DBXP.DE vs. IBCN.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) and iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE).

DBXP.DE and IBCN.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBXP.DE is a passively managed fund by Xtrackers that tracks the performance of the iBoxx® EUR Eurozone 1-3. It was launched on May 25, 2007. IBCN.DE is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Government Bond 5. It was launched on Dec 8, 2006. Both DBXP.DE and IBCN.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DBXP.DE vs. IBCN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) and iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE). The values are adjusted to include any dividend payments, if applicable.

DBXP.DE vs. IBCN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF	-0.35%	2.21%	2.99%	3.41%	-4.59%	-0.85%	-0.18%	0.17%	-0.37%	-0.45%
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF	-0.52%	2.24%	2.15%	5.23%	-10.13%	-1.37%	1.01%	1.69%	0.69%	0.45%

Returns By Period

In the year-to-date period, DBXP.DE achieves a -0.35% return, which is significantly higher than IBCN.DE's -0.52% return. Over the past 10 years, DBXP.DE has outperformed IBCN.DE with an annualized return of 0.19%, while IBCN.DE has yielded a comparatively lower 0.13% annualized return.

DBXP.DE

• 1D: 0.11%
• 1M: -0.77%
• YTD: -0.35%
• 6M: 0.06%
• 1Y: 1.14%
• 3Y*: 2.50%
• 5Y*: 0.56%
• 10Y*: 0.19%

IBCN.DE

• 1D: 0.11%
• 1M: -1.61%
• YTD: -0.52%
• 6M: -0.39%
• 1Y: 1.04%
• 3Y*: 2.52%
• 5Y*: -0.56%
• 10Y*: 0.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBXP.DE vs. IBCN.DE - Expense Ratio Comparison

Both DBXP.DE and IBCN.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%.

DBXP.DE

Xtrackers Eurozone Government Bond 1-3 UCITS ETF

IBCN.DE

iShares Euro Government Bond 3-5yr UCITS ETF

Return for Risk

DBXP.DE vs. IBCN.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBXP.DE

DBXP.DE Risk / Return Rank: 48
DBXP.DE Sharpe Ratio Rank: 58
DBXP.DE Sortino Ratio Rank: 54
DBXP.DE Omega Ratio Rank: 52
DBXP.DE Calmar Ratio Rank: 33
DBXP.DE Martin Ratio Rank: 41

IBCN.DE

IBCN.DE Risk / Return Rank: 22
IBCN.DE Sharpe Ratio Rank: 25
IBCN.DE Sortino Ratio Rank: 21
IBCN.DE Omega Ratio Rank: 21
IBCN.DE Calmar Ratio Rank: 20
IBCN.DE Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBXP.DE vs. IBCN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) and iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.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.

	DBXP.DE	IBCN.DE	Difference
Sharpe ratio Return per unit of total volatility	1.10	0.47	+0.62
Sortino ratio Return per unit of downside risk	1.49	0.64	+0.86
Omega ratio Gain probability vs. loss probability	1.21	1.09	+0.12
Calmar ratio Return relative to maximum drawdown	0.93	0.46	+0.48
Martin ratio Return relative to average drawdown	4.25	1.94	+2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBXP.DE vs. IBCN.DE - Sharpe Ratio Comparison

The current DBXP.DE Sharpe Ratio is 1.10, which is higher than the IBCN.DE Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of DBXP.DE and IBCN.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DBXP.DE	IBCN.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	0.47	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	-0.16	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.04	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.45	+0.11

Correlation

The correlation between DBXP.DE and IBCN.DE is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DBXP.DE vs. IBCN.DE - Dividend Comparison

DBXP.DE has not paid dividends to shareholders, while IBCN.DE's dividend yield for the trailing twelve months is around 2.52%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF	2.52%	2.51%	2.61%	0.80%	0.00%	0.00%	0.00%	0.07%	0.12%	0.08%	0.13%	0.61%

Drawdowns

DBXP.DE vs. IBCN.DE - Drawdown Comparison

The maximum DBXP.DE drawdown since its inception was -6.77%, smaller than the maximum IBCN.DE drawdown of -12.52%. Use the drawdown chart below to compare losses from any high point for DBXP.DE and IBCN.DE.

Drawdown Indicators

	DBXP.DE	IBCN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-6.77%	-12.52%	+5.75%
Max Drawdown (1Y) Largest decline over 1 year	-1.24%	-2.41%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-5.69%	-12.15%	+6.46%
Max Drawdown (10Y) Largest decline over 10 years	-6.77%	-12.52%	+5.75%
Current Drawdown Current decline from peak	-0.94%	-3.48%	+2.54%
Average Drawdown Average peak-to-trough decline	-1.00%	-2.32%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.57%	-0.30%

Volatility

DBXP.DE vs. IBCN.DE - Volatility Comparison

The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) is 0.58%, while iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) has a volatility of 1.18%. This indicates that DBXP.DE experiences smaller price fluctuations and is considered to be less risky than IBCN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBXP.DE	IBCN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	1.18%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	0.74%	1.53%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	1.03%	2.20%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.61%	3.55%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.78%	2.91%	-1.13%