IBCS.DE vs. ASR3.DE
IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) and ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) are both European Corporate Bonds funds - IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap while ASR3.DE tracks the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. Both are passively managed. Over the past 5 years, IBCS.DE returned -0.10%/yr vs 1.37%/yr for ASR3.DE. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IBCS.DE vs. ASR3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCS.DE achieves a 1.40% return, which is significantly higher than ASR3.DE's 0.73% return.
IBCS.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.40%
- 6M
- 1.59%
- 1Y
- 2.39%
- 3Y*
- 4.46%
- 5Y*
- -0.10%
- 10Y*
- 0.79%
ASR3.DE
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 0.73%
- 6M
- 0.94%
- 1Y
- 1.88%
- 3Y*
- 4.00%
- 5Y*
- 1.37%
- 10Y*
- —
IBCS.DE vs. ASR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | -0.39% |
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 0.73% | 2.92% | 4.48% | 4.74% | -5.39% | -0.20% | 0.40% | 0.10% |
Correlation
The correlation between IBCS.DE and ASR3.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2019 | 0.61 |
The correlation between IBCS.DE and ASR3.DE shifts across timeframes, from 0.53 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCS.DE vs. ASR3.DE — Risk / Return Rank
IBCS.DE
ASR3.DE
IBCS.DE vs. ASR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.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.
| IBCS.DE | ASR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.97 | -0.12 |
| Martin ratioReturn relative to average drawdown | 2.92 | 2.67 | +0.25 |
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Drawdowns
IBCS.DE vs. ASR3.DE - Drawdown Comparison
The maximum IBCS.DE drawdown since its inception was -17.87%, which is greater than ASR3.DE's maximum drawdown of -6.87%. Use the drawdown chart below to compare losses from any high point for IBCS.DE and ASR3.DE.
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Drawdown Indicators
| IBCS.DE | ASR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -6.87% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -1.93% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -1.93% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -6.87% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | -17.87% | — | — |
Current DrawdownCurrent decline from peak | -2.06% | -0.39% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -1.54% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.70% | +0.12% |
Volatility
IBCS.DE vs. ASR3.DE - Volatility Comparison
iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a higher volatility of 0.83% compared to BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) at 0.51%. This indicates that IBCS.DE's price experiences larger fluctuations and is considered to be riskier than ASR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCS.DE | ASR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.51% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.17% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 2.38% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 2.29% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 2.40% | +2.07% |
IBCS.DE vs. ASR3.DE - Expense Ratio Comparison
Both IBCS.DE and ASR3.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCS.DE vs. ASR3.DE - Dividend Comparison
IBCS.DE's dividend yield for the trailing twelve months is around 3.11%, more than ASR3.DE's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 1.97% | 2.97% | 3.58% | 0.93% | 1.02% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.11% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
Frequently Asked Questions
IBCS.DE and ASR3.DE have a correlation of 0.53, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCS.DE and ASR3.DE have the same expense ratio: 0.20% per year.
IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap, while ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. They also come from different issuers: iShares and BNP Paribas.
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