IEAC: iShares Core € Corp Bond UCITS ETF (Dist) returns, drawdowns and risk
Funds on bonds issued by companies (investment grade and high yield), emerging market governments and US municipalities.
Data updated October 2026
IEAC · Borsa Italiana · EURCategory: Corporate, high yield and municipal bond ETFsData from January 2010
From January 2010 to October 2026 IEAC returned 0.2% a year on average with dividends reinvested, in euros: €10,000 invested at the start grew to €10,422.
Its deepest fall was 18.2%, from January 2021 to October 2022, and it has not yet returned to the previous high. Annual volatility was 4.2%; at the last close it was 13.6% below its high.
Against AGGH (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)), over the 87 months both have data, the correlation of monthly returns was 0.78: they usually moved together. Beta was 0.96. In months when AGGH rose, IEAC moved 85% as much on average; in months when AGGH fell, 103% as much.
Key figures
- Annual return (CAGR)
- +0.2%
- 1-year return
- −4.5%
- 5 years, a year
- −2.4%
- 10 years, a year
- −1.1%
- Annual volatility
- 4.2%
- Maximum drawdown
- −18.2%
- Sharpe ratio
- -0.04
- Worst year
- 2022: −14.3%
Trailing returns
| Period | IEAC | AGGH |
|---|---|---|
| 1 year | −4.5% | −2.6% |
| 3 years, a year | +1.4% | +2.9% |
| 5 years, a year | −2.4% | −1.6% |
| 10 years, a year | −1.1% | — |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of €10,000: IEAC vs AGGH
Month-end values from July 2019, the first month both funds have data.
IEAC drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | IEAC | AGGH |
|---|---|---|
| 2026(partial) | −4.1% | −2.1% |
| 2025 | +1.5% | +2.4% |
| 2024 | +0.8% | +1.7% |
| 2023 | +4.9% | +4.5% |
| 2022 | −14.3% | −13.4% |
| 2021 | −1.9% | −2.7% |
| 2020 | +1.7% | +3.9% |
| 2019 | +5.1% | +1.3% |
| 2018 | −2.5% | — |
| 2017 | +0.6% | — |
| 2016 | +2.9% | — |
| 2015 | −1.7% | — |
| 2014 | +5.9% | — |
| 2013 | −0.7% | — |
| 2012 | +10.1% | — |
| 2011 | −2.0% | — |
| 2010(partial) | −0.1% | — |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of IEAC?
From January 2010 to October 2026 IEAC returned 0.2% a year on average (CAGR) with dividends reinvested, in EUR. Over the last 5 years: −2.4% a year. Over the last 12 months: −4.5%.
What was the worst drawdown of IEAC?
18.2%, from January 2021 to October 2022; it has not yet returned to the previous high.
How volatile is IEAC?
Annual volatility was 4.2% over the period. Its worst month was −6.2% and 54% of months were positive. Worst calendar year: 2022 (−14.3%).
How closely does IEAC follow AGGH?
Over 87 months the correlation of monthly returns was 0.78, so they usually moved together, with a beta of 0.96.
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Other Corporate, high yield and municipal bond ETFs
- All Corporate, high yield and municipal bond ETFsReturns and risk side by side
- LQD — iShares iBoxx $ Investment Grade Corporate Bond ETFCAGR +3.9%
- HYG — iShares iBoxx $ High Yield Corporate Bond ETFCAGR +4.8%
- JNK — SPDR Bloomberg High Yield Bond ETFCAGR +15.1%
- VCIT — Vanguard Intermediate-Term Corporate Bond ETFCAGR +4.1%
- EMB — iShares J.P. Morgan USD Emerging Markets Bond ETFCAGR +4.4%
- MUB — iShares National Muni Bond ETFCAGR +2.9%
- VCSH — Vanguard Short-Term Corporate Bond ETFCAGR +2.8%
- IHYG — iShares € High Yield Corp Bond UCITS ETF (Dist)CAGR −0.6%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.