IS0P.DE vs. SECD.DE
IS0P.DE (iShares Spain Government Bond UCITS ETF Dist) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds from iShares - IS0P.DE tracks the Bloomberg Spain Treasury Bond while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, IS0P.DE returned -1.97%/yr vs -2.52%/yr for SECD.DE. Their correlation of 0.89 suggests significant overlap in exposure. IS0P.DE charges 0.20%/yr vs 0.09%/yr for SECD.DE.
Performance
IS0P.DE vs. SECD.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 higher than SECD.DE's -0.33% 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%
SECD.DE
- 1D
- 0.00%
- 1M
- -0.98%
- 6M
- -0.57%
- YTD
- -0.33%
- 1Y
- 0.49%
- 3Y*
- 2.29%
- 5Y*
- -2.52%
- 10Y*
- —
IS0P.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | -0.28% | 1.84% | 2.83% | 6.58% | -17.73% | -3.10% | 1.29% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | -0.33% | 0.66% | 1.63% | 7.05% | -18.20% | -3.36% | 1.22% |
Correlation
The correlation between IS0P.DE and SECD.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.89 |
Over the past year, the correlation between IS0P.DE and SECD.DE has dropped to 0.64 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
IS0P.DE vs. SECD.DE — Risk / Return Rank
IS0P.DE
SECD.DE
IS0P.DE vs. SECD.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 iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.02 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.14 | +0.23 |
| Martin ratioReturn relative to average drawdown | 0.95 | 0.37 | +0.59 |
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Drawdowns
IS0P.DE vs. SECD.DE - Drawdown Comparison
The maximum IS0P.DE drawdown since its inception was -21.93%, roughly equal to the maximum SECD.DE drawdown of -22.08%. Use the drawdown chart below to compare losses from any high point for IS0P.DE and SECD.DE.
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Drawdown Indicators
| IS0P.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.93% | -22.08% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.38% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -3.92% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -21.15% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -21.93% | — | — |
Current DrawdownCurrent decline from peak | -11.78% | -14.05% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -12.68% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.32% | +0.02% |
Volatility
IS0P.DE vs. SECD.DE - Volatility Comparison
iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) has a higher volatility of 1.16% compared to iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) at 1.00%. This indicates that IS0P.DE's price experiences larger fluctuations and is considered to be riskier than SECD.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 | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.00% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 4.05% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 4.82% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 6.50% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 6.19% | -0.70% |
IS0P.DE vs. SECD.DE - Expense Ratio Comparison
IS0P.DE has a 0.20% expense ratio, which is higher than SECD.DE's 0.09% 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. SECD.DE - Dividend Comparison
IS0P.DE's dividend yield for the trailing twelve months is around 2.51%, less than SECD.DE's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.72% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS0P.DE and SECD.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for IS0P.DE.
IS0P.DE tracks Bloomberg Spain Treasury Bond, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Their fees differ too: 0.20% for IS0P.DE and 0.09% for SECD.DE.
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