 5.59% | 5.13% | 4.34% | 4.82% | 5.58% | 3.90% | 0.00% | 0.00% | 0.00% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.62% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
Frequently Asked Questions
IBC2.DE and IS3K.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3K.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3K.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for IBC2.DE.
IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. Their fees differ too: 0.55% for IBC2.DE and 0.45% for IS3K.DE.
Find the right allocation for IBC2.DE and IS3K.DE
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