IBCD.DE vs. IS3C.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both exchange-traded funds - IBCD.DE is a Corporate Bonds fund tracking the iBoxx® USD Liquid Investment Grade, while IS3C.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 10 years, IBCD.DE returned 1.88%/yr vs -0.58%/yr for IS3C.DE. At a 0.24 correlation, their price movements are largely independent. IBCD.DE charges 0.20%/yr vs 0.50%/yr for IS3C.DE.
Performance
IBCD.DE vs. IS3C.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 IS3C.DE's -1.63% return. Over the past 10 years, IBCD.DE has outperformed IS3C.DE with an annualized return of 1.88%, while IS3C.DE has yielded a comparatively lower -0.58% annualized 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%
IS3C.DE
- 1D
- 0.23%
- 1M
- -0.36%
- YTD
- -1.63%
- 6M
- -1.68%
- 1Y
- 2.88%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
IBCD.DE vs. IS3C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | 0.35% | 20.25% | -0.24% | -6.49% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 3.22% | 12.58% | -8.60% | 7.87% |
Correlation
The correlation between IBCD.DE and IS3C.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2013 | 0.24 |
The correlation between IBCD.DE and IS3C.DE shifts across timeframes, from 0.24 (all time) to 0.41 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCD.DE vs. IS3C.DE — Risk / Return Rank
IBCD.DE
IS3C.DE
IBCD.DE vs. IS3C.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 EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.48 | +0.26 |
| Martin ratioReturn relative to average drawdown | 1.78 | 1.52 | +0.26 |
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 | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.44 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.38 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | -0.06 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.00 | +0.15 |
Drawdowns
IBCD.DE vs. IS3C.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than IS3C.DE's maximum drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and IS3C.DE.
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Drawdown Indicators
| IBCD.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -30.78% | -11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -5.62% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -8.94% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -30.47% | +13.35% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | -30.78% | +13.27% |
Current DrawdownCurrent decline from peak | -7.49% | -17.90% | +10.41% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -9.16% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.79% | -0.14% |
Volatility
IBCD.DE vs. IS3C.DE - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) is 1.33%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.10%. This indicates that IBCD.DE experiences smaller price fluctuations and is considered to be less risky than IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.10% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 5.14% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 6.18% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 8.94% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 9.30% | -0.23% |
IBCD.DE vs. IS3C.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
IBCD.DE vs. IS3C.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, while IS3C.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% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Frequently Asked Questions
IBCD.DE and IS3C.DE have a correlation of 0.26, 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 0.50% for IS3C.DE.
IBCD.DE is categorized as Corporate Bonds, while IS3C.DE is Emerging Markets Bonds. IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). Their fees differ too: 0.20% for IBCD.DE and 0.50% for IS3C.DE.
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