IEBC.L vs. GGRA.L
IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) and GGRA.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc) are both exchange-traded funds - IEBC.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while GGRA.L is a Global Equity Income fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, IEBC.L returned 0.63%/yr vs 9.19%/yr for GGRA.L. At a 0.26 correlation, their price movements are largely independent. IEBC.L charges 0.20%/yr vs 0.38%/yr for GGRA.L.
Performance
IEBC.L vs. GGRA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IEBC.L is traded in GBP, while GGRA.L is traded in USD. To make them comparable, the GGRA.L 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 GGRA.L's 5.55% 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%
GGRA.L
- 1D
- 0.16%
- 1M
- 4.41%
- YTD
- 5.55%
- 6M
- 5.47%
- 1Y
- 17.54%
- 3Y*
- 10.56%
- 5Y*
- 9.19%
- 10Y*
- —
IEBC.L vs. GGRA.L - 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% |
GGRA.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc | 5.55% | 7.92% | 10.84% | 12.48% | -3.38% | 20.53% | 13.05% | 29.83% | -5.91% | 17.91% |
Correlation
The correlation between IEBC.L and GGRA.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016 | 0.26 |
The correlation between IEBC.L and GGRA.L shifts across timeframes, from 0.19 (5 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEBC.L vs. GGRA.L — Risk / Return Rank
IEBC.L
GGRA.L
IEBC.L vs. GGRA.L - 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 Global Quality Dividend Growth UCITS ETF - USD Acc (GGRA.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.
| IEBC.L | GGRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.13 | -0.77 |
| Martin ratioReturn relative to average drawdown | 3.53 | 7.84 | -4.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEBC.L | GGRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.47 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.68 | -0.58 |
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 | 0.86 | -0.42 |
Drawdowns
IEBC.L vs. GGRA.L - Drawdown Comparison
The maximum IEBC.L drawdown since its inception was -21.31%, smaller than the maximum GGRA.L drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for IEBC.L and GGRA.L.
Loading charts...
Drawdown Indicators
| IEBC.L | GGRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -22.65% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -8.21% | +4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -16.72% | +12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.80% | -16.72% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | — | — |
Current DrawdownCurrent decline from peak | -3.97% | 0.00% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -2.99% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.23% | -0.72% |
Volatility
IEBC.L vs. GGRA.L - Volatility Comparison
The current volatility for iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) is 1.37%, while WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (GGRA.L) has a volatility of 3.71%. This indicates that IEBC.L experiences smaller price fluctuations and is considered to be less risky than GGRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IEBC.L | GGRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 3.71% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 9.70% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 11.88% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 13.43% | -7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 14.63% | -6.98% |
IEBC.L vs. GGRA.L - Expense Ratio Comparison
IEBC.L has a 0.20% expense ratio, which is lower than GGRA.L's 0.38% expense ratio.
Dividends
IEBC.L vs. GGRA.L - Dividend Comparison
IEBC.L's dividend yield for the trailing twelve months is around 3.85%, while GGRA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGRA.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 GGRA.L have a correlation of 0.36, 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 0.38% for GGRA.L.
IEBC.L is categorized as European Corporate Bonds, while GGRA.L is Global Equity Income. IEBC.L tracks Bloomberg Euro Corp TR EUR, while GGRA.L tracks WisdomTree Global Developed Quality Dividend Growth. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for IEBC.L and 0.38% for GGRA.L.
Find the right allocation for IEBC.L and GGRA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer