IBCA.DE vs. ^GSPC
IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) is European Government Bonds fund tracking the Bloomberg Euro Government Bond 1-3, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IBCA.DE returned 0.40%/yr vs 13.24%/yr for ^GSPC. At a 0.05 correlation, their price movements are largely independent.
Performance
IBCA.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IBCA.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCA.DE achieves a 0.27% return, which is significantly lower than ^GSPC's 10.23% return. Over the past 10 years, IBCA.DE has underperformed ^GSPC with an annualized return of 0.40%, while ^GSPC has yielded a comparatively higher 13.24% annualized return.
IBCA.DE
- 1D
- 0.11%
- 1M
- 0.38%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 1.04%
- 3Y*
- 2.75%
- 5Y*
- 0.83%
- 10Y*
- 0.40%
^GSPC
- 1D
- 0.58%
- 1M
- 1.09%
- YTD
- 10.23%
- 6M
- 10.46%
- 1Y
- 23.14%
- 3Y*
- 16.63%
- 5Y*
- 12.86%
- 10Y*
- 13.24%
IBCA.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.27% | 2.32% | 3.06% | 3.49% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
^GSPC S&P 500 Index | 10.23% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between IBCA.DE and ^GSPC is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007 | 0.05 |
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Return for Risk
IBCA.DE vs. ^GSPC — Risk / Return Rank
IBCA.DE
^GSPC
IBCA.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) and S&P 500 Index (^GSPC). 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.
| IBCA.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 3.07 | -2.16 |
| Martin ratioReturn relative to average drawdown | 2.86 | 11.40 | -8.53 |
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Drawdowns
IBCA.DE vs. ^GSPC - Drawdown Comparison
The maximum IBCA.DE drawdown since its inception was -8.31%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for IBCA.DE and ^GSPC.
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Drawdown Indicators
| IBCA.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -51.62% | +43.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -7.57% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -1.14% | -23.99% | +22.85% |
Max Drawdown (5Y)Largest decline over 5 years | -5.21% | -23.99% | +18.78% |
Max Drawdown (10Y)Largest decline over 10 years | -8.31% | -33.42% | +25.11% |
Current DrawdownCurrent decline from peak | -0.34% | -1.82% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -9.08% | +8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.04% | -1.68% |
Volatility
IBCA.DE vs. ^GSPC - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) is 0.63%, while S&P 500 Index (^GSPC) has a volatility of 3.63%. This indicates that IBCA.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCA.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 3.63% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 9.09% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 12.48% | -11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.56% | 16.83% | -15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 18.61% | -14.80% |
Frequently Asked Questions
IBCA.DE and ^GSPC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IBCA.DE and ^GSPC
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