IS0R.DE vs. IBC9.DE
IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) and IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - IS0R.DE tracks the iBoxx® USD Liquid High Yield Capped while IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped. Both are passively managed. Over the past 10 years, IS0R.DE returned 4.79%/yr vs 4.28%/yr for IBC9.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
IS0R.DE vs. IBC9.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 IBC9.DE's 1.87% return. Over the past 10 years, IS0R.DE has outperformed IBC9.DE with an annualized return of 4.79%, while IBC9.DE has yielded a comparatively lower 4.28% annualized 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%
IBC9.DE
- 1D
- -0.13%
- 1M
- 0.64%
- YTD
- 1.87%
- 6M
- 1.54%
- 1Y
- 4.30%
- 3Y*
- 6.02%
- 5Y*
- 3.91%
- 10Y*
- 4.28%
IS0R.DE vs. IBC9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 2.76% | -7.28% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 1.87% | 1.08% | 9.31% | 9.25% | -6.54% | 8.54% | -2.13% | 14.97% | 0.24% | -3.66% |
Correlation
The correlation between IS0R.DE and IBC9.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2014 | 0.87 |
Over the past year, the correlation between IS0R.DE and IBC9.DE has dropped to 0.67 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
IS0R.DE vs. IBC9.DE — Risk / Return Rank
IS0R.DE
IBC9.DE
IS0R.DE vs. IBC9.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 Global High Yield Corporate Bond UCITS ETF (IBC9.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 | IBC9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.88 | -0.22 |
| Martin ratioReturn relative to average drawdown | 5.16 | 6.58 | -1.42 |
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 | IBC9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.10 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.69 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.54 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Drawdowns
IS0R.DE vs. IBC9.DE - Drawdown Comparison
The maximum IS0R.DE drawdown since its inception was -22.05%, roughly equal to the maximum IBC9.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for IS0R.DE and IBC9.DE.
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Drawdown Indicators
| IS0R.DE | IBC9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -22.34% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.13% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -6.78% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -11.44% | -10.01% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | -22.34% | +0.29% |
Current DrawdownCurrent decline from peak | -3.26% | -0.13% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -3.23% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.61% | +0.39% |
Volatility
IS0R.DE vs. IBC9.DE - Volatility Comparison
iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) and iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) have volatilities of 0.84% and 0.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0R.DE | IBC9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.84% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 2.76% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 3.64% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 5.64% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 7.85% | +0.99% |
IS0R.DE vs. IBC9.DE - Expense Ratio Comparison
Both IS0R.DE and IBC9.DE have an expense ratio of 0.50%.
Dividends
IS0R.DE vs. IBC9.DE - Dividend Comparison
IS0R.DE's dividend yield for the trailing twelve months is around 6.21%, more than IBC9.DE's 5.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 5.56% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
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 IBC9.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS0R.DE and IBC9.DE have the same expense ratio: 0.50% per year.
IS0R.DE tracks iBoxx® USD Liquid High Yield Capped, while IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped.
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