EIB3.DE vs. IBCM.DE
EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - EIB3.DE tracks the Bloomberg Euro Government Select 1-3 while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 5 years, EIB3.DE returned 0.63%/yr vs -2.34%/yr for IBCM.DE. Their correlation of 0.80 suggests significant overlap in exposure. EIB3.DE charges 0.10%/yr vs 0.15%/yr for IBCM.DE.
Performance
EIB3.DE vs. IBCM.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 lower than IBCM.DE's 0.27% 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*
- —
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- -0.09%
- 1Y
- 0.13%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
EIB3.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | -3.24% |
Correlation
The correlation between EIB3.DE and IBCM.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.80 |
Over the past year, the correlation between EIB3.DE and IBCM.DE has dropped to 0.56 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
EIB3.DE vs. IBCM.DE — Risk / Return Rank
EIB3.DE
IBCM.DE
EIB3.DE vs. IBCM.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 iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.03 | +0.47 |
| Martin ratioReturn relative to average drawdown | 1.50 | 0.08 | +1.41 |
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 | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.03 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | -0.31 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.59 | -0.42 |
Drawdowns
EIB3.DE vs. IBCM.DE - Drawdown Comparison
The maximum EIB3.DE drawdown since its inception was -6.78%, smaller than the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for EIB3.DE and IBCM.DE.
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Drawdown Indicators
| EIB3.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -23.25% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -4.08% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -4.53% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -5.91% | -22.90% | +16.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.25% | — |
Current DrawdownCurrent decline from peak | -0.68% | -13.71% | +13.03% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -5.23% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.53% | -0.99% |
Volatility
EIB3.DE vs. IBCM.DE - Volatility Comparison
The current volatility for Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) is 1.50%, while iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a volatility of 1.94%. This indicates that EIB3.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.94% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 4.20% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 5.00% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 7.39% | -5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.89% | 6.03% | -4.14% |
EIB3.DE vs. IBCM.DE - Expense Ratio Comparison
EIB3.DE has a 0.10% expense ratio, which is lower than IBCM.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. IBCM.DE - Dividend Comparison
EIB3.DE's dividend yield for the trailing twelve months is around 2.41%, less than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
EIB3.DE and IBCM.DE have a correlation of 0.56, 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 IBCM.DE.
EIB3.DE tracks Bloomberg Euro Government Select 1-3, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for EIB3.DE and 0.15% for IBCM.DE.
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