IBCC.DE vs. XT01.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.17%/yr vs 4.12%/yr for XT01.DE. Their correlation of 0.94 suggests significant overlap in exposure. IBCC.DE charges 0.07%/yr vs 0.06%/yr for XT01.DE.
Performance
IBCC.DE vs. XT01.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBCC.DE having a 4.60% return and XT01.DE slightly lower at 4.43%.
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 4.24%
- YTD
- 4.43%
- 1Y
- 6.70%
- 3Y*
- 2.94%
- 5Y*
- 4.12%
- 10Y*
- —
IBCC.DE vs. XT01.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% | -3.82% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.43% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between IBCC.DE and XT01.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.94 |
The correlation between IBCC.DE and XT01.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IBCC.DE vs. XT01.DE — Risk / Return Rank
IBCC.DE
XT01.DE
IBCC.DE vs. XT01.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 US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.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 | 1.20 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.98 | +0.12 |
| Martin ratioReturn relative to average drawdown | 4.78 | 4.71 | +0.06 |
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Drawdowns
IBCC.DE vs. XT01.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and XT01.DE.
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Drawdown Indicators
| IBCC.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -11.68% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.40% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -11.68% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -11.68% | -0.01% |
Current DrawdownCurrent decline from peak | -5.33% | -5.54% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -4.91% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.42% | +0.01% |
Volatility
IBCC.DE vs. XT01.DE - Volatility Comparison
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a higher volatility of 1.88% compared to Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) at 1.77%. This indicates that IBCC.DE's price experiences larger fluctuations and is considered to be riskier than XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.77% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 4.22% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 6.04% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 7.44% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 7.29% | +1.14% |
IBCC.DE vs. XT01.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is higher than XT01.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. XT01.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, while XT01.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% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, IBCC.DE and XT01.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, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.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 XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IBCC.DE and 0.06% for XT01.DE.
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