LQEE.L vs. IE15.L
LQEE.L (iShares $ Corp Bond UCITS ETF EUR Hedged (Dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - LQEE.L tracks the iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) while IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, LQEE.L returned -2.88%/yr vs 0.69%/yr for IE15.L. At a 0.48 correlation, their price movements are largely independent. LQEE.L charges 0.25%/yr vs 0.20%/yr for IE15.L.
Performance
LQEE.L vs. IE15.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQEE.L achieves a -1.87% return, which is significantly lower than IE15.L's -1.14% return.
LQEE.L
- 1D
- 0.01%
- 1M
- -1.49%
- 6M
- -1.87%
- YTD
- -1.87%
- 1Y
- 2.12%
- 3Y*
- 2.35%
- 5Y*
- -2.88%
- 10Y*
- —
IE15.L
- 1D
- -0.18%
- 1M
- -0.30%
- 6M
- -1.34%
- YTD
- -1.14%
- 1Y
- -0.17%
- 3Y*
- 3.65%
- 5Y*
- 0.69%
- 10Y*
- 0.76%
LQEE.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQEE.L iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) | -1.87% | 5.71% | -0.68% | 6.15% | -20.01% | -2.75% | 8.79% | 14.39% | -6.81% | 1.25% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -1.14% | 3.42% | 4.34% | 5.77% | -7.79% | -0.34% | 1.06% | 2.63% | -0.65% | 0.16% |
Correlation
The correlation between LQEE.L and IE15.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.48 |
The correlation between LQEE.L and IE15.L has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
LQEE.L vs. IE15.L — Risk / Return Rank
LQEE.L
IE15.L
LQEE.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) (LQEE.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.
| LQEE.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.98 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | -0.10 | +0.67 |
| Martin ratioReturn relative to average drawdown | 1.39 | -0.25 | +1.64 |
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Drawdowns
LQEE.L vs. IE15.L - Drawdown Comparison
The maximum LQEE.L drawdown since its inception was -27.52%, which is greater than IE15.L's maximum drawdown of -10.14%. Use the drawdown chart below to compare losses from any high point for LQEE.L and IE15.L.
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Drawdown Indicators
| LQEE.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -10.14% | -17.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -2.86% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -8.17% | -2.86% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -10.14% | -16.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.14% | — |
Current DrawdownCurrent decline from peak | -15.14% | -1.39% | -13.75% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -1.46% | -9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.16% | +0.36% |
Volatility
LQEE.L vs. IE15.L - Volatility Comparison
iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) (LQEE.L) has a higher volatility of 1.28% compared to iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) at 0.59%. This indicates that LQEE.L's price experiences larger fluctuations and is considered to be riskier than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQEE.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.59% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 1.85% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 2.50% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 2.75% | +5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 3.32% | +5.57% |
LQEE.L vs. IE15.L - Expense Ratio Comparison
LQEE.L has a 0.25% expense ratio, which is higher than IE15.L's 0.20% 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
LQEE.L vs. IE15.L - Dividend Comparison
LQEE.L's dividend yield for the trailing twelve months is around 5.03%, more than IE15.L's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 3.00% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
LQEE.L iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) | 5.03% | 4.75% | 5.02% | 4.58% | 3.79% | 2.69% | 2.69% | 3.45% | 3.76% | 0.65% | 0.00% | 0.00% |
Frequently Asked Questions
LQEE.L and IE15.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.25% for LQEE.L.
LQEE.L tracks iShares $ Corp Bond UCITS ETF EUR Hedged (Dist), while IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Their fees differ too: 0.25% for LQEE.L and 0.20% for IE15.L.
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