IS3F.DE vs. XGBE.DE
IS3F.DE (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) are both Corporate Bonds funds - IS3F.DE tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index while XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index. Both are passively managed. Over the past 5 years, IS3F.DE returned 6.07%/yr vs -0.79%/yr for XGBE.DE. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
IS3F.DE vs. XGBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3F.DE achieves a 5.49% return, which is significantly higher than XGBE.DE's 1.11% return.
IS3F.DE
- 1D
- 0.34%
- 1M
- 1.62%
- 6M
- 5.29%
- YTD
- 5.49%
- 1Y
- 8.12%
- 3Y*
- 5.78%
- 5Y*
- 6.07%
- 10Y*
- 4.24%
XGBE.DE
- 1D
- -0.04%
- 1M
- 0.68%
- 6M
- 1.41%
- YTD
- 1.11%
- 1Y
- 1.81%
- 3Y*
- 4.36%
- 5Y*
- -0.79%
- 10Y*
- —
IS3F.DE vs. XGBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 5.49% | -6.28% | 14.29% | 7.35% | 6.51% | 4.86% |
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 1.11% | 2.73% | 3.40% | 7.52% | -16.38% | -0.21% |
Correlation
The correlation between IS3F.DE and XGBE.DE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | -0.11 |
The correlation between IS3F.DE and XGBE.DE shifts across timeframes, from -0.23 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3F.DE vs. XGBE.DE — Risk / Return Rank
IS3F.DE
XGBE.DE
IS3F.DE vs. XGBE.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 Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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 | XGBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.10 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 0.69 | +2.07 |
| Martin ratioReturn relative to average drawdown | 7.08 | 2.16 | +4.92 |
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Drawdowns
IS3F.DE vs. XGBE.DE - Drawdown Comparison
The maximum IS3F.DE drawdown since its inception was -27.25%, which is greater than XGBE.DE's maximum drawdown of -20.20%. Use the drawdown chart below to compare losses from any high point for IS3F.DE and XGBE.DE.
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Drawdown Indicators
| IS3F.DE | XGBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -20.20% | -7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.62% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -11.67% | -2.62% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -11.67% | -20.20% | +8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -20.78% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -5.48% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -10.31% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.84% | +0.30% |
Volatility
IS3F.DE vs. XGBE.DE - Volatility Comparison
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.DE) has a higher volatility of 1.90% compared to Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) at 0.62%. This indicates that IS3F.DE's price experiences larger fluctuations and is considered to be riskier than XGBE.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 | XGBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.62% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 2.74% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 3.22% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 5.04% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 5.03% | +3.18% |
IS3F.DE vs. XGBE.DE - Expense Ratio Comparison
Both IS3F.DE and XGBE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IS3F.DE vs. XGBE.DE - Dividend Comparison
IS3F.DE's dividend yield for the trailing twelve months is around 4.25%, while XGBE.DE has not paid dividends to shareholders.
| 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) | 4.25% | 4.77% | 5.36% | 4.95% | 2.10% | 1.50% | 2.62% | 3.52% | 2.81% | 2.25% | 2.36% | 3.21% |
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 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
IS3F.DE and XGBE.DE have a correlation of -0.23, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS3F.DE and XGBE.DE have the same expense ratio: 0.25% per year.
IS3F.DE tracks Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, while XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index. They also come from different issuers: iShares and Xtrackers.
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