IPAB.DE vs. EFRN.DE
IPAB.DE (iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc) and EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds from iShares - IPAB.DE tracks the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select while EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 3 years, IPAB.DE returned 4.79%/yr vs 3.68%/yr for EFRN.DE. At a 0.03 correlation, their price movements are largely independent. IPAB.DE charges 0.15%/yr vs 0.10%/yr for EFRN.DE.
Performance
IPAB.DE vs. EFRN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IPAB.DE having a 1.25% return and EFRN.DE slightly lower at 1.22%.
IPAB.DE
- 1D
- 0.18%
- 1M
- 0.71%
- YTD
- 1.25%
- 6M
- 1.44%
- 1Y
- 2.36%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
EFRN.DE
- 1D
- 0.20%
- 1M
- 0.40%
- YTD
- 1.22%
- 6M
- 1.42%
- 1Y
- 2.72%
- 3Y*
- 3.68%
- 5Y*
- 2.39%
- 10Y*
- —
IPAB.DE vs. EFRN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPAB.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc | 1.25% | 2.95% | 4.43% | 7.23% | -3.20% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 1.22% | 2.91% | 4.29% | 4.00% | 0.20% |
Correlation
The correlation between IPAB.DE and EFRN.DE is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.03 |
The correlation between IPAB.DE and EFRN.DE shifts across timeframes, from -0.10 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IPAB.DE vs. EFRN.DE — Risk / Return Rank
IPAB.DE
EFRN.DE
IPAB.DE vs. EFRN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.DE) and iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.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.
| IPAB.DE | EFRN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.49 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 7.30 | -6.42 |
| Martin ratioReturn relative to average drawdown | 3.26 | 27.93 | -24.67 |
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Drawdowns
IPAB.DE vs. EFRN.DE - Drawdown Comparison
The maximum IPAB.DE drawdown since its inception was -9.09%, which is greater than EFRN.DE's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for IPAB.DE and EFRN.DE.
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Drawdown Indicators
| IPAB.DE | EFRN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.09% | -5.58% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -0.37% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -0.39% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.20% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -0.29% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.10% | +0.62% |
Volatility
IPAB.DE vs. EFRN.DE - Volatility Comparison
iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.DE) has a higher volatility of 0.76% compared to iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) at 0.27%. This indicates that IPAB.DE's price experiences larger fluctuations and is considered to be riskier than EFRN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPAB.DE | EFRN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.27% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 1.16% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 1.63% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 1.46% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 1.70% | +2.80% |
IPAB.DE vs. EFRN.DE - Expense Ratio Comparison
IPAB.DE has a 0.15% expense ratio, which is higher than EFRN.DE's 0.10% 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
IPAB.DE vs. EFRN.DE - Dividend Comparison
IPAB.DE has not paid dividends to shareholders, while EFRN.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.49% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% |
IPAB.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IPAB.DE and EFRN.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for IPAB.DE.
IPAB.DE tracks Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select, while EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Their fees differ too: 0.15% for IPAB.DE and 0.10% for EFRN.DE.
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