IS0P.DE vs. D5BC.DE
IS0P.DE (iShares Spain Government Bond UCITS ETF Dist) and D5BC.DE (Xtrackers II Germany Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - IS0P.DE tracks the Bloomberg Spain Treasury Bond while D5BC.DE tracks the iBoxx® EUR Germany 1-3. Both are passively managed. Over the past 10 years, IS0P.DE returned 0.26%/yr vs -0.26%/yr for D5BC.DE. At a 0.43 correlation, their price movements are largely independent. IS0P.DE charges 0.20%/yr vs 0.15%/yr for D5BC.DE.
Performance
IS0P.DE vs. D5BC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0P.DE achieves a -0.28% return, which is significantly lower than D5BC.DE's 0.17% return. Over the past 10 years, IS0P.DE has outperformed D5BC.DE with an annualized return of 0.26%, while D5BC.DE has yielded a comparatively lower -0.26% annualized return.
IS0P.DE
- 1D
- -0.01%
- 1M
- -0.70%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 1.28%
- 3Y*
- 3.21%
- 5Y*
- -1.97%
- 10Y*
- 0.26%
D5BC.DE
- 1D
- 0.04%
- 1M
- -0.04%
- 6M
- 0.02%
- YTD
- 0.17%
- 1Y
- 0.60%
- 3Y*
- 2.25%
- 5Y*
- 0.27%
- 10Y*
- -0.26%
IS0P.DE vs. D5BC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | -0.28% | 1.84% | 2.83% | 6.58% | -17.73% | -3.10% | 3.98% | 8.51% | 2.38% | 0.56% |
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 0.17% | 1.63% | 2.59% | 2.51% | -4.89% | -1.05% | -0.76% | -0.90% | -0.47% | -1.07% |
Correlation
The correlation between IS0P.DE and D5BC.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 8, 2012 | 0.43 |
Over the past year, IS0P.DE and D5BC.DE have become more correlated (0.69) than their long-term average of 0.43, meaning their price movements have been converging.
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Return for Risk
IS0P.DE vs. D5BC.DE — Risk / Return Rank
IS0P.DE
D5BC.DE
IS0P.DE vs. D5BC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) and Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS0P.DE | D5BC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.09 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.55 | -0.18 |
| Martin ratioReturn relative to average drawdown | 0.95 | 1.57 | -0.61 |
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Drawdowns
IS0P.DE vs. D5BC.DE - Drawdown Comparison
The maximum IS0P.DE drawdown since its inception was -21.93%, which is greater than D5BC.DE's maximum drawdown of -12.70%. Use the drawdown chart below to compare losses from any high point for IS0P.DE and D5BC.DE.
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Drawdown Indicators
| IS0P.DE | D5BC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.93% | -12.70% | -9.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -1.08% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -1.08% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -6.27% | -14.57% |
Max Drawdown (10Y)Largest decline over 10 years | -21.93% | -9.83% | -12.10% |
Current DrawdownCurrent decline from peak | -11.78% | -5.70% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -4.94% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.38% | +0.96% |
Volatility
IS0P.DE vs. D5BC.DE - Volatility Comparison
iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) has a higher volatility of 1.16% compared to Xtrackers II Germany Government Bond 1-3 UCITS ETF (D5BC.DE) at 0.60%. This indicates that IS0P.DE's price experiences larger fluctuations and is considered to be riskier than D5BC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0P.DE | D5BC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.60% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 1.19% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 1.37% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 1.61% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 1.23% | +4.26% |
IS0P.DE vs. D5BC.DE - Expense Ratio Comparison
IS0P.DE has a 0.20% expense ratio, which is higher than D5BC.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
IS0P.DE vs. D5BC.DE - Dividend Comparison
IS0P.DE's dividend yield for the trailing twelve months is around 2.51%, more than D5BC.DE's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BC.DE Xtrackers II Germany Government Bond 1-3 UCITS ETF | 1.26% | 0.98% | 0.68% | 0.54% | 1.15% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% | 0.00% |
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | 2.51% | 2.38% | 1.96% | 1.22% | 0.63% | 0.46% | 0.45% | 0.75% | 1.08% | 1.29% | 1.38% | 1.67% |
Frequently Asked Questions
IS0P.DE and D5BC.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BC.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0P.DE.
IS0P.DE tracks Bloomberg Spain Treasury Bond, while D5BC.DE tracks iBoxx® EUR Germany 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for IS0P.DE and 0.15% for D5BC.DE.
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