IBCS.DE vs. CBUJ.DE
IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) and CBUJ.DE (iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Dist) are both European Corporate Bonds funds from iShares - IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap while CBUJ.DE tracks the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select. Both are passively managed. Over the past 3 years, IBCS.DE returned 4.46%/yr vs 4.83%/yr for CBUJ.DE. Their correlation of 0.83 suggests significant overlap in exposure. IBCS.DE charges 0.20%/yr vs 0.15%/yr for CBUJ.DE.
Performance
IBCS.DE vs. CBUJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBCS.DE having a 1.40% return and CBUJ.DE slightly lower at 1.37%.
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%
CBUJ.DE
- 1D
- 0.20%
- 1M
- 0.80%
- YTD
- 1.37%
- 6M
- 1.58%
- 1Y
- 2.55%
- 3Y*
- 4.83%
- 5Y*
- —
- 10Y*
- —
IBCS.DE vs. CBUJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -4.08% |
CBUJ.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Dist | 1.37% | 2.98% | 4.25% | 7.41% | -3.29% |
Correlation
The correlation between IBCS.DE and CBUJ.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.83 |
Over the past year, the correlation between IBCS.DE and CBUJ.DE has dropped to 0.60 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
IBCS.DE vs. CBUJ.DE — Risk / Return Rank
IBCS.DE
CBUJ.DE
IBCS.DE vs. CBUJ.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 iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Dist (CBUJ.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 | CBUJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.98 | -0.12 |
| Martin ratioReturn relative to average drawdown | 2.92 | 3.40 | -0.48 |
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Drawdowns
IBCS.DE vs. CBUJ.DE - Drawdown Comparison
The maximum IBCS.DE drawdown since its inception was -17.87%, which is greater than CBUJ.DE's maximum drawdown of -8.90%. Use the drawdown chart below to compare losses from any high point for IBCS.DE and CBUJ.DE.
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Drawdown Indicators
| IBCS.DE | CBUJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -8.90% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.60% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -2.60% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.87% | — | — |
Current DrawdownCurrent decline from peak | -2.06% | 0.00% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.12% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.75% | +0.07% |
Volatility
IBCS.DE vs. CBUJ.DE - Volatility Comparison
iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a higher volatility of 0.83% compared to iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Dist (CBUJ.DE) at 0.75%. This indicates that IBCS.DE's price experiences larger fluctuations and is considered to be riskier than CBUJ.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 | CBUJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.75% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.63% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 3.04% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 4.52% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 4.52% | -0.05% |
IBCS.DE vs. CBUJ.DE - Expense Ratio Comparison
IBCS.DE has a 0.20% expense ratio, which is higher than CBUJ.DE's 0.15% 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
IBCS.DE vs. CBUJ.DE - Dividend Comparison
IBCS.DE's dividend yield for the trailing twelve months is around 3.11%, less than CBUJ.DE's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBUJ.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Dist | 3.52% | 3.52% | 3.48% | 2.96% | 0.12% | 0.00% | 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 CBUJ.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUJ.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IBCS.DE.
IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap, while CBUJ.DE tracks Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select. Their fees differ too: 0.20% for IBCS.DE and 0.15% for CBUJ.DE.
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