IEBC.L vs. DGS
IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - IEBC.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 10 years, IEBC.L returned 2.30%/yr vs 10.70%/yr for DGS. At a 0.17 correlation, their price movements are largely independent. IEBC.L charges 0.20%/yr vs 0.58%/yr for DGS.
Performance
IEBC.L vs. DGS - Performance Comparison
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Different Trading Currencies
IEBC.L is traded in GBP, while DGS is traded in USD. To make them comparable, the DGS 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 DGS's 15.63% return. Over the past 10 years, IEBC.L has underperformed DGS with an annualized return of 2.30%, while DGS has yielded a comparatively higher 10.70% annualized 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%
DGS
- 1D
- 0.55%
- 1M
- 2.19%
- YTD
- 15.63%
- 6M
- 15.55%
- 1Y
- 28.16%
- 3Y*
- 13.36%
- 5Y*
- 9.13%
- 10Y*
- 10.70%
IEBC.L vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | -0.13% | 9.43% | -0.07% | 5.85% | -8.39% | -7.87% | 8.96% | 1.12% | -0.45% | 5.98% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 15.63% | 12.54% | 2.90% | 13.13% | -1.93% | 16.42% | 1.00% | 14.38% | -11.57% | 25.58% |
Correlation
The correlation between IEBC.L and DGS is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2009 | 0.17 |
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Return for Risk
IEBC.L vs. DGS — Risk / Return Rank
IEBC.L
DGS
IEBC.L vs. DGS - 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 WisdomTree Emerging Markets SmallCap Dividend Fund (DGS). 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 | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 3.26 | -1.90 |
| Martin ratioReturn relative to average drawdown | 3.53 | 11.77 | -8.24 |
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 | DGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.12 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.73 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.66 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.36 | +0.08 |
Drawdowns
IEBC.L vs. DGS - Drawdown Comparison
The maximum IEBC.L drawdown since its inception was -21.31%, smaller than the maximum DGS drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for IEBC.L and DGS.
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Drawdown Indicators
| IEBC.L | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -46.01% | +24.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -8.67% | +4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -16.39% | +12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.80% | -16.39% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | -32.17% | +10.86% |
Current DrawdownCurrent decline from peak | -3.97% | -0.65% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -9.04% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.40% | -0.89% |
Volatility
IEBC.L vs. DGS - Volatility Comparison
The current volatility for iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) is 1.37%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 4.04%. This indicates that IEBC.L experiences smaller price fluctuations and is considered to be less risky than DGS 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 | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 4.04% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 11.15% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 13.34% | -8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 12.58% | -6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 16.33% | -8.68% |
IEBC.L vs. DGS - Expense Ratio Comparison
IEBC.L has a 0.20% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
IEBC.L vs. DGS - Dividend Comparison
IEBC.L's dividend yield for the trailing twelve months is around 3.85%, more than DGS's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.19% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
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 DGS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEBC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEBC.L is cheaper with a 0.20% expense ratio, compared with 0.58% for DGS.
IEBC.L is categorized as European Corporate Bonds, while DGS is Emerging Markets Diversified. IEBC.L tracks Bloomberg Euro Corp TR EUR, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for IEBC.L and 0.58% for DGS.
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