EIBX.DE vs. SECD.DE
EIBX.DE (Invesco Euro Government Bond 7-10 Year UCITS ETF Dist) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - EIBX.DE tracks the Bloomberg Euro Government Select 7-10 while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, EIBX.DE returned -2.58%/yr vs -2.52%/yr for SECD.DE. Their correlation of 0.90 suggests significant overlap in exposure. EIBX.DE charges 0.10%/yr vs 0.09%/yr for SECD.DE.
Performance
EIBX.DE vs. SECD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIBX.DE achieves a -0.37% return, which is significantly lower than SECD.DE's -0.33% return.
EIBX.DE
- 1D
- -0.22%
- 1M
- -1.00%
- 6M
- -0.77%
- YTD
- -0.37%
- 1Y
- 0.77%
- 3Y*
- 2.77%
- 5Y*
- -2.58%
- 10Y*
- —
SECD.DE
- 1D
- 0.00%
- 1M
- -0.98%
- 6M
- -0.57%
- YTD
- -0.33%
- 1Y
- 0.49%
- 3Y*
- 2.29%
- 5Y*
- -2.52%
- 10Y*
- —
EIBX.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | -0.37% | 1.88% | 0.91% | 8.83% | -19.82% | -2.95% | 1.36% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | -0.33% | 0.66% | 1.63% | 7.05% | -18.20% | -3.36% | 1.22% |
Correlation
The correlation between EIBX.DE and SECD.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.90 |
Over the past year, the correlation between EIBX.DE and SECD.DE has dropped to 0.63 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
EIBX.DE vs. SECD.DE — Risk / Return Rank
EIBX.DE
SECD.DE
EIBX.DE vs. SECD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.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.
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.
| EIBX.DE | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.14 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.48 | 0.37 | +0.11 |
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Drawdowns
EIBX.DE vs. SECD.DE - Drawdown Comparison
The maximum EIBX.DE drawdown since its inception was -23.08%, roughly equal to the maximum SECD.DE drawdown of -22.08%. Use the drawdown chart below to compare losses from any high point for EIBX.DE and SECD.DE.
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Drawdown Indicators
| EIBX.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.08% | -22.08% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -3.38% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -3.92% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -21.15% | -1.63% |
Current DrawdownCurrent decline from peak | -13.63% | -14.05% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -12.68% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.32% | +0.29% |
Volatility
EIBX.DE vs. SECD.DE - Volatility Comparison
Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) has a higher volatility of 1.56% compared to iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) at 1.00%. This indicates that EIBX.DE's price experiences larger fluctuations and is considered to be riskier 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
| EIBX.DE | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.00% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.05% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 4.82% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 6.50% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 6.19% | +0.37% |
EIBX.DE vs. SECD.DE - Expense Ratio Comparison
EIBX.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
EIBX.DE vs. SECD.DE - Dividend Comparison
EIBX.DE's dividend yield for the trailing twelve months is around 3.00%, more than SECD.DE's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | 3.00% | 2.89% | 2.87% | 2.43% | 0.12% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.72% | 2.59% | 2.30% | 1.17% | 0.00% |
Frequently Asked Questions
EIBX.DE and SECD.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 EIBX.DE.
EIBX.DE tracks Bloomberg Euro Government Select 7-10, 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 EIBX.DE and 0.09% for SECD.DE.
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