IUAE.L vs. IRCP.L
IUAE.L (iShares US Aggregate Bond UCITS ETF) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - IUAE.L tracks the iShares US Aggregate Bond UCITS ETF while IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, IUAE.L returned -2.40%/yr vs 2.73%/yr for IRCP.L. At a correlation of -0.03, they often move in opposite directions. IUAE.L charges 0.30%/yr vs 0.25%/yr for IRCP.L.
Performance
IUAE.L vs. IRCP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUAE.L achieves a -1.30% return, which is significantly lower than IRCP.L's 1.46% return.
IUAE.L
- 1D
- -0.07%
- 1M
- -0.90%
- 6M
- -1.30%
- YTD
- -1.30%
- 1Y
- 2.05%
- 3Y*
- 1.62%
- 5Y*
- -2.40%
- 10Y*
- —
IRCP.L
- 1D
- 0.04%
- 1M
- 0.05%
- 6M
- 1.47%
- YTD
- 1.46%
- 1Y
- 3.00%
- 3Y*
- 5.19%
- 5Y*
- 2.73%
- 10Y*
- 1.58%
IUAE.L vs. IRCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUAE.L iShares US Aggregate Bond UCITS ETF | -1.30% | 4.73% | -0.64% | 2.65% | -15.00% | -2.82% | 5.50% | 5.75% | -1.04% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.46% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -2.99% |
Correlation
The correlation between IUAE.L and IRCP.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | -0.03 |
The correlation between IUAE.L and IRCP.L shifts across timeframes, from -0.03 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUAE.L vs. IRCP.L — Risk / Return Rank
IUAE.L
IRCP.L
IUAE.L vs. IRCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF (IUAE.L) and iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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.
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.
| IUAE.L | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 3.04 | -2.45 |
| Martin ratioReturn relative to average drawdown | 1.55 | 12.47 | -10.91 |
Loading charts...
Drawdowns
IUAE.L vs. IRCP.L - Drawdown Comparison
The maximum IUAE.L drawdown since its inception was -22.73%, which is greater than IRCP.L's maximum drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for IUAE.L and IRCP.L.
Loading charts...
Drawdown Indicators
| IUAE.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -14.44% | -8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -1.03% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -1.96% | -4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -7.09% | -14.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.44% | — |
Current DrawdownCurrent decline from peak | -13.83% | -0.16% | -13.67% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -1.31% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.25% | +1.07% |
Volatility
IUAE.L vs. IRCP.L - Volatility Comparison
iShares US Aggregate Bond UCITS ETF (IUAE.L) has a higher volatility of 1.22% compared to iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) at 0.63%. This indicates that IUAE.L's price experiences larger fluctuations and is considered to be riskier than IRCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUAE.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.63% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 2.45% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 2.67% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 2.97% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 3.79% | +1.72% |
IUAE.L vs. IRCP.L - Expense Ratio Comparison
IUAE.L has a 0.30% expense ratio, which is higher than IRCP.L's 0.25% expense ratio.
Dividends
IUAE.L vs. IRCP.L - Dividend Comparison
IUAE.L has not paid dividends to shareholders, while IRCP.L's dividend yield for the trailing twelve months is around 2.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
IUAE.L iShares US Aggregate Bond UCITS ETF | 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
IUAE.L and IRCP.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IRCP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IRCP.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IUAE.L.
IUAE.L tracks iShares US Aggregate Bond UCITS ETF, while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Their fees differ too: 0.30% for IUAE.L and 0.25% for IRCP.L.
Find the right allocation for IUAE.L and IRCP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer