IS15.L vs. ISXF.L
IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and ISXF.L (iShares GBP Corporate Bond ex-Financials UCITS ETF) are both European Corporate Bonds funds from iShares - IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while ISXF.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 10 years, IS15.L returned 2.28%/yr vs 1.39%/yr for ISXF.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IS15.L vs. ISXF.L - Performance Comparison
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Returns By Period
In the year-to-date period, IS15.L achieves a 0.59% return, which is significantly higher than ISXF.L's -0.58% return. Over the past 10 years, IS15.L has outperformed ISXF.L with an annualized return of 2.28%, while ISXF.L has yielded a comparatively lower 1.39% annualized return.
IS15.L
- 1D
- -0.19%
- 1M
- 0.56%
- YTD
- 0.59%
- 6M
- 1.09%
- 1Y
- 4.39%
- 3Y*
- 6.08%
- 5Y*
- 2.33%
- 10Y*
- 2.28%
ISXF.L
- 1D
- 0.33%
- 1M
- 1.13%
- YTD
- -0.58%
- 6M
- -0.03%
- 1Y
- 4.55%
- 3Y*
- 5.20%
- 5Y*
- -1.41%
- 10Y*
- 1.39%
IS15.L vs. ISXF.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 | 0.59% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 4.54% | -0.48% | 1.76% |
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | -0.58% | 6.93% | -0.18% | 8.72% | -19.96% | -4.01% | 8.54% | 11.27% | -2.05% | 3.40% |
Correlation
The correlation between IS15.L and ISXF.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.58 |
The correlation between IS15.L and ISXF.L shifts across timeframes, from 0.58 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS15.L vs. ISXF.L — Risk / Return Rank
IS15.L
ISXF.L
IS15.L vs. ISXF.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 GBP Corporate Bond ex-Financials UCITS ETF (ISXF.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.
| IS15.L | ISXF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.15 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.97 | +1.39 |
| Martin ratioReturn relative to average drawdown | 9.07 | 2.74 | +6.34 |
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
| IS15.L | ISXF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.79 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | -0.18 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.19 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.54 | +0.34 |
Drawdowns
IS15.L vs. ISXF.L - Drawdown Comparison
The maximum IS15.L drawdown since its inception was -12.18%, smaller than the maximum ISXF.L drawdown of -32.38%. Use the drawdown chart below to compare losses from any high point for IS15.L and ISXF.L.
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Drawdown Indicators
| IS15.L | ISXF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.18% | -32.38% | +20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -4.73% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -1.94% | -4.73% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -12.18% | -31.23% | +19.05% |
Max Drawdown (10Y)Largest decline over 10 years | -12.18% | -32.38% | +20.20% |
Current DrawdownCurrent decline from peak | -0.30% | -11.65% | +11.35% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -6.57% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.67% | -1.17% |
Volatility
IS15.L vs. ISXF.L - Volatility Comparison
The current volatility for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) is 1.02%, while iShares GBP Corporate Bond ex-Financials UCITS ETF (ISXF.L) has a volatility of 2.43%. This indicates that IS15.L experiences smaller price fluctuations and is considered to be less risky than ISXF.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 | ISXF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 2.43% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 5.10% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 5.77% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 7.92% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 7.28% | -4.15% |
IS15.L vs. ISXF.L - Expense Ratio Comparison
Both IS15.L and ISXF.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. ISXF.L - Dividend Comparison
IS15.L's dividend yield for the trailing twelve months is around 4.54%, which matches ISXF.L's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.54% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | 4.54% | 4.23% | 3.97% | 3.15% | 2.93% | 2.31% | 2.30% | 2.66% | 2.87% | 2.87% | 3.48% | 1.95% |
Frequently Asked Questions
IS15.L and ISXF.L have a correlation of 0.68, 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 ISXF.L have the same expense ratio: 0.20% per year.
IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while ISXF.L tracks Markit iBoxx GBP NonGilts TR.
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