EIBB.DE vs. SECD.DE
EIBB.DE (Invesco Euro Government Bond UCITS ETF Dist) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - EIBB.DE tracks the Bloomberg Euro Treasury Majors Bond while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, EIBB.DE returned -2.28%/yr vs -2.19%/yr for SECD.DE. With a 0.99 correlation, they move nearly in lockstep. EIBB.DE charges 0.10%/yr vs 0.09%/yr for SECD.DE.
Performance
EIBB.DE vs. SECD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIBB.DE achieves a -0.32% return, which is significantly lower than SECD.DE's 0.13% return.
EIBB.DE
- 1D
- 0.00%
- 1M
- -0.01%
- YTD
- -0.32%
- 6M
- 0.02%
- 1Y
- 0.38%
- 3Y*
- 2.34%
- 5Y*
- -2.28%
- 10Y*
- —
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
EIBB.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | -0.32% | 1.15% | 1.43% | 6.77% | -18.35% | -3.27% | 1.08% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between EIBB.DE and SECD.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.99 |
The correlation between EIBB.DE and SECD.DE has been stable across timeframes, ranging from 0.92 to 0.99 - a consistent structural relationship.
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Return for Risk
EIBB.DE vs. SECD.DE — Risk / Return Rank
EIBB.DE
SECD.DE
EIBB.DE vs. SECD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond UCITS ETF Dist (EIBB.DE) and iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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.
| EIBB.DE | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.01 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.02 | 0.00 |
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
| EIBB.DE | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.01 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.34 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | -0.38 | +0.05 |
Drawdowns
EIBB.DE vs. SECD.DE - Drawdown Comparison
The maximum EIBB.DE drawdown since its inception was -22.55%, roughly equal to the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for EIBB.DE and SECD.DE.
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Drawdown Indicators
| EIBB.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -22.04% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.41% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.06% | -3.96% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -21.21% | -0.44% |
Current DrawdownCurrent decline from peak | -14.15% | -13.67% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -12.64% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.33% | -0.01% |
Volatility
EIBB.DE vs. SECD.DE - Volatility Comparison
The current volatility for Invesco Euro Government Bond UCITS ETF Dist (EIBB.DE) is 1.64%, while iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a volatility of 1.78%. This indicates that EIBB.DE experiences smaller price fluctuations and is considered to be less risky than SECD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBB.DE | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.78% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 3.63% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 4.34% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.28% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 6.02% | 0.00% |
EIBB.DE vs. SECD.DE - Expense Ratio Comparison
EIBB.DE has a 0.10% expense ratio, which is higher than SECD.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
EIBB.DE vs. SECD.DE - Dividend Comparison
EIBB.DE's dividend yield for the trailing twelve months is around 3.00%, more than SECD.DE's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | 3.00% | 2.95% | 2.88% | 1.56% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
Frequently Asked Questions
With a correlation of 0.92, EIBB.DE and SECD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for EIBB.DE.
EIBB.DE tracks Bloomberg Euro Treasury Majors Bond, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for EIBB.DE and 0.09% for SECD.DE.
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