IBCC.DE vs. NADB.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and NADB.DE (Amundi Euro Government Bond 10-15Y UCITS ETF (Dist)) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while NADB.DE tracks the Bloomberg Euro Treasury 50bn 10-15 Year Bond Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.12%/yr vs -4.00%/yr for NADB.DE. At a correlation of -0.10, they often move in opposite directions. IBCC.DE charges 0.07%/yr vs 0.15%/yr for NADB.DE.
Performance
IBCC.DE vs. NADB.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 NADB.DE's -0.67% 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*
- —
NADB.DE
- 1D
- 0.30%
- 1M
- -1.91%
- 6M
- -1.24%
- YTD
- -0.67%
- 1Y
- 0.13%
- 3Y*
- 2.04%
- 5Y*
- -4.00%
- 10Y*
- —
IBCC.DE vs. NADB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -3.59% |
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) | -0.67% | 0.65% | 1.08% | 10.32% | -25.16% | -4.32% | 2.06% |
Correlation
The correlation between IBCC.DE and NADB.DE is -0.26, 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 | -0.26 |
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 Sep 17, 2020 | -0.10 |
The correlation between IBCC.DE and NADB.DE shifts across timeframes, from -0.26 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCC.DE vs. NADB.DE — Risk / Return Rank
IBCC.DE
NADB.DE
IBCC.DE vs. NADB.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 Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.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 | NADB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.01 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.03 | +1.54 |
| Martin ratioReturn relative to average drawdown | 3.59 | 0.07 | +3.52 |
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Drawdowns
IBCC.DE vs. NADB.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum NADB.DE drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and NADB.DE.
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Drawdown Indicators
| IBCC.DE | NADB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -30.03% | +13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -5.10% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -6.93% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -29.32% | +17.63% |
Current DrawdownCurrent decline from peak | -5.33% | -20.51% | +15.18% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -17.35% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.03% | -0.61% |
Volatility
IBCC.DE vs. NADB.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) is 1.36%, while Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) has a volatility of 1.85%. This indicates that IBCC.DE experiences smaller price fluctuations and is considered to be less risky than NADB.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 | NADB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.85% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 5.35% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 6.43% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 9.15% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 8.63% | -0.22% |
IBCC.DE vs. NADB.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is lower than NADB.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. NADB.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, more than NADB.DE's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) | 2.68% | 2.66% | 2.37% | 2.10% | 2.86% | 2.20% | 0.93% | 0.00% |
Frequently Asked Questions
IBCC.DE and NADB.DE have a correlation of -0.26, 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 NADB.DE.
IBCC.DE tracks ICE US Treasury Short Bond Index, while NADB.DE tracks Bloomberg Euro Treasury 50bn 10-15 Year Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IBCC.DE and 0.15% for NADB.DE.
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