IS0M.DE vs. XYP1.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) are both European Government Bonds funds - IS0M.DE tracks the Bloomberg Italy Treasury Bond while XYP1.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. Both are passively managed. Over the past 10 years, IS0M.DE returned 0.92%/yr vs 0.56%/yr for XYP1.DE. A 0.78 correlation means they provide meaningful diversification when combined. IS0M.DE charges 0.20%/yr vs 0.15%/yr for XYP1.DE.
Performance
IS0M.DE vs. XYP1.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 XYP1.DE's 0.03% return. Over the past 10 years, IS0M.DE has outperformed XYP1.DE with an annualized return of 0.92%, while XYP1.DE has yielded a comparatively lower 0.56% 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%
XYP1.DE
- 1D
- 0.05%
- 1M
- 0.03%
- YTD
- 0.03%
- 6M
- 0.15%
- 1Y
- 0.93%
- 3Y*
- 2.85%
- 5Y*
- 0.86%
- 10Y*
- 0.56%
IS0M.DE vs. XYP1.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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 0.03% | 2.37% | 3.44% | 3.75% | -4.62% | -0.71% | 0.54% | 1.24% | -0.04% | -0.30% |
Correlation
The correlation between IS0M.DE and XYP1.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013 | 0.78 |
The correlation between IS0M.DE and XYP1.DE has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
IS0M.DE vs. XYP1.DE — Risk / Return Rank
IS0M.DE
XYP1.DE
IS0M.DE vs. XYP1.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 Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.55 | -0.36 |
| Martin ratioReturn relative to average drawdown | 0.58 | 1.75 | -1.17 |
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 | XYP1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.56 | -0.38 |
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 | 0.28 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.46 | +0.03 |
Drawdowns
IS0M.DE vs. XYP1.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, which is greater than XYP1.DE's maximum drawdown of -5.77%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and XYP1.DE.
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Drawdown Indicators
| IS0M.DE | XYP1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -5.77% | -15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -1.39% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -1.39% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -5.53% | -15.32% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -5.77% | -15.31% |
Current DrawdownCurrent decline from peak | -6.33% | -0.61% | -5.72% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -0.93% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.44% | +0.99% |
Volatility
IS0M.DE vs. XYP1.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) at 0.49%. This indicates that IS0M.DE's price experiences larger fluctuations and is considered to be riskier than XYP1.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 | XYP1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.49% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.25% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 1.38% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 1.75% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 2.01% | +4.72% |
IS0M.DE vs. XYP1.DE - Expense Ratio Comparison
IS0M.DE has a 0.20% expense ratio, which is higher than XYP1.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. XYP1.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, while XYP1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | 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
IS0M.DE and XYP1.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYP1.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYP1.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, while XYP1.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IS0M.DE and 0.15% for XYP1.DE.
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