IEXA.DE vs. XZE5.DE
IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) and XZE5.DE (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) are both European Corporate Bonds funds - IEXA.DE tracks the Bloomberg Euro Corporate ex-Financials Bond while XZE5.DE tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 3 years, IEXA.DE returned 4.16%/yr vs 4.07%/yr for XZE5.DE. Their correlation of 0.81 suggests significant overlap in exposure. IEXA.DE charges 0.20%/yr vs 0.16%/yr for XZE5.DE.
Performance
IEXA.DE vs. XZE5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IEXA.DE achieves a 1.30% return, which is significantly higher than XZE5.DE's 0.85% return.
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
XZE5.DE
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 0.85%
- 6M
- 0.88%
- 1Y
- 1.96%
- 3Y*
- 4.07%
- 5Y*
- 1.16%
- 10Y*
- —
IEXA.DE vs. XZE5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
XZE5.DE Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C | 0.85% | 3.08% | 4.10% | 5.27% | -3.13% |
Correlation
The correlation between IEXA.DE and XZE5.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.81 |
Over the past year, the correlation between IEXA.DE and XZE5.DE has dropped to 0.60 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
IEXA.DE vs. XZE5.DE — Risk / Return Rank
IEXA.DE
XZE5.DE
IEXA.DE vs. XZE5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) and Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEXA.DE | XZE5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.19 | -0.32 |
| Martin ratioReturn relative to average drawdown | 2.79 | 4.23 | -1.44 |
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Drawdowns
IEXA.DE vs. XZE5.DE - Drawdown Comparison
The maximum IEXA.DE drawdown since its inception was -9.06%, roughly equal to the maximum XZE5.DE drawdown of -8.73%. Use the drawdown chart below to compare losses from any high point for IEXA.DE and XZE5.DE.
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Drawdown Indicators
| IEXA.DE | XZE5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -8.73% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -1.66% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -2.56% | -1.66% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -2.28% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.46% | +0.34% |
Volatility
IEXA.DE vs. XZE5.DE - Volatility Comparison
iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) has a higher volatility of 0.78% compared to Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.DE) at 0.50%. This indicates that IEXA.DE's price experiences larger fluctuations and is considered to be riskier than XZE5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEXA.DE | XZE5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.50% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.67% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 1.94% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 2.55% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 2.38% | +2.39% |
IEXA.DE vs. XZE5.DE - Expense Ratio Comparison
IEXA.DE has a 0.20% expense ratio, which is higher than XZE5.DE's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEXA.DE vs. XZE5.DE - Dividend Comparison
Neither IEXA.DE nor XZE5.DE has paid dividends to shareholders.
Frequently Asked Questions
IEXA.DE and XZE5.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZE5.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZE5.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for IEXA.DE.
IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while XZE5.DE tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IEXA.DE and 0.16% for XZE5.DE.
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