- Issuer
- iShares
- Inception Date
- Dec 8, 2006
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Euro Government Bond 15-30 Year Index
- Domicile
- Ireland
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
IBCL.DE Performance Chart
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) is up 1.1% since the beginning of the year. IBCL.DE is currently trading at €163 per share. Investors who bought €1,000 worth of IBCL.DE shares 5 years ago would now be looking at an investment worth €682.
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Returns By Period
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) has returned 1.09% so far this year and -1.73% over the past 12 months. Over the last ten years, IBCL.DE has returned -2.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.23% annually.
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)
- 1D
- -0.28%
- 1M
- 1.11%
- 6M
- 1.89%
- YTD
- 1.09%
- 1Y
- -1.73%
- 3Y*
- 0.28%
- 5Y*
- -7.37%
- 10Y*
- -2.57%
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
IBCL.DE Monthly Returns History
Based on dividend-adjusted daily data since Apr 23, 2007, IBCL.DE's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 54% of months were positive and 46% were negative. The best month was Jul 2022 with a return of +8.7%, while the worst month was Dec 2022 at -10.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IBCL.DE closed higher 51% of trading days. The best single day was Oct 3, 2008 with a return of +5.2%, while the worst single day was Oct 10, 2008 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.92% | 3.25% | -4.22% | -0.03% | 1.70% | 0.82% | -1.18% | 1.09% | |||||
| 2025 | -1.01% | 1.01% | -5.41% | 3.54% | 0.01% | -1.07% | -0.65% | -2.49% | 1.42% | 1.95% | -0.59% | -1.92% | -5.38% |
| 2024 | -2.14% | -1.22% | 1.89% | -3.07% | -0.83% | -0.10% | 4.05% | -0.30% | 1.82% | -1.48% | 5.13% | -4.22% | -0.90% |
| 2023 | 4.76% | -5.12% | 4.24% | -0.91% | 0.08% | 1.55% | -1.95% | -0.23% | -7.15% | -0.43% | 7.31% | 8.36% | 9.73% |
| 2022 | -2.25% | -3.75% | -3.97% | -8.70% | -4.62% | -4.26% | 8.74% | -9.71% | -7.54% | -0.54% | 7.27% | -10.02% | -34.35% |
| 2021 | -1.20% | -4.21% | -0.28% | -2.40% | -0.15% | 1.10% | 4.17% | -1.14% | -2.60% | 0.43% | 2.87% | -3.04% | -6.57% |
Benchmark Metrics
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) has an annualized alpha of 4.24%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 23, 2007.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.24%) than losses (20.21%) - typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.24%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 21.24%
- Downside Capture
- 20.21%
Expense Ratio
IBCL.DE has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
IBCL.DE ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) and compare them to S&P 500 Index.
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.
| IBCL.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.35 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 3.18 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.58 | 11.76 | -12.35 |
Dividends
Dividend History
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) provided a 3.63% dividend yield over the last twelve months, with an annual payout of €5.92 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | €5.92 | €5.79 | €5.72 | €4.94 | €2.29 | €1.44 | €2.16 | €3.32 | €3.46 | €3.06 | €3.43 | €4.03 |
Dividend yield | 3.63% | 3.53% | 3.19% | 2.64% | 1.31% | 0.53% | 0.74% | 1.26% | 1.50% | 1.35% | 1.47% | 1.83% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | €0.00 | €0.00 | €0.00 | €0.00 | €2.96 | €0.00 | €0.00 | €2.96 | |||||
| 2025 | €0.00 | €0.00 | €0.00 | €0.00 | €2.83 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €2.96 | €0.00 | €5.79 |
| 2024 | €0.00 | €0.00 | €0.00 | €0.00 | €2.82 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €2.91 | €0.00 | €5.72 |
| 2023 | €0.00 | €0.00 | €0.00 | €0.00 | €2.30 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €2.64 | €0.00 | €4.94 |
| 2022 | €0.00 | €0.00 | €0.00 | €0.00 | €0.83 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €1.46 | €0.00 | €2.29 |
| 2021 | €0.00 | €0.00 | €0.00 | €0.00 | €0.74 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.70 | €0.00 | €1.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) was 43.80%, occurring on Oct 3, 2023. The portfolio has not yet recovered.
The current iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) drawdown is 36.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -43.80%Oct 2023 | 2y 9mo | — | 5y 6moDec 2020 - now |
2015 correction2015 | -16.59%Jul 2015 | 2mo 17d | 11mo 13d | 1y 1moApr 2015 - Jun 2016 |
2017 correction2017 | -15.27%Mar 2017 | 7mo 1d | 2y 2mo | 2y 9moAug 2016 - Jun 2019 |
2011 correction2011 | -14.61%Apr 2011 | 7mo 11d | 1y 1mo | 1y 8moAug 2010 - May 2012 |
COVID crash2020 | -11.17%Mar 2020 | 6d | 6mo 28d | 7mo 4dMar 2020 - Oct 2020 |
Drawdown Indicators
| IBCL.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.80% | -51.62% | +7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -7.57% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -11.97% | -23.99% | +12.02% |
Max Drawdown (5Y)Largest decline over 5 years | -42.19% | -23.99% | -18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -43.80% | -33.42% | -10.38% |
Current DrawdownCurrent decline from peak | -36.74% | -0.43% | -36.31% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -9.08% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.04% | +0.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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