IBCN.DE vs. DBXP.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE).

IBCN.DE and DBXP.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBCN.DE is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Government Bond 5. It was launched on Dec 8, 2006. DBXP.DE is a passively managed fund by Xtrackers that tracks the performance of the iBoxx® EUR Eurozone 1-3. It was launched on May 25, 2007. Both IBCN.DE and DBXP.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBCN.DE vs. DBXP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE). The values are adjusted to include any dividend payments, if applicable.

IBCN.DE vs. DBXP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF	-0.52%	2.24%	2.15%	5.23%	-10.13%	-1.37%	1.01%	1.69%	0.69%	0.45%
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF	-0.35%	2.21%	2.99%	3.41%	-4.59%	-0.85%	-0.18%	0.17%	-0.37%	-0.45%

Returns By Period

In the year-to-date period, IBCN.DE achieves a -0.52% return, which is significantly lower than DBXP.DE's -0.35% return. Over the past 10 years, IBCN.DE has underperformed DBXP.DE with an annualized return of 0.13%, while DBXP.DE has yielded a comparatively higher 0.19% annualized return.

IBCN.DE

• 1D: 0.11%
• 1M: -1.61%
• YTD: -0.52%
• 6M: -0.39%
• 1Y: 1.04%
• 3Y*: 2.52%
• 5Y*: -0.56%
• 10Y*: 0.13%

DBXP.DE

• 1D: 0.11%
• 1M: -0.77%
• YTD: -0.35%
• 6M: 0.06%
• 1Y: 1.14%
• 3Y*: 2.50%
• 5Y*: 0.56%
• 10Y*: 0.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBCN.DE vs. DBXP.DE - Expense Ratio Comparison

Both IBCN.DE and DBXP.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%.

IBCN.DE

iShares Euro Government Bond 3-5yr UCITS ETF

DBXP.DE

Xtrackers Eurozone Government Bond 1-3 UCITS ETF

Return for Risk

IBCN.DE vs. DBXP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBCN.DE

IBCN.DE Risk / Return Rank: 22
IBCN.DE Sharpe Ratio Rank: 25
IBCN.DE Sortino Ratio Rank: 21
IBCN.DE Omega Ratio Rank: 21
IBCN.DE Calmar Ratio Rank: 20
IBCN.DE Martin Ratio Rank: 23

DBXP.DE

DBXP.DE Risk / Return Rank: 48
DBXP.DE Sharpe Ratio Rank: 58
DBXP.DE Sortino Ratio Rank: 54
DBXP.DE Omega Ratio Rank: 52
DBXP.DE Calmar Ratio Rank: 33
DBXP.DE Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBCN.DE vs. DBXP.DE - 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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.

	IBCN.DE	DBXP.DE	Difference
Sharpe ratio Return per unit of total volatility	0.47	1.10	-0.62
Sortino ratio Return per unit of downside risk	0.64	1.49	-0.86
Omega ratio Gain probability vs. loss probability	1.09	1.21	-0.12
Calmar ratio Return relative to maximum drawdown	0.46	0.93	-0.48
Martin ratio Return relative to average drawdown	1.94	4.25	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBCN.DE vs. DBXP.DE - Sharpe Ratio Comparison

The current IBCN.DE Sharpe Ratio is 0.47, which is lower than the DBXP.DE Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of IBCN.DE and DBXP.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBCN.DE	DBXP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	1.10	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.35	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.10	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.56	-0.11

Correlation

The correlation between IBCN.DE and DBXP.DE is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IBCN.DE vs. DBXP.DE - Dividend Comparison

IBCN.DE's dividend yield for the trailing twelve months is around 2.52%, while DBXP.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF	2.52%	2.51%	2.61%	0.80%	0.00%	0.00%	0.00%	0.07%	0.12%	0.08%	0.13%	0.61%
DBXP.DE Xtrackers Eurozone Government Bond 1-3 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%

Drawdowns

IBCN.DE vs. DBXP.DE - Drawdown Comparison

The maximum IBCN.DE drawdown since its inception was -12.52%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and DBXP.DE.

Drawdown Indicators

	IBCN.DE	DBXP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.52%	-6.77%	-5.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.41%	-1.24%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-12.15%	-5.69%	-6.46%
Max Drawdown (10Y) Largest decline over 10 years	-12.52%	-6.77%	-5.75%
Current Drawdown Current decline from peak	-3.48%	-0.94%	-2.54%
Average Drawdown Average peak-to-trough decline	-2.32%	-1.00%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	0.27%	+0.30%

Volatility

IBCN.DE vs. DBXP.DE - Volatility Comparison

iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) has a higher volatility of 1.18% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 0.58%. This indicates that IBCN.DE's price experiences larger fluctuations and is considered to be riskier than DBXP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBCN.DE	DBXP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	0.58%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	1.53%	0.74%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	2.20%	1.03%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.55%	1.61%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.91%	1.78%	+1.13%