IBC2.DE vs. SXR8.DE
IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IBC2.DE is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, IBC2.DE returned 1.62%/yr vs 13.70%/yr for SXR8.DE. A 0.52 correlation means they provide meaningful diversification when combined. IBC2.DE charges 0.55%/yr vs 0.07%/yr for SXR8.DE.
Performance
IBC2.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC2.DE achieves a 0.98% return, which is significantly lower than SXR8.DE's 12.22% 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*
- —
SXR8.DE
- 1D
- 0.22%
- 1M
- 0.62%
- 6M
- 12.76%
- YTD
- 12.22%
- 1Y
- 24.06%
- 3Y*
- 18.35%
- 5Y*
- 13.70%
- 10Y*
- 14.87%
IBC2.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 12.22% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | 1.08% |
Correlation
The correlation between IBC2.DE and SXR8.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.52 |
The correlation between IBC2.DE and SXR8.DE shifts across timeframes, from 0.37 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC2.DE vs. SXR8.DE — Risk / Return Rank
IBC2.DE
SXR8.DE
IBC2.DE vs. SXR8.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 Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.45 | -2.27 |
| Martin ratioReturn relative to average drawdown | 5.24 | 12.24 | -7.00 |
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Drawdowns
IBC2.DE vs. SXR8.DE - Drawdown Comparison
The maximum IBC2.DE drawdown since its inception was -22.54%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for IBC2.DE and SXR8.DE.
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Drawdown Indicators
| IBC2.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -33.78% | +11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -6.94% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -23.32% | +19.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -23.32% | +7.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -0.00% | -0.61% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -5.20% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.96% | -1.27% |
Volatility
IBC2.DE vs. SXR8.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) is 0.91%, while iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a volatility of 3.63%. This indicates that IBC2.DE experiences smaller price fluctuations and is considered to be less risky than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC2.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 3.63% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 7.98% | -4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 11.90% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 15.20% | -8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 16.07% | -7.86% |
IBC2.DE vs. SXR8.DE - Expense Ratio Comparison
IBC2.DE has a 0.55% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
IBC2.DE vs. SXR8.DE - Dividend Comparison
IBC2.DE's dividend yield for the trailing twelve months is around 6.19%, while SXR8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC2.DE and SXR8.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.55% for IBC2.DE.
IBC2.DE is categorized as High Yield Bonds, while SXR8.DE is S&P 500. IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.55% for IBC2.DE and 0.07% for SXR8.DE.
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