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IBCN.DE vs. ITUB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IBCN.DE vs. ITUB

Last updated Jun 26, 2026

IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) is European Government Bonds fund tracking the Bloomberg Euro Government Bond 5, while ITUB (Itaú Unibanco Holding S.A.) is a stock. Over the past 10 years, IBCN.DE returned 0.22%/yr vs 18.08%/yr for ITUB. At a 0.02 correlation, their price movements are largely independent.

Performance

IBCN.DE vs. ITUB - 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 Itaú Unibanco Holding S.A. (ITUB). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IBCN.DE is traded in EUR, while ITUB is traded in USD. To make them comparable, the ITUB 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 0.74% return, which is significantly lower than ITUB's 18.34% return. Over the past 10 years, IBCN.DE has underperformed ITUB with an annualized return of 0.22%, while ITUB has yielded a comparatively higher 18.08% annualized return.

IBCN.DE

1D
0.08%
1M
0.61%
YTD
0.74%
6M
0.56%
1Y
1.09%
3Y*
2.96%
5Y*
-0.20%
10Y*
0.22%

ITUB

1D
1.83%
1M
4.22%
YTD
18.34%
6M
19.64%
1Y
41.25%
3Y*
23.06%
5Y*
25.67%
10Y*
18.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBCN.DE vs. ITUB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IBCN.DE
iShares Euro Government Bond 3-5yr UCITS ETF		0.74%2.24%2.15%5.22%-10.13%-1.37%1.01%1.69%0.52%0.61%
ITUB
Itaú Unibanco Holding S.A.		18.34%63.98%-18.44%49.90%38.93%0.97%-36.20%10.91%17.97%14.81%

Correlation

The correlation between IBCN.DE and ITUB is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Sep 20, 2007

0.02

Over the past year, IBCN.DE and ITUB have become more correlated (0.25) than their long-term average of 0.02, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Euro Government Bond 3-5yr UCITS ETF

Itaú Unibanco Holding S.A.

Often compared with IBCN.DE:
IBCN.DE vs. EUNH.DEIBCN.DE vs. DBXP.DEIBCN.DE vs. IEIIBCN.DE vs. XZEB.DEIBCN.DE vs. D5BC.DEIBCN.DE vs. DE5A.DEIBCN.DE vs. EL4S.DE
Often compared with ITUB:
ITUB vs. BBDITUB vs. BSBRITUB vs. WEGZYITUB vs. TSMITUB vs. AAPLITUB vs. JPMITUB vs. SPY

Return for Risk

IBCN.DE vs. ITUB — 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: 1414
Overall Rank
IBCN.DE Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
IBCN.DE Sortino Ratio Rank: 1313
Sortino Ratio Rank
IBCN.DE Omega Ratio Rank: 1414
Omega Ratio Rank
IBCN.DE Calmar Ratio Rank: 1414
Calmar Ratio Rank
IBCN.DE Martin Ratio Rank: 1515
Martin Ratio Rank
ITUB
ITUB Risk / Return Rank: 7474
Overall Rank
ITUB Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ITUB Sortino Ratio Rank: 7373
Sortino Ratio Rank
ITUB Omega Ratio Rank: 7171
Omega Ratio Rank
ITUB Calmar Ratio Rank: 7474
Calmar Ratio Rank
ITUB Martin Ratio Rank: 7575
Martin Ratio Rank
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. ITUB - 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 Itaú Unibanco Holding S.A. (ITUB). 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.

IBCN.DEITUBDifference
Sharpe ratioReturn per unit of total volatility
0.43
1.40

-0.97

Sortino ratioReturn per unit of downside risk
0.63
1.96

-1.32

Omega ratioGain probability vs. loss probability

1.08

1.24

-0.15

Calmar ratioReturn relative to maximum drawdown

0.45

2.13

-1.67

Martin ratioReturn relative to average drawdown

1.21

5.42

-4.22

IBCN.DE vs. ITUB - Sharpe Ratio Comparison

The current IBCN.DE Sharpe Ratio is 0.43, which is lower than the ITUB Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of IBCN.DE and ITUB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IBCN.DE vs. ITUB - Drawdown Comparison

The maximum IBCN.DE drawdown since its inception was -12.52%, smaller than the maximum ITUB drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and ITUB.

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Drawdown Indicators

IBCN.DEITUBDifference

Max Drawdown

Largest peak-to-trough decline

-12.52%

-62.27%

+49.75%

Max Drawdown (1Y)

Largest decline over 1 year

-2.41%

-19.36%

+16.95%

Max Drawdown (3Y)

Largest decline over 3 years

-2.41%

-24.44%

+22.03%

Max Drawdown (5Y)

Largest decline over 5 years

-12.15%

-32.66%

+20.51%

Max Drawdown (10Y)

Largest decline over 10 years

-12.52%

-60.40%

+47.88%

Current Drawdown

Current decline from peak

-2.26%

-10.72%

+8.46%

Average Drawdown

Average peak-to-trough decline

-2.12%

-20.47%

+18.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

7.57%

-6.67%

Volatility

IBCN.DE vs. ITUB - Volatility Comparison

The current volatility for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) is 0.52%, while Itaú Unibanco Holding S.A. (ITUB) has a volatility of 7.27%. This indicates that IBCN.DE experiences smaller price fluctuations and is considered to be less risky than ITUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IBCN.DEITUBDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.52%

7.27%

-6.75%

Volatility (6M)

Calculated over the trailing 6-month period

2.27%

23.03%

-20.76%

Volatility (1Y)

Calculated over the trailing 1-year period

2.53%

29.52%

-26.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.63%

32.84%

-29.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.96%

37.79%

-34.83%

Dividends

IBCN.DE vs. ITUB - Dividend Comparison

IBCN.DE's dividend yield for the trailing twelve months is around 2.42%, less than ITUB's 8.13% yield.

PositionTTM20252024202320222021202020192018201720162015
IBCN.DE
iShares Euro Government Bond 3-5yr UCITS ETF		2.42%2.51%2.61%0.80%0.00%0.00%0.00%0.07%0.12%0.08%0.13%0.61%
ITUB
Itaú Unibanco Holding S.A.		8.13%11.26%9.20%3.61%4.21%29.81%4.80%8.21%6.93%3.35%15.63%3.89%

Frequently Asked Questions

IBCN.DE and ITUB have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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