IBC9.DE vs. QDVQ.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and QDVQ.DE (iShares Fallen Angels 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 QDVQ.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped. Both are passively managed. Over the past 5 years, IBC9.DE returned 3.91%/yr vs 3.51%/yr for QDVQ.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
IBC9.DE vs. QDVQ.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 QDVQ.DE's 2.23% return.
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%
QDVQ.DE
- 1D
- 0.06%
- 1M
- 1.02%
- YTD
- 2.23%
- 6M
- 1.76%
- 1Y
- 5.75%
- 3Y*
- 5.48%
- 5Y*
- 3.51%
- 10Y*
- —
IBC9.DE vs. QDVQ.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% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 2.23% | 0.11% | 8.76% | 8.83% | -9.03% | 10.74% | 7.49% | 18.50% | -0.74% | -1.27% |
Correlation
The correlation between IBC9.DE and QDVQ.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2016 | 0.83 |
The correlation between IBC9.DE and QDVQ.DE shifts across timeframes, from 0.66 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. QDVQ.DE — Risk / Return Rank
IBC9.DE
QDVQ.DE
IBC9.DE vs. QDVQ.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 Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.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 | QDVQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.94 | -0.06 |
| Martin ratioReturn relative to average drawdown | 6.58 | 6.98 | -0.40 |
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 | QDVQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.15 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.54 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.65 | -0.09 |
Drawdowns
IBC9.DE vs. QDVQ.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -22.34%, roughly equal to the maximum QDVQ.DE drawdown of -22.94%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and QDVQ.DE.
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Drawdown Indicators
| IBC9.DE | QDVQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -22.94% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -2.90% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -9.27% | +2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -11.15% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.24% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -2.84% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.81% | -0.20% |
Volatility
IBC9.DE vs. QDVQ.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) is 0.84%, while iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) has a volatility of 1.21%. This indicates that IBC9.DE experiences smaller price fluctuations and is considered to be less risky than QDVQ.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 | QDVQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.21% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.53% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 4.87% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 6.40% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 8.33% | -0.48% |
IBC9.DE vs. QDVQ.DE - Expense Ratio Comparison
Both IBC9.DE and QDVQ.DE have an expense ratio of 0.50%.
Dividends
IBC9.DE vs. QDVQ.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 5.56%, less than QDVQ.DE's 7.11% 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% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 7.11% | 5.73% | 5.78% | 5.26% | 4.47% | 3.82% | 4.44% | 4.56% | 4.96% | 4.65% | 2.13% | 0.00% |
Frequently Asked Questions
IBC9.DE and QDVQ.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBC9.DE and QDVQ.DE have the same expense ratio: 0.50% per year.
IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while QDVQ.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped.
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