IBCC.DE vs. DBXF.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and DBXF.DE (Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc)) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while DBXF.DE tracks the iBoxx EUR Eurozone 15-30 Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.12%/yr vs -8.02%/yr for DBXF.DE. At a correlation of -0.07, they often move in opposite directions. IBCC.DE charges 0.07%/yr vs 0.15%/yr for DBXF.DE.
Performance
IBCC.DE vs. DBXF.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 DBXF.DE's -0.93% return.
IBCC.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 3.63%
- YTD
- 4.60%
- 1Y
- 5.34%
- 3Y*
- 4.08%
- 5Y*
- 4.12%
- 10Y*
- —
DBXF.DE
- 1D
- -0.41%
- 1M
- -2.07%
- 6M
- -2.36%
- YTD
- -0.93%
- 1Y
- -1.59%
- 3Y*
- -0.11%
- 5Y*
- -8.02%
- 10Y*
- -2.58%
IBCC.DE vs. DBXF.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% |
DBXF.DE Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) | -0.93% | -5.38% | -0.73% | 9.69% | -34.17% | -6.47% | 11.63% | 14.11% |
Correlation
The correlation between IBCC.DE and DBXF.DE is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | -0.07 |
The correlation between IBCC.DE and DBXF.DE shifts across timeframes, from -0.25 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCC.DE vs. DBXF.DE — Risk / Return Rank
IBCC.DE
DBXF.DE
IBCC.DE vs. DBXF.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 Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.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 | DBXF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.98 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.26 | +1.90 |
| Martin ratioReturn relative to average drawdown | 3.74 | -0.54 | +4.27 |
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Drawdowns
IBCC.DE vs. DBXF.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum DBXF.DE drawdown of -43.47%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and DBXF.DE.
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Drawdown Indicators
| IBCC.DE | DBXF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -43.47% | +27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -6.06% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -11.81% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -41.93% | +30.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.47% | — |
Current DrawdownCurrent decline from peak | -5.33% | -37.67% | +32.34% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -12.25% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.96% | -1.53% |
Volatility
IBCC.DE vs. DBXF.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) is 1.78%, while Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) (DBXF.DE) has a volatility of 2.05%. This indicates that IBCC.DE experiences smaller price fluctuations and is considered to be less risky than DBXF.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 | DBXF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 2.05% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 7.13% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 9.23% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 13.48% | -5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 11.46% | -3.05% |
IBCC.DE vs. DBXF.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is lower than DBXF.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
IBCC.DE vs. DBXF.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, while DBXF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DBXF.DE Xtrackers II Eurozone Government Bond 15-30 UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
IBCC.DE and DBXF.DE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCC.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for DBXF.DE.
IBCC.DE tracks ICE US Treasury Short Bond Index, while DBXF.DE tracks iBoxx EUR Eurozone 15-30 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IBCC.DE and 0.15% for DBXF.DE.
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