SECA.DE vs. X03B.DE
SECA.DE (iShares Euro Government Bond Climate UCITS ETF EUR Acc) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - SECA.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, SECA.DE returned -2.22%/yr vs 0.68%/yr for X03B.DE. Their correlation of 0.82 suggests significant overlap in exposure. SECA.DE charges 0.09%/yr vs 0.15%/yr for X03B.DE.
Performance
SECA.DE vs. X03B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECA.DE achieves a 0.13% return, which is significantly higher than X03B.DE's 0.05% return.
SECA.DE
- 1D
- 0.06%
- 1M
- -0.06%
- YTD
- 0.13%
- 6M
- 0.13%
- 1Y
- 0.29%
- 3Y*
- 2.33%
- 5Y*
- -2.22%
- 10Y*
- —
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
SECA.DE vs. X03B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECA.DE iShares Euro Government Bond Climate UCITS ETF EUR Acc | 0.13% | 0.69% | 1.43% | 6.89% | -18.10% | -3.27% | 1.18% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | 0.02% |
Correlation
The correlation between SECA.DE and X03B.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.82 |
The correlation between SECA.DE and X03B.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
SECA.DE vs. X03B.DE — Risk / Return Rank
SECA.DE
X03B.DE
SECA.DE vs. X03B.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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.
| SECA.DE | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.63 | -0.64 |
| Martin ratioReturn relative to average drawdown | -0.02 | 2.04 | -2.06 |
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
| SECA.DE | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 0.62 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.41 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.57 | -0.95 |
Drawdowns
SECA.DE vs. X03B.DE - Drawdown Comparison
The maximum SECA.DE drawdown since its inception was -22.52%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for SECA.DE and X03B.DE.
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Drawdown Indicators
| SECA.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.52% | -6.78% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -1.28% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -1.28% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -5.67% | -15.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.78% | — |
Current DrawdownCurrent decline from peak | -14.23% | -0.51% | -13.72% |
Average DrawdownAverage peak-to-trough decline | -13.15% | -1.19% | -11.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.40% | +0.97% |
Volatility
SECA.DE vs. X03B.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.DE) has a higher volatility of 1.71% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that SECA.DE's price experiences larger fluctuations and is considered to be riskier than X03B.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SECA.DE | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 0.50% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 1.20% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 1.30% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 1.63% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 1.32% | +4.80% |
SECA.DE vs. X03B.DE - Expense Ratio Comparison
SECA.DE has a 0.09% expense ratio, which is lower than X03B.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SECA.DE vs. X03B.DE - Dividend Comparison
SECA.DE has not paid dividends to shareholders, while X03B.DE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SECA.DE iShares Euro Government Bond Climate UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
SECA.DE and X03B.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECA.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECA.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for X03B.DE.
SECA.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for SECA.DE and 0.15% for X03B.DE.
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