IS15.L vs. IE15.L
IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - IS15.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR, while IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR). Both are passively managed. Over the past 10 years, IS15.L returned 2.25%/yr vs 0.87%/yr for IE15.L. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IS15.L vs. IE15.L - Performance Comparison
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Different Trading Currencies
IS15.L is traded in GBP, while IE15.L is traded in EUR. To make them comparable, the IE15.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS15.L achieves a 1.21% return, which is significantly higher than IE15.L's -3.61% return. Over the past 10 years, IS15.L has outperformed IE15.L with an annualized return of 2.25%, while IE15.L has yielded a comparatively lower 0.87% annualized return.
IS15.L
- 1D
- 0.21%
- 1M
- 0.07%
- 6M
- 0.86%
- YTD
- 1.21%
- 1Y
- 4.04%
- 3Y*
- 6.32%
- 5Y*
- 2.44%
- 10Y*
- 2.25%
IE15.L
- 1D
- 0.08%
- 1M
- -1.95%
- 6M
- -1.79%
- YTD
- -3.61%
- 1Y
- -1.93%
- 3Y*
- 3.08%
- 5Y*
- 0.52%
- 10Y*
- 0.87%
IS15.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 1.21% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 4.54% | -0.48% | 1.76% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -3.61% | 8.96% | -0.40% | 3.66% | -3.03% | -6.25% | 6.78% | -3.20% | 0.33% | 5.17% |
Correlation
The correlation between IS15.L and IE15.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.19 |
Over the past year, IS15.L and IE15.L have become more correlated (0.42) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
IS15.L vs. IE15.L — Risk / Return Rank
IS15.L
IE15.L
IS15.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.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.
| IS15.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.93 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | -0.39 | +2.47 |
| Martin ratioReturn relative to average drawdown | 7.90 | -0.82 | +8.71 |
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Drawdowns
IS15.L vs. IE15.L - Drawdown Comparison
The maximum IS15.L drawdown since its inception was -12.18%, smaller than the maximum IE15.L drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for IS15.L and IE15.L.
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Drawdown Indicators
| IS15.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.18% | -16.54% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -4.93% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.94% | -4.93% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -12.18% | -9.97% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -12.18% | -15.62% | +3.44% |
Current DrawdownCurrent decline from peak | -0.23% | -4.74% | +4.51% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -6.69% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.36% | -1.85% |
Volatility
IS15.L vs. IE15.L - Volatility Comparison
The current volatility for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) is 0.82%, while iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) has a volatility of 1.19%. This indicates that IS15.L experiences smaller price fluctuations and is considered to be less risky than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS15.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.19% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 3.19% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 4.47% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 5.52% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 6.85% | -3.72% |
IS15.L vs. IE15.L - Expense Ratio Comparison
Both IS15.L and IE15.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IS15.L vs. IE15.L - Dividend Comparison
IS15.L's dividend yield for the trailing twelve months is around 4.51%, more than IE15.L's 1.51% 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) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.51% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
Frequently Asked Questions
IS15.L and IE15.L have a correlation of 0.42, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS15.L and IE15.L have the same expense ratio: 0.20% per year.
IS15.L is categorized as European Corporate Bonds, while IE15.L is Short-Term Bond. IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR).
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