ISXF.L vs. XBLC.L
ISXF.L (iShares GBP Corporate Bond ex-Financials UCITS ETF) and XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) are both European Corporate Bonds funds - ISXF.L tracks the Markit iBoxx GBP NonGilts TR while XBLC.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, ISXF.L returned -1.41%/yr vs 0.22%/yr for XBLC.L. At a 0.41 correlation, their price movements are largely independent. ISXF.L charges 0.20%/yr vs 0.12%/yr for XBLC.L.
Performance
ISXF.L vs. XBLC.L - Performance Comparison
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Different Trading Currencies
ISXF.L is traded in GBP, while XBLC.L is traded in EUR. To make them comparable, the XBLC.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 XBLC.L's -0.18% 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%
XBLC.L
- 1D
- 0.23%
- 1M
- 0.94%
- YTD
- -0.18%
- 6M
- -0.53%
- 1Y
- 4.62%
- 3Y*
- 4.71%
- 5Y*
- 0.22%
- 10Y*
- —
ISXF.L vs. XBLC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISXF.L iShares GBP Corporate Bond ex-Financials UCITS ETF | -0.58% | 6.93% | -0.18% | 8.72% | -19.96% | -4.01% | 8.54% | 11.27% | -2.05% | 2.16% |
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | -0.18% | 8.46% | -0.39% | 5.36% | -8.81% | -6.92% | 8.32% | 0.25% | -0.55% | 1.65% |
Correlation
The correlation between ISXF.L and XBLC.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.41 |
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Return for Risk
ISXF.L vs. XBLC.L — Risk / Return Rank
ISXF.L
XBLC.L
ISXF.L vs. XBLC.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 Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.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 | XBLC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.23 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.74 | 3.14 | -0.40 |
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 | XBLC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.96 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.04 | -0.21 |
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 | 0.10 | +0.44 |
Drawdowns
ISXF.L vs. XBLC.L - Drawdown Comparison
The maximum ISXF.L drawdown since its inception was -32.38%, which is greater than XBLC.L's maximum drawdown of -21.28%. Use the drawdown chart below to compare losses from any high point for ISXF.L and XBLC.L.
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Drawdown Indicators
| ISXF.L | XBLC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.38% | -21.28% | -11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.73% | -3.75% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.73% | -3.75% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -31.23% | -16.74% | -14.49% |
Max Drawdown (10Y)Largest decline over 10 years | -32.38% | — | — |
Current DrawdownCurrent decline from peak | -11.65% | -5.88% | -5.77% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -8.83% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.47% | +0.20% |
Volatility
ISXF.L vs. XBLC.L - Volatility Comparison
iShares GBP Corporate Bond ex-Financials UCITS ETF (ISXF.L) has a higher volatility of 2.43% compared to Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) at 1.57%. This indicates that ISXF.L's price experiences larger fluctuations and is considered to be riskier than XBLC.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 | XBLC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 1.57% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 3.68% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 4.82% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 6.24% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 6.90% | +0.38% |
ISXF.L vs. XBLC.L - Expense Ratio Comparison
ISXF.L has a 0.20% expense ratio, which is higher than XBLC.L's 0.12% 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. XBLC.L - Dividend Comparison
ISXF.L's dividend yield for the trailing twelve months is around 4.54%, while XBLC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 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
ISXF.L and XBLC.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBLC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBLC.L is cheaper with a 0.12% expense ratio, compared with 0.20% for ISXF.L.
ISXF.L tracks Markit iBoxx GBP NonGilts TR, while XBLC.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for ISXF.L and 0.12% for XBLC.L.
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