IBCD.DE vs. 36BE.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and 36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) are both Corporate Bonds funds from iShares - IBCD.DE tracks the iBoxx® USD Liquid Investment Grade while 36BE.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI. Both are passively managed. Over the past 5 years, IBCD.DE returned 0.50%/yr vs 1.56%/yr for 36BE.DE. With a 0.95 correlation, they move nearly in lockstep. IBCD.DE charges 0.20%/yr vs 0.15%/yr for 36BE.DE.
Performance
IBCD.DE vs. 36BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCD.DE achieves a 1.30% return, which is significantly lower than 36BE.DE's 1.37% return.
IBCD.DE
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 1.30%
- 6M
- 0.27%
- 1Y
- 3.27%
- 3Y*
- 1.65%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
36BE.DE
- 1D
- 0.13%
- 1M
- 1.12%
- YTD
- 1.37%
- 6M
- 0.75%
- 1Y
- 3.56%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
IBCD.DE vs. 36BE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | -3.62% |
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -3.86% |
Correlation
The correlation between IBCD.DE and 36BE.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.95 |
The correlation between IBCD.DE and 36BE.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IBCD.DE vs. 36BE.DE — Risk / Return Rank
IBCD.DE
36BE.DE
IBCD.DE vs. 36BE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) and iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.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.
| IBCD.DE | 36BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.97 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.78 | 2.49 | -0.71 |
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
| IBCD.DE | 36BE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.57 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.19 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.03 | +0.12 |
Drawdowns
IBCD.DE vs. 36BE.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than 36BE.DE's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and 36BE.DE.
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Drawdown Indicators
| IBCD.DE | 36BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -12.76% | -29.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.31% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -11.21% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -12.76% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | -5.56% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -5.98% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.29% | +0.36% |
Volatility
IBCD.DE vs. 36BE.DE - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a higher volatility of 1.33% compared to iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) at 0.99%. This indicates that IBCD.DE's price experiences larger fluctuations and is considered to be riskier than 36BE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCD.DE | 36BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.99% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.90% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 5.65% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 8.11% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 8.79% | +0.28% |
IBCD.DE vs. 36BE.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is higher than 36BE.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBCD.DE vs. 36BE.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, less than 36BE.DE's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
Frequently Asked Questions
With a correlation of 0.94, IBCD.DE and 36BE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 36BE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BE.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IBCD.DE.
IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while 36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI. Their fees differ too: 0.20% for IBCD.DE and 0.15% for 36BE.DE.
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