SSXF.L vs. IE15.L
SSXF.L (iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - SSXF.L tracks the iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist) while IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Both are passively managed. Over the past 10 years, SSXF.L returned 0.32%/yr vs 0.76%/yr for IE15.L. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SSXF.L vs. IE15.L - Performance Comparison
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Returns By Period
In the year-to-date period, SSXF.L achieves a -0.15% return, which is significantly higher than IE15.L's -1.14% return. Over the past 10 years, SSXF.L has underperformed IE15.L with an annualized return of 0.32%, while IE15.L has yielded a comparatively higher 0.76% annualized return.
SSXF.L
- 1D
- 0.64%
- 1M
- 0.86%
- 6M
- -2.02%
- YTD
- -0.15%
- 1Y
- 3.48%
- 3Y*
- 5.08%
- 5Y*
- -2.17%
- 10Y*
- 0.32%
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%
SSXF.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSXF.L iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist) | -0.15% | 1.57% | 4.52% | 10.82% | -24.14% | 2.57% | 2.91% | 17.08% | -2.97% | -0.09% |
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% | 0.86% |
Correlation
The correlation between SSXF.L and IE15.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.43 |
The correlation between SSXF.L and IE15.L shifts across timeframes, from 0.43 (all time) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SSXF.L vs. IE15.L — Risk / Return Rank
SSXF.L
IE15.L
SSXF.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist) (SSXF.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.
| SSXF.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.98 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | -0.10 | +0.67 |
| Martin ratioReturn relative to average drawdown | 1.29 | -0.25 | +1.53 |
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Drawdowns
SSXF.L vs. IE15.L - Drawdown Comparison
The maximum SSXF.L drawdown since its inception was -33.80%, 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 SSXF.L and IE15.L.
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Drawdown Indicators
| SSXF.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -10.14% | -23.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -2.86% | -3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -8.00% | -2.86% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -33.80% | -10.14% | -23.66% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -10.14% | -23.66% |
Current DrawdownCurrent decline from peak | -12.39% | -1.39% | -11.00% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -1.46% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.16% | +1.78% |
Volatility
SSXF.L vs. IE15.L - Volatility Comparison
iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist) (SSXF.L) has a higher volatility of 1.90% compared to iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) at 0.59%. This indicates that SSXF.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
| SSXF.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.59% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 1.85% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 2.50% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.87% | 2.75% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.83% | 3.32% | +6.51% |
SSXF.L vs. IE15.L - Expense Ratio Comparison
Both SSXF.L and IE15.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SSXF.L vs. IE15.L - Dividend Comparison
SSXF.L's dividend yield for the trailing twelve months is around 4.53%, 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% |
SSXF.L iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist) | 4.53% | 4.34% | 3.88% | 3.14% | 3.09% | 2.23% | 2.35% | 2.55% | 2.89% | 2.90% | 3.78% | 2.01% |
Frequently Asked Questions
SSXF.L and IE15.L have a correlation of 0.57, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SSXF.L and IE15.L have the same expense ratio: 0.20% per year.
SSXF.L tracks iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist), while IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist).
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