iShares € Covered Bond UCITS ETF

iShares € Covered Bond UCITS ETF

About

iShares € Covered Bond UCITS ETF (IE00B3B8Q275) is a UCITS-compliant bond ETF tracking the Markit iBoxx Euro Covered Bond Index. With a TER of 0.2%, it is competitively priced, distributing dividends. The fund holds 1,149 positions across 27 regions with 1.6B in assets, with heavy concentration — 51% in corporate bonds.

ISIN
Fund Size €1.6B
Issuer iShares
Distribution Pays Dividends
Replication Physical
Inception Aug 2008
Base Currency EUR
Index Markit iBoxx Euro Covered Bond Index
Asset Class Bonds
Category Covered Bond

Costs

8.4
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%
TD Consistency0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

8.0
This fund spreads its investments across 1,149 individual holdings, providing broad diversification.
#1
USD CASH
0.04%
#2
Programa Cedulas TDA Fondo de Titulizacion de Activos
0.00%
#3
Toronto-Dominion Bank/The
0.00%
#4
CaixaBank SA
0.00%
#5
Bank of Nova Scotia/The
0.00%
#6
Banco Santander SA
0.00%
#7
ING Bank NV
0.00%
#8
Caisse de Refinancement de l'Habitat SA
0.00%
#9
ING Bank NV
0.00%
#10
TORONTO-DOMINION BANK/THE RegS
0.00%

Sectors

4.5
This fund is concentrated in just a few of its 4 sectors, reducing diversification.

Regions

5.0
This fund is concentrated in just 28 countries, with significant geographic concentration.

Nerd Stuff

Advanced risk and return metrics (2023-06-04 — 2026-05-29).
2.0%
Volatility
-2.6%
Max Drawdown
-0.72
Sharpe Ratio
-0.98
Sortino Ratio
-0.56
Calmar Ratio
0.00
Beta
-0.80%
Alpha (Jensen's)
0.000
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
flatex
Trade
€5.90
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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