IBCM.DE vs. XY4P.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) are both European Government Bonds funds - IBCM.DE tracks the Bloomberg Euro Government Bond 10 while XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus. Both are passively managed. Over the past 10 years, IBCM.DE returned -0.17%/yr vs 0.56%/yr for XY4P.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
IBCM.DE vs. XY4P.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 XY4P.DE's -0.03% return. Over the past 10 years, IBCM.DE has underperformed XY4P.DE with an annualized return of -0.17%, while XY4P.DE has yielded a comparatively higher 0.56% 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%
XY4P.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.03%
- 6M
- 0.03%
- 1Y
- 0.60%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
IBCM.DE vs. XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | 0.53% |
Correlation
The correlation between IBCM.DE and XY4P.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 | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2010 | 0.71 |
Over the past year, IBCM.DE and XY4P.DE have become more correlated (0.94) than their long-term average of 0.71, meaning their price movements have been converging.
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Return for Risk
IBCM.DE vs. XY4P.DE — Risk / Return Rank
IBCM.DE
XY4P.DE
IBCM.DE vs. XY4P.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 iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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 | XY4P.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 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.07 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.08 | 0.19 | -0.11 |
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 | XY4P.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.06 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.20 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.09 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.40 | +0.19 |
Drawdowns
IBCM.DE vs. XY4P.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, which is greater than XY4P.DE's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and XY4P.DE.
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Drawdown Indicators
| IBCM.DE | XY4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -20.52% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -3.95% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -4.07% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -20.11% | -2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | -20.52% | -2.73% |
Current DrawdownCurrent decline from peak | -13.71% | -9.19% | -4.52% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -5.49% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.43% | +0.10% |
Volatility
IBCM.DE vs. XY4P.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 iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) at 1.77%. This indicates that IBCM.DE's price experiences larger fluctuations and is considered to be riskier than XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.77% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.88% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 4.57% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.49% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 6.49% | -0.46% |
IBCM.DE vs. XY4P.DE - Expense Ratio Comparison
Both IBCM.DE and XY4P.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. XY4P.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, while XY4P.DE has not paid dividends to shareholders.
| 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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 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 XY4P.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.
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 XY4P.DE have the same expense ratio: 0.15% per year.
IBCM.DE tracks Bloomberg Euro Government Bond 10, while XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus. They also come from different issuers: iShares and Xtrackers.
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