IEBC.L vs. AVDEX
IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) and AVDEX (Avantis International Equity Fund) are both funds - IEBC.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while AVDEX is a Foreign Large Cap Equities fund managed by Avantis Investors. Over the past 5 years, IEBC.L returned 0.63%/yr vs 10.92%/yr for AVDEX. At a 0.25 correlation, their price movements are largely independent. IEBC.L charges 0.20%/yr vs 0.23%/yr for AVDEX.
Performance
IEBC.L vs. AVDEX - Performance Comparison
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Different Trading Currencies
IEBC.L is traded in GBP, while AVDEX is traded in USD. To make them comparable, the AVDEX values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEBC.L achieves a -0.13% return, which is significantly lower than AVDEX's 10.98% return.
IEBC.L
- 1D
- 0.26%
- 1M
- 1.06%
- YTD
- -0.13%
- 6M
- -0.18%
- 1Y
- 5.35%
- 3Y*
- 5.31%
- 5Y*
- 0.63%
- 10Y*
- 2.30%
AVDEX
- 1D
- -0.52%
- 1M
- 2.78%
- YTD
- 10.98%
- 6M
- 12.53%
- 1Y
- 28.36%
- 3Y*
- 16.98%
- 5Y*
- 10.92%
- 10Y*
- —
IEBC.L vs. AVDEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | -0.13% | 9.43% | -0.07% | 5.85% | -8.39% | -7.87% | 8.96% | 0.62% |
AVDEX Avantis International Equity Fund | 10.98% | 27.56% | 6.72% | 11.14% | -3.66% | 14.44% | 5.03% | 2.38% |
Correlation
The correlation between IEBC.L and AVDEX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019 | 0.25 |
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Return for Risk
IEBC.L vs. AVDEX — Risk / Return Rank
IEBC.L
AVDEX
IEBC.L vs. AVDEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) and Avantis International Equity Fund (AVDEX). 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.
| IEBC.L | AVDEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.69 | -1.33 |
| Martin ratioReturn relative to average drawdown | 3.53 | 10.98 | -7.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEBC.L | AVDEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.47 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.88 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.70 | -0.26 |
Drawdowns
IEBC.L vs. AVDEX - Drawdown Comparison
The maximum IEBC.L drawdown since its inception was -21.31%, smaller than the maximum AVDEX drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for IEBC.L and AVDEX.
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Drawdown Indicators
| IEBC.L | AVDEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -30.62% | +9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -10.66% | +6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -11.59% | +7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.80% | -13.43% | -3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | — | — |
Current DrawdownCurrent decline from peak | -3.97% | -0.97% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -3.67% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.61% | -1.10% |
Volatility
IEBC.L vs. AVDEX - Volatility Comparison
The current volatility for iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) is 1.37%, while Avantis International Equity Fund (AVDEX) has a volatility of 3.38%. This indicates that IEBC.L experiences smaller price fluctuations and is considered to be less risky than AVDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEBC.L | AVDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 3.38% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 9.61% | -5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 11.64% | -6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 12.46% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 15.99% | -8.34% |
IEBC.L vs. AVDEX - Expense Ratio Comparison
IEBC.L has a 0.20% expense ratio, which is lower than AVDEX's 0.23% 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
IEBC.L vs. AVDEX - Dividend Comparison
IEBC.L's dividend yield for the trailing twelve months is around 3.85%, more than AVDEX's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDEX Avantis International Equity Fund | 2.88% | 3.19% | 3.67% | 3.17% | 2.22% | 3.46% | 1.67% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 3.85% | 3.76% | 4.10% | 2.89% | 0.94% | 0.97% | 0.93% | 1.30% | 1.09% | 1.72% | 1.94% | 1.22% |
Frequently Asked Questions
IEBC.L and AVDEX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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