SECA.DE vs. XZEB.DE
SECA.DE (iShares Euro Government Bond Climate UCITS ETF EUR Acc) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds - SECA.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, SECA.DE returned 2.33%/yr vs 1.37%/yr for XZEB.DE. With a 0.96 correlation, they move nearly in lockstep. SECA.DE charges 0.09%/yr vs 0.15%/yr for XZEB.DE.
Performance
SECA.DE vs. XZEB.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 lower than XZEB.DE's 0.20% 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*
- —
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
SECA.DE vs. XZEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SECA.DE iShares Euro Government Bond Climate UCITS ETF EUR Acc | 0.13% | 0.69% | 1.43% | 6.89% | -6.94% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
Correlation
The correlation between SECA.DE and XZEB.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.96 |
The correlation between SECA.DE and XZEB.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
SECA.DE vs. XZEB.DE — Risk / Return Rank
SECA.DE
XZEB.DE
SECA.DE vs. XZEB.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 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.
| SECA.DE | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.97 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.24 | +0.23 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.53 | +0.52 |
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 | XZEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | -0.17 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | -0.11 | -0.27 |
Drawdowns
SECA.DE vs. XZEB.DE - Drawdown Comparison
The maximum SECA.DE drawdown since its inception was -22.52%, 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 SECA.DE and XZEB.DE.
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Drawdown Indicators
| SECA.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.52% | -13.98% | -8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -2.97% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.45% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | — | — |
Current DrawdownCurrent decline from peak | -14.23% | -7.28% | -6.95% |
Average DrawdownAverage peak-to-trough decline | -13.15% | -8.40% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.33% | +0.04% |
Volatility
SECA.DE vs. XZEB.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.DE) has a higher volatility of 1.71% compared to Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) at 1.57%. This indicates that SECA.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.
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Volatility by Period
| SECA.DE | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.57% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 3.45% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.14% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 6.32% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 6.32% | -0.20% |
SECA.DE vs. XZEB.DE - Expense Ratio Comparison
SECA.DE has a 0.09% expense ratio, which is lower than XZEB.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. XZEB.DE - Dividend Comparison
Neither SECA.DE nor XZEB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SECA.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, 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 XZEB.DE.
SECA.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while XZEB.DE tracks FTSE ESG Select EMU Government Bond. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for SECA.DE and 0.15% for XZEB.DE.
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