IS15.L vs. XBLC.L
IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) are both European Corporate Bonds funds - IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while XBLC.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, IS15.L returned 2.33%/yr vs 0.22%/yr for XBLC.L. At a 0.32 correlation, their price movements are largely independent. IS15.L charges 0.20%/yr vs 0.12%/yr for XBLC.L.
Performance
IS15.L vs. XBLC.L - Performance Comparison
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Different Trading Currencies
IS15.L is traded in GBP, while XBLC.L is traded in EUR. To make them comparable, the XBLC.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 0.59% return, which is significantly higher than XBLC.L's -0.23% 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%
XBLC.L
- 1D
- 0.18%
- 1M
- 0.37%
- YTD
- -0.23%
- 6M
- -0.43%
- 1Y
- 4.83%
- 3Y*
- 4.69%
- 5Y*
- 0.22%
- 10Y*
- —
IS15.L vs. XBLC.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% | 0.79% |
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | -0.23% | 8.46% | -0.39% | 5.36% | -8.81% | -6.92% | 8.32% | 0.25% | -0.55% | 1.65% |
Correlation
The correlation between IS15.L and XBLC.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.32 |
The correlation between IS15.L and XBLC.L shifts across timeframes, from 0.32 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS15.L vs. XBLC.L — Risk / Return Rank
IS15.L
XBLC.L
IS15.L vs. XBLC.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 Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.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 | XBLC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.17 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.22 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.07 | 3.11 | +5.97 |
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 | XBLC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.95 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.03 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.09 | +0.78 |
Drawdowns
IS15.L vs. XBLC.L - Drawdown Comparison
The maximum IS15.L drawdown since its inception was -12.18%, smaller than the maximum XBLC.L drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for IS15.L and XBLC.L.
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Drawdown Indicators
| IS15.L | XBLC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.18% | -21.28% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -3.75% | +1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -1.94% | -3.75% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -12.18% | -16.74% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -12.18% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -5.92% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -8.83% | +7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.47% | -0.97% |
Volatility
IS15.L vs. XBLC.L - Volatility Comparison
The current volatility for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) is 1.02%, while Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) has a volatility of 1.56%. This indicates that IS15.L experiences smaller price fluctuations and is considered to be less risky than XBLC.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 | XBLC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.56% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 3.67% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 4.82% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 6.24% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 6.90% | -3.77% |
IS15.L vs. XBLC.L - Expense Ratio Comparison
IS15.L has a 0.20% expense ratio, which is higher than XBLC.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS15.L vs. XBLC.L - Dividend Comparison
IS15.L's dividend yield for the trailing twelve months is around 4.54%, while XBLC.L has not paid dividends to shareholders.
| 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% |
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS15.L and XBLC.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBLC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBLC.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IS15.L.
IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while XBLC.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IS15.L and 0.12% for XBLC.L.
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