KORP vs. IEAC.AS
Compare and contrast key facts about American Century Diversified Corporate Bond ETF (KORP) and iShares Core € Corp Bond UCITS ETF (IEAC.AS).
KORP and IEAC.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KORP is an actively managed fund by American Century Investments. It was launched on Jan 11, 2018. IEAC.AS is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Corporate Bond Index. It was launched on Mar 6, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KORP or IEAC.AS.
Key characteristics
| KORP | IEAC.AS | |
|---|---|---|
| YTD Return | -0.90% | -2.12% |
| 1Y Return | 2.41% | 3.32% |
| 3Y Return (Ann) | -1.27% | -3.05% |
| 5Y Return (Ann) | 1.38% | -1.11% |
| Sharpe Ratio | 0.52 | 0.76 |
| Daily Std Dev | 5.27% | 4.31% |
| Max Drawdown | -14.90% | -17.26% |
| Current Drawdown | -5.59% | -10.45% |
Correlation
The correlation between KORP and IEAC.AS is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KORP vs. IEAC.AS - Performance Comparison
In the year-to-date period, KORP achieves a -0.90% return, which is significantly higher than IEAC.AS's -2.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KORP vs. IEAC.AS - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than IEAC.AS's 0.20% expense ratio.
Risk-Adjusted Performance
KORP vs. IEAC.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) and iShares Core € Corp Bond UCITS ETF (IEAC.AS). 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.
Dividends
KORP vs. IEAC.AS - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 4.85%, more than IEAC.AS's 3.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 4.85% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 3.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.22% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% | 2.22% | 2.62% |
Drawdowns
KORP vs. IEAC.AS - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, smaller than the maximum IEAC.AS drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for KORP and IEAC.AS. For additional features, visit the drawdowns tool.
Volatility
KORP vs. IEAC.AS - Volatility Comparison
The current volatility for American Century Diversified Corporate Bond ETF (KORP) is 1.98%, while iShares Core € Corp Bond UCITS ETF (IEAC.AS) has a volatility of 2.29%. This indicates that KORP experiences smaller price fluctuations and is considered to be less risky than IEAC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.