IEAH.L vs. IS15.L
IEAH.L (iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist)) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both European Corporate Bonds funds from iShares - IEAH.L tracks the BBG Euro Corporate Index (EUR) while IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, IEAH.L returned 0.93%/yr vs 2.44%/yr for IS15.L. A 0.50 correlation means they provide meaningful diversification when combined. IEAH.L charges 0.11%/yr vs 0.20%/yr for IS15.L.
Performance
IEAH.L vs. IS15.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEAH.L achieves a -0.38% return, which is significantly lower than IS15.L's 1.21% return.
IEAH.L
- 1D
- 0.00%
- 1M
- -0.38%
- 6M
- 0.80%
- YTD
- -0.38%
- 1Y
- 1.40%
- 3Y*
- 5.29%
- 5Y*
- 0.93%
- 10Y*
- —
IS15.L
- 1D
- 0.21%
- 1M
- 0.07%
- 6M
- 0.86%
- YTD
- 1.21%
- 1Y
- 4.04%
- 3Y*
- 6.32%
- 5Y*
- 2.44%
- 10Y*
- 2.25%
IEAH.L vs. IS15.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) | -0.38% | 5.19% | 5.53% | 8.98% | -12.43% | -0.56% | 2.89% | 7.56% | 0.31% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 1.21% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 4.54% | 0.23% |
Correlation
The correlation between IEAH.L and IS15.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.50 |
The correlation between IEAH.L and IS15.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
IEAH.L vs. IS15.L — Risk / Return Rank
IEAH.L
IS15.L
IEAH.L vs. IS15.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 GBP Corporate Bond 0-5yr UCITS ETF (IS15.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 | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.08 | -1.63 |
| Martin ratioReturn relative to average drawdown | 1.40 | 7.90 | -6.50 |
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Drawdowns
IEAH.L vs. IS15.L - Drawdown Comparison
The maximum IEAH.L drawdown since its inception was -16.50%, which is greater than IS15.L's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for IEAH.L and IS15.L.
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Drawdown Indicators
| IEAH.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -12.18% | -4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -1.94% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.10% | -1.94% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -12.18% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.18% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.23% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -1.12% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.51% | +0.49% |
Volatility
IEAH.L vs. IS15.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.L) is 0.74%, while iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) has a volatility of 0.82%. This indicates that IEAH.L experiences smaller price fluctuations and is considered to be less risky than IS15.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 | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.82% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.45% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 2.68% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 3.32% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 3.13% | +1.89% |
IEAH.L vs. IS15.L - Expense Ratio Comparison
IEAH.L has a 0.11% expense ratio, which is lower than IS15.L's 0.20% 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
IEAH.L vs. IS15.L - Dividend Comparison
IEAH.L's dividend yield for the trailing twelve months is around 1.60%, less than IS15.L's 4.51% 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) | 1.60% | 3.23% | 3.27% | 2.42% | 0.77% | 0.75% | 0.78% | 1.04% | 0.31% | 0.00% | 0.00% | 0.00% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.51% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
Frequently Asked Questions
IEAH.L and IS15.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAH.L is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAH.L is cheaper with a 0.11% expense ratio, compared with 0.20% for IS15.L.
IEAH.L tracks BBG Euro Corporate Index (EUR), while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR. Their fees differ too: 0.11% for IEAH.L and 0.20% for IS15.L.
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