IEAH.L vs. IRCP.L
IEAH.L (iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist)) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - IEAH.L tracks the iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) while IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, IEAH.L returned 0.94%/yr vs 2.50%/yr for IRCP.L. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IEAH.L vs. IRCP.L - Performance Comparison
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Different Trading Currencies
IEAH.L is traded in GBP, while IRCP.L is traded in EUR. To make them comparable, the IRCP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAH.L achieves a -0.36% return, which is significantly higher than IRCP.L's -1.35% return.
IEAH.L
- 1D
- -0.17%
- 1M
- -0.36%
- 6M
- -0.75%
- YTD
- -0.36%
- 1Y
- 1.69%
- 3Y*
- 5.52%
- 5Y*
- 0.94%
- 10Y*
- —
IRCP.L
- 1D
- 0.00%
- 1M
- -1.86%
- 6M
- -0.68%
- YTD
- -1.35%
- 1Y
- 0.73%
- 3Y*
- 4.72%
- 5Y*
- 2.50%
- 10Y*
- 1.73%
IEAH.L vs. IRCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | -0.36% | 5.19% | 5.53% | 8.98% | -12.43% | -0.56% | 2.89% | 7.56% | 0.31% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | -1.35% | 9.79% | 1.63% | 3.04% | 2.28% | -6.16% | 6.54% | -1.90% | -0.60% |
Correlation
The correlation between IEAH.L and IRCP.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.03 |
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Return for Risk
IEAH.L vs. IRCP.L — Risk / Return Rank
IEAH.L
IRCP.L
IEAH.L vs. IRCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.L) and iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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.
| IEAH.L | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.03 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.32 | +0.16 |
| Martin ratioReturn relative to average drawdown | 1.50 | 0.87 | +0.63 |
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Drawdowns
IEAH.L vs. IRCP.L - Drawdown Comparison
The maximum IEAH.L drawdown since its inception was -16.50%, smaller than the maximum IRCP.L drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for IEAH.L and IRCP.L.
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Drawdown Indicators
| IEAH.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -19.15% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.41% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.10% | -2.41% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -8.09% | -8.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -0.75% | -2.41% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -5.61% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.87% | +0.13% |
Volatility
IEAH.L vs. IRCP.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.L) is 0.73%, while iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) has a volatility of 1.05%. This indicates that IEAH.L experiences smaller price fluctuations and is considered to be less risky than IRCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAH.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.05% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.47% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 4.62% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 6.05% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 7.09% | -2.07% |
IEAH.L vs. IRCP.L - Expense Ratio Comparison
Both IEAH.L and IRCP.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEAH.L vs. IRCP.L - Dividend Comparison
IEAH.L's dividend yield for the trailing twelve months is around 3.27%, more than IRCP.L's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | 3.27% | 3.23% | 3.27% | 2.42% | 0.77% | 0.75% | 0.78% | 1.04% | 0.31% | 0.00% | 0.00% | 0.00% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
Frequently Asked Questions
IEAH.L and IRCP.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEAH.L and IRCP.L have the same expense ratio: 0.25% per year.
IEAH.L tracks iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist), while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist).
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