36BD.DE vs. IUSM.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both Government Bonds funds from iShares - 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped while IUSM.DE tracks the ICE US Treasury 7-10 Year. Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs -0.31%/yr for IUSM.DE. Their correlation of 0.83 suggests significant overlap in exposure. 36BD.DE charges 0.15%/yr vs 0.07%/yr for IUSM.DE.
Performance
36BD.DE vs. IUSM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly higher than IUSM.DE's 0.22% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
IUSM.DE
- 1D
- 0.13%
- 1M
- 0.27%
- YTD
- 0.22%
- 6M
- -0.59%
- 1Y
- 1.69%
- 3Y*
- -0.48%
- 5Y*
- -0.31%
- 10Y*
- 0.29%
36BD.DE vs. IUSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.22% | -4.06% | 5.00% | -0.24% | -9.67% | 5.88% |
Correlation
The correlation between 36BD.DE and IUSM.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.83 |
The correlation between 36BD.DE and IUSM.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
36BD.DE vs. IUSM.DE — Risk / Return Rank
36BD.DE
IUSM.DE
36BD.DE vs. IUSM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.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.
| 36BD.DE | IUSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.30 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.13 | 0.74 | +0.39 |
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
| 36BD.DE | IUSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.23 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.03 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.27 | -0.08 |
Drawdowns
36BD.DE vs. IUSM.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum IUSM.DE drawdown of -21.40%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and IUSM.DE.
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Drawdown Indicators
| 36BD.DE | IUSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -21.40% | +9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -4.45% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -10.86% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -15.69% | +3.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.40% | — |
Current DrawdownCurrent decline from peak | -6.13% | -17.38% | +11.25% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -10.30% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.79% | -0.24% |
Volatility
36BD.DE vs. IUSM.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) has a volatility of 1.14%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than IUSM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | IUSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.14% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 4.00% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 5.78% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 8.96% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 8.33% | -1.17% |
36BD.DE vs. IUSM.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is higher than IUSM.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BD.DE vs. IUSM.DE - Dividend Comparison
36BD.DE has not paid dividends to shareholders, while IUSM.DE's dividend yield for the trailing twelve months is around 3.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.72% | 3.73% | 3.65% | 2.91% | 1.93% | 0.96% | 1.53% | 2.24% | 2.07% | 1.83% | 1.66% | 1.84% |
Frequently Asked Questions
36BD.DE and IUSM.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSM.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for 36BD.DE.
36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while IUSM.DE tracks ICE US Treasury 7-10 Year. Their fees differ too: 0.15% for 36BD.DE and 0.07% for IUSM.DE.
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