EIB5.DE vs. IBCA.DE
EIB5.DE (Invesco Euro Government Bond 3-5 Year UCITS ETF Dist) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds - EIB5.DE tracks the Bloomberg Euro Government Select 3-5 while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 5 years, EIB5.DE returned -0.40%/yr vs 0.84%/yr for IBCA.DE. Their correlation of 0.81 suggests significant overlap in exposure. EIB5.DE charges 0.10%/yr vs 0.15%/yr for IBCA.DE.
Performance
EIB5.DE vs. IBCA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIB5.DE achieves a -0.71% return, which is significantly lower than IBCA.DE's 0.25% return.
EIB5.DE
- 1D
- -0.06%
- 1M
- -0.61%
- 6M
- -0.87%
- YTD
- -0.71%
- 1Y
- 0.23%
- 3Y*
- 2.75%
- 5Y*
- -0.40%
- 10Y*
- —
IBCA.DE
- 1D
- -0.01%
- 1M
- -0.09%
- 6M
- 0.11%
- YTD
- 0.25%
- 1Y
- 0.88%
- 3Y*
- 2.72%
- 5Y*
- 0.84%
- 10Y*
- 0.37%
EIB5.DE vs. IBCA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | -0.71% | 2.92% | 2.22% | 5.31% | -10.04% | -1.25% | 1.21% | -1.13% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.25% | 2.32% | 3.06% | 3.49% | -4.26% | -0.84% | -0.15% | -0.42% |
Correlation
The correlation between EIB5.DE and IBCA.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.81 |
Over the past year, the correlation between EIB5.DE and IBCA.DE has dropped to 0.46 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
EIB5.DE vs. IBCA.DE — Risk / Return Rank
EIB5.DE
IBCA.DE
EIB5.DE vs. IBCA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.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.
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.
| EIB5.DE | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.13 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.77 | -0.68 |
| Martin ratioReturn relative to average drawdown | 0.21 | 2.37 | -2.17 |
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Drawdowns
EIB5.DE vs. IBCA.DE - Drawdown Comparison
The maximum EIB5.DE drawdown since its inception was -12.19%, 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 EIB5.DE and IBCA.DE.
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Drawdown Indicators
| EIB5.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.19% | -8.31% | -3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -1.14% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -2.54% | -1.14% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | -5.21% | -6.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.31% | — |
Current DrawdownCurrent decline from peak | -2.50% | -0.37% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -0.84% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.37% | +0.72% |
Volatility
EIB5.DE vs. IBCA.DE - Volatility Comparison
Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) has a higher volatility of 1.39% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.34%. This indicates that EIB5.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
| EIB5.DE | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.34% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 1.31% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.40% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 1.56% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 3.81% | -0.37% |
EIB5.DE vs. IBCA.DE - Expense Ratio Comparison
EIB5.DE has a 0.10% 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
EIB5.DE vs. IBCA.DE - Dividend Comparison
EIB5.DE's dividend yield for the trailing twelve months is around 2.49%, more than IBCA.DE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist | 2.49% | 2.50% | 2.73% | 1.95% | 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
EIB5.DE and IBCA.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB5.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for IBCA.DE.
EIB5.DE tracks Bloomberg Euro Government Select 3-5, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for EIB5.DE and 0.15% for IBCA.DE.
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