IBGM.AS vs. IMAE.AS
IBGM.AS (iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist)) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - IBGM.AS is a European Government Bonds fund tracking the BBG EU Term 7-10 Year Index, while IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IBGM.AS returned -0.17%/yr vs 9.17%/yr for IMAE.AS. At a 0.00 correlation, their price movements are largely independent. IBGM.AS charges 0.15%/yr vs 0.20%/yr for IMAE.AS.
Performance
IBGM.AS vs. IMAE.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IBGM.AS achieves a 0.01% return, which is significantly lower than IMAE.AS's 7.51% return. Over the past 10 years, IBGM.AS has underperformed IMAE.AS with an annualized return of -0.17%, while IMAE.AS has yielded a comparatively higher 9.17% annualized return.
IBGM.AS
- 1D
- 0.06%
- 1M
- -0.05%
- YTD
- 0.01%
- 6M
- 0.07%
- 1Y
- 0.71%
- 3Y*
- 2.56%
- 5Y*
- -2.33%
- 10Y*
- -0.17%
IMAE.AS
- 1D
- 0.53%
- 1M
- 1.13%
- YTD
- 7.51%
- 6M
- 9.86%
- 1Y
- 15.97%
- 3Y*
- 13.66%
- 5Y*
- 9.96%
- 10Y*
- 9.17%
IBGM.AS vs. IMAE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGM.AS iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.01% | 1.50% | 1.28% | 9.04% | -20.29% | -3.24% | 4.29% | 6.68% | 1.19% | 1.04% |
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.51% | 19.74% | 8.89% | 15.99% | -9.31% | 25.66% | -3.06% | 25.45% | -9.65% | 10.15% |
Correlation
The correlation between IBGM.AS and IMAE.AS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.00 |
Over the past year, IBGM.AS and IMAE.AS have become more correlated (0.44) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
IBGM.AS vs. IMAE.AS — Risk / Return Rank
IBGM.AS
IMAE.AS
IBGM.AS vs. IMAE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). 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.
| IBGM.AS | IMAE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 1.68 | -1.63 |
| Martin ratioReturn relative to average drawdown | 0.14 | 6.22 | -6.08 |
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
| IBGM.AS | IMAE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 1.25 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.69 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.58 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.53 | -0.13 |
Drawdowns
IBGM.AS vs. IMAE.AS - Drawdown Comparison
The maximum IBGM.AS drawdown since its inception was -23.23%, smaller than the maximum IMAE.AS drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for IBGM.AS and IMAE.AS.
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Drawdown Indicators
| IBGM.AS | IMAE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -35.60% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -9.47% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -16.51% | +11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -19.44% | -3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -23.23% | -35.60% | +12.37% |
Current DrawdownCurrent decline from peak | -13.69% | -1.69% | -12.00% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -5.32% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.56% | -1.04% |
Volatility
IBGM.AS vs. IMAE.AS - Volatility Comparison
The current volatility for iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.AS) is 2.32%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a volatility of 4.39%. This indicates that IBGM.AS experiences smaller price fluctuations and is considered to be less risky than IMAE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGM.AS | IMAE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 4.39% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 10.62% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.13% | 12.76% | -7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 14.15% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 15.54% | -9.41% |
IBGM.AS vs. IMAE.AS - Expense Ratio Comparison
IBGM.AS has a 0.15% expense ratio, which is lower than IMAE.AS's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBGM.AS vs. IMAE.AS - Dividend Comparison
IBGM.AS's dividend yield for the trailing twelve months is around 2.92%, while IMAE.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGM.AS iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBGM.AS and IMAE.AS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBGM.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBGM.AS is cheaper with a 0.15% expense ratio, compared with 0.20% for IMAE.AS.
IBGM.AS is categorized as European Government Bonds, while IMAE.AS is Europe Equities. IBGM.AS tracks BBG EU Term 7-10 Year Index, while IMAE.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.15% for IBGM.AS and 0.20% for IMAE.AS.
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