IBCD.DE vs. CBU0.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) are both Corporate Bonds funds from iShares - IBCD.DE tracks the iBoxx® USD Liquid Investment Grade while CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, IBCD.DE returned 1.65%/yr vs 3.94%/yr for CBU0.DE. At a 0.45 correlation, their price movements are largely independent. IBCD.DE charges 0.20%/yr vs 0.25%/yr for CBU0.DE.
Performance
IBCD.DE vs. CBU0.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 higher than CBU0.DE's -0.89% 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%
CBU0.DE
- 1D
- 0.17%
- 1M
- 0.91%
- YTD
- -0.89%
- 6M
- -0.71%
- 1Y
- 2.45%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
IBCD.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 1.63% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
Correlation
The correlation between IBCD.DE and CBU0.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.45 |
Over the past year, the correlation between IBCD.DE and CBU0.DE has dropped to 0.18 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
IBCD.DE vs. CBU0.DE — Risk / Return Rank
IBCD.DE
CBU0.DE
IBCD.DE vs. CBU0.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 Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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 | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.58 | +0.16 |
| Martin ratioReturn relative to average drawdown | 1.78 | 1.62 | +0.16 |
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 | CBU0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.48 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
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 | 0.45 | -0.29 |
Drawdowns
IBCD.DE vs. CBU0.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than CBU0.DE's maximum drawdown of -6.02%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and CBU0.DE.
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Drawdown Indicators
| IBCD.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -6.02% | -35.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.20% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -4.20% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | -2.03% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -1.65% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.52% | +0.13% |
Volatility
IBCD.DE vs. CBU0.DE - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) is 1.33%, while iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a volatility of 2.00%. This indicates that IBCD.DE experiences smaller price fluctuations and is considered to be less risky than CBU0.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 | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.00% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.39% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 5.11% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 5.81% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 5.81% | +3.26% |
IBCD.DE vs. CBU0.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is lower than CBU0.DE's 0.25% expense ratio. Despite the difference, 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. CBU0.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, while CBU0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond 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% |
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
IBCD.DE and CBU0.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCD.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CBU0.DE.
IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Their fees differ too: 0.20% for IBCD.DE and 0.25% for CBU0.DE.
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