EIB3.DE vs. D5BC.DE
EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - EIB3.DE tracks the Bloomberg Euro Government Select 1-3 while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 5 years, EIB3.DE returned 0.63%/yr vs 0.22%/yr for D5BC.DE. Their correlation of 0.81 suggests significant overlap in exposure. EIB3.DE charges 0.10%/yr vs 0.15%/yr for D5BC.DE.
Performance
EIB3.DE vs. D5BC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIB3.DE achieves a 0.19% return, which is significantly higher than D5BC.DE's 0.01% return.
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.27%
- YTD
- 0.19%
- 6M
- 0.55%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
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%
EIB3.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
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% | -0.85% |
Correlation
The correlation between EIB3.DE and D5BC.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.81 |
Over the past year, the correlation between EIB3.DE and D5BC.DE has dropped to 0.61 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
EIB3.DE vs. D5BC.DE — Risk / Return Rank
EIB3.DE
D5BC.DE
EIB3.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.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.
| EIB3.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.09 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.46 | +0.04 |
| Martin ratioReturn relative to average drawdown | 1.50 | 1.39 | +0.11 |
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
| EIB3.DE | D5BC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.45 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.14 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.14 | +0.03 |
Drawdowns
EIB3.DE vs. D5BC.DE - Drawdown Comparison
The maximum EIB3.DE drawdown since its inception was -6.78%, smaller than the maximum D5BC.DE drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for EIB3.DE and D5BC.DE.
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Drawdown Indicators
| EIB3.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -9.22% | +2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -1.08% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -1.08% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -5.91% | -6.12% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.22% | — |
Current DrawdownCurrent decline from peak | -0.68% | -2.33% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -2.32% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.36% | +0.18% |
Volatility
EIB3.DE vs. D5BC.DE - Volatility Comparison
Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) has a higher volatility of 1.50% compared to Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) at 0.42%. This indicates that EIB3.DE's price experiences larger fluctuations and is considered to be riskier than D5BC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIB3.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 0.42% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 1.01% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 1.11% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 1.57% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.89% | 1.21% | +0.68% |
EIB3.DE vs. D5BC.DE - Expense Ratio Comparison
EIB3.DE has a 0.10% expense ratio, which is lower than D5BC.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
EIB3.DE vs. D5BC.DE - Dividend Comparison
EIB3.DE's dividend yield for the trailing twelve months is around 2.41%, more than D5BC.DE's 1.26% 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% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EIB3.DE and D5BC.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for D5BC.DE.
EIB3.DE tracks Bloomberg Euro Government Select 1-3, while D5BC.DE tracks iBoxx® EUR Germany 1-3. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.10% for EIB3.DE and 0.15% for D5BC.DE.
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