IBCC.DE vs. D5BE.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and D5BE.DE (Xtrackers II US Treasuries 1-3 UCITS ETF (Dist)) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while D5BE.DE tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.12%/yr vs 2.60%/yr for D5BE.DE. Their correlation of 0.94 suggests significant overlap in exposure. IBCC.DE charges 0.07%/yr vs 0.06%/yr for D5BE.DE.
Performance
IBCC.DE vs. D5BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCC.DE achieves a 4.60% return, which is significantly higher than D5BE.DE's 3.73% return.
IBCC.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 3.15%
- YTD
- 4.60%
- 1Y
- 5.10%
- 3Y*
- 4.00%
- 5Y*
- 4.12%
- 10Y*
- —
D5BE.DE
- 1D
- 0.07%
- 1M
- 1.53%
- 6M
- 2.29%
- YTD
- 3.73%
- 1Y
- 4.63%
- 3Y*
- 3.59%
- 5Y*
- 2.60%
- 10Y*
- 1.33%
IBCC.DE vs. D5BE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 3.73% | -6.60% | 10.00% | 0.62% | 2.33% | 7.69% | -6.19% | 4.46% |
Correlation
The correlation between IBCC.DE and D5BE.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.94 |
The correlation between IBCC.DE and D5BE.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
IBCC.DE vs. D5BE.DE — Risk / Return Rank
IBCC.DE
D5BE.DE
IBCC.DE vs. D5BE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) and Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.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.
| IBCC.DE | D5BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.31 | +0.26 |
| Martin ratioReturn relative to average drawdown | 3.59 | 3.26 | +0.33 |
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Drawdowns
IBCC.DE vs. D5BE.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum D5BE.DE drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and D5BE.DE.
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Drawdown Indicators
| IBCC.DE | D5BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -20.28% | +4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.52% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -10.97% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -12.50% | +0.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.28% | — |
Current DrawdownCurrent decline from peak | -5.33% | -5.26% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -5.10% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.41% | +0.01% |
Volatility
IBCC.DE vs. D5BE.DE - Volatility Comparison
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a higher volatility of 1.36% compared to Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) at 1.07%. This indicates that IBCC.DE's price experiences larger fluctuations and is considered to be riskier than D5BE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCC.DE | D5BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.07% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 3.81% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 5.42% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 7.16% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 8.94% | -0.53% |
IBCC.DE vs. D5BE.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is higher than D5BE.DE's 0.06% 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
IBCC.DE vs. D5BE.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, more than D5BE.DE's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 2.76% | 2.89% | 2.24% | 1.84% | 1.00% | 2.74% | 2.66% | 1.16% | 0.93% | 0.78% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, IBCC.DE and D5BE.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, D5BE.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BE.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for IBCC.DE.
IBCC.DE tracks ICE US Treasury Short Bond Index, while D5BE.DE tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IBCC.DE and 0.06% for D5BE.DE.
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