ISXF.L vs. GBP5.L
ISXF.L (iShares GBP Corporate Bond ex-Financials UCITS ETF) and GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) are both European Corporate Bonds funds - ISXF.L tracks the Markit iBoxx GBP NonGilts TR while GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, ISXF.L returned -1.41%/yr vs 2.30%/yr for GBP5.L. At a 0.49 correlation, their price movements are largely independent. ISXF.L charges 0.20%/yr vs 0.09%/yr for GBP5.L.
Performance
ISXF.L vs. GBP5.L - Performance Comparison
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Different Trading Currencies
ISXF.L is traded in GBP, while GBP5.L is traded in GBp. To make them comparable, the GBP5.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISXF.L achieves a -0.58% return, which is significantly lower than GBP5.L's 0.88% return.
ISXF.L
- 1D
- 0.33%
- 1M
- 2.17%
- YTD
- -0.58%
- 6M
- -0.21%
- 1Y
- 4.58%
- 3Y*
- 5.20%
- 5Y*
- -1.41%
- 10Y*
- 1.39%
GBP5.L
- 1D
- 0.07%
- 1M
- 1.04%
- YTD
- 0.88%
- 6M
- 1.26%
- 1Y
- 4.69%
- 3Y*
- 6.06%
- 5Y*
- 2.30%
- 10Y*
- —
ISXF.L vs. GBP5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | -0.58% | 6.93% | -0.18% | 8.72% | -19.96% | -1.10% |
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 0.88% | 6.37% | 4.55% | 6.90% | -6.01% | -0.54% |
Correlation
The correlation between ISXF.L and GBP5.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.49 |
The correlation between ISXF.L and GBP5.L shifts across timeframes, from 0.49 (all time) to 0.66 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ISXF.L vs. GBP5.L — Risk / Return Rank
ISXF.L
GBP5.L
ISXF.L vs. GBP5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GBP Corporate Bond ex-Financials UCITS ETF (ISXF.L) and L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.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.
| ISXF.L | GBP5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.57 | -1.60 |
| Martin ratioReturn relative to average drawdown | 2.74 | 9.07 | -6.33 |
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
| ISXF.L | GBP5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.32 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.66 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.64 | -0.11 |
Drawdowns
ISXF.L vs. GBP5.L - Drawdown Comparison
The maximum ISXF.L drawdown since its inception was -32.38%, which is greater than GBP5.L's maximum drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for ISXF.L and GBP5.L.
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Drawdown Indicators
| ISXF.L | GBP5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.38% | -11.97% | -20.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -1.82% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -1.82% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -31.23% | -11.97% | -19.26% |
Max Drawdown (10Y)Largest decline over 10 years | -32.38% | — | — |
Current DrawdownCurrent decline from peak | -11.65% | -0.51% | -11.14% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -2.22% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.52% | +1.15% |
Volatility
ISXF.L vs. GBP5.L - Volatility Comparison
iShares GBP Corporate Bond ex-Financials UCITS ETF (ISXF.L) has a higher volatility of 2.43% compared to L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) at 1.86%. This indicates that ISXF.L's price experiences larger fluctuations and is considered to be riskier than GBP5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISXF.L | GBP5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 1.86% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 3.08% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 3.54% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 3.54% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 3.48% | +3.80% |
ISXF.L vs. GBP5.L - Expense Ratio Comparison
ISXF.L has a 0.20% expense ratio, which is higher than GBP5.L's 0.09% 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
ISXF.L vs. GBP5.L - Dividend Comparison
ISXF.L's dividend yield for the trailing twelve months is around 4.54%, which matches GBP5.L's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 4.58% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | 4.54% | 4.23% | 3.97% | 3.15% | 2.93% | 2.31% | 2.30% | 2.66% | 2.87% | 2.87% | 3.48% | 1.95% |
Frequently Asked Questions
ISXF.L and GBP5.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBP5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBP5.L is cheaper with a 0.09% expense ratio, compared with 0.20% for ISXF.L.
ISXF.L tracks Markit iBoxx GBP NonGilts TR, while GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.20% for ISXF.L and 0.09% for GBP5.L.
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