UEEF.DE vs. IBC7.DE
UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) and IBC7.DE (iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) are both High Yield Bonds funds from iShares - UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged) while IBC7.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (EUR Hedged). Both are passively managed. Over the past 5 years, UEEF.DE returned 1.44%/yr vs 1.18%/yr for IBC7.DE. A 0.71 correlation means they provide meaningful diversification when combined. UEEF.DE charges 0.27%/yr vs 0.55%/yr for IBC7.DE.
Performance
UEEF.DE vs. IBC7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEF.DE achieves a 0.70% return, which is significantly lower than IBC7.DE's 1.46% return.
UEEF.DE
- 1D
- -0.17%
- 1M
- 0.52%
- 6M
- 0.87%
- YTD
- 0.70%
- 1Y
- 3.21%
- 3Y*
- 6.52%
- 5Y*
- 1.44%
- 10Y*
- —
IBC7.DE
- 1D
- 0.00%
- 1M
- 0.92%
- 6M
- 1.46%
- YTD
- 1.46%
- 1Y
- 4.57%
- 3Y*
- 5.96%
- 5Y*
- 1.18%
- 10Y*
- —
UEEF.DE vs. IBC7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 1.46% | 7.07% | 3.18% | 9.37% | -13.89% | 3.60% | 7.03% |
Correlation
The correlation between UEEF.DE and IBC7.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.71 |
The correlation between UEEF.DE and IBC7.DE has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
UEEF.DE vs. IBC7.DE — Risk / Return Rank
UEEF.DE
IBC7.DE
UEEF.DE vs. IBC7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) and iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.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.
| UEEF.DE | IBC7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.35 | -0.20 |
| Martin ratioReturn relative to average drawdown | 4.84 | 5.39 | -0.55 |
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Drawdowns
UEEF.DE vs. IBC7.DE - Drawdown Comparison
The maximum UEEF.DE drawdown since its inception was -17.83%, smaller than the maximum IBC7.DE drawdown of -21.75%. Use the drawdown chart below to compare losses from any high point for UEEF.DE and IBC7.DE.
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Drawdown Indicators
| UEEF.DE | IBC7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.83% | -21.75% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -3.37% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -4.30% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.83% | -18.37% | +0.54% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -4.45% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.84% | -0.19% |
Volatility
UEEF.DE vs. IBC7.DE - Volatility Comparison
iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) has a higher volatility of 1.20% compared to iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.DE) at 1.11%. This indicates that UEEF.DE's price experiences larger fluctuations and is considered to be riskier than IBC7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEF.DE | IBC7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.11% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.11% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 3.88% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 6.18% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 8.10% | -1.32% |
UEEF.DE vs. IBC7.DE - Expense Ratio Comparison
UEEF.DE has a 0.27% expense ratio, which is lower than IBC7.DE's 0.55% expense ratio.
Dividends
UEEF.DE vs. IBC7.DE - Dividend Comparison
UEEF.DE has not paid dividends to shareholders, while IBC7.DE's dividend yield for the trailing twelve months is around 5.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 5.62% | 5.55% | 5.89% | 5.18% | 4.46% | 3.93% | 4.17% | 4.59% | 3.28% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEF.DE and IBC7.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.55% for IBC7.DE.
UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged), while IBC7.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (EUR Hedged). Their fees differ too: 0.27% for UEEF.DE and 0.55% for IBC7.DE.
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