IE15.L vs. FLRG.L
IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) and FLRG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) are both exchange-traded funds - IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR), while FLRG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate EUR Green Bond Index. Both are passively managed. Over the past 5 years, IE15.L returned 0.68%/yr vs -2.18%/yr for FLRG.L. A 0.68 correlation means they provide meaningful diversification when combined. IE15.L charges 0.20%/yr vs 0.25%/yr for FLRG.L.
Performance
IE15.L vs. FLRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, IE15.L achieves a -1.15% return, which is significantly lower than FLRG.L's 0.63% return.
IE15.L
- 1D
- -0.04%
- 1M
- -0.18%
- 6M
- 0.17%
- YTD
- -1.15%
- 1Y
- -0.29%
- 3Y*
- 3.52%
- 5Y*
- 0.68%
- 10Y*
- 0.76%
FLRG.L
- 1D
- -0.04%
- 1M
- -0.62%
- 6M
- 0.17%
- YTD
- 0.63%
- 1Y
- 1.22%
- 3Y*
- 3.27%
- 5Y*
- -2.18%
- 10Y*
- —
IE15.L vs. FLRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -1.15% | 3.42% | 4.34% | 5.77% | -7.79% | -0.34% | 1.06% | 0.72% |
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.63% | 0.59% | 2.78% | 7.71% | -18.99% | -3.01% | 5.46% | 3.44% |
Correlation
The correlation between IE15.L and FLRG.L 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 | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.68 |
The correlation between IE15.L and FLRG.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
IE15.L vs. FLRG.L — Risk / Return Rank
IE15.L
FLRG.L
IE15.L vs. FLRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) and Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L). 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.
| IE15.L | FLRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.07 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.58 | -0.68 |
| Martin ratioReturn relative to average drawdown | -0.25 | 1.62 | -1.87 |
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Drawdowns
IE15.L vs. FLRG.L - Drawdown Comparison
The maximum IE15.L drawdown since its inception was -10.14%, smaller than the maximum FLRG.L drawdown of -23.17%. Use the drawdown chart below to compare losses from any high point for IE15.L and FLRG.L.
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Drawdown Indicators
| IE15.L | FLRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.14% | -23.17% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.48% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -3.41% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -10.14% | -22.63% | +12.49% |
Max Drawdown (10Y)Largest decline over 10 years | -10.14% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -12.19% | +10.79% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -10.42% | +8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.89% | +0.27% |
Volatility
IE15.L vs. FLRG.L - Volatility Comparison
The current volatility for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) is 0.58%, while Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) has a volatility of 1.02%. This indicates that IE15.L experiences smaller price fluctuations and is considered to be less risky than FLRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE15.L | FLRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 1.02% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.98% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 3.61% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 5.37% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 4.99% | -1.67% |
IE15.L vs. FLRG.L - Expense Ratio Comparison
IE15.L has a 0.20% expense ratio, which is lower than FLRG.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IE15.L vs. FLRG.L - Dividend Comparison
IE15.L's dividend yield for the trailing twelve months is around 1.51%, while FLRG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
Frequently Asked Questions
IE15.L and FLRG.L 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.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.25% for FLRG.L.
IE15.L is categorized as Short-Term Bond, while FLRG.L is Global Bonds. IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR), while FLRG.L tracks Bloomberg Global Aggregate EUR Green Bond Index. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.20% for IE15.L and 0.25% for FLRG.L.
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