10AL.DE vs. IBCM.DE
10AL.DE (Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - 10AL.DE tracks the JP Morgan EMU Government Bond while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 5 years, 10AL.DE returned -2.19%/yr vs -2.34%/yr for IBCM.DE. Their correlation of 0.86 suggests significant overlap in exposure. 10AL.DE charges 0.14%/yr vs 0.15%/yr for IBCM.DE.
Performance
10AL.DE vs. IBCM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 10AL.DE achieves a 0.10% return, which is significantly lower than IBCM.DE's 0.27% return.
10AL.DE
- 1D
- 0.07%
- 1M
- 0.02%
- YTD
- 0.10%
- 6M
- 0.14%
- 1Y
- 0.27%
- 3Y*
- 2.33%
- 5Y*
- -2.19%
- 10Y*
- —
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
10AL.DE vs. IBCM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
10AL.DE Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist | 0.10% | 0.67% | 1.54% | 6.66% | -17.93% | -3.35% | 4.91% | 7.30% | 0.46% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.50% |
Correlation
The correlation between 10AL.DE and IBCM.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.87 |
The correlation between 10AL.DE and IBCM.DE shifts across timeframes, from 0.86 (all time) to 0.98 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
10AL.DE vs. IBCM.DE — Risk / Return Rank
10AL.DE
IBCM.DE
10AL.DE vs. IBCM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist (10AL.DE) and iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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.
| 10AL.DE | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.03 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.07 | 0.08 | -0.15 |
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
| 10AL.DE | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.03 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.31 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.59 | -0.63 |
Drawdowns
10AL.DE vs. IBCM.DE - Drawdown Comparison
The maximum 10AL.DE drawdown since its inception was -22.08%, smaller than the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for 10AL.DE and IBCM.DE.
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Drawdown Indicators
| 10AL.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -23.25% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -4.08% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.53% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.09% | -22.90% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.25% | — |
Current DrawdownCurrent decline from peak | -13.80% | -13.71% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -5.23% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.53% | -0.19% |
Volatility
10AL.DE vs. IBCM.DE - Volatility Comparison
The current volatility for Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist (10AL.DE) is 1.70%, while iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a volatility of 1.94%. This indicates that 10AL.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 10AL.DE | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.94% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 4.20% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 5.00% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 7.39% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 6.03% | -0.52% |
10AL.DE vs. IBCM.DE - Expense Ratio Comparison
10AL.DE has a 0.14% expense ratio, which is lower than IBCM.DE's 0.15% 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
10AL.DE vs. IBCM.DE - Dividend Comparison
10AL.DE's dividend yield for the trailing twelve months is around 2.66%, less than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
10AL.DE Amundi Index J.P. Morgan EMU Government Investment Grade UCITS ETF EUR Dist | 2.66% | 2.66% | 2.02% | 1.85% | 2.21% | 1.81% | 1.89% | 2.10% | 1.67% | 0.00% | 0.00% | 0.00% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
With a correlation of 0.94, 10AL.DE and IBCM.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, 10AL.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
10AL.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for IBCM.DE.
10AL.DE tracks JP Morgan EMU Government Bond, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for 10AL.DE and 0.15% for IBCM.DE.
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