IS0M.DE vs. IBCA.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IS0M.DE tracks the Bloomberg Italy Treasury Bond while IBCA.DE tracks the Bloomberg Euro Government Bond 1-3. Both are passively managed. Over the past 10 years, IS0M.DE returned 0.92%/yr vs 0.36%/yr for IBCA.DE. A 0.76 correlation means they provide meaningful diversification when combined. IS0M.DE charges 0.20%/yr vs 0.15%/yr for IBCA.DE.
Performance
IS0M.DE vs. IBCA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than IBCA.DE's 0.16% return. Over the past 10 years, IS0M.DE has outperformed IBCA.DE with an annualized return of 0.92%, while IBCA.DE has yielded a comparatively lower 0.36% 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%
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.09%
- YTD
- 0.16%
- 6M
- 0.30%
- 1Y
- 1.12%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
IS0M.DE vs. IBCA.DE - 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% |
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
Correlation
The correlation between IS0M.DE and IBCA.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.76 |
The correlation between IS0M.DE and IBCA.DE shifts across timeframes, from 0.70 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0M.DE vs. IBCA.DE — Risk / Return Rank
IS0M.DE
IBCA.DE
IS0M.DE vs. IBCA.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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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 | IBCA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.84 | -0.65 |
| Martin ratioReturn relative to average drawdown | 0.58 | 2.70 | -2.11 |
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 | IBCA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.71 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.52 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.09 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.25 | +0.24 |
Drawdowns
IS0M.DE vs. IBCA.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, which is greater than IBCA.DE's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and IBCA.DE.
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Drawdown Indicators
| IS0M.DE | IBCA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -8.31% | -12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -1.14% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -1.14% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -5.21% | -15.64% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -8.31% | -12.77% |
Current DrawdownCurrent decline from peak | -6.33% | -0.45% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -1.03% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.36% | +1.07% |
Volatility
IS0M.DE vs. IBCA.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) at 0.64%. This indicates that IS0M.DE's price experiences larger fluctuations and is considered to be riskier than IBCA.DE 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 | IBCA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.64% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.27% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 1.36% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 1.55% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 3.81% | +2.92% |
IS0M.DE vs. IBCA.DE - Expense Ratio Comparison
IS0M.DE has a 0.20% expense ratio, which is higher than IBCA.DE's 0.15% 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
IS0M.DE vs. IBCA.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, more than IBCA.DE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
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
IS0M.DE and IBCA.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCA.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, while IBCA.DE tracks Bloomberg Euro Government Bond 1-3. Their fees differ too: 0.20% for IS0M.DE and 0.15% for IBCA.DE.
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