IBCS.DE vs. IB26.DE
IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) and IB26.DE (iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist)) are both European Corporate Bonds funds from iShares - IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap while IB26.DE tracks the Bloomberg MSCI December 2026 Maturity EUR Corporate ESG Screened Index. Both are passively managed. Over the past year, IBCS.DE returned 2.11% vs 2.18% for IB26.DE. A 0.59 correlation means they provide meaningful diversification when combined. IBCS.DE charges 0.20%/yr vs 0.12%/yr for IB26.DE.
Performance
IBCS.DE vs. IB26.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCS.DE achieves a 0.64% return, which is significantly lower than IB26.DE's 0.88% return.
IBCS.DE
- 1D
- 0.12%
- 1M
- 0.29%
- YTD
- 0.64%
- 6M
- 0.59%
- 1Y
- 2.11%
- 3Y*
- 4.29%
- 5Y*
- -0.27%
- 10Y*
- 0.73%
IB26.DE
- 1D
- 0.02%
- 1M
- 0.25%
- YTD
- 0.88%
- 6M
- 1.06%
- 1Y
- 2.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCS.DE vs. IB26.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 4.98% |
IB26.DE iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) | 0.88% | 2.79% | 3.68% | 3.19% |
Correlation
The correlation between IBCS.DE and IB26.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023 | 0.59 |
Over the past year, the correlation between IBCS.DE and IB26.DE has dropped to 0.18 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IBCS.DE vs. IB26.DE — Risk / Return Rank
IBCS.DE
IB26.DE
IBCS.DE vs. IB26.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 iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) (IB26.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.
| IBCS.DE | IB26.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.66 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 11.70 | -11.08 |
| Martin ratioReturn relative to average drawdown | 2.13 | 54.81 | -52.68 |
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
| IBCS.DE | IB26.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 3.01 | -2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 2.62 | -2.46 |
Drawdowns
IBCS.DE vs. IB26.DE - Drawdown Comparison
The maximum IBCS.DE drawdown since its inception was -31.12%, which is greater than IB26.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for IBCS.DE and IB26.DE.
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Drawdown Indicators
| IBCS.DE | IB26.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.12% | -0.83% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -0.18% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -2.79% | — | — |
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 | -2.79% | 0.00% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -0.11% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.04% | +0.77% |
Volatility
IBCS.DE vs. IB26.DE - Volatility Comparison
iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a higher volatility of 1.18% compared to iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) (IB26.DE) at 0.25%. This indicates that IBCS.DE's price experiences larger fluctuations and is considered to be riskier than IB26.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 | IB26.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.25% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 0.51% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 0.72% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 1.43% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 1.43% | +3.04% |
IBCS.DE vs. IB26.DE - Expense Ratio Comparison
IBCS.DE has a 0.20% expense ratio, which is higher than IB26.DE's 0.12% 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. IB26.DE - Dividend Comparison
IBCS.DE's dividend yield for the trailing twelve months is around 3.07%, less than IB26.DE's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IB26.DE iShares iBonds Dec 2026 Term EUR Corporate UCITS ETF EUR (Dist) | 3.14% | 3.24% | 3.59% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 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 IB26.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB26.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB26.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IBCS.DE.
IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap, while IB26.DE tracks Bloomberg MSCI December 2026 Maturity EUR Corporate ESG Screened Index. Their fees differ too: 0.20% for IBCS.DE and 0.12% for IB26.DE.
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