SEAG.L vs. IRCP.L
SEAG.L (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - SEAG.L tracks the iShares € Aggregate Bond ESG SRI UCITS ETF EUR (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 10 years, SEAG.L returned -0.32%/yr vs 1.73%/yr for IRCP.L. A 0.66 correlation means they provide meaningful diversification when combined. SEAG.L charges 0.16%/yr vs 0.25%/yr for IRCP.L.
Performance
SEAG.L vs. IRCP.L - Performance Comparison
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Different Trading Currencies
SEAG.L is traded in GBP, while IRCP.L is traded in EUR. To make them comparable, the IRCP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEAG.L achieves a -4.08% return, which is significantly lower than IRCP.L's -1.35% return. Over the past 10 years, SEAG.L has underperformed IRCP.L with an annualized return of -0.32%, while IRCP.L has yielded a comparatively higher 1.73% annualized return.
SEAG.L
- 1D
- -0.78%
- 1M
- -2.48%
- 6M
- -3.84%
- YTD
- -4.08%
- 1Y
- -2.58%
- 3Y*
- 2.05%
- 5Y*
- -2.46%
- 10Y*
- -0.32%
IRCP.L
- 1D
- 0.00%
- 1M
- -1.86%
- 6M
- -0.68%
- YTD
- -1.35%
- 1Y
- 0.73%
- 3Y*
- 4.72%
- 5Y*
- 2.50%
- 10Y*
- 1.73%
SEAG.L vs. IRCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEAG.L iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | -4.08% | 6.32% | -2.34% | 4.78% | -12.37% | -9.36% | 9.60% | 0.66% | 1.09% | 3.78% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | -1.35% | 9.79% | 1.63% | 3.04% | 2.28% | -6.16% | 6.54% | -1.90% | -2.68% | 5.79% |
Correlation
The correlation between SEAG.L and IRCP.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2012 | 0.66 |
The correlation between SEAG.L and IRCP.L shifts across timeframes, from 0.45 (5 years) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEAG.L vs. IRCP.L — Risk / Return Rank
SEAG.L
IRCP.L
SEAG.L vs. IRCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.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.
| SEAG.L | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.03 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.32 | -0.47 |
| Martin ratioReturn relative to average drawdown | -0.22 | 0.87 | -1.09 |
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Drawdowns
SEAG.L vs. IRCP.L - Drawdown Comparison
The maximum SEAG.L drawdown since its inception was -24.92%, which is greater than IRCP.L's maximum drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for SEAG.L and IRCP.L.
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Drawdown Indicators
| SEAG.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -19.15% | -5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -2.41% | -14.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -2.41% | -14.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -8.09% | -11.13% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | -12.86% | -12.06% |
Current DrawdownCurrent decline from peak | -18.96% | -2.41% | -16.55% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -5.61% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 0.87% | +11.06% |
Volatility
SEAG.L vs. IRCP.L - Volatility Comparison
iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.L) has a higher volatility of 1.45% compared to iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) at 1.05%. This indicates that SEAG.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
| SEAG.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.05% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 3.47% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.81% | 4.62% | +15.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 6.05% | +4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.65% | 7.09% | +2.56% |
SEAG.L vs. IRCP.L - Expense Ratio Comparison
SEAG.L has a 0.16% expense ratio, which is lower than IRCP.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SEAG.L vs. IRCP.L - Dividend Comparison
SEAG.L's dividend yield for the trailing twelve months is around 1.22%, less 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% |
SEAG.L iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | 1.22% | 2.28% | 1.97% | 1.15% | 0.59% | 0.49% | 0.61% | 0.93% | 1.04% | 1.13% | 1.22% | 0.72% |
Frequently Asked Questions
SEAG.L and IRCP.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAG.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAG.L is cheaper with a 0.16% expense ratio, compared with 0.25% for IRCP.L.
SEAG.L tracks iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist), while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Their fees differ too: 0.16% for SEAG.L and 0.25% for IRCP.L.
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