IBCD.DE vs. UEF7.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and UEF7.DE (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) are both Corporate Bonds funds - IBCD.DE tracks the iBoxx® USD Liquid Investment Grade while UEF7.DE tracks the Bloomberg US Liquid Corporates 1-5. Both are passively managed. Over the past 10 years, IBCD.DE returned 1.88%/yr vs 2.31%/yr for UEF7.DE. A 0.78 correlation means they provide meaningful diversification when combined. IBCD.DE charges 0.20%/yr vs 0.16%/yr for UEF7.DE.
Performance
IBCD.DE vs. UEF7.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 UEF7.DE's 1.61% return. Over the past 10 years, IBCD.DE has underperformed UEF7.DE with an annualized return of 1.88%, while UEF7.DE has yielded a comparatively higher 2.31% 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%
UEF7.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.61%
- 6M
- 0.93%
- 1Y
- 2.76%
- 3Y*
- 2.52%
- 5Y*
- 3.04%
- 10Y*
- 2.31%
IBCD.DE vs. UEF7.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% |
UEF7.DE UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 1.61% | -4.75% | 10.53% | 2.47% | -0.50% | 7.33% | -4.28% | 10.28% | 4.90% | -9.80% |
Correlation
The correlation between IBCD.DE and UEF7.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2014 | 0.78 |
The correlation between IBCD.DE and UEF7.DE shifts across timeframes, from 0.67 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCD.DE vs. UEF7.DE — Risk / Return Rank
IBCD.DE
UEF7.DE
IBCD.DE vs. UEF7.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 UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.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 | UEF7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.75 | -0.01 |
| Martin ratioReturn relative to average drawdown | 1.78 | 1.88 | -0.10 |
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 | UEF7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.46 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.43 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.33 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.42 | -0.26 |
Drawdowns
IBCD.DE vs. UEF7.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than UEF7.DE's maximum drawdown of -15.39%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and UEF7.DE.
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Drawdown Indicators
| IBCD.DE | UEF7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -15.39% | -26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.32% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -9.67% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -10.70% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | -15.39% | -2.12% |
Current DrawdownCurrent decline from peak | -7.49% | -5.28% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -4.76% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.33% | +0.32% |
Volatility
IBCD.DE vs. UEF7.DE - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a higher volatility of 1.33% compared to UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.DE) at 0.79%. This indicates that IBCD.DE's price experiences larger fluctuations and is considered to be riskier than UEF7.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 | UEF7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.79% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.60% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 5.41% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 6.97% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 6.97% | +2.10% |
IBCD.DE vs. UEF7.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is higher than UEF7.DE's 0.16% 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. UEF7.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, less than UEF7.DE's 4.65% 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% |
UEF7.DE UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 4.65% | 5.78% | 4.66% | 3.27% | 1.45% | 1.52% | 2.84% | 2.76% | 2.24% | 2.19% | 1.99% | 0.87% |
Frequently Asked Questions
IBCD.DE and UEF7.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEF7.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF7.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for IBCD.DE.
IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while UEF7.DE tracks Bloomberg US Liquid Corporates 1-5. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for IBCD.DE and 0.16% for UEF7.DE.
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