IBCC.DE vs. T1EU.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.17%/yr vs 1.40%/yr for T1EU.DE. At a correlation of -0.11, they often move in opposite directions. IBCC.DE charges 0.07%/yr vs 0.10%/yr for T1EU.DE.
Performance
IBCC.DE vs. T1EU.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 T1EU.DE's 0.83% return.
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
T1EU.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.74%
- YTD
- 0.83%
- 1Y
- 1.84%
- 3Y*
- 2.74%
- 5Y*
- 1.40%
- 10Y*
- —
IBCC.DE vs. T1EU.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% | -9.74% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.83% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between IBCC.DE and T1EU.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | -0.11 |
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Return for Risk
IBCC.DE vs. T1EU.DE — Risk / Return Rank
IBCC.DE
T1EU.DE
IBCC.DE vs. T1EU.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 Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.62 | -1.52 |
| Martin ratioReturn relative to average drawdown | 4.78 | 17.64 | -12.86 |
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Drawdowns
IBCC.DE vs. T1EU.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and T1EU.DE.
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Drawdown Indicators
| IBCC.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -3.20% | -12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -0.51% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -0.51% | -11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -2.36% | -9.33% |
Current DrawdownCurrent decline from peak | -5.33% | 0.00% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -0.86% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.10% | +1.33% |
Volatility
IBCC.DE vs. T1EU.DE - Volatility Comparison
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a higher volatility of 1.88% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.10%. This indicates that IBCC.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 0.10% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 1.12% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 1.45% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 0.80% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 0.73% | +7.70% |
IBCC.DE vs. T1EU.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is lower than T1EU.DE's 0.10% 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. T1EU.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, while T1EU.DE has not paid dividends to shareholders.
| 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% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% |
Frequently Asked Questions
IBCC.DE and T1EU.DE have a correlation of -0.09, 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 0.10% for T1EU.DE.
IBCC.DE tracks ICE US Treasury Short Bond Index, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IBCC.DE and 0.10% for T1EU.DE.
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