IE3E.DE vs. LDCE.DE

Last updated Jun 5, 2026

IE3E.DE (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc) and LDCE.DE (PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist) are both European Corporate Bonds funds - IE3E.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI while LDCE.DE tracks the PIMCO Low Duration Euro Corporate Bond. Both are passively managed. Over the past 3 years, IE3E.DE returned 3.74%/yr vs 4.78%/yr for LDCE.DE. A 0.61 correlation means they provide meaningful diversification when combined. IE3E.DE charges 0.12%/yr vs 0.49%/yr for LDCE.DE.

Performance

IE3E.DE vs. LDCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) and PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IE3E.DE achieves a 0.48% return, which is significantly higher than LDCE.DE's 0.33% return.

IE3E.DE

• 1D: 0.05%
• 1M: 0.19%
• YTD: 0.48%
• 6M: 0.73%
• 1Y: 1.92%
• 3Y*: 3.74%
• 5Y*: —
• 10Y*: —

LDCE.DE

• 1D: 0.27%
• 1M: 0.32%
• YTD: 0.33%
• 6M: 0.20%
• 1Y: 2.24%
• 3Y*: 4.78%
• 5Y*: 1.27%
• 10Y*: 1.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IE3E.DE vs. LDCE.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%
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist	0.33%	4.19%	4.68%	6.54%	-3.59%

Correlation

The correlation between IE3E.DE and LDCE.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 30, 2022	0.61

The correlation between IE3E.DE and LDCE.DE shifts across timeframes, from 0.42 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IE3E.DE vs. LDCE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IE3E.DE

IE3E.DE Risk / Return Rank: 39
IE3E.DE Sharpe Ratio Rank: 35
IE3E.DE Sortino Ratio Rank: 36
IE3E.DE Omega Ratio Rank: 39
IE3E.DE Calmar Ratio Rank: 38
IE3E.DE Martin Ratio Rank: 45

LDCE.DE

LDCE.DE Risk / Return Rank: 20
LDCE.DE Sharpe Ratio Rank: 20
LDCE.DE Sortino Ratio Rank: 19
LDCE.DE Omega Ratio Rank: 20
LDCE.DE Calmar Ratio Rank: 19
LDCE.DE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IE3E.DE vs. LDCE.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 PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.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	LDCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.67	+0.58
Sortino ratio: Return per unit of downside risk	1.86	0.98	+0.88
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.13
Calmar ratio: Return relative to maximum drawdown	1.86	0.81	+1.05
Martin ratio: Return relative to average drawdown	7.32	2.69	+4.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IE3E.DE vs. LDCE.DE - Sharpe Ratio Comparison

The current IE3E.DE Sharpe Ratio is 1.25, which is higher than the LDCE.DE Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of IE3E.DE and LDCE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IE3E.DE	LDCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.67	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.57	0.60	+0.97

Drawdowns

IE3E.DE vs. LDCE.DE - Drawdown Comparison

The maximum IE3E.DE drawdown since its inception was -3.12%, smaller than the maximum LDCE.DE drawdown of -11.07%. Use the drawdown chart below to compare losses from any high point for IE3E.DE and LDCE.DE.

Drawdown Indicators

	IE3E.DE	LDCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-11.07%	+7.95%
Max Drawdown (1Y) Largest decline over 1 year	-0.98%	-2.63%	+1.65%
Max Drawdown (3Y) Largest decline over 3 years	-0.98%	-2.63%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-11.07%	—
Current Drawdown Current decline from peak	-0.08%	-0.77%	+0.69%
Average Drawdown Average peak-to-trough decline	-0.55%	-1.75%	+1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.79%	-0.54%

Volatility

IE3E.DE vs. LDCE.DE - Volatility Comparison

The current volatility for iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) is 0.42%, while PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.DE) has a volatility of 1.19%. This indicates that IE3E.DE experiences smaller price fluctuations and is considered to be less risky than LDCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IE3E.DE	LDCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	1.19%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	1.31%	2.71%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	1.46%	3.18%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.59%	2.88%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.59%	2.45%	-0.86%

IE3E.DE vs. LDCE.DE - Expense Ratio Comparison

IE3E.DE has a 0.12% expense ratio, which is lower than LDCE.DE's 0.49% expense ratio.

Dividends

IE3E.DE vs. LDCE.DE - Dividend Comparison

IE3E.DE has not paid dividends to shareholders, while LDCE.DE's dividend yield for the trailing twelve months is around 3.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist	3.37%	3.22%	2.73%	1.72%	0.94%	0.51%	0.51%	0.63%	0.65%	0.71%	0.95%	0.93%

Frequently Asked Questions

Can I hold both IE3E.DE and LDCE.DE in my portfolio?

IE3E.DE and LDCE.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IE3E.DE or LDCE.DE?

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.

Which ETF is cheaper, IE3E.DE or LDCE.DE?

IE3E.DE is cheaper with a 0.12% expense ratio, compared with 0.49% for LDCE.DE.

What is the main difference between IE3E.DE and LDCE.DE?

IE3E.DE tracks Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI, while LDCE.DE tracks PIMCO Low Duration Euro Corporate Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.12% for IE3E.DE and 0.49% for LDCE.DE.