IE3E.DE vs. IBCS.DE
IE3E.DE (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds from iShares - IE3E.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 3 years, IE3E.DE returned 3.74%/yr vs 4.29%/yr for IBCS.DE. A 0.70 correlation means they provide meaningful diversification when combined. IE3E.DE charges 0.12%/yr vs 0.20%/yr for IBCS.DE.
Performance
IE3E.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IE3E.DE achieves a 0.48% return, which is significantly lower than IBCS.DE's 0.64% return.
IE3E.DE
- 1D
- 0.05%
- 1M
- 0.19%
- YTD
- 0.48%
- 6M
- 0.73%
- 1Y
- 1.92%
- 3Y*
- 3.74%
- 5Y*
- —
- 10Y*
- —
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%
IE3E.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc | 0.48% | 3.04% | 4.31% | 4.16% | -1.80% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 7.36% | -5.93% |
Correlation
The correlation between IE3E.DE and IBCS.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 30, 2022 | 0.71 |
The correlation between IE3E.DE and IBCS.DE shifts across timeframes, from 0.55 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IE3E.DE vs. IBCS.DE — Risk / Return Rank
IE3E.DE
IBCS.DE
IE3E.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.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.
| IE3E.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 0.62 | +1.24 |
| Martin ratioReturn relative to average drawdown | 7.32 | 2.13 | +5.19 |
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
| IE3E.DE | IBCS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.51 | +0.74 |
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 | 1.57 | 0.16 | +1.40 |
Drawdowns
IE3E.DE vs. IBCS.DE - Drawdown Comparison
The maximum IE3E.DE drawdown since its inception was -3.12%, smaller than the maximum IBCS.DE drawdown of -31.12%. Use the drawdown chart below to compare losses from any high point for IE3E.DE and IBCS.DE.
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Drawdown Indicators
| IE3E.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -31.12% | +28.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -2.79% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -2.79% | +1.81% |
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 | -0.08% | -2.79% | +2.71% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -8.35% | +7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.81% | -0.56% |
Volatility
IE3E.DE vs. IBCS.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) is 0.42%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 1.18%. This indicates that IE3E.DE experiences smaller price fluctuations and is considered to be less risky than IBCS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE3E.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 1.18% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 2.88% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 3.38% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.59% | 4.74% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.59% | 4.47% | -2.88% |
IE3E.DE vs. IBCS.DE - Expense Ratio Comparison
IE3E.DE has a 0.12% expense ratio, which is lower than IBCS.DE's 0.20% 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
IE3E.DE vs. IBCS.DE - Dividend Comparison
IE3E.DE has not paid dividends to shareholders, while IBCS.DE's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG 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% |
Frequently Asked Questions
IE3E.DE and IBCS.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE3E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE3E.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IBCS.DE.
IE3E.DE tracks Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. Their fees differ too: 0.12% for IE3E.DE and 0.20% for IBCS.DE.
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