IBCN.DE vs. IVR
IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) is European Government Bonds fund tracking the Bloomberg Euro Government Bond 5, while IVR (Invesco Mortgage Capital Inc.) is a stock. Over the past 10 years, IBCN.DE returned 0.17%/yr vs -11.99%/yr for IVR. At a 0.11 correlation, their price movements are largely independent.
Performance
IBCN.DE vs. IVR - Performance Comparison
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Different Trading Currencies
IBCN.DE is traded in EUR, while IVR is traded in USD. To make them comparable, the IVR 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 IVR's 1.85% return. Over the past 10 years, IBCN.DE has outperformed IVR with an annualized return of 0.17%, while IVR has yielded a comparatively lower -11.99% 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%
IVR
- 1D
- 0.03%
- 1M
- 0.84%
- YTD
- 1.85%
- 6M
- 5.46%
- 1Y
- 26.27%
- 3Y*
- 5.63%
- 5Y*
- -9.89%
- 10Y*
- -11.99%
IBCN.DE vs. IVR - 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% |
IVR Invesco Mortgage Capital Inc. | 1.85% | 10.05% | 16.22% | -16.87% | -41.13% | -2.56% | -74.80% | 31.88% | -2.44% | 18.06% |
Correlation
The correlation between IBCN.DE and IVR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009 | 0.11 |
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Return for Risk
IBCN.DE vs. IVR — Risk / Return Rank
IBCN.DE
IVR
IBCN.DE vs. IVR - 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 Invesco Mortgage Capital Inc. (IVR). 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 | IVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.22 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.62 | -1.47 |
| Martin ratioReturn relative to average drawdown | 0.40 | 4.14 | -3.73 |
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 | IVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.19 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.28 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | -0.22 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.05 | +0.50 |
Drawdowns
IBCN.DE vs. IVR - Drawdown Comparison
The maximum IBCN.DE drawdown since its inception was -12.52%, smaller than the maximum IVR drawdown of -92.39%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and IVR.
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Drawdown Indicators
| IBCN.DE | IVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -92.39% | +79.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -16.32% | +13.91% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -42.69% | +40.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.15% | -74.37% | +62.22% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | -92.39% | +79.87% |
Current DrawdownCurrent decline from peak | -2.93% | -86.27% | +83.34% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -35.99% | +33.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 6.37% | -5.51% |
Volatility
IBCN.DE vs. IVR - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) is 0.91%, while Invesco Mortgage Capital Inc. (IVR) has a volatility of 3.62%. This indicates that IBCN.DE experiences smaller price fluctuations and is considered to be less risky than IVR 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 | IVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 3.62% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 17.11% | -14.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 22.23% | -19.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 35.62% | -31.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 55.48% | -52.52% |
Dividends
IBCN.DE vs. IVR - Dividend Comparison
IBCN.DE's dividend yield for the trailing twelve months is around 2.44%, less than IVR's 21.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVR Invesco Mortgage Capital Inc. | 21.00% | 16.41% | 19.88% | 25.40% | 26.32% | 12.59% | 31.66% | 11.11% | 14.95% | 9.14% | 10.96% | 13.72% |
Frequently Asked Questions
IBCN.DE and IVR have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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