EXHF.DE vs. SECD.DE
EXHF.DE (iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds from iShares - EXHF.DE tracks the iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5 while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, EXHF.DE returned -1.98%/yr vs -2.19%/yr for SECD.DE. With a 0.97 correlation, they move nearly in lockstep. EXHF.DE charges 0.15%/yr vs 0.09%/yr for SECD.DE.
Performance
EXHF.DE vs. SECD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHF.DE achieves a -0.61% return, which is significantly lower than SECD.DE's 0.13% return.
EXHF.DE
- 1D
- 0.03%
- 1M
- -0.63%
- YTD
- -0.61%
- 6M
- -0.60%
- 1Y
- 0.03%
- 3Y*
- 2.53%
- 5Y*
- -1.98%
- 10Y*
- -0.22%
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
EXHF.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | -0.61% | 1.93% | 1.59% | 7.50% | -17.55% | -2.72% | 0.93% |
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 EXHF.DE and SECD.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.97 |
The correlation between EXHF.DE and SECD.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
EXHF.DE vs. SECD.DE — Risk / Return Rank
EXHF.DE
SECD.DE
EXHF.DE vs. SECD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.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.
| EXHF.DE | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.01 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.02 | -0.27 |
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
| EXHF.DE | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -0.01 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.34 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.38 | +0.86 |
Drawdowns
EXHF.DE vs. SECD.DE - Drawdown Comparison
The maximum EXHF.DE drawdown since its inception was -20.75%, smaller than the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for EXHF.DE and SECD.DE.
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Drawdown Indicators
| EXHF.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.75% | -22.04% | +1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -3.41% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -3.96% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -21.21% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -20.75% | — | — |
Current DrawdownCurrent decline from peak | -11.58% | -13.67% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -12.64% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.33% | -0.03% |
Volatility
EXHF.DE vs. SECD.DE - Volatility Comparison
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) has a higher volatility of 1.96% compared to iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) at 1.78%. This indicates that EXHF.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
| EXHF.DE | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.78% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 3.63% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 4.34% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 6.28% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 6.02% | -0.98% |
EXHF.DE vs. SECD.DE - Expense Ratio Comparison
EXHF.DE has a 0.15% 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
EXHF.DE vs. SECD.DE - Dividend Comparison
EXHF.DE's dividend yield for the trailing twelve months is around 1.61%, less than SECD.DE's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | 1.61% | 1.74% | 1.03% | 0.51% | 0.63% | 0.62% | 0.66% | 0.75% | 0.75% | 1.51% | 1.87% | 2.45% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, EXHF.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 0.15% for EXHF.DE.
EXHF.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Their fees differ too: 0.15% for EXHF.DE and 0.09% for SECD.DE.
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