IGBE.L vs. 0UCF.L
IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) and 0UCF.L (iShares € Corp Bond Financials UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - IGBE.L tracks the Markit iBoxx GBP NonGilts TR while 0UCF.L tracks the Bloomberg Euro-Aggregate: Financials Index. Both are passively managed. Over the past 5 years, IGBE.L returned -0.72%/yr vs 0.18%/yr for 0UCF.L. At a 0.02 correlation, their price movements are largely independent. IGBE.L charges 0.10%/yr vs 0.20%/yr for 0UCF.L.
Performance
IGBE.L vs. 0UCF.L - Performance Comparison
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Different Trading Currencies
IGBE.L is traded in GBp, while 0UCF.L is traded in EUR. To make them comparable, the 0UCF.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGBE.L achieves a -0.16% return, which is significantly higher than 0UCF.L's -1.96% return.
IGBE.L
- 1D
- 0.02%
- 1M
- -0.89%
- 6M
- -0.74%
- YTD
- -0.16%
- 1Y
- 4.00%
- 3Y*
- 6.21%
- 5Y*
- -0.72%
- 10Y*
- —
0UCF.L
- 1D
- 0.17%
- 1M
- -2.12%
- 6M
- -1.73%
- YTD
- -1.96%
- 1Y
- -0.39%
- 3Y*
- 4.57%
- 5Y*
- 0.18%
- 10Y*
- 1.18%
IGBE.L vs. 0UCF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | -0.16% | 7.23% | 2.45% | 9.16% | -18.23% | -3.62% | 6.31% |
0UCF.L iShares € Corp Bond Financials UCITS ETF EUR (Dist) | -1.96% | 8.59% | 0.74% | 5.78% | -8.69% | -5.69% | 7.30% |
Correlation
The correlation between IGBE.L and 0UCF.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020 | 0.02 |
The correlation between IGBE.L and 0UCF.L shifts across timeframes, from 0.02 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGBE.L vs. 0UCF.L — Risk / Return Rank
IGBE.L
0UCF.L
IGBE.L vs. 0UCF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) and iShares € Corp Bond Financials UCITS ETF EUR (Dist) (0UCF.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.
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.
| IGBE.L | 0UCF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.99 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | -0.10 | +1.13 |
| Martin ratioReturn relative to average drawdown | 3.11 | -0.23 | +3.34 |
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Drawdowns
IGBE.L vs. 0UCF.L - Drawdown Comparison
The maximum IGBE.L drawdown since its inception was -30.19%, which is greater than 0UCF.L's maximum drawdown of -21.00%. Use the drawdown chart below to compare losses from any high point for IGBE.L and 0UCF.L.
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Drawdown Indicators
| IGBE.L | 0UCF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.19% | -21.00% | -9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -4.01% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -4.01% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -15.52% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.00% | — |
Current DrawdownCurrent decline from peak | -6.06% | -6.84% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -7.79% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 1.69% | -0.41% |
Volatility
IGBE.L vs. 0UCF.L - Volatility Comparison
The current volatility for Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) is 1.41%, while iShares € Corp Bond Financials UCITS ETF EUR (Dist) (0UCF.L) has a volatility of 1.64%. This indicates that IGBE.L experiences smaller price fluctuations and is considered to be less risky than 0UCF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBE.L | 0UCF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.64% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.37% | 4.31% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 5.79% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 7.29% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 7.76% | -0.20% |
IGBE.L vs. 0UCF.L - Expense Ratio Comparison
IGBE.L has a 0.10% expense ratio, which is lower than 0UCF.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGBE.L vs. 0UCF.L - Dividend Comparison
IGBE.L's dividend yield for the trailing twelve months is around 5.02%, more than 0UCF.L's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0UCF.L iShares € Corp Bond Financials UCITS ETF EUR (Dist) | 3.18% | 3.08% | 2.94% | 2.42% | 1.00% | 0.75% | 0.98% | 0.55% | 1.10% | 1.12% | 1.52% | 1.70% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 5.02% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGBE.L and 0UCF.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGBE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGBE.L is cheaper with a 0.10% expense ratio, compared with 0.20% for 0UCF.L.
IGBE.L tracks Markit iBoxx GBP NonGilts TR, while 0UCF.L tracks Bloomberg Euro-Aggregate: Financials Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for IGBE.L and 0.20% for 0UCF.L.
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