IGCB.L vs. IGBE.L
IGCB.L (Invesco GBP Corporate Bond UCITS ETF Dist) and IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) are both European Corporate Bonds funds from Invesco tracking the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, IGCB.L returned -0.66%/yr vs -0.35%/yr for IGBE.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
IGCB.L vs. IGBE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGCB.L achieves a -0.24% return, which is significantly lower than IGBE.L's -0.20% return.
IGCB.L
- 1D
- 0.24%
- 1M
- 1.78%
- YTD
- -0.24%
- 6M
- 0.09%
- 1Y
- 4.63%
- 3Y*
- 6.06%
- 5Y*
- -0.66%
- 10Y*
- —
IGBE.L
- 1D
- 0.05%
- 1M
- 1.80%
- YTD
- -0.20%
- 6M
- 0.18%
- 1Y
- 4.79%
- 3Y*
- 6.33%
- 5Y*
- -0.35%
- 10Y*
- —
IGCB.L vs. IGBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | -0.24% | 6.83% | 1.93% | 9.20% | -18.57% | -4.00% | 8.69% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | -0.20% | 7.23% | 2.45% | 9.16% | -18.23% | -3.62% | 8.31% |
Correlation
The correlation between IGCB.L and IGBE.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020 | 0.90 |
Over the past year, the correlation between IGCB.L and IGBE.L has dropped to 0.70 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGCB.L vs. IGBE.L — Risk / Return Rank
IGCB.L
IGBE.L
IGCB.L vs. IGBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) and Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.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.
| IGCB.L | IGBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.24 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.35 | 3.81 | -0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGCB.L | IGBE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.95 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.05 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.01 | +0.01 |
Drawdowns
IGCB.L vs. IGBE.L - Drawdown Comparison
The maximum IGCB.L drawdown since its inception was -30.44%, roughly equal to the maximum IGBE.L drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for IGCB.L and IGBE.L.
Loading charts...
Drawdown Indicators
| IGCB.L | IGBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -30.19% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.86% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -3.86% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -29.11% | -0.28% |
Current DrawdownCurrent decline from peak | -7.54% | -6.10% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -10.79% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.25% | +0.13% |
Volatility
IGCB.L vs. IGBE.L - Volatility Comparison
Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) has a higher volatility of 2.17% compared to Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) at 1.97%. This indicates that IGCB.L's price experiences larger fluctuations and is considered to be riskier than IGBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGCB.L | IGBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 1.97% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 4.20% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.03% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 7.44% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 7.62% | +0.11% |
IGCB.L vs. IGBE.L - Expense Ratio Comparison
Both IGCB.L and IGBE.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGCB.L vs. IGBE.L - Dividend Comparison
IGCB.L's dividend yield for the trailing twelve months is around 5.27%, more than IGBE.L's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 4.93% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% |
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | 5.27% | 5.18% | 5.18% | 4.26% | 2.54% | 1.74% | 1.22% |
Frequently Asked Questions
IGCB.L and IGBE.L have a correlation of 0.70, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGCB.L and IGBE.L have the same expense ratio: 0.10% per year.
Both ETFs track Markit iBoxx GBP NonGilts TR.
Find the right allocation for IGCB.L and IGBE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer