D5BE.DE vs. IBCC.DE
D5BE.DE (Xtrackers II US Treasuries 1-3 UCITS ETF (Dist)) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - D5BE.DE tracks the iBoxx USD Treasuries 1-3 Index while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, D5BE.DE returned 2.64%/yr vs 4.17%/yr for IBCC.DE. Their correlation of 0.94 suggests significant overlap in exposure. D5BE.DE charges 0.06%/yr vs 0.07%/yr for IBCC.DE.
Performance
D5BE.DE vs. IBCC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BE.DE achieves a 3.59% return, which is significantly lower than IBCC.DE's 4.60% return.
D5BE.DE
- 1D
- 0.08%
- 1M
- 1.73%
- 6M
- 3.42%
- YTD
- 3.59%
- 1Y
- 6.13%
- 3Y*
- 2.70%
- 5Y*
- 2.64%
- 10Y*
- 1.45%
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
D5BE.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 3.59% | -6.60% | 10.00% | 0.62% | 2.33% | 7.69% | -6.19% | 4.46% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
Correlation
The correlation between D5BE.DE and IBCC.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.94 |
The correlation between D5BE.DE and IBCC.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
D5BE.DE vs. IBCC.DE — Risk / Return Rank
D5BE.DE
IBCC.DE
D5BE.DE vs. IBCC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) and iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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.
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.
| D5BE.DE | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.10 | -0.36 |
| Martin ratioReturn relative to average drawdown | 4.31 | 4.78 | -0.46 |
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Drawdowns
D5BE.DE vs. IBCC.DE - Drawdown Comparison
The maximum D5BE.DE drawdown since its inception was -20.28%, which is greater than IBCC.DE's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for D5BE.DE and IBCC.DE.
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Drawdown Indicators
| D5BE.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.28% | -16.17% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.24% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -11.59% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -12.50% | -11.69% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -20.28% | — | — |
Current DrawdownCurrent decline from peak | -5.38% | -5.33% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -7.99% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.43% | -0.01% |
Volatility
D5BE.DE vs. IBCC.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) is 1.45%, while iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a volatility of 1.88%. This indicates that D5BE.DE experiences smaller price fluctuations and is considered to be less risky than IBCC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BE.DE | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.88% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 4.35% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 6.23% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 7.57% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 8.43% | +0.53% |
D5BE.DE vs. IBCC.DE - Expense Ratio Comparison
D5BE.DE has a 0.06% expense ratio, which is lower than IBCC.DE's 0.07% 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
D5BE.DE vs. IBCC.DE - Dividend Comparison
D5BE.DE's dividend yield for the trailing twelve months is around 2.76%, less than IBCC.DE's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 2.76% | 2.89% | 2.24% | 1.84% | 1.00% | 2.74% | 2.66% | 1.16% | 0.93% | 0.78% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, D5BE.DE and IBCC.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, D5BE.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BE.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for IBCC.DE.
D5BE.DE tracks iBoxx USD Treasuries 1-3 Index, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for D5BE.DE and 0.07% for IBCC.DE.
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