IS0M.DE vs. GERD.DE

Last updated Jun 5, 2026

IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) are both exchange-traded funds - IS0M.DE is a European Government Bonds fund tracking the Bloomberg Italy Treasury Bond, while GERD.DE is a Global Equities fund tracking the Solactive Gerd Kommer Multifactor Equity. Both are passively managed. Over the past year, IS0M.DE returned 0.84% vs 26.06% for GERD.DE. At a 0.26 correlation, their price movements are largely independent. IS0M.DE charges 0.20%/yr vs 0.50%/yr for GERD.DE.

Performance

IS0M.DE vs. GERD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) and L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than GERD.DE's 14.41% return.

IS0M.DE

• 1D: 0.01%
• 1M: 0.82%
• YTD: -0.32%
• 6M: -0.34%
• 1Y: 0.84%
• 3Y*: 4.15%
• 5Y*: -0.79%
• 10Y*: 0.92%

GERD.DE

• 1D: -0.18%
• 1M: 5.63%
• YTD: 14.41%
• 6M: 15.59%
• 1Y: 26.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IS0M.DE vs. GERD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist	-0.32%	3.07%	4.66%	4.58%
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc	14.41%	10.26%	18.54%	7.85%

Correlation

The correlation between IS0M.DE and GERD.DE 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 (All Time) Calculated using the full available price history since Jun 22, 2023	0.26

The correlation between IS0M.DE and GERD.DE shifts across timeframes, from 0.26 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

IS0M.DE vs. GERD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IS0M.DE

IS0M.DE Risk / Return Rank: 11
IS0M.DE Sharpe Ratio Rank: 12
IS0M.DE Sortino Ratio Rank: 11
IS0M.DE Omega Ratio Rank: 10
IS0M.DE Calmar Ratio Rank: 11
IS0M.DE Martin Ratio Rank: 12

GERD.DE

GERD.DE Risk / Return Rank: 71
GERD.DE Sharpe Ratio Rank: 67
GERD.DE Sortino Ratio Rank: 65
GERD.DE Omega Ratio Rank: 67
GERD.DE Calmar Ratio Rank: 78
GERD.DE Martin Ratio Rank: 80

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.

IS0M.DE vs. GERD.DE - 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 L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.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.

	IS0M.DE	GERD.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.17	2.18	-2.01
Sortino ratio: Return per unit of downside risk	0.29	2.96	-2.67
Omega ratio: Gain probability vs. loss probability	1.03	1.39	-0.36
Calmar ratio: Return relative to maximum drawdown	0.19	3.92	-3.73
Martin ratio: Return relative to average drawdown	0.58	15.42	-14.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IS0M.DE vs. GERD.DE - Sharpe Ratio Comparison

The current IS0M.DE Sharpe Ratio is 0.17, which is lower than the GERD.DE Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of IS0M.DE and GERD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IS0M.DE	GERD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	2.18	-2.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	1.35	-0.86

Drawdowns

IS0M.DE vs. GERD.DE - Drawdown Comparison

The maximum IS0M.DE drawdown since its inception was -21.08%, which is greater than GERD.DE's maximum drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and GERD.DE.

Drawdown Indicators

	IS0M.DE	GERD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.08%	-19.22%	-1.86%
Max Drawdown (1Y) Largest decline over 1 year	-4.28%	-6.61%	+2.33%
Max Drawdown (3Y) Largest decline over 3 years	-4.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.08%	—	—
Current Drawdown Current decline from peak	-6.33%	-0.19%	-6.14%
Average Drawdown Average peak-to-trough decline	-5.53%	-2.24%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.69%	-0.26%

Volatility

IS0M.DE vs. GERD.DE - Volatility Comparison

The current volatility for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) is 1.99%, while L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) has a volatility of 3.18%. This indicates that IS0M.DE experiences smaller price fluctuations and is considered to be less risky than GERD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IS0M.DE	GERD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	3.18%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	8.49%	-4.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.84%	11.92%	-7.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.80%	12.95%	-6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	12.95%	-6.22%

IS0M.DE vs. GERD.DE - Expense Ratio Comparison

IS0M.DE has a 0.20% expense ratio, which is lower than GERD.DE's 0.50% expense ratio.

Dividends

IS0M.DE vs. GERD.DE - Dividend Comparison

IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, while GERD.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD 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%
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist	2.83%	2.82%	2.66%	2.10%	1.05%	0.74%	0.98%	1.45%	1.37%	1.37%	1.47%	1.83%

Frequently Asked Questions

Can I hold both IS0M.DE and GERD.DE in my portfolio?

IS0M.DE and GERD.DE 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.

Which ETF is better, IS0M.DE or GERD.DE?

On fees, IS0M.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IS0M.DE or GERD.DE?

IS0M.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for GERD.DE.

What is the main difference between IS0M.DE and GERD.DE?

IS0M.DE is categorized as European Government Bonds, while GERD.DE is Global Equities. IS0M.DE tracks Bloomberg Italy Treasury Bond, while GERD.DE tracks Solactive Gerd Kommer Multifactor Equity. They also come from different issuers: iShares and LGIM Managers (Europe) Limited. Their fees differ too: 0.20% for IS0M.DE and 0.50% for GERD.DE.