IEAC.L vs. UC81.L
IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) and UC81.L (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) are both exchange-traded funds - IEAC.L is a European Corporate Bonds fund tracking the BBG Euro Corporate Index (EUR), while UC81.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 10 years, IEAC.L returned 0.64%/yr vs 2.09%/yr for UC81.L. At a 0.12 correlation, their price movements are largely independent. IEAC.L charges 0.09%/yr vs 0.18%/yr for UC81.L.
Performance
IEAC.L vs. UC81.L - Performance Comparison
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Different Trading Currencies
IEAC.L is traded in EUR, while UC81.L is traded in GBp. To make them comparable, the UC81.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAC.L achieves a -1.30% return, which is significantly lower than UC81.L's 3.08% return. Over the past 10 years, IEAC.L has underperformed UC81.L with an annualized return of 0.64%, while UC81.L has yielded a comparatively higher 2.09% annualized return.
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%
UC81.L
- 1D
- 0.04%
- 1M
- 1.37%
- 6M
- 2.00%
- YTD
- 3.08%
- 1Y
- 5.00%
- 3Y*
- 4.71%
- 5Y*
- 2.82%
- 10Y*
- 2.09%
IEAC.L vs. UC81.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 2.20% |
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 3.08% | -5.41% | 11.57% | 2.51% | -0.64% | 6.84% | -4.00% | 10.86% | 4.81% | -10.21% |
Correlation
The correlation between IEAC.L and UC81.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2014 | 0.12 |
The correlation between IEAC.L and UC81.L shifts across timeframes, from -0.06 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEAC.L vs. UC81.L — Risk / Return Rank
IEAC.L
UC81.L
IEAC.L vs. UC81.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) and UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.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.
| IEAC.L | UC81.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.54 | -1.55 |
| Martin ratioReturn relative to average drawdown | -0.17 | 4.16 | -4.33 |
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Drawdowns
IEAC.L vs. UC81.L - Drawdown Comparison
The maximum IEAC.L drawdown since its inception was -24.28%, smaller than the maximum UC81.L drawdown of -36.63%. Use the drawdown chart below to compare losses from any high point for IEAC.L and UC81.L.
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Drawdown Indicators
| IEAC.L | UC81.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.28% | -36.63% | +12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -3.24% | -20.18% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -9.92% | -13.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -10.69% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -24.28% | -15.51% | -8.77% |
Current DrawdownCurrent decline from peak | -2.79% | -7.67% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -19.77% | +16.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.20% | +0.82% |
Volatility
IEAC.L vs. UC81.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) is 0.86%, while UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) has a volatility of 1.02%. This indicates that IEAC.L experiences smaller price fluctuations and is considered to be less risky than UC81.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAC.L | UC81.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.02% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 3.93% | +32.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.42% | 5.51% | +30.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 7.43% | +9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.32% | 7.62% | +4.70% |
IEAC.L vs. UC81.L - Expense Ratio Comparison
IEAC.L has a 0.09% expense ratio, which is lower than UC81.L's 0.18% 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
IEAC.L vs. UC81.L - Dividend Comparison
IEAC.L's dividend yield for the trailing twelve months is around 1.65%, less than UC81.L's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 4.67% | 5.59% | 4.76% | 3.28% | 1.37% | 1.58% | 2.75% | 2.90% | 2.20% | 2.16% | 1.86% | 0.84% |
Frequently Asked Questions
IEAC.L and UC81.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IEAC.L is cheaper with a 0.09% expense ratio, compared with 0.18% for UC81.L.
IEAC.L is categorized as European Corporate Bonds, while UC81.L is Corporate Bonds. IEAC.L tracks BBG Euro Corporate Index (EUR), while UC81.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.09% for IEAC.L and 0.18% for UC81.L.
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