IS0M.DE vs. ^BCOM
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) is European Government Bonds fund tracking the Bloomberg Italy Treasury Bond, while ^BCOM (Bloomberg Commodity Index) is an index. Over the past 10 years, IS0M.DE returned 0.92%/yr vs 4.17%/yr for ^BCOM. At a correlation of -0.00, they often move in opposite directions.
Performance
IS0M.DE vs. ^BCOM - Performance Comparison
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Different Trading Currencies
IS0M.DE is traded in EUR, while ^BCOM is traded in USD. To make them comparable, the ^BCOM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than ^BCOM's 25.01% return. Over the past 10 years, IS0M.DE has underperformed ^BCOM with an annualized return of 0.92%, while ^BCOM has yielded a comparatively higher 4.17% annualized return.
IS0M.DE
- 1D
- 0.01%
- 1M
- -0.06%
- YTD
- -0.32%
- 6M
- -0.26%
- 1Y
- 1.11%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
^BCOM
- 1D
- -1.28%
- 1M
- -3.27%
- YTD
- 25.01%
- 6M
- 22.33%
- 1Y
- 30.19%
- 3Y*
- 7.71%
- 5Y*
- 8.44%
- 10Y*
- 4.17%
IS0M.DE vs. ^BCOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -17.24% | -2.99% | 7.54% | 10.45% | -1.48% | 0.31% |
^BCOM Bloomberg Commodity Index | 25.03% | -2.11% | 6.73% | -15.17% | 20.80% | 36.56% | -11.46% | 7.82% | -8.90% | -11.63% |
Correlation
The correlation between IS0M.DE and ^BCOM is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | -0.00 |
Over the past year, the inverse relationship between IS0M.DE and ^BCOM has strengthened: their correlation has moved from -0.00 to -0.32, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IS0M.DE vs. ^BCOM — Risk / Return Rank
IS0M.DE
^BCOM
IS0M.DE vs. ^BCOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) and Bloomberg Commodity Index (^BCOM). 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.
| IS0M.DE | ^BCOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.29 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 3.42 | -3.23 |
| Martin ratioReturn relative to average drawdown | 0.58 | 7.44 | -6.86 |
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
| IS0M.DE | ^BCOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 1.59 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.49 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.27 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.01 | +0.50 |
Drawdowns
IS0M.DE vs. ^BCOM - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, smaller than the maximum ^BCOM drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and ^BCOM.
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Drawdown Indicators
| IS0M.DE | ^BCOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -64.02% | +42.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -8.63% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -17.19% | +12.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -34.30% | +13.45% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -35.33% | +14.25% |
Current DrawdownCurrent decline from peak | -6.33% | -22.94% | +16.61% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -38.50% | +32.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 4.01% | -2.58% |
Volatility
IS0M.DE vs. ^BCOM - Volatility Comparison
The current volatility for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) is 1.99%, while Bloomberg Commodity Index (^BCOM) has a volatility of 5.16%. This indicates that IS0M.DE experiences smaller price fluctuations and is considered to be less risky than ^BCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0M.DE | ^BCOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 5.16% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 16.11% | -11.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 18.56% | -13.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 17.12% | -10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 15.45% | -8.72% |
Frequently Asked Questions
IS0M.DE and ^BCOM have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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