EIB3.DE vs. OG35.DE

Last updated Jun 5, 2026

EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) and OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) are both European Government Bonds funds - EIB3.DE tracks the Bloomberg Euro Government Select 1-3 while OG35.DE tracks the ICE 3-5 Year Euro Government Carbon Reduction. Both are passively managed. Over the past 5 years, EIB3.DE returned 0.63%/yr vs -0.34%/yr for OG35.DE. A 0.78 correlation means they provide meaningful diversification when combined. EIB3.DE charges 0.10%/yr vs 0.17%/yr for OG35.DE.

Performance

EIB3.DE vs. OG35.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) and Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIB3.DE achieves a 0.19% return, which is significantly higher than OG35.DE's -0.13% 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*: —

OG35.DE

• 1D: 0.05%
• 1M: 0.36%
• YTD: -0.13%
• 6M: -0.13%
• 1Y: 0.41%
• 3Y*: 2.79%
• 5Y*: -0.34%
• 10Y*: —

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

EIB3.DE vs. OG35.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist	0.19%	2.14%	3.03%	3.39%	-4.93%	-0.76%	0.18%
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF	-0.13%	2.46%	2.13%	5.16%	-10.01%	-1.17%	1.17%

Correlation

The correlation between EIB3.DE and OG35.DE is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.78

Over the past year, the correlation between EIB3.DE and OG35.DE has dropped to 0.51 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

EIB3.DE vs. OG35.DE — Risk / Return Rank

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

EIB3.DE

EIB3.DE Risk / Return Rank: 14
EIB3.DE Sharpe Ratio Rank: 13
EIB3.DE Sortino Ratio Rank: 12
EIB3.DE Omega Ratio Rank: 13
EIB3.DE Calmar Ratio Rank: 15
EIB3.DE Martin Ratio Rank: 16

OG35.DE

OG35.DE Risk / Return Rank: 11
OG35.DE Sharpe Ratio Rank: 11
OG35.DE Sortino Ratio Rank: 10
OG35.DE Omega Ratio Rank: 10
OG35.DE Calmar Ratio Rank: 11
OG35.DE Martin Ratio Rank: 11

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.

EIB3.DE vs. OG35.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 Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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	OG35.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.26	0.15	+0.11
Sortino ratio: Return per unit of downside risk	0.39	0.23	+0.16
Omega ratio: Gain probability vs. loss probability	1.06	1.03	+0.03
Calmar ratio: Return relative to maximum drawdown	0.50	0.17	+0.34
Martin ratio: Return relative to average drawdown	1.50	0.48	+1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIB3.DE vs. OG35.DE - Sharpe Ratio Comparison

The current EIB3.DE Sharpe Ratio is 0.26, which is higher than the OG35.DE Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of EIB3.DE and OG35.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EIB3.DE	OG35.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	0.15	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	-0.08	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-0.05	+0.22

Drawdowns

EIB3.DE vs. OG35.DE - Drawdown Comparison

The maximum EIB3.DE drawdown since its inception was -6.78%, smaller than the maximum OG35.DE drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for EIB3.DE and OG35.DE.

Drawdown Indicators

	EIB3.DE	OG35.DE	Difference
Max Drawdown Largest peak-to-trough decline	-6.78%	-12.21%	+5.43%
Max Drawdown (1Y) Largest decline over 1 year	-1.60%	-2.41%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-1.60%	-2.41%	+0.81%
Max Drawdown (5Y) Largest decline over 5 years	-5.91%	-11.90%	+5.99%
Current Drawdown Current decline from peak	-0.68%	-2.66%	+1.98%
Average Drawdown Average peak-to-trough decline	-2.06%	-4.99%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.85%	-0.31%

Volatility

EIB3.DE vs. OG35.DE - Volatility Comparison

Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) has a higher volatility of 1.50% compared to Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) at 1.08%. This indicates that EIB3.DE's price experiences larger fluctuations and is considered to be riskier than OG35.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIB3.DE	OG35.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	1.08%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	2.47%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.11%	2.72%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.11%	3.97%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.89%	3.76%	-1.87%

EIB3.DE vs. OG35.DE - Expense Ratio Comparison

EIB3.DE has a 0.10% expense ratio, which is lower than OG35.DE's 0.17% 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. OG35.DE - Dividend Comparison

EIB3.DE's dividend yield for the trailing twelve months is around 2.41%, while OG35.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist	2.41%	2.51%	2.80%	2.24%	0.23%
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EIB3.DE and OG35.DE in my portfolio?

EIB3.DE and OG35.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EIB3.DE or OG35.DE?

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.

Which ETF is cheaper, EIB3.DE or OG35.DE?

EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.17% for OG35.DE.

What is the main difference between EIB3.DE and OG35.DE?

EIB3.DE tracks Bloomberg Euro Government Select 1-3, while OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction. They also come from different issuers: Invesco and Natixis. Their fees differ too: 0.10% for EIB3.DE and 0.17% for OG35.DE.