IGBE.L vs. IS15.L
IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both European Corporate Bonds funds - IGBE.L tracks the Markit iBoxx GBP NonGilts TR while IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, IGBE.L returned -0.35%/yr vs 2.33%/yr for IS15.L. A 0.66 correlation means they provide meaningful diversification when combined. IGBE.L charges 0.10%/yr vs 0.20%/yr for IS15.L.
Performance
IGBE.L vs. IS15.L - Performance Comparison
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Different Trading Currencies
IGBE.L is traded in GBp, while IS15.L is traded in GBP. To make them comparable, the IS15.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 -0.20% return, which is significantly lower than IS15.L's 0.59% return.
IGBE.L
- 1D
- 0.05%
- 1M
- 1.80%
- YTD
- -0.20%
- 6M
- 0.18%
- 1Y
- 4.79%
- 3Y*
- 6.33%
- 5Y*
- -0.35%
- 10Y*
- —
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%
IGBE.L vs. IS15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | -0.20% | 7.23% | 2.45% | 9.16% | -18.23% | -3.62% | 6.31% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 0.59% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 2.85% |
Correlation
The correlation between IGBE.L and IS15.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.66 |
The correlation between IGBE.L and IS15.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
IGBE.L vs. IS15.L — Risk / Return Rank
IGBE.L
IS15.L
IGBE.L vs. IS15.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 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.
| IGBE.L | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.36 | -1.12 |
| Martin ratioReturn relative to average drawdown | 3.81 | 9.07 | -5.26 |
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
| IGBE.L | IS15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.77 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.70 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.87 | -0.87 |
Drawdowns
IGBE.L vs. IS15.L - Drawdown Comparison
The maximum IGBE.L drawdown since its inception was -30.19%, 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 IGBE.L and IS15.L.
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Drawdown Indicators
| IGBE.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.19% | -12.18% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -1.94% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -1.94% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -12.18% | -16.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.18% | — |
Current DrawdownCurrent decline from peak | -6.10% | -0.30% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -10.79% | -1.12% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.50% | +0.75% |
Volatility
IGBE.L vs. IS15.L - Volatility Comparison
Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) has a higher volatility of 1.97% compared to iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) at 1.02%. This indicates that IGBE.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
| IGBE.L | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.02% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 2.32% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 2.58% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 3.30% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.62% | 3.13% | +4.49% |
IGBE.L vs. IS15.L - Expense Ratio Comparison
IGBE.L has a 0.10% expense ratio, which is lower than IS15.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. IS15.L - Dividend Comparison
IGBE.L's dividend yield for the trailing twelve months is around 4.93%, more than IS15.L's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 4.93% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
IGBE.L and IS15.L have a correlation of 0.63, 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 IS15.L.
IGBE.L tracks Markit iBoxx GBP NonGilts TR, while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for IGBE.L and 0.20% for IS15.L.
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