LQEE.L vs. IRCP.L
LQEE.L (iShares $ Corp Bond UCITS ETF EUR Hedged (Dist)) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - LQEE.L tracks the iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) 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, LQEE.L returned -2.88%/yr vs 2.73%/yr for IRCP.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
LQEE.L vs. IRCP.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 IRCP.L's 1.46% 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*
- —
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%
LQEE.L vs. IRCP.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% |
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% | -3.63% | 0.40% |
Correlation
The correlation between LQEE.L and IRCP.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.13 |
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Return for Risk
LQEE.L vs. IRCP.L — Risk / Return Rank
LQEE.L
IRCP.L
LQEE.L vs. IRCP.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 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.
| LQEE.L | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 3.04 | -2.47 |
| Martin ratioReturn relative to average drawdown | 1.39 | 12.47 | -11.08 |
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Drawdowns
LQEE.L vs. IRCP.L - Drawdown Comparison
The maximum LQEE.L drawdown since its inception was -27.52%, 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 LQEE.L and IRCP.L.
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Drawdown Indicators
| LQEE.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -14.44% | -13.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -1.03% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -8.17% | -1.96% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -7.09% | -19.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.44% | — |
Current DrawdownCurrent decline from peak | -15.14% | -0.16% | -14.98% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -1.31% | -9.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.25% | +1.27% |
Volatility
LQEE.L vs. IRCP.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 Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) at 0.63%. This indicates that LQEE.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.
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Volatility by Period
| LQEE.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.63% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 2.45% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 2.67% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 2.97% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 3.79% | +5.10% |
LQEE.L vs. IRCP.L - Expense Ratio Comparison
Both LQEE.L and IRCP.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LQEE.L vs. IRCP.L - Dividend Comparison
LQEE.L's dividend yield for the trailing twelve months is around 5.03%, more than IRCP.L's 2.58% yield.
| 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% |
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 IRCP.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LQEE.L and IRCP.L have the same expense ratio: 0.25% per year.
LQEE.L tracks iShares $ Corp Bond UCITS ETF EUR Hedged (Dist), while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist).
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