IBCN.DE vs. IBCA.DE
IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IBCN.DE tracks the Bloomberg Euro Government Bond 5 while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 10 years, IBCN.DE returned 0.17%/yr vs 0.36%/yr for IBCA.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
IBCN.DE vs. IBCA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCN.DE achieves a 0.05% return, which is significantly lower than IBCA.DE's 0.16% return. Over the past 10 years, IBCN.DE has underperformed IBCA.DE with an annualized return of 0.17%, while IBCA.DE has yielded a comparatively higher 0.36% annualized 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%
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.09%
- YTD
- 0.16%
- 6M
- 0.30%
- 1Y
- 1.12%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
IBCN.DE vs. IBCA.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 | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 1.01% | 1.69% | 0.69% | 0.45% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
Correlation
The correlation between IBCN.DE and IBCA.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 2, 2007 | 0.77 |
The correlation between IBCN.DE and IBCA.DE shifts across timeframes, from 0.77 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCN.DE vs. IBCA.DE — Risk / Return Rank
IBCN.DE
IBCA.DE
IBCN.DE vs. IBCA.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.15 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.84 | -0.70 |
| Martin ratioReturn relative to average drawdown | 0.40 | 2.70 | -2.29 |
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 | IBCA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.71 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.52 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.09 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.25 | +0.20 |
Drawdowns
IBCN.DE vs. IBCA.DE - Drawdown Comparison
The maximum IBCN.DE drawdown since its inception was -12.52%, which is greater than IBCA.DE's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and IBCA.DE.
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Drawdown Indicators
| IBCN.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -8.31% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.14% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -1.14% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -12.15% | -5.21% | -6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | -8.31% | -4.21% |
Current DrawdownCurrent decline from peak | -2.93% | -0.45% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -1.03% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.36% | +0.50% |
Volatility
IBCN.DE vs. IBCA.DE - Volatility Comparison
iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) has a higher volatility of 0.91% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.64%. This indicates that IBCN.DE's price experiences larger fluctuations and is considered to be riskier than IBCA.DE 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 | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.64% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 1.27% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 1.36% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 1.55% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 3.81% | -0.85% |
IBCN.DE vs. IBCA.DE - Expense Ratio Comparison
Both IBCN.DE and IBCA.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
IBCN.DE vs. IBCA.DE - Dividend Comparison
IBCN.DE's dividend yield for the trailing twelve months is around 2.44%, more than IBCA.DE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
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 IBCA.DE have a correlation of 0.78, 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.
IBCN.DE and IBCA.DE have the same expense ratio: 0.15% per year.
IBCN.DE tracks Bloomberg Euro Government Bond 5, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3.
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