IBCM.DE vs. QDTE

Last updated Jun 5, 2026

IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - IBCM.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 10, while QDTE is a Derivative Income fund actively managed by Roundhill. IBCM.DE is passively managed, while QDTE is actively managed. Over the past year, IBCM.DE returned 0.13% vs 36.83% for QDTE. At a 0.10 correlation, their price movements are largely independent. IBCM.DE charges 0.15%/yr vs 0.97%/yr for QDTE.

Performance

IBCM.DE vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IBCM.DE is traded in EUR, while QDTE is traded in USD. To make them comparable, the QDTE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IBCM.DE achieves a 0.27% return, which is significantly lower than QDTE's 17.38% return.

IBCM.DE

• 1D: 0.06%
• 1M: 0.50%
• YTD: 0.27%
• 6M: -0.09%
• 1Y: 0.13%
• 3Y*: 2.61%
• 5Y*: -2.34%
• 10Y*: -0.17%

QDTE

• 1D: -0.59%
• 1M: 7.84%
• YTD: 17.38%
• 6M: 16.04%
• 1Y: 36.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBCM.DE vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)	0.27%	1.53%	1.82%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	17.38%	5.16%	22.75%

Correlation

The correlation between IBCM.DE and QDTE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.10

Return for Risk

IBCM.DE vs. QDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBCM.DE

IBCM.DE Risk / Return Rank: 9
IBCM.DE Sharpe Ratio Rank: 10
IBCM.DE Sortino Ratio Rank: 9
IBCM.DE Omega Ratio Rank: 9
IBCM.DE Calmar Ratio Rank: 9
IBCM.DE Martin Ratio Rank: 9

QDTE

QDTE Risk / Return Rank: 79
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 77
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBCM.DE vs. QDTE - 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 Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.03	2.42	-2.40
Sortino ratio: Return per unit of downside risk	0.07	3.05	-2.98
Omega ratio: Gain probability vs. loss probability	1.01	1.43	-0.42
Calmar ratio: Return relative to maximum drawdown	0.03	4.92	-4.89
Martin ratio: Return relative to average drawdown	0.08	16.25	-16.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBCM.DE vs. QDTE - Sharpe Ratio Comparison

The current IBCM.DE Sharpe Ratio is 0.03, which is lower than the QDTE Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of IBCM.DE and QDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBCM.DE	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	2.42	-2.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	1.03	-0.44

Drawdowns

IBCM.DE vs. QDTE - Drawdown Comparison

The maximum IBCM.DE drawdown since its inception was -23.25%, smaller than the maximum QDTE drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and QDTE.

Drawdown Indicators

	IBCM.DE	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-23.25%	-30.16%	+6.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.08%	-7.52%	+3.44%
Max Drawdown (3Y) Largest decline over 3 years	-4.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.25%	—	—
Current Drawdown Current decline from peak	-13.71%	-0.59%	-13.12%
Average Drawdown Average peak-to-trough decline	-5.23%	-5.06%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.27%	-0.74%

Volatility

IBCM.DE vs. QDTE - Volatility Comparison

The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) is 1.94%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 3.11%. This indicates that IBCM.DE experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBCM.DE	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	3.11%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	10.59%	-6.39%
Volatility (1Y) Calculated over the trailing 1-year period	5.00%	15.29%	-10.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.39%	19.98%	-12.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.03%	19.98%	-13.95%

IBCM.DE vs. QDTE - Expense Ratio Comparison

IBCM.DE has a 0.15% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

IBCM.DE vs. QDTE - Dividend Comparison

IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, less than QDTE's 43.41% 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%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	43.41%	49.49%	32.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBCM.DE and QDTE in my portfolio?

IBCM.DE and QDTE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBCM.DE or QDTE?

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.

Which ETF is cheaper, IBCM.DE or QDTE?

IBCM.DE is cheaper with a 0.15% expense ratio, compared with 0.97% for QDTE.

What is the main difference between IBCM.DE and QDTE?

IBCM.DE is categorized as European Government Bonds, while QDTE is Derivative Income. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.15% for IBCM.DE and 0.97% for QDTE.