IBCA.DE vs. EGV3.DE
IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and EGV3.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Dist) are both European Government Bonds funds - IBCA.DE tracks the Bloomberg Euro Government Bond 1-3 while EGV3.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, IBCA.DE returned 0.36%/yr vs 0.19%/yr for EGV3.DE. Their correlation of 0.81 suggests significant overlap in exposure. IBCA.DE charges 0.15%/yr vs 0.17%/yr for EGV3.DE.
Performance
IBCA.DE vs. EGV3.DE - Performance Comparison
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Returns By Period
Over the past 10 years, IBCA.DE has outperformed EGV3.DE with an annualized return of 0.36%, while EGV3.DE has yielded a comparatively lower 0.19% 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%
EGV3.DE
- 1D
- 0.04%
- 1M
- 0.23%
- YTD
- 0.00%
- 6M
- 0.10%
- 1Y
- 0.65%
- 3Y*
- 2.53%
- 5Y*
- 0.55%
- 10Y*
- 0.19%
IBCA.DE vs. EGV3.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% |
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | -0.00% | 2.11% | 3.01% | 3.26% | -4.93% | -0.90% | -0.43% | 0.21% | 0.06% | -0.44% |
Correlation
The correlation between IBCA.DE and EGV3.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2009 | 0.81 |
The correlation between IBCA.DE and EGV3.DE shifts across timeframes, from 0.79 (10 years) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCA.DE vs. EGV3.DE — Risk / Return Rank
IBCA.DE
EGV3.DE
IBCA.DE vs. EGV3.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 Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.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 | EGV3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.10 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.54 | +0.30 |
| Martin ratioReturn relative to average drawdown | 2.70 | 1.68 | +1.01 |
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 | EGV3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.49 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.32 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.09 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.41 | -0.17 |
Drawdowns
IBCA.DE vs. EGV3.DE - Drawdown Comparison
The maximum IBCA.DE drawdown since its inception was -8.31%, roughly equal to the maximum EGV3.DE drawdown of -8.42%. Use the drawdown chart below to compare losses from any high point for IBCA.DE and EGV3.DE.
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Drawdown Indicators
| IBCA.DE | EGV3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -8.42% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -1.20% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.14% | -1.20% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -5.21% | -6.05% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -8.31% | -8.42% | +0.11% |
Current DrawdownCurrent decline from peak | -0.45% | -0.56% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -1.56% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.39% | -0.03% |
Volatility
IBCA.DE vs. EGV3.DE - Volatility Comparison
iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) has a higher volatility of 0.64% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Dist (EGV3.DE) at 0.53%. This indicates that IBCA.DE's price experiences larger fluctuations and is considered to be riskier than EGV3.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 | EGV3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.53% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 1.22% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 1.33% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.55% | 1.67% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 2.13% | +1.68% |
IBCA.DE vs. EGV3.DE - Expense Ratio Comparison
IBCA.DE has a 0.15% expense ratio, which is lower than EGV3.DE's 0.17% 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
IBCA.DE vs. EGV3.DE - Dividend Comparison
IBCA.DE's dividend yield for the trailing twelve months is around 2.18%, more than EGV3.DE's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGV3.DE Amundi Euro Government Bond 1-3Y UCITS ETF Dist | 1.57% | 1.57% | 1.36% | 1.13% | 1.46% | 2.49% | 1.11% | 0.65% | 0.89% | 0.00% | 0.00% | 0.00% |
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 EGV3.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCA.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for EGV3.DE.
IBCA.DE tracks Bloomberg Euro Government Bond 1-3, while EGV3.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IBCA.DE and 0.17% for EGV3.DE.
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