IBCM.DE vs. XGEZ.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) are both European Government Bonds funds - IBCM.DE tracks the Bloomberg Euro Government Bond 10 while XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. Both are passively managed. Over the past 3 years, IBCM.DE returned 2.84%/yr vs 1.15%/yr for XGEZ.DE. With a 0.96 correlation, they move nearly in lockstep. IBCM.DE charges 0.15%/yr vs 0.18%/yr for XGEZ.DE.
Performance
IBCM.DE vs. XGEZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBCM.DE having a 1.66% return and XGEZ.DE slightly lower at 1.60%.
IBCM.DE
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 1.66%
- 6M
- 1.58%
- 1Y
- 1.66%
- 3Y*
- 2.84%
- 5Y*
- -2.01%
- 10Y*
- -0.11%
XGEZ.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.60%
- 6M
- 1.74%
- 1Y
- 0.26%
- 3Y*
- 1.15%
- 5Y*
- —
- 10Y*
- —
IBCM.DE vs. XGEZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 1.66% | 1.53% | 0.84% | 8.74% | -1.00% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 1.60% | -2.16% | -0.51% | 8.88% | -0.36% |
Correlation
The correlation between IBCM.DE and XGEZ.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.96 |
The correlation between IBCM.DE and XGEZ.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
IBCM.DE vs. XGEZ.DE — Risk / Return Rank
IBCM.DE
XGEZ.DE
IBCM.DE vs. XGEZ.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 II Eurozone Government Green Bond UCITS ETF (XGEZ.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.
| IBCM.DE | XGEZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.06 | +0.35 |
| Martin ratioReturn relative to average drawdown | 1.03 | 0.12 | +0.91 |
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Drawdowns
IBCM.DE vs. XGEZ.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, which is greater than XGEZ.DE's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and XGEZ.DE.
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Drawdown Indicators
| IBCM.DE | XGEZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -13.63% | -9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -4.70% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.52% | -7.88% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | — | — |
Current DrawdownCurrent decline from peak | -12.52% | -3.99% | -8.53% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -5.39% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.11% | -0.51% |
Volatility
IBCM.DE vs. XGEZ.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) is 1.21%, while Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a volatility of 1.75%. This indicates that IBCM.DE experiences smaller price fluctuations and is considered to be less risky than XGEZ.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 | XGEZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.75% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 5.23% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 6.42% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 9.92% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 9.92% | -3.89% |
IBCM.DE vs. XGEZ.DE - Expense Ratio Comparison
IBCM.DE has a 0.15% expense ratio, which is lower than XGEZ.DE's 0.18% 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. XGEZ.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.88%, more than XGEZ.DE's 2.06% 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) | 2.88% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.06% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, IBCM.DE and XGEZ.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, 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 0.18% for XGEZ.DE.
IBCM.DE tracks Bloomberg Euro Government Bond 10, while XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for IBCM.DE and 0.18% for XGEZ.DE.
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