XBLC.L vs. IE15.L

Last updated Jul 18, 2026

XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - XBLC.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR). Both are passively managed. Over the past 5 years, XBLC.L returned -0.11%/yr vs 0.68%/yr for IE15.L. Their correlation of 0.83 suggests significant overlap in exposure. XBLC.L charges 0.12%/yr vs 0.20%/yr for IE15.L.

Performance

XBLC.L vs. IE15.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XBLC.L achieves a 0.42% return, which is significantly higher than IE15.L's -1.15% return.

XBLC.L

• 1D: -0.02%
• 1M: -0.55%
• 6M: 0.03%
• YTD: 0.42%
• 1Y: 1.29%
• 3Y*: 4.22%
• 5Y*: -0.11%
• 10Y*: —

IE15.L

• 1D: -0.04%
• 1M: -0.18%
• 6M: 0.17%
• YTD: -1.15%
• 1Y: -0.29%
• 3Y*: 3.52%
• 5Y*: 0.68%
• 10Y*: 0.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XBLC.L vs. IE15.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C	0.42%	2.95%	4.36%	7.50%	-13.29%	-1.05%	2.52%	6.28%	-1.53%	0.63%
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	-1.15%	3.42%	4.34%	5.77%	-7.79%	-0.34%	1.06%	2.63%	-0.65%	0.16%

Correlation

The correlation between XBLC.L and IE15.L is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017	0.83

The correlation between XBLC.L and IE15.L has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

XBLC.L vs. IE15.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XBLC.L

XBLC.L Risk / Return Rank: 17
XBLC.L Sharpe Ratio Rank: 18
XBLC.L Sortino Ratio Rank: 16
XBLC.L Omega Ratio Rank: 16
XBLC.L Calmar Ratio Rank: 17
XBLC.L Martin Ratio Rank: 20

IE15.L

IE15.L Risk / Return Rank: 8
IE15.L Sharpe Ratio Rank: 9
IE15.L Sortino Ratio Rank: 8
IE15.L Omega Ratio Rank: 8
IE15.L Calmar Ratio Rank: 9
IE15.L Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XBLC.L vs. IE15.L - 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 € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.

	XBLC.L	IE15.L	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-0.12	+0.53
Sortino ratio: Return per unit of downside risk	0.63	-0.13	+0.76
Omega ratio: Gain probability vs. loss probability	1.08	0.98	+0.10
Calmar ratio: Return relative to maximum drawdown	0.48	-0.10	+0.58
Martin ratio: Return relative to average drawdown	1.62	-0.25	+1.87

XBLC.L vs. IE15.L - Sharpe Ratio Comparison

The current XBLC.L Sharpe Ratio is 0.42, which is higher than the IE15.L Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of XBLC.L and IE15.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XBLC.L vs. IE15.L - Drawdown Comparison

The maximum XBLC.L drawdown since its inception was -17.18%, which is greater than IE15.L's maximum drawdown of -10.14%. Use the drawdown chart below to compare losses from any high point for XBLC.L and IE15.L.

Drawdown Indicators

	XBLC.L	IE15.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.18%	-10.14%	-7.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-2.86%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-2.67%	-2.86%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-17.18%	-10.14%	-7.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.14%	—
Current Drawdown Current decline from peak	-1.18%	-1.40%	+0.22%
Average Drawdown Average peak-to-trough decline	-4.45%	-1.46%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	1.16%	-0.37%

Volatility

XBLC.L vs. IE15.L - Volatility Comparison

Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) has a higher volatility of 0.77% compared to iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) at 0.58%. This indicates that XBLC.L's price experiences larger fluctuations and is considered to be riskier than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBLC.L	IE15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.58%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	1.85%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	2.50%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.39%	2.75%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	3.32%	+1.36%

XBLC.L vs. IE15.L - Expense Ratio Comparison

XBLC.L has a 0.12% expense ratio, which is lower than IE15.L'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

XBLC.L vs. IE15.L - Dividend Comparison

XBLC.L has not paid dividends to shareholders, while IE15.L's dividend yield for the trailing twelve months is around 1.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	1.51%	2.92%	2.50%	1.41%	0.51%	0.57%	0.59%	0.62%	0.62%	0.68%	0.90%	0.56%
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C	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

Can I hold both XBLC.L and IE15.L in my portfolio?

XBLC.L and IE15.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XBLC.L or IE15.L?

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.

Which ETF is cheaper, XBLC.L or IE15.L?

XBLC.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IE15.L.

What is the main difference between XBLC.L and IE15.L?

XBLC.L is categorized as European Corporate Bonds, while IE15.L is Short-Term Bond. XBLC.L tracks Bloomberg Euro Corp TR EUR, while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XBLC.L and 0.20% for IE15.L.