IBCD.DE vs. IS02.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both exchange-traded funds - IBCD.DE is a Corporate Bonds fund tracking the iBoxx® USD Liquid Investment Grade, while IS02.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, IBCD.DE returned 0.50%/yr vs 2.88%/yr for IS02.DE. A 0.75 correlation means they provide meaningful diversification when combined. IBCD.DE charges 0.20%/yr vs 0.45%/yr for IS02.DE.
Performance
IBCD.DE vs. IS02.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCD.DE achieves a 1.30% return, which is significantly lower than IS02.DE's 2.97% 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%
IS02.DE
- 1D
- 0.11%
- 1M
- 1.39%
- YTD
- 2.97%
- 6M
- 2.43%
- 1Y
- 9.76%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
IBCD.DE vs. IS02.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% | -1.64% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between IBCD.DE and IS02.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.75 |
The correlation between IBCD.DE and IS02.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCD.DE vs. IS02.DE — Risk / Return Rank
IBCD.DE
IS02.DE
IBCD.DE vs. IS02.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 J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.30 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 3.11 | -2.37 |
| Martin ratioReturn relative to average drawdown | 1.78 | 8.98 | -7.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCD.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.57 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.33 | -0.28 |
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 | 0.27 | -0.12 |
Drawdowns
IBCD.DE vs. IS02.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and IS02.DE.
Loading charts...
Drawdown Indicators
| IBCD.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -16.21% | -25.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.00% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -12.85% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -16.21% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | 0.00% | -7.49% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -5.92% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.04% | +0.61% |
Volatility
IBCD.DE vs. IS02.DE - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a higher volatility of 1.33% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that IBCD.DE's price experiences larger fluctuations and is considered to be riskier than IS02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCD.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.19% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.97% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 5.94% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 8.53% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 8.34% | +0.73% |
IBCD.DE vs. IS02.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
IBCD.DE vs. IS02.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (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
IBCD.DE and IS02.DE have a correlation of 0.77, 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 0.45% for IS02.DE.
IBCD.DE is categorized as Corporate Bonds, while IS02.DE is Emerging Markets Bonds. IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while IS02.DE tracks JP Morgan EMBI Global Core. Their fees differ too: 0.20% for IBCD.DE and 0.45% for IS02.DE.
Find the right allocation for IBCD.DE and IS02.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer