IEAC.AS vs. KORP
Compare and contrast key facts about iShares Core € Corp Bond UCITS ETF (IEAC.AS) and American Century Diversified Corporate Bond ETF (KORP).
IEAC.AS and KORP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEAC.AS is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Corporate Bond Index. It was launched on Mar 6, 2009. KORP is an actively managed fund by American Century Investments. It was launched on Jan 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEAC.AS or KORP.
Key characteristics
| IEAC.AS | KORP | |
|---|---|---|
| YTD Return | -1.83% | -0.32% |
| 1Y Return | 3.28% | 2.93% |
| 3Y Return (Ann) | -2.97% | -1.08% |
| 5Y Return (Ann) | -1.05% | 1.49% |
| Sharpe Ratio | 0.88 | 0.57 |
| Daily Std Dev | 4.31% | 5.29% |
| Max Drawdown | -17.26% | -14.90% |
| Current Drawdown | -10.17% | -5.04% |
Correlation
The correlation between IEAC.AS and KORP is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IEAC.AS vs. KORP - Performance Comparison
In the year-to-date period, IEAC.AS achieves a -1.83% return, which is significantly lower than KORP's -0.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEAC.AS vs. KORP - Expense Ratio Comparison
IEAC.AS has a 0.20% expense ratio, which is lower than KORP's 0.29% expense ratio.
Risk-Adjusted Performance
IEAC.AS vs. KORP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF (IEAC.AS) and American Century Diversified Corporate Bond ETF (KORP). 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.
Dividends
IEAC.AS vs. KORP - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.21%, less than KORP's 4.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.21% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% | 2.22% | 2.62% |
KORP American Century Diversified Corporate Bond ETF | 4.82% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 3.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IEAC.AS vs. KORP - Drawdown Comparison
The maximum IEAC.AS drawdown since its inception was -17.26%, which is greater than KORP's maximum drawdown of -14.90%. Use the drawdown chart below to compare losses from any high point for IEAC.AS and KORP. For additional features, visit the drawdowns tool.
Volatility
IEAC.AS vs. KORP - Volatility Comparison
iShares Core € Corp Bond UCITS ETF (IEAC.AS) has a higher volatility of 2.39% compared to American Century Diversified Corporate Bond ETF (KORP) at 2.06%. This indicates that IEAC.AS's price experiences larger fluctuations and is considered to be riskier than KORP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.