IBC7.DE vs. GB1E.DE
IBC7.DE (iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and GB1E.DE (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc) are both High Yield Bonds funds - IBC7.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (EUR Hedged) while GB1E.DE tracks the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. Both are passively managed. Over the past 3 years, IBC7.DE returned 5.92%/yr vs 6.25%/yr for GB1E.DE. A 0.80 correlation means they provide meaningful diversification when combined. IBC7.DE charges 0.55%/yr vs 0.30%/yr for GB1E.DE.
Performance
IBC7.DE vs. GB1E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC7.DE achieves a 0.72% return, which is significantly higher than GB1E.DE's 0.54% return.
IBC7.DE
- 1D
- 0.11%
- 1M
- 0.31%
- YTD
- 0.72%
- 6M
- 0.87%
- 1Y
- 5.33%
- 3Y*
- 5.92%
- 5Y*
- 1.34%
- 10Y*
- —
GB1E.DE
- 1D
- -0.14%
- 1M
- -0.35%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.91%
- 3Y*
- 6.25%
- 5Y*
- —
- 10Y*
- —
IBC7.DE vs. GB1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.72% | 6.91% | 3.22% | 6.57% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.54% | 5.84% | 5.89% | 6.21% |
Correlation
The correlation between IBC7.DE and GB1E.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.80 |
The correlation between IBC7.DE and GB1E.DE has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
IBC7.DE vs. GB1E.DE — Risk / Return Rank
IBC7.DE
GB1E.DE
IBC7.DE vs. GB1E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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.
| IBC7.DE | GB1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.20 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.24 | +0.32 |
| Martin ratioReturn relative to average drawdown | 6.24 | 5.22 | +1.02 |
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
| IBC7.DE | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 0.99 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.37 | -0.92 |
Drawdowns
IBC7.DE vs. GB1E.DE - Drawdown Comparison
The maximum IBC7.DE drawdown since its inception was -21.83%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for IBC7.DE and GB1E.DE.
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Drawdown Indicators
| IBC7.DE | GB1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -4.31% | -17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -3.10% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -4.31% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.31% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.53% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -0.56% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.74% | +0.13% |
Volatility
IBC7.DE vs. GB1E.DE - Volatility Comparison
iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) have volatilities of 1.10% and 1.09%, 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.
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Volatility by Period
| IBC7.DE | GB1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.09% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.34% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 3.86% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 4.28% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 4.28% | +3.72% |
IBC7.DE vs. GB1E.DE - Expense Ratio Comparison
IBC7.DE has a 0.55% expense ratio, which is higher than GB1E.DE's 0.30% expense ratio.
Dividends
IBC7.DE vs. GB1E.DE - Dividend Comparison
IBC7.DE's dividend yield for the trailing twelve months is around 6.97%, while GB1E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.97% | 5.55% | 5.89% | 5.17% | 4.46% | 3.93% | 4.18% | 4.59% | 3.28% |
Frequently Asked Questions
IBC7.DE and GB1E.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GB1E.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GB1E.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for IBC7.DE.
IBC7.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (EUR Hedged), while GB1E.DE tracks Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IBC7.DE and 0.30% for GB1E.DE.
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