IBCA.DE vs. D5BB.DE
IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and D5BB.DE (Xtrackers II Germany Government Bond UCITS ETF) are both European Government Bonds funds - IBCA.DE tracks the Bloomberg Euro Government Bond 1-3 while D5BB.DE tracks the iBoxx® EUR Germany. Both are passively managed. Over the past 10 years, IBCA.DE returned 0.36%/yr vs -1.28%/yr for D5BB.DE. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
IBCA.DE vs. D5BB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCA.DE achieves a 0.16% return, which is significantly higher than D5BB.DE's -0.06% return. Over the past 10 years, IBCA.DE has outperformed D5BB.DE with an annualized return of 0.36%, while D5BB.DE has yielded a comparatively lower -1.28% annualized return.
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.16%
- 6M
- 0.27%
- 1Y
- 0.96%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
D5BB.DE
- 1D
- 0.09%
- 1M
- 0.42%
- YTD
- -0.06%
- 6M
- -0.42%
- 1Y
- -1.39%
- 3Y*
- 0.85%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
IBCA.DE vs. D5BB.DE - 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) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | -0.06% | -1.48% | 0.17% | 5.19% | -17.79% | -2.56% | 2.70% | 2.83% | 2.38% | -1.64% |
Correlation
The correlation between IBCA.DE and D5BB.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2010 | 0.37 |
Over the past year, IBCA.DE and D5BB.DE have become more correlated (0.73) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
IBCA.DE vs. D5BB.DE — Risk / Return Rank
IBCA.DE
D5BB.DE
IBCA.DE vs. D5BB.DE - 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 Xtrackers II Germany Government Bond UCITS ETF (D5BB.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.
| IBCA.DE | D5BB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.94 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.48 | +1.32 |
| Martin ratioReturn relative to average drawdown | 2.70 | -1.00 | +3.70 |
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
| IBCA.DE | D5BB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | -0.37 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.49 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.24 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.17 | +0.08 |
Drawdowns
IBCA.DE vs. D5BB.DE - Drawdown Comparison
The maximum IBCA.DE drawdown since its inception was -8.31%, smaller than the maximum D5BB.DE drawdown of -23.86%. Use the drawdown chart below to compare losses from any high point for IBCA.DE and D5BB.DE.
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Drawdown Indicators
| IBCA.DE | D5BB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -23.86% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -2.88% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.14% | -4.96% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -5.21% | -21.18% | +15.97% |
Max Drawdown (10Y)Largest decline over 10 years | -8.31% | -23.86% | +15.55% |
Current DrawdownCurrent decline from peak | -0.45% | -19.30% | +18.85% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -6.98% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.39% | -1.03% |
Volatility
IBCA.DE vs. D5BB.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) is 0.64%, while Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) has a volatility of 1.45%. This indicates that IBCA.DE experiences smaller price fluctuations and is considered to be less risky than D5BB.DE 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 | D5BB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.45% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 2.97% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 3.70% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.55% | 6.10% | -4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 5.26% | -1.45% |
IBCA.DE vs. D5BB.DE - Expense Ratio Comparison
Both IBCA.DE and D5BB.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCA.DE vs. D5BB.DE - Dividend Comparison
IBCA.DE's dividend yield for the trailing twelve months is around 2.18%, more than D5BB.DE's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | 1.70% | 1.58% | 1.36% | 1.13% | 1.79% | 1.15% | 0.00% | 0.00% | 0.00% | 0.56% | 0.00% | 0.77% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
Frequently Asked Questions
IBCA.DE and D5BB.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCA.DE and D5BB.DE have the same expense ratio: 0.15% per year.
IBCA.DE tracks Bloomberg Euro Government Bond 1-3, while D5BB.DE tracks iBoxx® EUR Germany. They also come from different issuers: iShares and Xtrackers.
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