XBLC.L vs. IRCP.L
XBLC.L (Xtrackers II EUR Corporate Bond UCITS ETF 1C) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - XBLC.L tracks the Bloomberg Euro Corp TR EUR while IRCP.L tracks the Bloomberg MSCI EUR Corporate Interest Rate Hedged ESG SRI Index. Both are passively managed. Over the past 5 years, XBLC.L returned -0.11%/yr vs 2.73%/yr for IRCP.L. At a 0.27 correlation, their price movements are largely independent. XBLC.L charges 0.12%/yr vs 0.25%/yr for IRCP.L.
Performance
XBLC.L vs. IRCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, XBLC.L achieves a 0.42% return, which is significantly lower than IRCP.L's 1.43% 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*
- —
IRCP.L
- 1D
- -0.01%
- 1M
- 0.50%
- 6M
- 1.32%
- YTD
- 1.43%
- 1Y
- 3.03%
- 3Y*
- 5.13%
- 5Y*
- 2.73%
- 10Y*
- 1.57%
XBLC.L vs. IRCP.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% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.43% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 0.40% |
Correlation
The correlation between XBLC.L and IRCP.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.27 |
The correlation between XBLC.L and IRCP.L shifts across timeframes, from 0.12 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XBLC.L vs. IRCP.L — Risk / Return Rank
XBLC.L
IRCP.L
XBLC.L vs. IRCP.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 Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 2.94 | -2.46 |
| Martin ratioReturn relative to average drawdown | 1.62 | 12.04 | -10.42 |
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Drawdowns
XBLC.L vs. IRCP.L - Drawdown Comparison
The maximum XBLC.L drawdown since its inception was -17.18%, which is greater than IRCP.L's maximum drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for XBLC.L and IRCP.L.
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Drawdown Indicators
| XBLC.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -14.44% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.03% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -1.96% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -7.06% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.44% | — |
Current DrawdownCurrent decline from peak | -1.18% | -0.19% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -1.31% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.25% | +0.54% |
Volatility
XBLC.L vs. IRCP.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 Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) at 0.60%. This indicates that XBLC.L's price experiences larger fluctuations and is considered to be riskier than IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.60% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.45% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 2.67% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 2.96% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 3.79% | +0.89% |
XBLC.L vs. IRCP.L - Expense Ratio Comparison
XBLC.L has a 0.12% expense ratio, which is lower than IRCP.L's 0.25% 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. IRCP.L - Dividend Comparison
XBLC.L has not paid dividends to shareholders, while IRCP.L's dividend yield for the trailing twelve months is around 2.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
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 IRCP.L have a correlation of 0.12, 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 0.25% for IRCP.L.
XBLC.L tracks Bloomberg Euro Corp TR EUR, while IRCP.L tracks Bloomberg MSCI EUR Corporate Interest Rate Hedged ESG SRI Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XBLC.L and 0.25% for IRCP.L.
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