IS0R.DE vs. GB1E.DE
IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) and GB1E.DE (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc) are both High Yield Bonds funds - IS0R.DE tracks the iBoxx® USD Liquid High Yield Capped while GB1E.DE tracks the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. Both are passively managed. Over the past 3 years, IS0R.DE returned 5.34%/yr vs 6.25%/yr for GB1E.DE. At a 0.24 correlation, their price movements are largely independent. IS0R.DE charges 0.50%/yr vs 0.30%/yr for GB1E.DE.
Performance
IS0R.DE vs. GB1E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0R.DE achieves a 2.44% return, which is significantly higher than GB1E.DE's 0.54% return.
IS0R.DE
- 1D
- 0.10%
- 1M
- 1.18%
- YTD
- 2.44%
- 6M
- 2.00%
- 1Y
- 5.26%
- 3Y*
- 5.34%
- 5Y*
- 4.94%
- 10Y*
- 4.79%
GB1E.DE
- 1D
- -0.14%
- 1M
- -0.35%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.91%
- 3Y*
- 6.25%
- 5Y*
- —
- 10Y*
- —
IS0R.DE vs. GB1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 2.44% | -2.53% | 12.70% | 6.27% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.54% | 5.84% | 5.89% | 6.21% |
Correlation
The correlation between IS0R.DE and GB1E.DE is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.24 |
The correlation between IS0R.DE and GB1E.DE shifts across timeframes, from 0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS0R.DE vs. GB1E.DE — Risk / Return Rank
IS0R.DE
GB1E.DE
IS0R.DE vs. GB1E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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.
| IS0R.DE | GB1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.24 | +0.41 |
| Martin ratioReturn relative to average drawdown | 5.16 | 5.22 | -0.05 |
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
| IS0R.DE | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.99 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.37 | -0.88 |
Drawdowns
IS0R.DE vs. GB1E.DE - Drawdown Comparison
The maximum IS0R.DE drawdown since its inception was -22.05%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for IS0R.DE and GB1E.DE.
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Drawdown Indicators
| IS0R.DE | GB1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -4.31% | -17.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.10% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -4.31% | -7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -0.53% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -0.56% | -4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.74% | +0.26% |
Volatility
IS0R.DE vs. GB1E.DE - Volatility Comparison
The current volatility for iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) is 0.84%, while Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) has a volatility of 1.09%. This indicates that IS0R.DE experiences smaller price fluctuations and is considered to be less risky than GB1E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0R.DE | GB1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.09% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 3.34% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 3.86% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 4.28% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 4.28% | +4.56% |
IS0R.DE vs. GB1E.DE - Expense Ratio Comparison
IS0R.DE has a 0.50% expense ratio, which is higher than GB1E.DE's 0.30% expense ratio.
Dividends
IS0R.DE vs. GB1E.DE - Dividend Comparison
IS0R.DE's dividend yield for the trailing twelve months is around 6.21%, while GB1E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 6.21% | 6.34% | 6.27% | 5.74% | 4.94% | 4.18% | 5.22% | 5.46% | 5.65% | 5.88% | 5.32% | 6.00% |
Frequently Asked Questions
IS0R.DE and GB1E.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GB1E.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GB1E.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for IS0R.DE.
IS0R.DE tracks iBoxx® USD Liquid High Yield Capped, while GB1E.DE tracks Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for IS0R.DE and 0.30% for GB1E.DE.
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