IS0M.DE vs. XZEB.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds - IS0M.DE tracks the Bloomberg Italy Treasury Bond while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, IS0M.DE returned 4.15%/yr vs 1.37%/yr for XZEB.DE. Their correlation of 0.91 suggests significant overlap in exposure. IS0M.DE charges 0.20%/yr vs 0.15%/yr for XZEB.DE.
Performance
IS0M.DE vs. XZEB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than XZEB.DE's 0.20% 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%
XZEB.DE
- 1D
- 0.07%
- 1M
- 0.46%
- YTD
- 0.20%
- 6M
- 0.05%
- 1Y
- -0.71%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
IS0M.DE vs. XZEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -6.40% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
Correlation
The correlation between IS0M.DE and XZEB.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.91 |
The correlation between IS0M.DE and XZEB.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS0M.DE vs. XZEB.DE — Risk / Return Rank
IS0M.DE
XZEB.DE
IS0M.DE vs. XZEB.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 II ESG Eurozone Government Bond UCITS ETF (XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.97 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | -0.24 | +0.43 |
| Martin ratioReturn relative to average drawdown | 0.58 | -0.53 | +1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IS0M.DE | XZEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | -0.17 | +0.34 |
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 | -0.11 | +0.60 |
Drawdowns
IS0M.DE vs. XZEB.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, which is greater than XZEB.DE's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and XZEB.DE.
Loading charts...
Drawdown Indicators
| IS0M.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -13.98% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -2.97% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -4.45% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -6.33% | -7.28% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -8.40% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.33% | +0.10% |
Volatility
IS0M.DE vs. XZEB.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) at 1.57%. This indicates that IS0M.DE's price experiences larger fluctuations and is considered to be riskier than XZEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS0M.DE | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.57% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 3.45% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 4.14% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 6.32% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 6.32% | +0.41% |
IS0M.DE vs. XZEB.DE - Expense Ratio Comparison
IS0M.DE has a 0.20% expense ratio, which is higher than XZEB.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. XZEB.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, while XZEB.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% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond 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
With a correlation of 0.94, IS0M.DE and XZEB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XZEB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEB.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, while XZEB.DE tracks FTSE ESG Select EMU Government Bond. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IS0M.DE and 0.15% for XZEB.DE.
Find the right allocation for IS0M.DE and XZEB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer