EXHB.DE vs. IBCM.DE
EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds from iShares - EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5 while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, EXHB.DE returned -0.27%/yr vs -0.17%/yr for IBCM.DE. A 0.57 correlation means they provide meaningful diversification when combined. EXHB.DE charges 0.16%/yr vs 0.15%/yr for IBCM.DE.
Performance
EXHB.DE vs. IBCM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHB.DE achieves a 0.01% return, which is significantly lower than IBCM.DE's 0.27% return. Over the past 10 years, EXHB.DE has underperformed IBCM.DE with an annualized return of -0.27%, while IBCM.DE has yielded a comparatively higher -0.17% annualized return.
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.01%
- 6M
- -0.00%
- 1Y
- 0.43%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- -0.09%
- 1Y
- 0.13%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
EXHB.DE vs. IBCM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.01% | 1.65% | 2.56% | 2.58% | -5.04% | -0.96% | -0.80% | -0.87% | -0.54% | -1.07% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | 0.88% |
Correlation
The correlation between EXHB.DE and IBCM.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2007 | 0.57 |
The correlation between EXHB.DE and IBCM.DE shifts across timeframes, from 0.57 (all time) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHB.DE vs. IBCM.DE — Risk / Return Rank
EXHB.DE
IBCM.DE
EXHB.DE vs. IBCM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) and iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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.
| EXHB.DE | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.03 | +0.33 |
| Martin ratioReturn relative to average drawdown | 1.07 | 0.08 | +0.98 |
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
| EXHB.DE | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.03 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.31 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | -0.03 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.59 | -0.43 |
Drawdowns
EXHB.DE vs. IBCM.DE - Drawdown Comparison
The maximum EXHB.DE drawdown since its inception was -10.06%, smaller than the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for EXHB.DE and IBCM.DE.
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Drawdown Indicators
| EXHB.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -23.25% | +13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -4.08% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -4.53% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -6.45% | -22.90% | +16.45% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | -23.25% | +13.19% |
Current DrawdownCurrent decline from peak | -2.91% | -13.71% | +10.80% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -5.23% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.53% | -1.13% |
Volatility
EXHB.DE vs. IBCM.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) is 0.49%, while iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a volatility of 1.94%. This indicates that EXHB.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHB.DE | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.94% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 4.20% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 5.00% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 7.39% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 6.03% | -4.59% |
EXHB.DE vs. IBCM.DE - Expense Ratio Comparison
EXHB.DE has a 0.16% expense ratio, which is higher than IBCM.DE's 0.15% 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
EXHB.DE vs. IBCM.DE - Dividend Comparison
EXHB.DE's dividend yield for the trailing twelve months is around 1.39%, less than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.87% | 1.50% | 1.42% | 1.49% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
EXHB.DE and IBCM.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCM.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHB.DE.
EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5, while IBCM.DE tracks Bloomberg Euro Government Bond 10. Their fees differ too: 0.16% for EXHB.DE and 0.15% for IBCM.DE.
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