XZBU.DE vs. IBCD.DE
XZBU.DE (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) and IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - XZBU.DE tracks the Bloomberg US Corp Bond TR USD while IBCD.DE tracks the iBoxx® USD Liquid Investment Grade. Both are passively managed. Over the past 5 years, XZBU.DE returned 0.68%/yr vs 0.50%/yr for IBCD.DE. With a 0.97 correlation, they move nearly in lockstep. XZBU.DE charges 0.16%/yr vs 0.20%/yr for IBCD.DE.
Performance
XZBU.DE vs. IBCD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XZBU.DE having a 1.33% return and IBCD.DE slightly lower at 1.30%.
XZBU.DE
- 1D
- 0.15%
- 1M
- 1.09%
- YTD
- 1.33%
- 6M
- 0.54%
- 1Y
- 3.92%
- 3Y*
- 2.09%
- 5Y*
- 0.68%
- 10Y*
- —
IBCD.DE
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 1.30%
- 6M
- 0.27%
- 1Y
- 3.27%
- 3Y*
- 1.65%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
XZBU.DE vs. IBCD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XZBU.DE Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C | 1.33% | -3.98% | 6.63% | 5.34% | -13.42% | 6.21% | -1.19% |
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | -1.37% |
Correlation
The correlation between XZBU.DE and IBCD.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.97 |
The correlation between XZBU.DE and IBCD.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
XZBU.DE vs. IBCD.DE — Risk / Return Rank
XZBU.DE
IBCD.DE
XZBU.DE vs. IBCD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.DE) and iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.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.
| XZBU.DE | IBCD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.75 | +0.16 |
| Martin ratioReturn relative to average drawdown | 2.28 | 1.78 | +0.51 |
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
| XZBU.DE | IBCD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.47 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.05 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.16 | -0.17 |
Drawdowns
XZBU.DE vs. IBCD.DE - Drawdown Comparison
The maximum XZBU.DE drawdown since its inception was -17.79%, smaller than the maximum IBCD.DE drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for XZBU.DE and IBCD.DE.
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Drawdown Indicators
| XZBU.DE | IBCD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -41.86% | +24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -3.93% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -12.36% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -17.12% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.51% | — |
Current DrawdownCurrent decline from peak | -6.99% | -7.49% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -9.84% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.65% | -0.17% |
Volatility
XZBU.DE vs. IBCD.DE - Volatility Comparison
The current volatility for Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.DE) is 1.25%, while iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a volatility of 1.33%. This indicates that XZBU.DE experiences smaller price fluctuations and is considered to be less risky than IBCD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZBU.DE | IBCD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.33% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 4.22% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 6.21% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.15% | 9.18% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.95% | 9.07% | -0.12% |
XZBU.DE vs. IBCD.DE - Expense Ratio Comparison
XZBU.DE has a 0.16% expense ratio, which is lower than IBCD.DE'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
XZBU.DE vs. IBCD.DE - Dividend Comparison
XZBU.DE has not paid dividends to shareholders, while IBCD.DE's dividend yield for the trailing twelve months is around 4.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
XZBU.DE Xtrackers USD Corporate Bond SRI PAB 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
With a correlation of 0.93, XZBU.DE and IBCD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XZBU.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZBU.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for IBCD.DE.
XZBU.DE tracks Bloomberg US Corp Bond TR USD, while IBCD.DE tracks iBoxx® USD Liquid Investment Grade. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.16% for XZBU.DE and 0.20% for IBCD.DE.
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