IS0R.DE vs. IBC7.DE
IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) and IBC7.DE (iShares Fallen Angels 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 IBC7.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (EUR Hedged). Both are passively managed. Over the past 5 years, IS0R.DE returned 4.94%/yr vs 1.34%/yr for IBC7.DE. At a 0.34 correlation, their price movements are largely independent. IS0R.DE charges 0.50%/yr vs 0.55%/yr for IBC7.DE.
Performance
IS0R.DE vs. IBC7.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 IBC7.DE's 0.72% return.
IS0R.DE
- 1D
- 0.10%
- 1M
- 1.07%
- YTD
- 2.44%
- 6M
- 2.00%
- 1Y
- 5.17%
- 3Y*
- 5.34%
- 5Y*
- 4.94%
- 10Y*
- 4.79%
IBC7.DE
- 1D
- 0.11%
- 1M
- 0.72%
- YTD
- 0.72%
- 6M
- 0.81%
- 1Y
- 5.44%
- 3Y*
- 5.92%
- 5Y*
- 1.34%
- 10Y*
- —
IS0R.DE vs. IBC7.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) | 2.44% | -2.53% | 12.70% | 6.99% | -3.38% | 12.70% | -4.57% | 16.09% | 5.10% |
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.72% | 6.91% | 3.22% | 9.52% | -14.03% | 3.70% | 13.72% | 13.48% | -4.74% |
Correlation
The correlation between IS0R.DE and IBC7.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.34 |
Over the past year, the correlation between IS0R.DE and IBC7.DE has dropped to 0.11 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
IS0R.DE vs. IBC7.DE — Risk / Return Rank
IS0R.DE
IBC7.DE
IS0R.DE vs. IBC7.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 Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.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 | IBC7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.56 | +0.09 |
| Martin ratioReturn relative to average drawdown | 5.16 | 6.24 | -1.08 |
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 | IBC7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.53 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.22 | +0.42 |
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 | 0.45 | +0.04 |
Drawdowns
IS0R.DE vs. IBC7.DE - Drawdown Comparison
The maximum IS0R.DE drawdown since its inception was -22.05%, roughly equal to the maximum IBC7.DE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for IS0R.DE and IBC7.DE.
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Drawdown Indicators
| IS0R.DE | IBC7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -21.83% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.47% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -4.46% | -6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -11.44% | -18.31% | +6.87% |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -0.51% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -4.47% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.87% | +0.13% |
Volatility
IS0R.DE vs. IBC7.DE - Volatility Comparison
The current volatility for iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) is 0.84%, while iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.DE) has a volatility of 1.10%. This indicates that IS0R.DE experiences smaller price fluctuations and is considered to be less risky than IBC7.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 | IBC7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.10% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 2.86% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 3.53% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 5.98% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 8.00% | +0.84% |
IS0R.DE vs. IBC7.DE - Expense Ratio Comparison
IS0R.DE has a 0.50% expense ratio, which is lower than IBC7.DE's 0.55% expense ratio.
Dividends
IS0R.DE vs. IBC7.DE - Dividend Comparison
IS0R.DE's dividend yield for the trailing twelve months is around 6.21%, less than IBC7.DE's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.97% | 5.55% | 5.89% | 5.17% | 4.46% | 3.93% | 4.18% | 4.59% | 3.28% | 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 IBC7.DE have a correlation of 0.11, 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 IBC7.DE.
IS0R.DE tracks iBoxx® USD Liquid High Yield Capped, while IBC7.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (EUR Hedged). Their fees differ too: 0.50% for IS0R.DE and 0.55% for IBC7.DE.
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