IBC9.DE vs. IS3K.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped while IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 10 years, IBC9.DE returned 4.28%/yr vs 4.08%/yr for IS3K.DE. Their correlation of 0.82 suggests significant overlap in exposure. IBC9.DE charges 0.50%/yr vs 0.45%/yr for IS3K.DE.
Performance
IBC9.DE vs. IS3K.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC9.DE achieves a 1.87% return, which is significantly lower than IS3K.DE's 2.62% return. Both investments have delivered pretty close results over the past 10 years, with IBC9.DE having a 4.28% annualized return and IS3K.DE not far behind at 4.08%.
IBC9.DE
- 1D
- -0.13%
- 1M
- 0.64%
- YTD
- 1.87%
- 6M
- 1.54%
- 1Y
- 4.30%
- 3Y*
- 6.02%
- 5Y*
- 3.91%
- 10Y*
- 4.28%
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.25%
- YTD
- 2.62%
- 6M
- 1.46%
- 1Y
- 4.16%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
IBC9.DE vs. IS3K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 1.87% | 1.08% | 9.31% | 9.25% | -6.54% | 8.54% | -2.13% | 14.97% | 0.24% | -3.66% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
Correlation
The correlation between IBC9.DE and IS3K.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.82 |
The correlation between IBC9.DE and IS3K.DE shifts across timeframes, from 0.62 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. IS3K.DE — Risk / Return Rank
IBC9.DE
IS3K.DE
IBC9.DE vs. IS3K.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 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.
| IBC9.DE | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.29 | +0.59 |
| Martin ratioReturn relative to average drawdown | 6.58 | 3.43 | +3.15 |
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
| IBC9.DE | IS3K.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.69 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.52 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | 0.00 |
Drawdowns
IBC9.DE vs. IS3K.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -22.34%, which is greater than IS3K.DE's maximum drawdown of -17.93%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and IS3K.DE.
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Drawdown Indicators
| IBC9.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -17.93% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -3.09% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -11.25% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -11.25% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | -17.93% | -4.41% |
Current DrawdownCurrent decline from peak | -0.13% | -4.57% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.51% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.16% | -0.55% |
Volatility
IBC9.DE vs. IS3K.DE - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) have volatilities of 0.84% and 0.85%, 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
| IBC9.DE | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.85% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.84% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 5.81% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 7.15% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 7.85% | 0.00% |
IBC9.DE vs. IS3K.DE - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is higher than IS3K.DE's 0.45% expense ratio.
Dividends
IBC9.DE vs. IS3K.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 5.56%, less than IS3K.DE's 7.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 5.56% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Frequently Asked Questions
IBC9.DE and IS3K.DE have a correlation of 0.62, 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 0.50% for IBC9.DE.
IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. Their fees differ too: 0.50% for IBC9.DE and 0.45% for IS3K.DE.
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