IBCC.DE vs. XJSE.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while XJSE.DE tracks the FTSE Japanese Government Bond Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.12%/yr vs -11.57%/yr for XJSE.DE. At a 0.25 correlation, their price movements are largely independent. IBCC.DE charges 0.07%/yr vs 0.15%/yr for XJSE.DE.
Performance
IBCC.DE vs. XJSE.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 XJSE.DE's -5.80% 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*
- —
XJSE.DE
- 1D
- 0.00%
- 1M
- -0.85%
- 6M
- -4.72%
- YTD
- -5.80%
- 1Y
- -13.84%
- 3Y*
- -11.74%
- 5Y*
- -11.57%
- 10Y*
- -7.08%
IBCC.DE vs. XJSE.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% |
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -9.72% | -14.55% | -3.16% | -4.65% | 3.48% |
Correlation
The correlation between IBCC.DE and XJSE.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.25 |
The correlation between IBCC.DE and XJSE.DE shifts across timeframes, from -0.01 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCC.DE vs. XJSE.DE — Risk / Return Rank
IBCC.DE
XJSE.DE
IBCC.DE vs. XJSE.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 Japan Government Bond UCITS ETF (Acc) (XJSE.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 | XJSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.76 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.86 | +2.42 |
| Martin ratioReturn relative to average drawdown | 3.59 | -1.35 | +4.94 |
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Drawdowns
IBCC.DE vs. XJSE.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum XJSE.DE drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and XJSE.DE.
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Drawdown Indicators
| IBCC.DE | XJSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -55.37% | +39.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -16.11% | +12.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -32.71% | +21.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -47.64% | +35.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.16% | — |
Current DrawdownCurrent decline from peak | -5.33% | -54.83% | +49.50% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -20.34% | +12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 10.25% | -8.83% |
Volatility
IBCC.DE vs. XJSE.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) is 1.36%, while Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) has a volatility of 2.80%. This indicates that IBCC.DE experiences smaller price fluctuations and is considered to be less risky than XJSE.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 | XJSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 2.80% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 7.28% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 9.30% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 11.15% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 9.88% | -1.47% |
IBCC.DE vs. XJSE.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is lower than XJSE.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. XJSE.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, while XJSE.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% |
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBCC.DE and XJSE.DE have a correlation of -0.01, 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 XJSE.DE.
IBCC.DE tracks ICE US Treasury Short Bond Index, while XJSE.DE tracks FTSE Japanese Government Bond Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IBCC.DE and 0.15% for XJSE.DE.
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