TCC4.DE vs. IBCS.DE
TCC4.DE (Amundi Index Euro Corporate SRI UCITS ETF 2 EUR) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - TCC4.DE tracks the Bloomberg MSCI Euro Corporate ESG Sustainability SRI while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 10 years, TCC4.DE returned 0.78%/yr vs 0.79%/yr for IBCS.DE. Their correlation of 0.84 suggests significant overlap in exposure. TCC4.DE charges 0.16%/yr vs 0.20%/yr for IBCS.DE.
Performance
TCC4.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TCC4.DE achieves a 1.28% return, which is significantly lower than IBCS.DE's 1.40% return. Both investments have delivered pretty close results over the past 10 years, with TCC4.DE having a 0.78% annualized return and IBCS.DE not far ahead at 0.79%.
TCC4.DE
- 1D
- 0.11%
- 1M
- 0.76%
- YTD
- 1.28%
- 6M
- 1.49%
- 1Y
- 2.42%
- 3Y*
- 4.65%
- 5Y*
- 0.11%
- 10Y*
- 0.78%
IBCS.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.40%
- 6M
- 1.59%
- 1Y
- 2.39%
- 3Y*
- 4.46%
- 5Y*
- -0.10%
- 10Y*
- 0.79%
TCC4.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCC4.DE Amundi Index Euro Corporate SRI UCITS ETF 2 EUR | 1.28% | 2.94% | 4.15% | 7.07% | -13.30% | -1.58% | 2.57% | 5.49% | -1.30% | 1.35% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -1.32% | 1.59% |
Correlation
The correlation between TCC4.DE and IBCS.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2009 | 0.84 |
The correlation between TCC4.DE and IBCS.DE has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
TCC4.DE vs. IBCS.DE — Risk / Return Rank
TCC4.DE
IBCS.DE
TCC4.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index Euro Corporate SRI UCITS ETF 2 EUR (TCC4.DE) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE). 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.
| TCC4.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.86 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.12 | 2.92 | +0.20 |
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Drawdowns
TCC4.DE vs. IBCS.DE - Drawdown Comparison
The maximum TCC4.DE drawdown since its inception was -17.21%, roughly equal to the maximum IBCS.DE drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for TCC4.DE and IBCS.DE.
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Drawdown Indicators
| TCC4.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -17.87% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -2.78% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -2.55% | -2.78% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -17.87% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | -17.87% | +0.66% |
Current DrawdownCurrent decline from peak | -1.01% | -2.06% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -2.98% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.82% | -0.05% |
Volatility
TCC4.DE vs. IBCS.DE - Volatility Comparison
The current volatility for Amundi Index Euro Corporate SRI UCITS ETF 2 EUR (TCC4.DE) is 0.72%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 0.83%. This indicates that TCC4.DE experiences smaller price fluctuations and is considered to be less risky than IBCS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCC4.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.83% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.94% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 3.38% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 4.74% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.29% | 4.47% | +0.82% |
TCC4.DE vs. IBCS.DE - Expense Ratio Comparison
TCC4.DE has a 0.16% expense ratio, which is lower than IBCS.DE's 0.20% 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
TCC4.DE vs. IBCS.DE - Dividend Comparison
TCC4.DE has not paid dividends to shareholders, while IBCS.DE's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.11% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
TCC4.DE Amundi Index Euro Corporate SRI UCITS ETF 2 EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TCC4.DE and IBCS.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCC4.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCC4.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for IBCS.DE.
TCC4.DE tracks Bloomberg MSCI Euro Corporate ESG Sustainability SRI, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.16% for TCC4.DE and 0.20% for IBCS.DE.
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