IE15.L vs. IRCP.L
IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) while IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Both are passively managed. Over the past 10 years, IE15.L returned 0.76%/yr vs 1.58%/yr for IRCP.L. At a 0.24 correlation, their price movements are largely independent. IE15.L charges 0.20%/yr vs 0.25%/yr for IRCP.L.
Performance
IE15.L vs. IRCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IE15.L achieves a -1.14% return, which is significantly lower than IRCP.L's 1.46% return. Over the past 10 years, IE15.L has underperformed IRCP.L with an annualized return of 0.76%, while IRCP.L has yielded a comparatively higher 1.58% annualized return.
IE15.L
- 1D
- -0.18%
- 1M
- -0.30%
- 6M
- -1.34%
- YTD
- -1.14%
- 1Y
- -0.17%
- 3Y*
- 3.65%
- 5Y*
- 0.69%
- 10Y*
- 0.76%
IRCP.L
- 1D
- 0.04%
- 1M
- 0.05%
- 6M
- 1.47%
- YTD
- 1.46%
- 1Y
- 3.00%
- 3Y*
- 5.19%
- 5Y*
- 2.73%
- 10Y*
- 1.58%
IE15.L vs. IRCP.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) | -1.14% | 3.42% | 4.34% | 5.77% | -7.79% | -0.34% | 1.06% | 2.63% | -0.65% | 0.86% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.46% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 1.46% |
Correlation
The correlation between IE15.L and IRCP.L 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 (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2012 | 0.24 |
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Return for Risk
IE15.L vs. IRCP.L — Risk / Return Rank
IE15.L
IRCP.L
IE15.L vs. IRCP.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 € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.24 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.04 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.25 | 12.47 | -12.71 |
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Drawdowns
IE15.L vs. IRCP.L - Drawdown Comparison
The maximum IE15.L drawdown since its inception was -10.14%, smaller than the maximum IRCP.L drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for IE15.L and IRCP.L.
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Drawdown Indicators
| IE15.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.14% | -14.44% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -1.03% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -1.96% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -10.14% | -7.09% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -10.14% | -14.44% | +4.30% |
Current DrawdownCurrent decline from peak | -1.39% | -0.16% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -1.31% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.25% | +0.91% |
Volatility
IE15.L vs. IRCP.L - Volatility Comparison
The current volatility for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) is 0.59%, while iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) has a volatility of 0.63%. This indicates that IE15.L experiences smaller price fluctuations and is considered to be less risky than IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.63% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.45% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 2.67% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 2.97% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 3.79% | -0.47% |
IE15.L vs. IRCP.L - Expense Ratio Comparison
IE15.L has a 0.20% expense ratio, which is lower than IRCP.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. IRCP.L - Dividend Comparison
IE15.L's dividend yield for the trailing twelve months is around 3.00%, more than IRCP.L's 2.58% 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) | 3.00% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
Frequently Asked Questions
IE15.L and IRCP.L 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, 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 IRCP.L.
IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist), while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Their fees differ too: 0.20% for IE15.L and 0.25% for IRCP.L.
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