IBCN.DE vs. BNKE.L
IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) and BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) are both exchange-traded funds - IBCN.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 5, while BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, IBCN.DE returned -0.39%/yr vs 29.08%/yr for BNKE.L. At a correlation of -0.09, they often move in opposite directions. IBCN.DE charges 0.15%/yr vs 0.30%/yr for BNKE.L.
Performance
IBCN.DE vs. BNKE.L - Performance Comparison
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Different Trading Currencies
IBCN.DE is traded in EUR, while BNKE.L is traded in GBP. To make them comparable, the BNKE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCN.DE achieves a 0.05% return, which is significantly lower than BNKE.L's 5.56% return.
IBCN.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.05%
- 6M
- -0.06%
- 1Y
- 0.68%
- 3Y*
- 2.68%
- 5Y*
- -0.39%
- 10Y*
- 0.17%
BNKE.L
- 1D
- 0.68%
- 1M
- 6.47%
- YTD
- 5.56%
- 6M
- 12.15%
- 1Y
- 41.35%
- 3Y*
- 45.82%
- 5Y*
- 29.08%
- 10Y*
- —
IBCN.DE vs. BNKE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 1.01% | -0.47% |
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 5.58% | 89.51% | 31.23% | 30.46% | 0.98% | 40.07% | -22.57% | 8.52% |
Correlation
The correlation between IBCN.DE and BNKE.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | -0.09 |
The correlation between IBCN.DE and BNKE.L shifts across timeframes, from -0.09 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBCN.DE vs. BNKE.L — Risk / Return Rank
IBCN.DE
BNKE.L
IBCN.DE vs. BNKE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). 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.
| IBCN.DE | BNKE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.29 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 2.41 | -2.27 |
| Martin ratioReturn relative to average drawdown | 0.40 | 7.58 | -7.18 |
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
| IBCN.DE | BNKE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.75 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 1.15 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.76 | -0.30 |
Drawdowns
IBCN.DE vs. BNKE.L - Drawdown Comparison
The maximum IBCN.DE drawdown since its inception was -12.52%, smaller than the maximum BNKE.L drawdown of -51.39%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and BNKE.L.
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Drawdown Indicators
| IBCN.DE | BNKE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -51.39% | +38.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -17.08% | +14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -20.26% | +17.85% |
Max Drawdown (5Y)Largest decline over 5 years | -12.15% | -34.14% | +21.99% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -1.89% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -11.01% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 5.44% | -4.58% |
Volatility
IBCN.DE vs. BNKE.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) is 0.91%, while Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) has a volatility of 6.07%. This indicates that IBCN.DE experiences smaller price fluctuations and is considered to be less risky than BNKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCN.DE | BNKE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 6.07% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 18.59% | -16.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 23.49% | -20.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 25.33% | -21.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 30.13% | -27.17% |
IBCN.DE vs. BNKE.L - Expense Ratio Comparison
IBCN.DE has a 0.15% expense ratio, which is lower than BNKE.L's 0.30% expense ratio.
Dividends
IBCN.DE vs. BNKE.L - Dividend Comparison
IBCN.DE's dividend yield for the trailing twelve months is around 2.44%, while BNKE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 2.44% | 2.51% | 2.61% | 0.80% | 0.00% | 0.00% | 0.00% | 0.07% | 0.12% | 0.08% | 0.13% | 0.61% |
Frequently Asked Questions
IBCN.DE and BNKE.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCN.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCN.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for BNKE.L.
IBCN.DE is categorized as European Government Bonds, while BNKE.L is Financials Equities. IBCN.DE tracks Bloomberg Euro Government Bond 5, while BNKE.L tracks MSCI World/Financials NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IBCN.DE and 0.30% for BNKE.L.
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