IS0R.DE vs. IBC2.DE
IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) and IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) are both High Yield Bonds funds from iShares - IS0R.DE tracks the iBoxx® USD Liquid High Yield Capped while IBC2.DE tracks the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged). Both are passively managed. Over the past 5 years, IS0R.DE returned 4.58%/yr vs 1.66%/yr for IBC2.DE. At a 0.39 correlation, their price movements are largely independent. IS0R.DE charges 0.50%/yr vs 0.55%/yr for IBC2.DE.
Performance
IS0R.DE vs. IBC2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0R.DE achieves a 4.69% return, which is significantly higher than IBC2.DE's 0.98% return.
IS0R.DE
- 1D
- 0.23%
- 1M
- 1.58%
- 6M
- 3.42%
- YTD
- 4.69%
- 1Y
- 7.85%
- 3Y*
- 7.32%
- 5Y*
- 4.58%
- 10Y*
- 4.40%
IBC2.DE
- 1D
- 0.26%
- 1M
- -0.00%
- 6M
- 0.73%
- YTD
- 0.98%
- 1Y
- 4.12%
- 3Y*
- 5.86%
- 5Y*
- 1.66%
- 10Y*
- —
IS0R.DE vs. IBC2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.69% | -2.53% | 12.69% | 6.98% | -3.50% | 12.85% | -4.57% | 16.09% | 6.40% |
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.98% | 7.02% | 4.85% | 8.05% | -11.78% | 3.08% | 2.84% | 10.03% | -3.66% |
Correlation
The correlation between IS0R.DE and IBC2.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.39 |
Over the past year, the correlation between IS0R.DE and IBC2.DE has dropped to 0.13 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
IS0R.DE vs. IBC2.DE — Risk / Return Rank
IS0R.DE
IBC2.DE
IS0R.DE vs. IBC2.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 iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.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.
| IS0R.DE | IBC2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.36 | +1.16 |
| Martin ratioReturn relative to average drawdown | 8.35 | 6.04 | +2.31 |
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Drawdowns
IS0R.DE vs. IBC2.DE - Drawdown Comparison
The maximum IS0R.DE drawdown since its inception was -23.27%, roughly equal to the maximum IBC2.DE drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for IS0R.DE and IBC2.DE.
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Drawdown Indicators
| IS0R.DE | IBC2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -22.54% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.03% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.43% | -4.22% | -7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -11.43% | -15.71% | +4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -0.00% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -3.56% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.68% | +0.26% |
Volatility
IS0R.DE vs. IBC2.DE - Volatility Comparison
iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) has a higher volatility of 1.44% compared to iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) at 0.79%. This indicates that IS0R.DE's price experiences larger fluctuations and is considered to be riskier than IBC2.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 | IBC2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.79% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.27% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 4.17% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.62% | 6.95% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 8.20% | +0.60% |
IS0R.DE vs. IBC2.DE - Expense Ratio Comparison
IS0R.DE has a 0.50% expense ratio, which is lower than IBC2.DE's 0.55% expense ratio.
Dividends
IS0R.DE vs. IBC2.DE - Dividend Comparison
IS0R.DE's dividend yield for the trailing twelve months is around 6.09%, less than IBC2.DE's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.33% | 5.59% | 5.13% | 4.34% | 4.82% | 5.58% | 3.90% | 0.00% | 0.00% | 0.00% |
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 6.09% | 6.34% | 6.26% | 5.74% | 4.94% | 4.18% | 5.22% | 5.46% | 5.65% | 5.88% | 5.32% | 6.02% |
Frequently Asked Questions
IS0R.DE and IBC2.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0R.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0R.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for IBC2.DE.
IS0R.DE tracks iBoxx® USD Liquid High Yield Capped, while IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged). Their fees differ too: 0.50% for IS0R.DE and 0.55% for IBC2.DE.
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