IBCS.DE vs. IS3B.DE
IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) and IS3B.DE (iShares Euro Corporate Bond Financials UCITS ETF) are both European Corporate Bonds funds from iShares - IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap while IS3B.DE tracks the Bloomberg Euro Aggregate Financial. Both are passively managed. Over the past 10 years, IBCS.DE returned 0.51%/yr vs 1.11%/yr for IS3B.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IBCS.DE vs. IS3B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCS.DE achieves a 0.49% return, which is significantly higher than IS3B.DE's 0.33% return. Over the past 10 years, IBCS.DE has underperformed IS3B.DE with an annualized return of 0.51%, while IS3B.DE has yielded a comparatively higher 1.11% annualized return.
IBCS.DE
- 1D
- -0.05%
- 1M
- -0.52%
- 6M
- -0.01%
- YTD
- 0.49%
- 1Y
- 1.14%
- 3Y*
- 3.91%
- 5Y*
- -0.46%
- 10Y*
- 0.51%
IS3B.DE
- 1D
- -0.05%
- 1M
- -0.42%
- 6M
- -0.07%
- YTD
- 0.33%
- 1Y
- 1.33%
- 3Y*
- 4.82%
- 5Y*
- 0.29%
- 10Y*
- 1.11%
IBCS.DE vs. IS3B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.49% | 2.83% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -1.32% | 1.59% |
IS3B.DE iShares Euro Corporate Bond Financials UCITS ETF | 0.33% | 3.53% | 5.28% | 7.82% | -13.13% | -0.74% | 2.28% | 6.09% | -1.84% | 3.13% |
Correlation
The correlation between IBCS.DE and IS3B.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 7, 2013 | 0.82 |
The correlation between IBCS.DE and IS3B.DE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
IBCS.DE vs. IS3B.DE — Risk / Return Rank
IBCS.DE
IS3B.DE
IBCS.DE vs. IS3B.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 Euro Corporate Bond Financials UCITS ETF (IS3B.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 | IS3B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.49 | -0.08 |
| Martin ratioReturn relative to average drawdown | 1.37 | 1.69 | -0.32 |
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Drawdowns
IBCS.DE vs. IS3B.DE - Drawdown Comparison
The maximum IBCS.DE drawdown since its inception was -17.87%, roughly equal to the maximum IS3B.DE drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for IBCS.DE and IS3B.DE.
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Drawdown Indicators
| IBCS.DE | IS3B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -17.05% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.70% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -2.70% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -17.05% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -17.87% | -17.05% | -0.82% |
Current DrawdownCurrent decline from peak | -2.93% | -0.89% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.92% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.78% | +0.05% |
Volatility
IBCS.DE vs. IS3B.DE - Volatility Comparison
iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a higher volatility of 0.78% compared to iShares Euro Corporate Bond Financials UCITS ETF (IS3B.DE) at 0.72%. This indicates that IBCS.DE's price experiences larger fluctuations and is considered to be riskier than IS3B.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 | IS3B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.72% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.17% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 3.48% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 4.19% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 4.36% | +0.11% |
IBCS.DE vs. IS3B.DE - Expense Ratio Comparison
Both IBCS.DE and IS3B.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. IS3B.DE - Dividend Comparison
IBCS.DE's dividend yield for the trailing twelve months is around 3.14%, less than IS3B.DE's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.14% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
IS3B.DE iShares Euro Corporate Bond Financials UCITS ETF | 3.19% | 3.08% | 2.95% | 2.42% | 1.00% | 0.75% | 0.97% | 1.09% | 1.10% | 1.12% | 1.52% | 1.70% |
Frequently Asked Questions
IBCS.DE and IS3B.DE have a correlation of 0.80, 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 IS3B.DE have the same expense ratio: 0.20% per year.
IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap, while IS3B.DE tracks Bloomberg Euro Aggregate Financial.
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