PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IS3B.DE vs. XLIQ.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IS3B.DE vs. XLIQ.DE

Last updated Jun 5, 2026

IS3B.DE (iShares Euro Corporate Bond Financials UCITS ETF) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds - IS3B.DE tracks the Bloomberg Euro Aggregate Financial while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

IS3B.DE vs. XLIQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Euro Corporate Bond Financials UCITS ETF (IS3B.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

IS3B.DE

1D
0.11%
1M
0.64%
YTD
0.39%
6M
0.28%
1Y
1.99%
3Y*
5.22%
5Y*
0.42%
10Y*
1.25%

XLIQ.DE

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

IS3B.DE vs. XLIQ.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IS3B.DE
iShares Euro Corporate Bond Financials UCITS ETF		0.39%3.53%5.28%7.82%-13.13%-0.74%2.27%6.10%-1.69%2.97%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		0.27%1.87%2.30%6.61%-18.10%-3.39%2.42%5.38%-0.44%0.76%

Correlation

The correlation between IS3B.DE and XLIQ.DE is 0.60, 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

0.60

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

0.41

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

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Feb 4, 2014

0.30

Over the past year, IS3B.DE and XLIQ.DE have become more correlated (0.60) than their long-term average of 0.30, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Euro Corporate Bond Financials UCITS ETF

Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF

Often compared with IS3B.DE:
IS3B.DE vs. SXR8.DEIS3B.DE vs. VAGE.DEIS3B.DE vs. IQQI.DEIS3B.DE vs. VWCE.DEIS3B.DE vs. CEBL.DEIS3B.DE vs. JEQP.DEIS3B.DE vs. TRET.DE
Often compared with XLIQ.DE:
XLIQ.DE vs. CWBXLIQ.DE vs. ECR3.DEXLIQ.DE vs. IE3E.DEXLIQ.DE vs. EFRN.DEXLIQ.DE vs. JER5.DEXLIQ.DE vs. IB26.DEXLIQ.DE vs. ECR1.DE

Return for Risk

IS3B.DE vs. XLIQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IS3B.DE
IS3B.DE Risk / Return Rank: 1919
Overall Rank
IS3B.DE Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IS3B.DE Sortino Ratio Rank: 1818
Sortino Ratio Rank
IS3B.DE Omega Ratio Rank: 1919
Omega Ratio Rank
IS3B.DE Calmar Ratio Rank: 1818
Calmar Ratio Rank
IS3B.DE Martin Ratio Rank: 2222
Martin Ratio Rank
XLIQ.DE
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.

IS3B.DE vs. XLIQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro Corporate Bond Financials UCITS ETF (IS3B.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.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.

IS3B.DEXLIQ.DEDifference
Sharpe ratioReturn per unit of total volatility
0.58

—

—

Sortino ratioReturn per unit of downside risk
0.86

—

—

Omega ratioGain probability vs. loss probability

1.12

—

—

Calmar ratioReturn relative to maximum drawdown

0.73

—

—

Martin ratioReturn relative to average drawdown

2.62

—

—

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

IS3B.DE vs. XLIQ.DE - Sharpe Ratio Comparison

Loading charts...

Sharpe Ratios by Period

IS3B.DEXLIQ.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.58

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.10

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

—

—

Drawdowns

IS3B.DE vs. XLIQ.DE - Drawdown Comparison

Loading charts...

Drawdown Indicators

IS3B.DEXLIQ.DEDifference

Max Drawdown

Largest peak-to-trough decline

-17.06%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-2.71%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-2.71%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.06%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-17.06%

—

—

Current Drawdown

Current decline from peak

-0.77%

—

—

Average Drawdown

Average peak-to-trough decline

-2.97%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

—

—

Volatility

IS3B.DE vs. XLIQ.DE - Volatility Comparison

Loading charts...

Volatility by Period

IS3B.DEXLIQ.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.03%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

3.16%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.44%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.18%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.35%

—

—

IS3B.DE vs. XLIQ.DE - Expense Ratio Comparison

Both IS3B.DE and XLIQ.DE 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

IS3B.DE vs. XLIQ.DE - Dividend Comparison

IS3B.DE's dividend yield for the trailing twelve months is around 3.19%, while XLIQ.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IS3B.DE
iShares Euro Corporate Bond Financials UCITS ETF		3.19%3.08%2.95%2.42%1.00%0.75%0.97%1.09%1.10%1.12%1.52%1.70%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		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

IS3B.DE and XLIQ.DE have a correlation of 0.60, 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.

IS3B.DE and XLIQ.DE have the same expense ratio: 0.20% per year.

IS3B.DE tracks Bloomberg Euro Aggregate Financial, while XLIQ.DE tracks iBoxx® EUR Liquid Covered Bond. They also come from different issuers: iShares and Xtrackers.

Portfolio Optimizer

Find the right allocation for IS3B.DE and XLIQ.DE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer