IEAA.L vs. IEAC.L

Last updated Jul 18, 2026

IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) and IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) are both European Corporate Bonds funds from iShares - IEAA.L tracks the Bloomberg Euro Corp TR EUR while IEAC.L tracks the BBG Euro Corporate Index (EUR). Both are passively managed. Over the past 5 years, IEAA.L returned -0.11%/yr vs -0.44%/yr for IEAC.L. Their correlation of 0.86 suggests significant overlap in exposure. IEAA.L charges 0.20%/yr vs 0.09%/yr for IEAC.L.

Performance

IEAA.L vs. IEAC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) and iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEAA.L achieves a 0.37% return, which is significantly higher than IEAC.L's -1.30% return.

IEAA.L

• 1D: 0.00%
• 1M: -0.55%
• 6M: -0.00%
• YTD: 0.37%
• 1Y: 1.32%
• 3Y*: 4.24%
• 5Y*: -0.11%
• 10Y*: —

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%

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

IEAA.L vs. IEAC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc)	0.37%	3.08%	4.42%	7.48%	-13.40%	-1.11%	2.70%	6.24%	-1.48%	0.67%
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%	0.66%

Correlation

The correlation between IEAA.L and IEAC.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017	0.86

The correlation between IEAA.L and IEAC.L has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

IEAA.L vs. IEAC.L — Risk / Return Rank

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

IEAA.L

IEAA.L Risk / Return Rank: 17
IEAA.L Sharpe Ratio Rank: 17
IEAA.L Sortino Ratio Rank: 15
IEAA.L Omega Ratio Rank: 16
IEAA.L Calmar Ratio Rank: 17
IEAA.L Martin Ratio Rank: 20

IEAC.L

IEAC.L Risk / Return Rank: 14
IEAC.L Sharpe Ratio Rank: 10
IEAC.L Sortino Ratio Rank: 12
IEAC.L Omega Ratio Rank: 28
IEAC.L Calmar Ratio Rank: 10
IEAC.L Martin Ratio Rank: 10

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.

IEAA.L vs. IEAC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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.

	IEAA.L	IEAC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.38	-0.01	+0.39
Sortino ratio: Return per unit of downside risk	0.57	0.27	+0.30
Omega ratio: Gain probability vs. loss probability	1.08	1.15	-0.07
Calmar ratio: Return relative to maximum drawdown	0.51	-0.01	+0.52
Martin ratio: Return relative to average drawdown	1.76	-0.17	+1.93

IEAA.L vs. IEAC.L - Sharpe Ratio Comparison

The current IEAA.L Sharpe Ratio is 0.38, which is higher than the IEAC.L Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of IEAA.L and IEAC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IEAA.L vs. IEAC.L - Drawdown Comparison

The maximum IEAA.L drawdown since its inception was -17.29%, smaller than the maximum IEAC.L drawdown of -24.28%. Use the drawdown chart below to compare losses from any high point for IEAA.L and IEAC.L.

Drawdown Indicators

	IEAA.L	IEAC.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.29%	-24.28%	+6.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	-23.42%	+20.84%
Max Drawdown (3Y) Largest decline over 3 years	-2.58%	-23.42%	+20.84%
Max Drawdown (5Y) Largest decline over 5 years	-17.29%	-24.28%	+6.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.28%	—
Current Drawdown Current decline from peak	-1.19%	-2.79%	+1.60%
Average Drawdown Average peak-to-trough decline	-4.50%	-3.03%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	2.02%	-1.27%

Volatility

IEAA.L vs. IEAC.L - Volatility Comparison

iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) and iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) have volatilities of 0.89% and 0.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEAA.L	IEAC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.86%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	36.11%	-33.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	36.42%	-32.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.58%	16.86%	-12.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	12.32%	-7.61%

IEAA.L vs. IEAC.L - Expense Ratio Comparison

IEAA.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

IEAA.L vs. IEAC.L - Dividend Comparison

IEAA.L has not paid dividends to shareholders, while IEAC.L's dividend yield for the trailing twelve months is around 1.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (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%
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

Can I hold both IEAA.L and IEAC.L in my portfolio?

IEAA.L and IEAC.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEAA.L or IEAC.L?

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.

Which ETF is cheaper, IEAA.L or IEAC.L?

IEAC.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IEAA.L.

What is the main difference between IEAA.L and IEAC.L?

IEAA.L tracks Bloomberg Euro Corp TR EUR, while IEAC.L tracks BBG Euro Corporate Index (EUR). Their fees differ too: 0.20% for IEAA.L and 0.09% for IEAC.L.