IE15.L vs. IEAC.L
IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) and IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR), while IEAC.L is a European Corporate Bonds fund tracking the BBG Euro Corporate Index (EUR). Both are passively managed. Over the past 10 years, IE15.L returned 0.76%/yr vs 0.64%/yr for IEAC.L. A 0.75 correlation means they provide meaningful diversification when combined. IE15.L charges 0.20%/yr vs 0.09%/yr for IEAC.L.
Performance
IE15.L vs. IEAC.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 higher than IEAC.L's -1.30% return. Over the past 10 years, IE15.L has outperformed IEAC.L with an annualized return of 0.76%, while IEAC.L has yielded a comparatively lower 0.64% annualized 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%
IEAC.L
- 1D
- 0.03%
- 1M
- -0.43%
- 6M
- 0.07%
- YTD
- -1.30%
- 1Y
- -0.34%
- 3Y*
- 3.69%
- 5Y*
- -0.44%
- 10Y*
- 0.64%
IE15.L vs. IEAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 2.63% | -0.65% | 0.86% |
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | -1.30% | 3.22% | 4.32% | 7.42% | -13.36% | -1.07% | 2.60% | 6.20% | -1.47% | 2.20% |
Correlation
The correlation between IE15.L and IEAC.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.75 |
The correlation between IE15.L and IEAC.L shifts across timeframes, from 0.75 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IE15.L vs. IEAC.L — Risk / Return Rank
IE15.L
IEAC.L
IE15.L vs. IEAC.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 iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.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 | IEAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.15 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.01 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.25 | -0.17 | -0.08 |
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Drawdowns
IE15.L vs. IEAC.L - Drawdown Comparison
The maximum IE15.L drawdown since its inception was -10.14%, smaller than the maximum IEAC.L drawdown of -24.28%. Use the drawdown chart below to compare losses from any high point for IE15.L and IEAC.L.
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Drawdown Indicators
| IE15.L | IEAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.14% | -24.28% | +14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -23.42% | +20.56% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -23.42% | +20.56% |
Max Drawdown (5Y)Largest decline over 5 years | -10.14% | -24.28% | +14.14% |
Max Drawdown (10Y)Largest decline over 10 years | -10.14% | -24.28% | +14.14% |
Current DrawdownCurrent decline from peak | -1.40% | -2.79% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -3.03% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.02% | -0.86% |
Volatility
IE15.L vs. IEAC.L - Volatility Comparison
The current volatility for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) is 0.58%, while iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) has a volatility of 0.86%. This indicates that IE15.L experiences smaller price fluctuations and is considered to be less risky than IEAC.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 | IEAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.86% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 36.11% | -34.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 36.42% | -33.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 16.86% | -14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 12.32% | -9.00% |
IE15.L vs. IEAC.L - Expense Ratio Comparison
IE15.L has a 0.20% expense ratio, which is higher than IEAC.L's 0.09% 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
IE15.L vs. IEAC.L - Dividend Comparison
IE15.L's dividend yield for the trailing twelve months is around 1.51%, less than IEAC.L's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
IE15.L and IEAC.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IE15.L.
IE15.L is categorized as Short-Term Bond, while IEAC.L is European Corporate Bonds. IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR), while IEAC.L tracks BBG Euro Corporate Index (EUR). Their fees differ too: 0.20% for IE15.L and 0.09% for IEAC.L.
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