IS3F.DE vs. SXRF.DE
IS3F.DE (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and SXRF.DE (iShares $ Intermediate Credit Bond UCITS ETF USD (Dist)) are both Corporate Bonds funds from iShares - IS3F.DE tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index while SXRF.DE tracks the Bloomberg US Intermediate Credit Index. Both are passively managed. Over the past 5 years, IS3F.DE returned 6.06%/yr vs 2.26%/yr for SXRF.DE. A 0.69 correlation means they provide meaningful diversification when combined. IS3F.DE charges 0.25%/yr vs 0.15%/yr for SXRF.DE.
Performance
IS3F.DE vs. SXRF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3F.DE achieves a 5.22% return, which is significantly higher than SXRF.DE's 3.37% return.
IS3F.DE
- 1D
- 0.24%
- 1M
- 0.98%
- 6M
- 3.95%
- YTD
- 5.22%
- 1Y
- 6.48%
- 3Y*
- 6.79%
- 5Y*
- 6.06%
- 10Y*
- 4.05%
SXRF.DE
- 1D
- 0.24%
- 1M
- 1.19%
- 6M
- 2.17%
- YTD
- 3.37%
- 1Y
- 5.67%
- 3Y*
- 4.74%
- 5Y*
- 2.26%
- 10Y*
- —
IS3F.DE vs. SXRF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 5.22% | -6.28% | 14.29% | 7.35% | 6.51% | 9.83% | -8.41% | 13.49% | 1.81% | -6.06% |
SXRF.DE iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) | 3.37% | -4.30% | 10.07% | 2.89% | -3.43% | 7.01% | -2.85% | 12.53% | 4.12% | -8.27% |
Correlation
The correlation between IS3F.DE and SXRF.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 10, 2017 | 0.69 |
The correlation between IS3F.DE and SXRF.DE shifts across timeframes, from 0.69 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS3F.DE vs. SXRF.DE — Risk / Return Rank
IS3F.DE
SXRF.DE
IS3F.DE vs. SXRF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.DE) and iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) (SXRF.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.
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.
| IS3F.DE | SXRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.78 | +0.42 |
| Martin ratioReturn relative to average drawdown | 5.63 | 4.68 | +0.95 |
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Drawdowns
IS3F.DE vs. SXRF.DE - Drawdown Comparison
The maximum IS3F.DE drawdown since its inception was -27.25%, which is greater than SXRF.DE's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for IS3F.DE and SXRF.DE.
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Drawdown Indicators
| IS3F.DE | SXRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -20.60% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.17% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -11.67% | -9.48% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -11.67% | -10.49% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -20.78% | — | — |
Current DrawdownCurrent decline from peak | -3.64% | -3.21% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -6.47% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.21% | -0.06% |
Volatility
IS3F.DE vs. SXRF.DE - Volatility Comparison
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.DE) has a higher volatility of 1.99% compared to iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) (SXRF.DE) at 1.60%. This indicates that IS3F.DE's price experiences larger fluctuations and is considered to be riskier than SXRF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3F.DE | SXRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.60% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 3.68% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 5.60% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.67% | 7.11% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 9.04% | -0.83% |
IS3F.DE vs. SXRF.DE - Expense Ratio Comparison
IS3F.DE has a 0.25% expense ratio, which is higher than SXRF.DE's 0.15% 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
IS3F.DE vs. SXRF.DE - Dividend Comparison
IS3F.DE's dividend yield for the trailing twelve months is around 4.26%, less than SXRF.DE's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.26% | 4.77% | 5.36% | 4.95% | 2.10% | 1.50% | 2.62% | 3.52% | 2.81% | 2.25% | 2.36% | 3.21% |
SXRF.DE iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) | 5.45% | 4.55% | 3.62% | 2.79% | 1.94% | 1.82% | 3.03% | 2.91% | 2.57% | 0.47% | 0.00% | 0.00% |
Frequently Asked Questions
IS3F.DE and SXRF.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRF.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for IS3F.DE.
IS3F.DE tracks Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, while SXRF.DE tracks Bloomberg US Intermediate Credit Index. Their fees differ too: 0.25% for IS3F.DE and 0.15% for SXRF.DE.
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