XBLC.L vs. IGBE.L
XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) are both European Corporate Bonds funds - XBLC.L tracks the Bloomberg Euro Corp TR EUR while IGBE.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, XBLC.L returned 0.08%/yr vs -0.49%/yr for IGBE.L. A 0.58 correlation means they provide meaningful diversification when combined. XBLC.L charges 0.12%/yr vs 0.10%/yr for IGBE.L.
Performance
XBLC.L vs. IGBE.L - Performance Comparison
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Different Trading Currencies
XBLC.L is traded in EUR, while IGBE.L is traded in GBp. To make them comparable, the IGBE.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 IGBE.L's 0.69% 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*
- —
IGBE.L
- 1D
- -0.04%
- 1M
- 1.60%
- YTD
- 0.69%
- 6M
- 1.20%
- 1Y
- 2.05%
- 3Y*
- 6.17%
- 5Y*
- -0.49%
- 10Y*
- —
XBLC.L vs. IGBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.55% | 2.95% | 4.36% | 7.51% | -13.29% | -1.05% | 1.68% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 0.69% | 1.64% | 7.39% | 11.47% | -22.45% | 2.65% | 0.25% |
Correlation
The correlation between XBLC.L and IGBE.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.58 |
The correlation between XBLC.L and IGBE.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
XBLC.L vs. IGBE.L — Risk / Return Rank
XBLC.L
IGBE.L
XBLC.L vs. IGBE.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 Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.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 | IGBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.56 | +0.14 |
| Martin ratioReturn relative to average drawdown | 2.42 | 1.42 | +1.00 |
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 | IGBE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.31 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.05 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.03 | +0.21 |
Drawdowns
XBLC.L vs. IGBE.L - Drawdown Comparison
The maximum XBLC.L drawdown since its inception was -17.18%, smaller than the maximum IGBE.L drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for XBLC.L and IGBE.L.
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Drawdown Indicators
| XBLC.L | IGBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -32.28% | +15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.65% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -7.81% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -32.28% | +15.10% |
Current DrawdownCurrent decline from peak | -1.05% | -6.47% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -10.58% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.44% | -0.67% |
Volatility
XBLC.L vs. IGBE.L - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF 1C (XBLC.L) is 1.18%, while Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) has a volatility of 2.20%. This indicates that XBLC.L experiences smaller price fluctuations and is considered to be less risky than IGBE.L 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 | IGBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 2.20% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 5.08% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 6.68% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 9.50% | -5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 10.35% | -5.64% |
XBLC.L vs. IGBE.L - Expense Ratio Comparison
XBLC.L has a 0.12% expense ratio, which is higher than IGBE.L's 0.10% expense ratio. However, 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. IGBE.L - Dividend Comparison
XBLC.L has not paid dividends to shareholders, while IGBE.L's dividend yield for the trailing twelve months is around 4.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 4.93% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% |
XBLC.L Xtrackers II EUR Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBLC.L and IGBE.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGBE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGBE.L is cheaper with a 0.10% expense ratio, compared with 0.12% for XBLC.L.
XBLC.L tracks Bloomberg Euro Corp TR EUR, while IGBE.L tracks Markit iBoxx GBP NonGilts TR. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for XBLC.L and 0.10% for IGBE.L.
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