IBCN.DE vs. SECD.DE
IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds from iShares - IBCN.DE tracks the Bloomberg Euro Government Bond 5 while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, IBCN.DE returned -0.39%/yr vs -2.19%/yr for SECD.DE. Their correlation of 0.92 suggests significant overlap in exposure. IBCN.DE charges 0.15%/yr vs 0.09%/yr for SECD.DE.
Performance
IBCN.DE vs. SECD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCN.DE achieves a 0.05% return, which is significantly lower than SECD.DE's 0.13% 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%
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
IBCN.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 0.26% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between IBCN.DE and SECD.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.92 |
The correlation between IBCN.DE and SECD.DE has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCN.DE vs. SECD.DE — Risk / Return Rank
IBCN.DE
SECD.DE
IBCN.DE vs. SECD.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 Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.01 | +0.15 |
| Martin ratioReturn relative to average drawdown | 0.40 | -0.02 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCN.DE | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.01 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.34 | +0.24 |
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 | -0.38 | +0.83 |
Drawdowns
IBCN.DE vs. SECD.DE - Drawdown Comparison
The maximum IBCN.DE drawdown since its inception was -12.52%, smaller than the maximum SECD.DE drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and SECD.DE.
Loading charts...
Drawdown Indicators
| IBCN.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -22.04% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.41% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -3.96% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.15% | -21.21% | +9.06% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -13.67% | +10.74% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -12.64% | +10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.33% | -0.47% |
Volatility
IBCN.DE vs. SECD.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) is 0.91%, while iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a volatility of 1.78%. This indicates that IBCN.DE experiences smaller price fluctuations and is considered to be less risky than SECD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCN.DE | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.78% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 3.63% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 4.34% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 6.28% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 6.02% | -3.06% |
IBCN.DE vs. SECD.DE - Expense Ratio Comparison
IBCN.DE has a 0.15% expense ratio, which is higher than SECD.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBCN.DE vs. SECD.DE - Dividend Comparison
IBCN.DE's dividend yield for the trailing twelve months is around 2.44%, less than SECD.DE's 2.71% 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% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBCN.DE and SECD.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for IBCN.DE.
IBCN.DE tracks Bloomberg Euro Government Bond 5, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Their fees differ too: 0.15% for IBCN.DE and 0.09% for SECD.DE.
Find the right allocation for IBCN.DE and SECD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer