EXVM.DE vs. IBCL.DE
EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) and IBCL.DE (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) are both Government Bonds funds from iShares - EXVM.DE tracks the eb.rexx Government Germany 0-1 Index while IBCL.DE tracks the Bloomberg Euro Government Bond 15-30 Year Index. Both are passively managed. Over the past 10 years, EXVM.DE returned 0.30%/yr vs -2.67%/yr for IBCL.DE. At a 0.13 correlation, their price movements are largely independent. EXVM.DE charges 0.13%/yr vs 0.15%/yr for IBCL.DE.
Performance
EXVM.DE vs. IBCL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXVM.DE achieves a 0.82% return, which is significantly higher than IBCL.DE's -1.15% return. Over the past 10 years, EXVM.DE has outperformed IBCL.DE with an annualized return of 0.30%, while IBCL.DE has yielded a comparatively lower -2.67% annualized return.
EXVM.DE
- 1D
- -0.03%
- 1M
- 0.16%
- 6M
- 0.84%
- YTD
- 0.82%
- 1Y
- 1.67%
- 3Y*
- 2.59%
- 5Y*
- 1.44%
- 10Y*
- 0.30%
IBCL.DE
- 1D
- 0.25%
- 1M
- -2.80%
- 6M
- -2.31%
- YTD
- -1.15%
- 1Y
- -2.15%
- 3Y*
- -0.84%
- 5Y*
- -8.15%
- 10Y*
- -2.67%
EXVM.DE vs. IBCL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.82% | 2.06% | 3.37% | 2.36% | -1.00% | -0.83% | -0.79% | -0.80% | -0.84% | -0.97% |
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | -1.15% | -5.38% | -0.90% | 9.73% | -34.35% | -6.57% | 11.60% | 15.55% | 3.25% | -1.49% |
Correlation
The correlation between EXVM.DE and IBCL.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2008 | 0.13 |
The correlation between EXVM.DE and IBCL.DE shifts across timeframes, from 0.13 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXVM.DE vs. IBCL.DE — Risk / Return Rank
EXVM.DE
IBCL.DE
EXVM.DE vs. IBCL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) and iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.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.
| EXVM.DE | IBCL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.35 | ||
| Sortino ratioReturn per unit of downside risk | +5.46 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 0.97 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 14.11 | -0.35 | +14.46 |
| Martin ratioReturn relative to average drawdown | 54.31 | -0.70 | +55.01 |
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Drawdowns
EXVM.DE vs. IBCL.DE - Drawdown Comparison
The maximum EXVM.DE drawdown since its inception was -6.33%, smaller than the maximum IBCL.DE drawdown of -43.80%. Use the drawdown chart below to compare losses from any high point for EXVM.DE and IBCL.DE.
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Drawdown Indicators
| EXVM.DE | IBCL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.33% | -43.80% | +37.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -6.13% | +6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.13% | -11.97% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -1.61% | -42.19% | +40.58% |
Max Drawdown (10Y)Largest decline over 10 years | -5.60% | -43.80% | +38.20% |
Current DrawdownCurrent decline from peak | -0.03% | -38.14% | +38.11% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -12.56% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 3.06% | -3.03% |
Volatility
EXVM.DE vs. IBCL.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) is 0.12%, while iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) has a volatility of 2.55%. This indicates that EXVM.DE experiences smaller price fluctuations and is considered to be less risky than IBCL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXVM.DE | IBCL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 2.55% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 7.30% | -6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 9.24% | -8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.51% | 13.68% | -13.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.79% | 11.50% | -10.71% |
EXVM.DE vs. IBCL.DE - Expense Ratio Comparison
EXVM.DE has a 0.13% expense ratio, which is lower than IBCL.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EXVM.DE vs. IBCL.DE - Dividend Comparison
EXVM.DE's dividend yield for the trailing twelve months is around 1.06%, less than IBCL.DE's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 1.06% | 1.14% | 0.77% | 0.80% | 0.61% | 0.78% | 0.96% | 1.10% | 1.05% | 1.15% | 1.51% | 1.63% |
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 3.71% | 3.53% | 3.19% | 2.64% | 1.31% | 0.53% | 0.74% | 1.26% | 1.50% | 1.35% | 1.47% | 1.83% |
Frequently Asked Questions
EXVM.DE and IBCL.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXVM.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXVM.DE is cheaper with a 0.13% expense ratio, compared with 0.15% for IBCL.DE.
EXVM.DE tracks eb.rexx Government Germany 0-1 Index, while IBCL.DE tracks Bloomberg Euro Government Bond 15-30 Year Index. Their fees differ too: 0.13% for EXVM.DE and 0.15% for IBCL.DE.
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