EIB3.DE vs. IS3M.DE
EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - EIB3.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Select 1-3, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, EIB3.DE returned 0.66%/yr vs 2.16%/yr for IS3M.DE. At a 0.07 correlation, their price movements are largely independent. EIB3.DE charges 0.10%/yr vs 0.09%/yr for IS3M.DE.
Performance
EIB3.DE vs. IS3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIB3.DE achieves a 0.14% return, which is significantly lower than IS3M.DE's 1.16% return.
EIB3.DE
- 1D
- 0.03%
- 1M
- -0.13%
- 6M
- 0.17%
- YTD
- 0.14%
- 1Y
- 0.87%
- 3Y*
- 2.75%
- 5Y*
- 0.66%
- 10Y*
- —
IS3M.DE
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 1.01%
- YTD
- 1.16%
- 1Y
- 2.14%
- 3Y*
- 3.28%
- 5Y*
- 2.16%
- 10Y*
- 1.03%
EIB3.DE vs. IS3M.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 | 0.14% | 2.28% | 3.03% | 3.41% | -4.93% | -0.78% | -0.13% | -0.45% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 1.16% | 2.60% | 4.13% | 3.42% | -0.29% | -0.36% | 0.09% | -0.03% |
Correlation
The correlation between EIB3.DE and IS3M.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.07 |
The correlation between EIB3.DE and IS3M.DE shifts across timeframes, from -0.14 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIB3.DE vs. IS3M.DE — Risk / Return Rank
EIB3.DE
IS3M.DE
EIB3.DE vs. IS3M.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 € Ultrashort Bond UCITS ETF (IS3M.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.
| EIB3.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.55 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 7.19 | -6.58 |
| Martin ratioReturn relative to average drawdown | 2.09 | 44.37 | -42.28 |
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Drawdowns
EIB3.DE vs. IS3M.DE - Drawdown Comparison
The maximum EIB3.DE drawdown since its inception was -6.78%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for EIB3.DE and IS3M.DE.
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Drawdown Indicators
| EIB3.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -3.80% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -0.30% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -1.43% | -0.47% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -5.91% | -1.13% | -4.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.03% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -0.28% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.05% | +0.36% |
Volatility
EIB3.DE vs. IS3M.DE - Volatility Comparison
Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) has a higher volatility of 0.81% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that EIB3.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.29% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 0.65% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 0.79% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 0.77% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.73% | 1.11% | +0.62% |
EIB3.DE vs. IS3M.DE - Expense Ratio Comparison
EIB3.DE has a 0.10% expense ratio, which is higher than IS3M.DE's 0.09% expense ratio. However, 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. IS3M.DE - Dividend Comparison
EIB3.DE's dividend yield for the trailing twelve months is around 2.34%, which matches IS3M.DE's 2.33% 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 | 2.34% | 2.51% | 2.80% | 2.24% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
EIB3.DE and IS3M.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for EIB3.DE.
EIB3.DE is categorized as European Government Bonds, while IS3M.DE is Ultrashort Bond. EIB3.DE tracks Bloomberg Euro Government Select 1-3, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for EIB3.DE and 0.09% for IS3M.DE.
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