XBLC.L vs. ICGA.DE
XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and ICGA.DE (iShares MSCI China UCITS ETF USD Acc) are both exchange-traded funds - XBLC.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while ICGA.DE is a China Equities fund tracking the MSCI China. Both are passively managed. Over the past 5 years, XBLC.L returned 0.08%/yr vs -4.32%/yr for ICGA.DE. At a 0.11 correlation, their price movements are largely independent. XBLC.L charges 0.12%/yr vs 0.28%/yr for ICGA.DE.
Performance
XBLC.L vs. ICGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBLC.L achieves a 0.55% return, which is significantly higher than ICGA.DE's -6.86% return.
XBLC.L
- 1D
- 0.10%
- 1M
- 0.71%
- YTD
- 0.55%
- 6M
- 0.44%
- 1Y
- 1.87%
- 3Y*
- 4.55%
- 5Y*
- 0.08%
- 10Y*
- —
ICGA.DE
- 1D
- -0.54%
- 1M
- -2.09%
- YTD
- -6.86%
- 6M
- -8.51%
- 1Y
- 2.73%
- 3Y*
- 7.72%
- 5Y*
- -4.32%
- 10Y*
- —
XBLC.L vs. ICGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.55% | 2.95% | 4.36% | 7.51% | -13.29% | -1.05% | 2.52% | 0.68% |
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -6.86% | 16.64% | 27.28% | -14.71% | -15.17% | -17.27% | 15.31% | 14.05% |
Correlation
The correlation between XBLC.L and ICGA.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.11 |
The correlation between XBLC.L and ICGA.DE shifts across timeframes, from 0.09 (5 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XBLC.L vs. ICGA.DE — Risk / Return Rank
XBLC.L
ICGA.DE
XBLC.L vs. ICGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) and iShares MSCI China UCITS ETF USD Acc (ICGA.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.
| XBLC.L | ICGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.04 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.16 | +0.54 |
| Martin ratioReturn relative to average drawdown | 2.42 | 0.34 | +2.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XBLC.L | ICGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.15 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.15 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.05 | +0.13 |
Drawdowns
XBLC.L vs. ICGA.DE - Drawdown Comparison
The maximum XBLC.L drawdown since its inception was -17.18%, smaller than the maximum ICGA.DE drawdown of -55.95%. Use the drawdown chart below to compare losses from any high point for XBLC.L and ICGA.DE.
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Drawdown Indicators
| XBLC.L | ICGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -55.95% | +38.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -16.84% | +14.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -24.41% | +21.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -49.32% | +32.14% |
Current DrawdownCurrent decline from peak | -1.05% | -32.56% | +31.51% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -28.80% | +24.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 8.08% | -7.31% |
Volatility
XBLC.L vs. ICGA.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) is 1.18%, while iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a volatility of 7.19%. This indicates that XBLC.L experiences smaller price fluctuations and is considered to be less risky than ICGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBLC.L | ICGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 7.19% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 13.31% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 18.64% | -15.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 27.66% | -23.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 26.97% | -22.26% |
XBLC.L vs. ICGA.DE - Expense Ratio Comparison
XBLC.L has a 0.12% expense ratio, which is lower than ICGA.DE's 0.28% expense ratio.
Dividends
XBLC.L vs. ICGA.DE - Dividend Comparison
Neither XBLC.L nor ICGA.DE has paid dividends to shareholders.
Frequently Asked Questions
XBLC.L and ICGA.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBLC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBLC.L is cheaper with a 0.12% expense ratio, compared with 0.28% for ICGA.DE.
XBLC.L is categorized as European Corporate Bonds, while ICGA.DE is China Equities. XBLC.L tracks Bloomberg Euro Corp TR EUR, while ICGA.DE tracks MSCI China. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XBLC.L and 0.28% for ICGA.DE.
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