XB4F.DE vs. IEXA.DE
XB4F.DE (Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF) and IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) are both European Corporate Bonds funds - XB4F.DE tracks the Bloomberg MSCI Euro Corporate SRI PAB while IEXA.DE tracks the Bloomberg Euro Corporate ex-Financials Bond. Both are passively managed. Over the past 3 years, XB4F.DE returned 4.08%/yr vs 3.77%/yr for IEXA.DE. Their correlation of 0.88 suggests significant overlap in exposure. XB4F.DE charges 0.16%/yr vs 0.20%/yr for IEXA.DE.
Performance
XB4F.DE vs. IEXA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XB4F.DE achieves a 0.35% return, which is significantly lower than IEXA.DE's 0.56% return.
XB4F.DE
- 1D
- 0.04%
- 1M
- -0.46%
- 6M
- -0.05%
- YTD
- 0.35%
- 1Y
- 1.07%
- 3Y*
- 4.08%
- 5Y*
- -0.19%
- 10Y*
- 0.83%
IEXA.DE
- 1D
- 0.00%
- 1M
- -0.55%
- 6M
- -0.00%
- YTD
- 0.56%
- 1Y
- 1.12%
- 3Y*
- 3.77%
- 5Y*
- —
- 10Y*
- —
XB4F.DE vs. IEXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XB4F.DE Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF | 0.35% | 2.84% | 4.19% | 7.30% | -5.45% |
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 0.56% | 2.47% | 3.54% | 7.38% | -5.39% |
Correlation
The correlation between XB4F.DE and IEXA.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.88 |
The correlation between XB4F.DE and IEXA.DE has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
XB4F.DE vs. IEXA.DE — Risk / Return Rank
XB4F.DE
IEXA.DE
XB4F.DE vs. IEXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF (XB4F.DE) and iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
| XB4F.DE | IEXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.43 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.29 | 1.38 | -0.09 |
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Drawdowns
XB4F.DE vs. IEXA.DE - Drawdown Comparison
The maximum XB4F.DE drawdown since its inception was -16.97%, which is greater than IEXA.DE's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for XB4F.DE and IEXA.DE.
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Drawdown Indicators
| XB4F.DE | IEXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.97% | -9.06% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -2.56% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -2.56% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -16.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.97% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -0.73% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -2.21% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.81% | +0.02% |
Volatility
XB4F.DE vs. IEXA.DE - Volatility Comparison
Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF (XB4F.DE) has a higher volatility of 0.77% compared to iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) at 0.72%. This indicates that XB4F.DE's price experiences larger fluctuations and is considered to be riskier than IEXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XB4F.DE | IEXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.72% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.79% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 3.28% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 4.74% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 4.74% | +0.39% |
XB4F.DE vs. IEXA.DE - Expense Ratio Comparison
XB4F.DE has a 0.16% expense ratio, which is lower than IEXA.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
XB4F.DE vs. IEXA.DE - Dividend Comparison
XB4F.DE's dividend yield for the trailing twelve months is around 2.63%, while IEXA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XB4F.DE Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF | 2.63% | 2.44% | 2.59% | 1.66% | 1.30% | 2.23% | 0.43% | 0.59% | 0.62% |
Frequently Asked Questions
XB4F.DE and IEXA.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XB4F.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4F.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for IEXA.DE.
XB4F.DE tracks Bloomberg MSCI Euro Corporate SRI PAB, while IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.16% for XB4F.DE and 0.20% for IEXA.DE.
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