SSXF.L vs. IRCP.L
SSXF.L (iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist)) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI 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 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, SSXF.L returned 0.32%/yr vs 1.58%/yr for IRCP.L. At a 0.06 correlation, their price movements are largely independent. SSXF.L charges 0.20%/yr vs 0.25%/yr for IRCP.L.
Performance
SSXF.L vs. IRCP.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 lower than IRCP.L's 1.46% return. Over the past 10 years, SSXF.L has underperformed IRCP.L with an annualized return of 0.32%, while IRCP.L has yielded a comparatively higher 1.58% 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%
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%
SSXF.L vs. IRCP.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% |
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% | 1.46% |
Correlation
The correlation between SSXF.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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2012 | 0.06 |
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Return for Risk
SSXF.L vs. IRCP.L — Risk / Return Rank
SSXF.L
IRCP.L
SSXF.L vs. IRCP.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 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.
| SSXF.L | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 3.04 | -2.46 |
| Martin ratioReturn relative to average drawdown | 1.29 | 12.47 | -11.18 |
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Drawdowns
SSXF.L vs. IRCP.L - Drawdown Comparison
The maximum SSXF.L drawdown since its inception was -33.80%, 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 SSXF.L and IRCP.L.
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Drawdown Indicators
| SSXF.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -14.44% | -19.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -1.03% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -8.00% | -1.96% | -6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.80% | -7.09% | -26.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -14.44% | -19.36% |
Current DrawdownCurrent decline from peak | -12.39% | -0.16% | -12.23% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -1.31% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.25% | +2.69% |
Volatility
SSXF.L vs. IRCP.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 Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) at 0.63%. This indicates that SSXF.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
| SSXF.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.63% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 2.45% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 2.67% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.87% | 2.97% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.83% | 3.79% | +6.04% |
SSXF.L vs. IRCP.L - Expense Ratio Comparison
SSXF.L has a 0.20% 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
SSXF.L vs. IRCP.L - Dividend Comparison
SSXF.L's dividend yield for the trailing twelve months is around 4.53%, 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% |
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 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.
On fees, SSXF.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSXF.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IRCP.L.
SSXF.L tracks iShares £ Corp Bond ex-Financials UCITS ETF GBP (Dist), while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Their fees differ too: 0.20% for SSXF.L and 0.25% for IRCP.L.
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