DE5A.DE vs. IBCA.DE
DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds - DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 10 years, DE5A.DE returned -1.18%/yr vs 0.36%/yr for IBCA.DE. At a 0.46 correlation, their price movements are largely independent. DE5A.DE charges 0.14%/yr vs 0.15%/yr for IBCA.DE.
Performance
DE5A.DE vs. IBCA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DE5A.DE achieves a 0.27% return, which is significantly higher than IBCA.DE's 0.16% return. Over the past 10 years, DE5A.DE has underperformed IBCA.DE with an annualized return of -1.18%, while IBCA.DE has yielded a comparatively higher 0.36% annualized return.
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.09%
- YTD
- 0.16%
- 6M
- 0.30%
- 1Y
- 1.12%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
DE5A.DE vs. IBCA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
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 DE5A.DE and IBCA.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.46 |
Over the past year, DE5A.DE and IBCA.DE have become more correlated (0.73) than their long-term average of 0.46, meaning their price movements have been converging.
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Return for Risk
DE5A.DE vs. IBCA.DE — Risk / Return Rank
DE5A.DE
IBCA.DE
DE5A.DE vs. IBCA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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.
| DE5A.DE | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.15 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.84 | -1.10 |
| Martin ratioReturn relative to average drawdown | -0.58 | 2.70 | -3.28 |
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
| DE5A.DE | IBCA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.71 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.52 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | 0.09 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.25 | -0.02 |
Drawdowns
DE5A.DE vs. IBCA.DE - Drawdown Comparison
The maximum DE5A.DE drawdown since its inception was -24.92%, 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 DE5A.DE and IBCA.DE.
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Drawdown Indicators
| DE5A.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -8.31% | -16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -1.14% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -1.14% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -5.21% | -17.57% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | -8.31% | -16.61% |
Current DrawdownCurrent decline from peak | -19.43% | -0.45% | -18.98% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -1.03% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.36% | +1.06% |
Volatility
DE5A.DE vs. IBCA.DE - Volatility Comparison
Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) has a higher volatility of 1.71% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.64%. This indicates that DE5A.DE's price experiences larger fluctuations and is considered to be riskier than IBCA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DE5A.DE | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 0.64% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 1.27% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 1.36% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 1.55% | +4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 3.81% | +1.56% |
DE5A.DE vs. IBCA.DE - Expense Ratio Comparison
DE5A.DE has a 0.14% expense ratio, which is lower than IBCA.DE's 0.15% 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
DE5A.DE vs. IBCA.DE - Dividend Comparison
DE5A.DE has not paid dividends to shareholders, while IBCA.DE's dividend yield for the trailing twelve months is around 2.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
DE5A.DE and IBCA.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for IBCA.DE.
DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for DE5A.DE and 0.15% for IBCA.DE.
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