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IS15.L vs. XZE5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IS15.L vs. XZE5.L

Last updated Jun 5, 2026

IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and XZE5.L (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) are both European Corporate Bonds funds - IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while XZE5.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. At a 0.22 correlation, their price movements are largely independent. IS15.L charges 0.20%/yr vs 0.16%/yr for XZE5.L.

Performance

IS15.L vs. XZE5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) and Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

XZE5.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IS15.L vs. XZE5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IS15.L
iShares GBP Corporate Bond 0-5yr UCITS ETF		0.59%6.24%4.89%7.16%-6.09%-0.84%1.84%
XZE5.L
Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C		-0.42%8.64%-0.59%3.12%-1.52%-6.82%-0.17%

Correlation

The correlation between IS15.L and XZE5.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Jul 30, 2020

0.22

Compare stocks, funds, or ETFs

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iShares GBP Corporate Bond 0-5yr UCITS ETF

Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C

Often compared with IS15.L:
IS15.L vs. ERNS.LIS15.L vs. GHYS.LIS15.L vs. SWDA.LIS15.L vs. IGLS.LIS15.L vs. IEAA.LIS15.L vs. SUSS.LIS15.L vs. JRBE.L
Often compared with XZE5.L:
XZE5.L vs. IGBE.LXZE5.L vs. SEUC.LXZE5.L vs. GBP5.LXZE5.L vs. IEAA.LXZE5.L vs. IGCB.LXZE5.L vs. J15R.LXZE5.L vs. EXUS.L

Return for Risk

IS15.L vs. XZE5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IS15.L
IS15.L Risk / Return Rank: 5454
Overall Rank
IS15.L Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
IS15.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
IS15.L Omega Ratio Rank: 6363
Omega Ratio Rank
IS15.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
IS15.L Martin Ratio Rank: 5353
Martin Ratio Rank
XZE5.L
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IS15.L vs. XZE5.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 Short Duration SRI PAB UCITS ETF 1C (XZE5.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.LXZE5.LDifference
Sharpe ratioReturn per unit of total volatility
1.77

—

—

Sortino ratioReturn per unit of downside risk
2.57

—

—

Omega ratioGain probability vs. loss probability

1.38

—

—

Calmar ratioReturn relative to maximum drawdown

2.36

—

—

Martin ratioReturn relative to average drawdown

9.07

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IS15.L vs. XZE5.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IS15.LXZE5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.77

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

—

—

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

—

—

Drawdowns

IS15.L vs. XZE5.L - Drawdown Comparison

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Drawdown Indicators

IS15.LXZE5.LDifference

Max Drawdown

Largest peak-to-trough decline

-12.18%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-1.94%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-1.94%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-12.18%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-12.18%

—

—

Current Drawdown

Current decline from peak

-0.30%

—

—

Average Drawdown

Average peak-to-trough decline

-1.12%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.50%

—

—

Volatility

IS15.L vs. XZE5.L - Volatility Comparison

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Volatility by Period

IS15.LXZE5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.02%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

2.32%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

2.58%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.30%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.13%

—

—

IS15.L vs. XZE5.L - Expense Ratio Comparison

IS15.L has a 0.20% expense ratio, which is higher than XZE5.L's 0.16% 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. XZE5.L - Dividend Comparison

IS15.L's dividend yield for the trailing twelve months is around 4.54%, while XZE5.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
XZE5.L
Xtrackers II EUR Corporate Bond Short Duration SRI PAB 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 XZE5.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XZE5.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XZE5.L is cheaper with a 0.16% expense ratio, compared with 0.20% for IS15.L.

IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while XZE5.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 0.16% for XZE5.L.

Portfolio Optimizer

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