EXHD.DE vs. IBCM.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds from iShares - EXHD.DE tracks the eb.rexx® Government Germany 5.5-10.5 while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, EXHD.DE returned -1.06%/yr vs -0.17%/yr for IBCM.DE. Their correlation of 0.81 suggests significant overlap in exposure. EXHD.DE charges 0.16%/yr vs 0.15%/yr for IBCM.DE.
Performance
EXHD.DE vs. IBCM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than IBCM.DE's 0.27% return. Over the past 10 years, EXHD.DE has underperformed IBCM.DE with an annualized return of -1.06%, while IBCM.DE has yielded a comparatively higher -0.17% annualized return.
EXHD.DE
- 1D
- 0.17%
- 1M
- -0.45%
- YTD
- -0.51%
- 6M
- -0.74%
- 1Y
- -0.85%
- 3Y*
- 1.05%
- 5Y*
- -2.82%
- 10Y*
- -1.06%
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
EXHD.DE vs. IBCM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | -0.51% | -0.38% | -0.04% | 6.26% | -17.27% | -2.39% | 2.08% | 2.53% | 2.35% | -1.12% |
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 EXHD.DE and IBCM.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2007 | 0.81 |
The correlation between EXHD.DE and IBCM.DE shifts across timeframes, from 0.81 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHD.DE vs. IBCM.DE — Risk / Return Rank
EXHD.DE
IBCM.DE
EXHD.DE vs. IBCM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.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.
| EXHD.DE | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 0.03 | -0.38 |
| Martin ratioReturn relative to average drawdown | -0.91 | 0.08 | -0.99 |
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
| EXHD.DE | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 0.03 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | -0.31 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | -0.03 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.59 | -0.25 |
Drawdowns
EXHD.DE vs. IBCM.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, roughly equal to the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and IBCM.DE.
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Drawdown Indicators
| EXHD.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -23.25% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -4.08% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -4.53% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -22.90% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -23.25% | +0.84% |
Current DrawdownCurrent decline from peak | -17.09% | -13.71% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -5.23% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.53% | -0.05% |
Volatility
EXHD.DE vs. IBCM.DE - Volatility Comparison
iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) and iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) have volatilities of 1.99% and 1.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHD.DE | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.94% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 4.20% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 5.00% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 7.39% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 6.03% | -0.87% |
EXHD.DE vs. IBCM.DE - Expense Ratio Comparison
EXHD.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
EXHD.DE vs. IBCM.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, less than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | 1.37% | 1.73% | 1.44% | 0.88% | 1.26% | 1.35% | 1.01% | 0.96% | 1.00% | 1.26% | 1.40% | 1.77% |
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
With a correlation of 0.91, EXHD.DE and IBCM.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, 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 EXHD.DE.
EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, while IBCM.DE tracks Bloomberg Euro Government Bond 10. Their fees differ too: 0.16% for EXHD.DE and 0.15% for IBCM.DE.
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