XBLC.L vs. IEBC.L
XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from Xtrackers and iShares respectively. Both are passively managed. Over the past 5 years, XBLC.L returned 0.08%/yr vs 0.50%/yr for IEBC.L. A 0.66 correlation means they provide meaningful diversification when combined. XBLC.L charges 0.12%/yr vs 0.20%/yr for IEBC.L.
Performance
XBLC.L vs. IEBC.L - Performance Comparison
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Different Trading Currencies
XBLC.L is traded in EUR, while IEBC.L is traded in GBP. To make them comparable, the IEBC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XBLC.L achieves a 0.55% return, which is significantly lower than IEBC.L's 0.76% 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*
- —
IEBC.L
- 1D
- 0.17%
- 1M
- 0.87%
- YTD
- 0.76%
- 6M
- 0.82%
- 1Y
- 2.59%
- 3Y*
- 5.15%
- 5Y*
- 0.50%
- 10Y*
- 1.33%
XBLC.L vs. IEBC.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 | 0.55% | 2.95% | 4.36% | 7.51% | -13.29% | -1.05% | 2.52% | 6.28% | -1.52% | 0.63% |
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 0.76% | 3.72% | 4.75% | 8.09% | -13.11% | -1.88% | 3.04% | 7.55% | -1.68% | 0.34% |
Correlation
The correlation between XBLC.L and IEBC.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.66 |
The correlation between XBLC.L and IEBC.L shifts across timeframes, from 0.66 (all time) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBLC.L vs. IEBC.L — Risk / Return Rank
XBLC.L
IEBC.L
XBLC.L vs. IEBC.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 Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.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.
| XBLC.L | IEBC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.89 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.42 | 3.02 | -0.60 |
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 | IEBC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.72 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.09 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.66 | -0.48 |
Drawdowns
XBLC.L vs. IEBC.L - Drawdown Comparison
The maximum XBLC.L drawdown since its inception was -17.18%, roughly equal to the maximum IEBC.L drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for XBLC.L and IEBC.L.
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Drawdown Indicators
| XBLC.L | IEBC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -17.82% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.89% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -2.89% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -17.78% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.82% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.73% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -2.87% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.86% | -0.09% |
Volatility
XBLC.L vs. IEBC.L - Volatility Comparison
Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) and iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) have volatilities of 1.18% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBLC.L | IEBC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.17% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 2.99% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.58% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 5.32% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 5.90% | -1.19% |
XBLC.L vs. IEBC.L - Expense Ratio Comparison
XBLC.L has a 0.12% expense ratio, which is lower than IEBC.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. IEBC.L - Dividend Comparison
XBLC.L has not paid dividends to shareholders, while IEBC.L's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 3.85% | 3.76% | 4.10% | 2.89% | 0.94% | 0.97% | 0.93% | 1.30% | 1.09% | 1.72% | 1.94% | 1.22% |
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
XBLC.L and IEBC.L have a correlation of 0.69, 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 0.20% for IEBC.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XBLC.L and 0.20% for IEBC.L.
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