IBC9.DE vs. IBC2.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) are both High Yield Bonds funds from iShares - IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped while IBC2.DE tracks the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged). Both are passively managed. Over the past 5 years, IBC9.DE returned 3.79%/yr vs 1.66%/yr for IBC2.DE. At a 0.49 correlation, their price movements are largely independent. IBC9.DE charges 0.50%/yr vs 0.55%/yr for IBC2.DE.
Performance
IBC9.DE vs. IBC2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC9.DE achieves a 3.59% return, which is significantly higher than IBC2.DE's 0.98% return.
IBC9.DE
- 1D
- 0.28%
- 1M
- 1.22%
- 6M
- 2.54%
- YTD
- 3.59%
- 1Y
- 5.94%
- 3Y*
- 7.03%
- 5Y*
- 3.79%
- 10Y*
- 4.00%
IBC2.DE
- 1D
- 0.26%
- 1M
- -0.00%
- 6M
- 0.73%
- YTD
- 0.98%
- 1Y
- 4.12%
- 3Y*
- 5.86%
- 5Y*
- 1.66%
- 10Y*
- —
IBC9.DE vs. IBC2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.59% | 1.08% | 9.31% | 9.25% | -6.54% | 8.55% | -2.14% | 14.98% | 2.86% |
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% |
Correlation
The correlation between IBC9.DE and IBC2.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
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 | 0.49 |
The correlation between IBC9.DE and IBC2.DE shifts across timeframes, from 0.32 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. IBC2.DE — Risk / Return Rank
IBC9.DE
IBC2.DE
IBC9.DE vs. IBC2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) and iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.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.
| IBC9.DE | IBC2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.36 | +1.31 |
| Martin ratioReturn relative to average drawdown | 8.68 | 6.04 | +2.64 |
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Drawdowns
IBC9.DE vs. IBC2.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -27.22%, which is greater than IBC2.DE's maximum drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and IBC2.DE.
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Drawdown Indicators
| IBC9.DE | IBC2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -22.54% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -3.03% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -4.22% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -15.71% | +5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.00% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -3.56% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.68% | 0.00% |
Volatility
IBC9.DE vs. IBC2.DE - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) has a higher volatility of 1.07% compared to iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) at 0.79%. This indicates that IBC9.DE's price experiences larger fluctuations and is considered to be riskier than IBC2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC9.DE | IBC2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.79% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.27% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 4.17% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 6.95% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 8.20% | -0.36% |
IBC9.DE vs. IBC2.DE - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is lower than IBC2.DE's 0.55% expense ratio.
Dividends
IBC9.DE vs. IBC2.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 6.99%, more than IBC2.DE's 6.19% 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% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 6.99% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
Frequently Asked Questions
IBC9.DE and IBC2.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC9.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC9.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for IBC2.DE.
IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged). Their fees differ too: 0.50% for IBC9.DE and 0.55% for IBC2.DE.
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