IBCM.DE vs. IS0L.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and IS0L.DE (iShares Germany Government Bond UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IBCM.DE tracks the Bloomberg Euro Government Bond 10 while IS0L.DE tracks the Bloomberg Euro Treasury Germany. Both are passively managed. Over the past 10 years, IBCM.DE returned -0.17%/yr vs -1.31%/yr for IS0L.DE. Their correlation of 0.84 suggests significant overlap in exposure. IBCM.DE charges 0.15%/yr vs 0.20%/yr for IS0L.DE.
Performance
IBCM.DE vs. IS0L.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCM.DE achieves a 0.27% return, which is significantly higher than IS0L.DE's -0.09% return. Over the past 10 years, IBCM.DE has outperformed IS0L.DE with an annualized return of -0.17%, while IS0L.DE has yielded a comparatively lower -1.31% annualized return.
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
IS0L.DE
- 1D
- 0.09%
- 1M
- -0.08%
- YTD
- -0.09%
- 6M
- -0.26%
- 1Y
- -1.03%
- 3Y*
- 0.83%
- 5Y*
- -3.06%
- 10Y*
- -1.31%
IBCM.DE vs. IS0L.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | 0.88% |
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | -0.09% | -1.50% | 0.13% | 5.16% | -17.86% | -2.55% | 2.69% | 2.82% | 2.31% | -1.63% |
Correlation
The correlation between IBCM.DE and IS0L.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.84 |
The correlation between IBCM.DE and IS0L.DE shifts across timeframes, from 0.84 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCM.DE vs. IS0L.DE — Risk / Return Rank
IBCM.DE
IS0L.DE
IBCM.DE vs. IS0L.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) and iShares Germany Government Bond UCITS ETF (Dist) (IS0L.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.
| IBCM.DE | IS0L.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.94 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.48 | +0.51 |
| Martin ratioReturn relative to average drawdown | 0.08 | -1.02 | +1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBCM.DE | IS0L.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | -0.40 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.50 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | -0.25 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.03 | +0.62 |
Drawdowns
IBCM.DE vs. IS0L.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, roughly equal to the maximum IS0L.DE drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and IS0L.DE.
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Drawdown Indicators
| IBCM.DE | IS0L.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -23.96% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.93% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -4.96% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -21.24% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | -23.96% | +0.71% |
Current DrawdownCurrent decline from peak | -13.71% | -19.49% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -7.79% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.39% | +0.14% |
Volatility
IBCM.DE vs. IS0L.DE - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a higher volatility of 1.94% compared to iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) at 1.37%. This indicates that IBCM.DE's price experiences larger fluctuations and is considered to be riskier than IS0L.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCM.DE | IS0L.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.37% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 2.74% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 3.54% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.10% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 5.27% | +0.76% |
IBCM.DE vs. IS0L.DE - Expense Ratio Comparison
IBCM.DE has a 0.15% expense ratio, which is lower than IS0L.DE's 0.20% 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
IBCM.DE vs. IS0L.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, more than IS0L.DE's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | 2.19% | 2.19% | 2.13% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.35% |
Frequently Asked Questions
IBCM.DE and IS0L.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCM.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0L.DE.
IBCM.DE tracks Bloomberg Euro Government Bond 10, while IS0L.DE tracks Bloomberg Euro Treasury Germany. Their fees differ too: 0.15% for IBCM.DE and 0.20% for IS0L.DE.
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