IRCP.L vs. IE15.L
IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) while IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Both are passively managed. Over the past 10 years, IRCP.L returned 1.58%/yr vs 0.76%/yr for IE15.L. At a 0.24 correlation, their price movements are largely independent. IRCP.L charges 0.25%/yr vs 0.20%/yr for IE15.L.
Performance
IRCP.L vs. IE15.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IRCP.L achieves a 1.46% return, which is significantly higher than IE15.L's -1.14% return. Over the past 10 years, IRCP.L has outperformed IE15.L with an annualized return of 1.58%, while IE15.L has yielded a comparatively lower 0.76% annualized return.
IRCP.L
- 1D
- 0.04%
- 1M
- 0.05%
- 6M
- 1.47%
- YTD
- 1.46%
- 1Y
- 3.00%
- 3Y*
- 5.19%
- 5Y*
- 2.73%
- 10Y*
- 1.58%
IE15.L
- 1D
- -0.18%
- 1M
- -0.30%
- 6M
- -1.34%
- YTD
- -1.14%
- 1Y
- -0.17%
- 3Y*
- 3.65%
- 5Y*
- 0.69%
- 10Y*
- 0.76%
IRCP.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.46% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 1.46% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -1.14% | 3.42% | 4.34% | 5.77% | -7.79% | -0.34% | 1.06% | 2.63% | -0.65% | 0.86% |
Correlation
The correlation between IRCP.L and IE15.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2012 | 0.24 |
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
IRCP.L vs. IE15.L — Risk / Return Rank
IRCP.L
IE15.L
IRCP.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.
| IRCP.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.98 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | -0.10 | +3.14 |
| Martin ratioReturn relative to average drawdown | 12.47 | -0.25 | +12.71 |
Loading charts...
Drawdowns
IRCP.L vs. IE15.L - Drawdown Comparison
The maximum IRCP.L drawdown since its inception was -14.44%, which is greater than IE15.L's maximum drawdown of -10.14%. Use the drawdown chart below to compare losses from any high point for IRCP.L and IE15.L.
Loading charts...
Drawdown Indicators
| IRCP.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.44% | -10.14% | -4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -2.86% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -2.86% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -7.09% | -10.14% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -14.44% | -10.14% | -4.30% |
Current DrawdownCurrent decline from peak | -0.16% | -1.39% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -1.46% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.16% | -0.91% |
Volatility
IRCP.L vs. IE15.L - Volatility Comparison
iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) has a higher volatility of 0.63% compared to iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) at 0.59%. This indicates that IRCP.L's price experiences larger fluctuations and is considered to be riskier than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IRCP.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.59% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 1.85% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 2.50% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 2.75% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 3.32% | +0.47% |
IRCP.L vs. IE15.L - Expense Ratio Comparison
IRCP.L has a 0.25% expense ratio, which is higher than IE15.L's 0.20% 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
IRCP.L vs. IE15.L - Dividend Comparison
IRCP.L's dividend yield for the trailing twelve months is around 2.58%, less than IE15.L's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 3.00% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
Frequently Asked Questions
IRCP.L and IE15.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IRCP.L.
IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist), while IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Their fees differ too: 0.25% for IRCP.L and 0.20% for IE15.L.
Find the right allocation for IRCP.L and IE15.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