IBCD.DE vs. IS3K.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - IBCD.DE is a Corporate Bonds fund tracking the iBoxx® USD Liquid Investment Grade, while IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 10 years, IBCD.DE returned 1.88%/yr vs 4.08%/yr for IS3K.DE. A 0.68 correlation means they provide meaningful diversification when combined. IBCD.DE charges 0.20%/yr vs 0.45%/yr for IS3K.DE.
Performance
IBCD.DE vs. IS3K.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 IS3K.DE's 2.62% return. Over the past 10 years, IBCD.DE has underperformed IS3K.DE with an annualized return of 1.88%, while IS3K.DE has yielded a comparatively higher 4.08% 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%
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.25%
- YTD
- 2.62%
- 6M
- 1.46%
- 1Y
- 4.16%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
IBCD.DE vs. IS3K.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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
Correlation
The correlation between IBCD.DE and IS3K.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.68 |
The correlation between IBCD.DE and IS3K.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
IBCD.DE vs. IS3K.DE — Risk / Return Rank
IBCD.DE
IS3K.DE
IBCD.DE vs. IS3K.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 Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.12 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.29 | -0.54 |
| Martin ratioReturn relative to average drawdown | 1.78 | 3.43 | -1.66 |
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 | IS3K.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.69 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.69 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.52 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.56 | -0.40 |
Drawdowns
IBCD.DE vs. IS3K.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than IS3K.DE's maximum drawdown of -17.93%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and IS3K.DE.
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Drawdown Indicators
| IBCD.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -17.93% | -23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.09% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -11.25% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -11.25% | -5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | -17.93% | +0.42% |
Current DrawdownCurrent decline from peak | -7.49% | -4.57% | -2.92% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -4.51% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.16% | +0.49% |
Volatility
IBCD.DE vs. IS3K.DE - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a higher volatility of 1.33% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) at 0.85%. This indicates that IBCD.DE's price experiences larger fluctuations and is considered to be riskier than IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.85% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.84% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 5.81% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 7.15% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 7.85% | +1.22% |
IBCD.DE vs. IS3K.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is lower than IS3K.DE's 0.45% expense ratio.
Dividends
IBCD.DE vs. IS3K.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, less than IS3K.DE's 7.13% yield.
| 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Frequently Asked Questions
IBCD.DE and IS3K.DE have a correlation of 0.70, 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 IS3K.DE.
IBCD.DE is categorized as Corporate Bonds, while IS3K.DE is High Yield Bonds. IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. Their fees differ too: 0.20% for IBCD.DE and 0.45% for IS3K.DE.
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