D5BC.DE vs. IBCA.DE
D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds - D5BC.DE tracks the iBoxx® EUR Germany 1-3 while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 10 years, D5BC.DE returned -0.22%/yr vs 0.36%/yr for IBCA.DE. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
D5BC.DE vs. IBCA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, D5BC.DE achieves a 0.01% return, which is significantly lower than IBCA.DE's 0.16% return. Over the past 10 years, D5BC.DE has underperformed IBCA.DE with an annualized return of -0.22%, while IBCA.DE has yielded a comparatively higher 0.36% annualized return.
D5BC.DE
- 1D
- 0.03%
- 1M
- 0.22%
- YTD
- 0.01%
- 6M
- 0.06%
- 1Y
- 0.50%
- 3Y*
- 2.03%
- 5Y*
- 0.22%
- 10Y*
- -0.22%
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.16%
- 6M
- 0.27%
- 1Y
- 0.96%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
D5BC.DE vs. IBCA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.01% | 1.69% | 2.24% | 2.60% | -4.78% | -0.95% | -0.76% | -0.89% | -0.01% | -1.07% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
Correlation
The correlation between D5BC.DE and IBCA.DE is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2010 | 0.45 |
Over the past year, D5BC.DE and IBCA.DE have become more correlated (0.80) than their long-term average of 0.45, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
D5BC.DE vs. IBCA.DE — Risk / Return Rank
D5BC.DE
IBCA.DE
D5BC.DE vs. IBCA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) and iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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.
| D5BC.DE | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.15 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.84 | -0.38 |
| Martin ratioReturn relative to average drawdown | 1.39 | 2.70 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| D5BC.DE | IBCA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.71 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.52 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.09 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.25 | -0.11 |
Drawdowns
D5BC.DE vs. IBCA.DE - Drawdown Comparison
The maximum D5BC.DE drawdown since its inception was -9.22%, which is greater than IBCA.DE's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for D5BC.DE and IBCA.DE.
Loading charts...
Drawdown Indicators
| D5BC.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.22% | -8.31% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.08% | -1.14% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -1.14% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -5.21% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -9.22% | -8.31% | -0.91% |
Current DrawdownCurrent decline from peak | -2.33% | -0.45% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -1.03% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.36% | 0.00% |
Volatility
D5BC.DE vs. IBCA.DE - Volatility Comparison
The current volatility for Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) is 0.42%, while iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) has a volatility of 0.64%. This indicates that D5BC.DE experiences smaller price fluctuations and is considered to be less risky than IBCA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| D5BC.DE | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.64% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 1.27% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 1.36% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 1.55% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.21% | 3.81% | -2.60% |
D5BC.DE vs. IBCA.DE - Expense Ratio Comparison
Both D5BC.DE and IBCA.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
D5BC.DE vs. IBCA.DE - Dividend Comparison
D5BC.DE's dividend yield for the trailing twelve months is around 1.26%, less than IBCA.DE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 1.05% | 0.35% | 0.62% | 1.27% | 0.76% | 0.00% | 0.00% | 0.47% | 0.00% | 0.46% | 0.54% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
Frequently Asked Questions
D5BC.DE and IBCA.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
D5BC.DE and IBCA.DE have the same expense ratio: 0.15% per year.
D5BC.DE tracks iBoxx® EUR Germany 1-3, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3. They also come from different issuers: Xtrackers and iShares.
Find the right allocation for D5BC.DE and IBCA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer