CE71.L vs. IB01.L
CE71.L (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both exchange-traded funds - CE71.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, CE71.L returned -0.59%/yr vs 4.49%/yr for IB01.L. At a 0.24 correlation, their price movements are largely independent. CE71.L charges 0.15%/yr vs 0.07%/yr for IB01.L.
Performance
CE71.L vs. IB01.L - Performance Comparison
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Different Trading Currencies
CE71.L is traded in GBp, while IB01.L is traded in USD. To make them comparable, the IB01.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CE71.L achieves a -1.29% return, which is significantly lower than IB01.L's 1.79% return.
CE71.L
- 1D
- -0.27%
- 1M
- 0.37%
- YTD
- -1.29%
- 6M
- -1.45%
- 1Y
- 2.86%
- 3Y*
- 2.87%
- 5Y*
- -0.59%
- 10Y*
- 1.34%
IB01.L
- 1D
- 0.00%
- 1M
- 1.13%
- YTD
- 1.79%
- 6M
- 0.98%
- 1Y
- 4.92%
- 3Y*
- 2.08%
- 5Y*
- 4.49%
- 10Y*
- —
CE71.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CE71.L iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -1.29% | 7.79% | -2.51% | 3.91% | -7.07% | -8.68% | 8.08% | -0.86% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.79% | -3.10% | 7.09% | -0.32% | 13.10% | 0.95% | -2.08% | 0.41% |
Correlation
The correlation between CE71.L and IB01.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.24 |
The correlation between CE71.L and IB01.L shifts across timeframes, from 0.09 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CE71.L vs. IB01.L — Risk / Return Rank
CE71.L
IB01.L
CE71.L vs. IB01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L). 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.
| CE71.L | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.95 | -0.27 |
| Martin ratioReturn relative to average drawdown | 1.62 | 2.58 | -0.96 |
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
| CE71.L | IB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.74 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.53 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.26 | -0.08 |
Drawdowns
CE71.L vs. IB01.L - Drawdown Comparison
The maximum CE71.L drawdown since its inception was -19.41%, roughly equal to the maximum IB01.L drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for CE71.L and IB01.L.
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Drawdown Indicators
| CE71.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.41% | -19.26% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -5.16% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | -9.81% | +4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -15.94% | +1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -19.41% | — | — |
Current DrawdownCurrent decline from peak | -9.97% | -6.11% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -9.35% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.90% | -0.14% |
Volatility
CE71.L vs. IB01.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) is 1.52%, while iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) has a volatility of 1.81%. This indicates that CE71.L experiences smaller price fluctuations and is considered to be less risky than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE71.L | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.81% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 4.97% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 6.60% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 8.47% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 8.81% | +0.44% |
CE71.L vs. IB01.L - Expense Ratio Comparison
CE71.L has a 0.15% expense ratio, which is higher than IB01.L'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
CE71.L vs. IB01.L - Dividend Comparison
Neither CE71.L nor IB01.L has paid dividends to shareholders.
Frequently Asked Questions
CE71.L and IB01.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.15% for CE71.L.
CE71.L is categorized as European Government Bonds, while IB01.L is Government Bonds. CE71.L tracks Bloomberg Euro Agg Govt TR EUR, while IB01.L tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.15% for CE71.L and 0.07% for IB01.L.
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