XDEP.DE vs. IBCS.DE
XDEP.DE (Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - XDEP.DE tracks the iBoxx® EUR Corporates Yield Plus while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 10 years, XDEP.DE returned 1.66%/yr vs 0.79%/yr for IBCS.DE. A 0.73 correlation means they provide meaningful diversification when combined. XDEP.DE charges 0.25%/yr vs 0.20%/yr for IBCS.DE.
Performance
XDEP.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XDEP.DE having a 1.34% return and IBCS.DE slightly higher at 1.40%. Over the past 10 years, XDEP.DE has outperformed IBCS.DE with an annualized return of 1.66%, while IBCS.DE has yielded a comparatively lower 0.79% annualized return.
XDEP.DE
- 1D
- 0.07%
- 1M
- 0.79%
- YTD
- 1.34%
- 6M
- 1.54%
- 1Y
- 2.75%
- 3Y*
- 5.65%
- 5Y*
- 0.44%
- 10Y*
- 1.66%
IBCS.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.40%
- 6M
- 1.59%
- 1Y
- 2.39%
- 3Y*
- 4.46%
- 5Y*
- -0.10%
- 10Y*
- 0.79%
XDEP.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 1.34% | 3.52% | 5.25% | 9.38% | -15.27% | -0.32% | 2.91% | 8.76% | -2.58% | 3.64% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 1.40% | 2.83% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -1.32% | 1.59% |
Correlation
The correlation between XDEP.DE and IBCS.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016 | 0.73 |
The correlation between XDEP.DE and IBCS.DE shifts across timeframes, from 0.73 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDEP.DE vs. IBCS.DE — Risk / Return Rank
XDEP.DE
IBCS.DE
XDEP.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.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.
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.
| XDEP.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.86 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.86 | 2.92 | -0.06 |
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Drawdowns
XDEP.DE vs. IBCS.DE - Drawdown Comparison
The maximum XDEP.DE drawdown since its inception was -19.76%, which is greater than IBCS.DE's maximum drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for XDEP.DE and IBCS.DE.
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Drawdown Indicators
| XDEP.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.76% | -17.87% | -1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -2.78% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.19% | -2.78% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.76% | -17.87% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -19.76% | -17.87% | -1.89% |
Current DrawdownCurrent decline from peak | -0.20% | -2.06% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -2.98% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.82% | +0.14% |
Volatility
XDEP.DE vs. IBCS.DE - Volatility Comparison
Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF (XDEP.DE) has a higher volatility of 1.01% compared to iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) at 0.83%. This indicates that XDEP.DE's price experiences larger fluctuations and is considered to be riskier than IBCS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEP.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.83% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 2.94% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 3.38% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.76% | 4.74% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.29% | 4.47% | +0.82% |
XDEP.DE vs. IBCS.DE - Expense Ratio Comparison
XDEP.DE has a 0.25% expense ratio, which is higher than IBCS.DE's 0.20% 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
XDEP.DE vs. IBCS.DE - Dividend Comparison
XDEP.DE's dividend yield for the trailing twelve months is around 2.86%, less than IBCS.DE's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.11% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
XDEP.DE Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF | 2.86% | 2.73% | 2.26% | 1.68% | 2.51% | 1.53% | 1.85% | 1.40% | 0.72% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDEP.DE and IBCS.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCS.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCS.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDEP.DE.
XDEP.DE tracks iBoxx® EUR Corporates Yield Plus, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XDEP.DE and 0.20% for IBCS.DE.
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