IEBC.L vs. SE15.L
IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) and SE15.L (iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist)) are both European Corporate Bonds funds from iShares - IEBC.L tracks the Bloomberg Euro Corp TR EUR while SE15.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, IEBC.L returned 2.30%/yr vs 2.18%/yr for SE15.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IEBC.L vs. SE15.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 higher than SE15.L's -0.33% return. Over the past 10 years, IEBC.L has outperformed SE15.L with an annualized return of 2.30%, while SE15.L has yielded a comparatively lower 2.18% 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%
SE15.L
- 1D
- 0.22%
- 1M
- 0.73%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- 5.05%
- 3Y*
- 4.84%
- 5Y*
- 1.50%
- 10Y*
- 2.18%
IEBC.L vs. SE15.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% |
SE15.L iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | -0.33% | 9.40% | 0.01% | 4.04% | -2.64% | -6.64% | 6.70% | -2.39% | 0.34% | 4.51% |
Correlation
The correlation between IEBC.L and SE15.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2009 | 0.84 |
The correlation between IEBC.L and SE15.L shifts across timeframes, from 0.84 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEBC.L vs. SE15.L — Risk / Return Rank
IEBC.L
SE15.L
IEBC.L vs. SE15.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 EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (SE15.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 | SE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.55 | -0.19 |
| Martin ratioReturn relative to average drawdown | 3.53 | 3.96 | -0.43 |
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 | SE15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.17 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.27 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.31 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.25 | +0.19 |
Drawdowns
IEBC.L vs. SE15.L - Drawdown Comparison
The maximum IEBC.L drawdown since its inception was -21.31%, which is greater than SE15.L's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for IEBC.L and SE15.L.
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Drawdown Indicators
| IEBC.L | SE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -15.78% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -3.25% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -3.25% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.80% | -10.15% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | -15.55% | -5.76% |
Current DrawdownCurrent decline from peak | -3.97% | -1.85% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -6.32% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.27% | +0.24% |
Volatility
IEBC.L vs. SE15.L - Volatility Comparison
iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) and iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (SE15.L) have volatilities of 1.37% and 1.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEBC.L | SE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.31% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.13% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 4.32% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 5.48% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 7.05% | +0.60% |
IEBC.L vs. SE15.L - Expense Ratio Comparison
Both IEBC.L and SE15.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. SE15.L - Dividend Comparison
IEBC.L's dividend yield for the trailing twelve months is around 3.85%, more than SE15.L's 3.51% 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% |
SE15.L iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | 3.51% | 3.34% | 3.02% | 1.62% | 0.58% | 0.68% | 0.66% | 0.73% | 0.69% | 0.77% | 1.05% | 0.77% |
Frequently Asked Questions
With a correlation of 0.96, IEBC.L and SE15.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 SE15.L have the same expense ratio: 0.20% per year.
IEBC.L tracks Bloomberg Euro Corp TR EUR, while SE15.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR.
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