NADB.DE vs. IBCC.DE
NADB.DE (Amundi Euro Government Bond 10-15Y UCITS ETF (Dist)) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - NADB.DE tracks the Bloomberg Euro Treasury 50bn 10-15 Year Bond Index while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, NADB.DE returned -3.45%/yr vs 4.17%/yr for IBCC.DE. At a correlation of -0.10, they often move in opposite directions. NADB.DE charges 0.15%/yr vs 0.07%/yr for IBCC.DE.
Performance
NADB.DE vs. IBCC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NADB.DE achieves a 1.02% return, which is significantly lower than IBCC.DE's 4.60% return.
NADB.DE
- 1D
- -0.07%
- 1M
- 0.85%
- 6M
- 1.51%
- YTD
- 1.02%
- 1Y
- 1.09%
- 3Y*
- 3.02%
- 5Y*
- -3.45%
- 10Y*
- —
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
NADB.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) | 1.02% | 0.65% | 1.08% | 10.32% | -25.16% | -4.32% | 2.06% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -3.59% |
Correlation
The correlation between NADB.DE and IBCC.DE is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | -0.10 |
The correlation between NADB.DE and IBCC.DE shifts across timeframes, from -0.27 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.
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
NADB.DE vs. IBCC.DE — Risk / Return Rank
NADB.DE
IBCC.DE
NADB.DE vs. IBCC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) and iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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.
| NADB.DE | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 2.10 | -1.89 |
| Martin ratioReturn relative to average drawdown | 0.56 | 4.78 | -4.22 |
Loading charts...
Drawdowns
NADB.DE vs. IBCC.DE - Drawdown Comparison
The maximum NADB.DE drawdown since its inception was -30.03%, which is greater than IBCC.DE's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for NADB.DE and IBCC.DE.
Loading charts...
Drawdown Indicators
| NADB.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.03% | -16.17% | -13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -3.24% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -11.59% | +4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -29.32% | -11.69% | -17.63% |
Current DrawdownCurrent decline from peak | -19.15% | -5.33% | -13.82% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -7.99% | -9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.43% | +0.51% |
Volatility
NADB.DE vs. IBCC.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) (NADB.DE) is 1.64%, while iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a volatility of 1.88%. This indicates that NADB.DE experiences smaller price fluctuations and is considered to be less risky than IBCC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NADB.DE | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.88% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 4.35% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 6.23% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 7.57% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 8.43% | +0.21% |
NADB.DE vs. IBCC.DE - Expense Ratio Comparison
NADB.DE has a 0.15% expense ratio, which is higher than IBCC.DE's 0.07% 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
NADB.DE vs. IBCC.DE - Dividend Comparison
NADB.DE's dividend yield for the trailing twelve months is around 2.63%, less than IBCC.DE's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
NADB.DE Amundi Euro Government Bond 10-15Y UCITS ETF (Dist) | 2.63% | 2.66% | 2.37% | 2.10% | 2.86% | 2.20% | 0.93% | 0.00% |
Frequently Asked Questions
NADB.DE and IBCC.DE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCC.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for NADB.DE.
NADB.DE tracks Bloomberg Euro Treasury 50bn 10-15 Year Bond Index, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for NADB.DE and 0.07% for IBCC.DE.
Find the right allocation for NADB.DE and IBCC.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