IBCM.DE vs. X03B.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - IBCM.DE tracks the Bloomberg Euro Government Bond 10 while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, IBCM.DE returned -0.17%/yr vs 0.23%/yr for X03B.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
IBCM.DE vs. X03B.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 X03B.DE's 0.05% return. Over the past 10 years, IBCM.DE has underperformed X03B.DE with an annualized return of -0.17%, while X03B.DE has yielded a comparatively higher 0.23% annualized 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%
X03B.DE
- 1D
- 0.04%
- 1M
- 0.27%
- YTD
- 0.05%
- 6M
- 0.17%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
IBCM.DE vs. X03B.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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | -0.13% | 0.14% | -0.34% | -0.48% |
Correlation
The correlation between IBCM.DE and X03B.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | 0.68 |
The correlation between IBCM.DE and X03B.DE shifts across timeframes, from 0.68 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCM.DE vs. X03B.DE — Risk / Return Rank
IBCM.DE
X03B.DE
IBCM.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.13 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.63 | -0.60 |
| Martin ratioReturn relative to average drawdown | 0.08 | 2.04 | -1.96 |
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 | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.62 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.41 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.17 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.57 | +0.01 |
Drawdowns
IBCM.DE vs. X03B.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and X03B.DE.
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Drawdown Indicators
| IBCM.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -6.78% | -16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -1.28% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -1.28% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -5.67% | -17.23% |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | -6.78% | -16.47% |
Current DrawdownCurrent decline from peak | -13.71% | -0.51% | -13.20% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -1.19% | -4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.40% | +1.13% |
Volatility
IBCM.DE vs. X03B.DE - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a higher volatility of 1.94% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that IBCM.DE's price experiences larger fluctuations and is considered to be riskier than X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 0.50% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 1.20% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 1.30% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 1.63% | +5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 1.32% | +4.71% |
IBCM.DE vs. X03B.DE - Expense Ratio Comparison
Both IBCM.DE and X03B.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCM.DE vs. X03B.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, more than X03B.DE's 1.53% 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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
IBCM.DE and X03B.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCM.DE and X03B.DE have the same expense ratio: 0.15% per year.
IBCM.DE tracks Bloomberg Euro Government Bond 10, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: iShares and Xtrackers.
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