IBCQ.DE vs. 36B7.DE
IBCQ.DE (iShares Global Corp Bond EUR Hedged UCITS ETF (Dist)) and 36B7.DE (iShares Global Corp Bond UCITS ETF EUR Hedged (Dist)) are both Global Corporate Bonds funds from iShares - IBCQ.DE tracks the Bloomberg Global Aggregate Corporate Index (EUR Hedged) while 36B7.DE tracks the Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, IBCQ.DE returned -1.18%/yr vs -1.12%/yr for 36B7.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IBCQ.DE vs. 36B7.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCQ.DE achieves a 0.37% return, which is significantly higher than 36B7.DE's 0.24% return.
IBCQ.DE
- 1D
- -0.07%
- 1M
- 0.56%
- 6M
- 0.23%
- YTD
- 0.37%
- 1Y
- 2.17%
- 3Y*
- 3.66%
- 5Y*
- -1.18%
- 10Y*
- 0.44%
36B7.DE
- 1D
- 0.00%
- 1M
- 0.72%
- 6M
- 0.48%
- YTD
- 0.24%
- 1Y
- 2.17%
- 3Y*
- 3.77%
- 5Y*
- -1.12%
- 10Y*
- —
IBCQ.DE vs. 36B7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 0.37% | 4.51% | 1.64% | 6.18% | -16.03% | -2.10% | 5.98% | 5.09% |
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 0.24% | 4.83% | 1.72% | 6.08% | -16.05% | -1.91% | 4.95% | 4.77% |
Correlation
The correlation between IBCQ.DE and 36B7.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.81 |
The correlation between IBCQ.DE and 36B7.DE shifts across timeframes, from 0.71 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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
IBCQ.DE vs. 36B7.DE — Risk / Return Rank
IBCQ.DE
36B7.DE
IBCQ.DE vs. 36B7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.DE) and iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBCQ.DE | 36B7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.77 | -0.11 |
| Martin ratioReturn relative to average drawdown | 2.11 | 2.26 | -0.15 |
Loading charts...
Drawdowns
IBCQ.DE vs. 36B7.DE - Drawdown Comparison
The maximum IBCQ.DE drawdown since its inception was -21.76%, roughly equal to the maximum 36B7.DE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for IBCQ.DE and 36B7.DE.
Loading charts...
Drawdown Indicators
| IBCQ.DE | 36B7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.76% | -21.83% | +0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -2.81% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -4.56% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -21.62% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -21.76% | — | — |
Current DrawdownCurrent decline from peak | -7.19% | -6.97% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -8.35% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.95% | +0.07% |
Volatility
IBCQ.DE vs. 36B7.DE - Volatility Comparison
iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.DE) and iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) (36B7.DE) have volatilities of 0.90% and 0.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCQ.DE | 36B7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.91% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 3.16% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 4.13% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 5.69% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 6.47% | -0.62% |
IBCQ.DE vs. 36B7.DE - Expense Ratio Comparison
Both IBCQ.DE and 36B7.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCQ.DE vs. 36B7.DE - Dividend Comparison
IBCQ.DE's dividend yield for the trailing twelve months is around 4.11%, which matches 36B7.DE's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36B7.DE iShares Global Corp Bond UCITS ETF EUR Hedged (Dist) | 4.08% | 4.01% | 3.87% | 3.23% | 2.71% | 2.07% | 1.19% | 0.94% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 4.11% | 3.96% | 3.75% | 3.20% | 2.62% | 2.09% | 2.36% | 2.66% | 3.00% | 2.19% | 2.51% | 2.75% |
Frequently Asked Questions
IBCQ.DE and 36B7.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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCQ.DE and 36B7.DE have the same expense ratio: 0.25% per year.
IBCQ.DE tracks Bloomberg Global Aggregate Corporate Index (EUR Hedged), while 36B7.DE tracks Bloomberg Global Aggregate Corporate Bond Index (EUR Hedged).
Find the right allocation for IBCQ.DE and 36B7.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