IS3K.DE vs. IBC9.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped while IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped. Both are passively managed. Over the past 10 years, IS3K.DE returned 4.08%/yr vs 4.28%/yr for IBC9.DE. Their correlation of 0.82 suggests significant overlap in exposure. IS3K.DE charges 0.45%/yr vs 0.50%/yr for IBC9.DE.
Performance
IS3K.DE vs. IBC9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3K.DE achieves a 2.62% return, which is significantly higher than IBC9.DE's 1.87% return. Both investments have delivered pretty close results over the past 10 years, with IS3K.DE having a 4.08% annualized return and IBC9.DE not far ahead at 4.28%.
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.25%
- YTD
- 2.62%
- 6M
- 1.46%
- 1Y
- 4.16%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
IBC9.DE
- 1D
- -0.13%
- 1M
- 0.64%
- YTD
- 1.87%
- 6M
- 1.54%
- 1Y
- 4.30%
- 3Y*
- 6.02%
- 5Y*
- 3.91%
- 10Y*
- 4.28%
IS3K.DE vs. IBC9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 1.87% | 1.08% | 9.31% | 9.25% | -6.54% | 8.54% | -2.13% | 14.97% | 0.24% | -3.66% |
Correlation
The correlation between IS3K.DE and IBC9.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.82 |
The correlation between IS3K.DE and IBC9.DE shifts across timeframes, from 0.62 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3K.DE vs. IBC9.DE — Risk / Return Rank
IS3K.DE
IBC9.DE
IS3K.DE vs. IBC9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and iShares Global High Yield Corporate Bond UCITS ETF (IBC9.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.
| IS3K.DE | IBC9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.88 | -0.59 |
| Martin ratioReturn relative to average drawdown | 3.43 | 6.58 | -3.15 |
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
| IS3K.DE | IBC9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.10 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.54 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | 0.00 |
Drawdowns
IS3K.DE vs. IBC9.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum IBC9.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and IBC9.DE.
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Drawdown Indicators
| IS3K.DE | IBC9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -22.34% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.13% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -6.78% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -10.01% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | -22.34% | +4.41% |
Current DrawdownCurrent decline from peak | -4.57% | -0.13% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -3.23% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.61% | +0.55% |
Volatility
IS3K.DE vs. IBC9.DE - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) have volatilities of 0.85% and 0.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3K.DE | IBC9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.84% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 2.76% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 3.64% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 5.64% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 7.85% | 0.00% |
IS3K.DE vs. IBC9.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is lower than IBC9.DE's 0.50% expense ratio.
Dividends
IS3K.DE vs. IBC9.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, more than IBC9.DE's 5.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 5.56% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Frequently Asked Questions
IS3K.DE and IBC9.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3K.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3K.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for IBC9.DE.
IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped. Their fees differ too: 0.45% for IS3K.DE and 0.50% for IBC9.DE.
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