IBCM.DE vs. SECD.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds from iShares - IBCM.DE tracks the Bloomberg Euro Government Bond 10 while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, IBCM.DE returned -2.34%/yr vs -2.19%/yr for SECD.DE. With a 0.98 correlation, they move nearly in lockstep. IBCM.DE charges 0.15%/yr vs 0.09%/yr for SECD.DE.
Performance
IBCM.DE vs. SECD.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 SECD.DE's 0.13% 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%
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
IBCM.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 1.00% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between IBCM.DE and SECD.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.98 |
The correlation between IBCM.DE and SECD.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
IBCM.DE vs. SECD.DE — Risk / Return Rank
IBCM.DE
SECD.DE
IBCM.DE vs. SECD.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 Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.01 | +0.04 |
| Martin ratioReturn relative to average drawdown | 0.08 | -0.02 | +0.10 |
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 | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | -0.01 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.34 | +0.03 |
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 | -0.38 | +0.96 |
Drawdowns
IBCM.DE vs. SECD.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, which is greater than SECD.DE's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and SECD.DE.
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Drawdown Indicators
| IBCM.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -22.04% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -3.41% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -3.96% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -21.21% | -1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | — | — |
Current DrawdownCurrent decline from peak | -13.71% | -13.67% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -12.64% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.33% | +0.20% |
Volatility
IBCM.DE vs. SECD.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 Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) at 1.78%. This indicates that IBCM.DE's price experiences larger fluctuations and is considered to be riskier than SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.78% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.63% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 4.34% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.28% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 6.02% | +0.01% |
IBCM.DE vs. SECD.DE - Expense Ratio Comparison
IBCM.DE has a 0.15% expense ratio, which is higher than SECD.DE's 0.09% 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
IBCM.DE vs. SECD.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, more than SECD.DE's 2.71% 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% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, IBCM.DE and SECD.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, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for IBCM.DE.
IBCM.DE tracks Bloomberg Euro Government Bond 10, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Their fees differ too: 0.15% for IBCM.DE and 0.09% for SECD.DE.
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