IBC9.DE vs. UEEF.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds from iShares - IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, IBC9.DE returned 3.79%/yr vs 1.44%/yr for UEEF.DE. At a 0.47 correlation, their price movements are largely independent. IBC9.DE charges 0.50%/yr vs 0.27%/yr for UEEF.DE.
Performance
IBC9.DE vs. UEEF.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 UEEF.DE's 0.70% 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%
UEEF.DE
- 1D
- 0.17%
- 1M
- 0.00%
- 6M
- 0.70%
- YTD
- 0.70%
- 1Y
- 3.95%
- 3Y*
- 6.16%
- 5Y*
- 1.44%
- 10Y*
- —
IBC9.DE vs. UEEF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.59% | 1.08% | 9.31% | 9.25% | -6.54% | 8.55% | 3.25% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
Correlation
The correlation between IBC9.DE and UEEF.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.47 |
The correlation between IBC9.DE and UEEF.DE shifts across timeframes, from 0.35 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. UEEF.DE — Risk / Return Rank
IBC9.DE
UEEF.DE
IBC9.DE vs. UEEF.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 ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.42 | +1.25 |
| Martin ratioReturn relative to average drawdown | 8.68 | 6.02 | +2.66 |
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Drawdowns
IBC9.DE vs. UEEF.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -27.22%, which is greater than UEEF.DE's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and UEEF.DE.
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Drawdown Indicators
| IBC9.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -17.83% | -9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.77% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -5.10% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -17.83% | +7.83% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.17% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -4.87% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.65% | +0.03% |
Volatility
IBC9.DE vs. UEEF.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 ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) at 0.99%. This indicates that IBC9.DE's price experiences larger fluctuations and is considered to be riskier than UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.99% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.83% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 4.55% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 7.11% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 6.77% | +1.07% |
IBC9.DE vs. UEEF.DE - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is higher than UEEF.DE's 0.27% expense ratio.
Dividends
IBC9.DE vs. UEEF.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 6.99%, while UEEF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC9.DE and UEEF.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.50% for IBC9.DE.
IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Their fees differ too: 0.50% for IBC9.DE and 0.27% for UEEF.DE.
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