IEBC.L vs. IS15.L
IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both European Corporate Bonds funds from iShares - IEBC.L tracks the Bloomberg Euro Corp TR EUR while IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 10 years, IEBC.L returned 2.30%/yr vs 2.28%/yr for IS15.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IEBC.L vs. IS15.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEBC.L achieves a -0.13% return, which is significantly lower than IS15.L's 0.59% return. Both investments have delivered pretty close results over the past 10 years, with IEBC.L having a 2.30% annualized return and IS15.L not far behind at 2.28%.
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%
IS15.L
- 1D
- -0.19%
- 1M
- 0.81%
- YTD
- 0.59%
- 6M
- 1.03%
- 1Y
- 4.47%
- 3Y*
- 6.08%
- 5Y*
- 2.33%
- 10Y*
- 2.28%
IEBC.L vs. IS15.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% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 0.59% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 4.54% | -0.48% | 1.76% |
Correlation
The correlation between IEBC.L and IS15.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.29 |
The correlation between IEBC.L and IS15.L shifts across timeframes, from 0.29 (all time) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEBC.L vs. IS15.L — Risk / Return Rank
IEBC.L
IS15.L
IEBC.L vs. IS15.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 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.
| IEBC.L | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.36 | -1.00 |
| Martin ratioReturn relative to average drawdown | 3.53 | 9.07 | -5.54 |
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 | IS15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.77 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.70 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.73 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.87 | -0.43 |
Drawdowns
IEBC.L vs. IS15.L - Drawdown Comparison
The maximum IEBC.L drawdown since its inception was -21.31%, 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 IEBC.L and IS15.L.
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Drawdown Indicators
| IEBC.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -12.18% | -9.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -1.94% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -1.94% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -16.80% | -12.18% | -4.62% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | -12.18% | -9.13% |
Current DrawdownCurrent decline from peak | -3.97% | -0.30% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -1.12% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 0.50% | +1.01% |
Volatility
IEBC.L vs. IS15.L - Volatility Comparison
iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) has a higher volatility of 1.37% compared to iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) at 1.02%. This indicates that IEBC.L's price experiences larger fluctuations and is considered to be riskier 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
| IEBC.L | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.02% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 2.32% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 2.58% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 3.30% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 3.13% | +4.52% |
IEBC.L vs. IS15.L - Expense Ratio Comparison
Both IEBC.L and IS15.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEBC.L vs. IS15.L - Dividend Comparison
IEBC.L's dividend yield for the trailing twelve months is around 3.85%, less than IS15.L's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.54% | 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
IEBC.L and IS15.L have a correlation of 0.38, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEBC.L and IS15.L have the same expense ratio: 0.20% per year.
IEBC.L tracks Bloomberg Euro Corp TR EUR, while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR.
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