SECD.DE vs. EIB3.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs 0.63%/yr for EIB3.DE. A 0.80 correlation means they provide meaningful diversification when combined. SECD.DE charges 0.09%/yr vs 0.10%/yr for EIB3.DE.
Performance
SECD.DE vs. EIB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECD.DE achieves a 0.13% return, which is significantly lower than EIB3.DE's 0.19% return.
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.06%
- YTD
- 0.19%
- 6M
- 0.56%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
SECD.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.01% |
Correlation
The correlation between SECD.DE and EIB3.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.80 |
Over the past year, the correlation between SECD.DE and EIB3.DE has dropped to 0.56 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
SECD.DE vs. EIB3.DE — Risk / Return Rank
SECD.DE
EIB3.DE
SECD.DE vs. EIB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
| SECD.DE | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.50 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.02 | 1.50 | -1.52 |
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
| SECD.DE | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.26 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.30 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.17 | -0.55 |
Drawdowns
SECD.DE vs. EIB3.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for SECD.DE and EIB3.DE.
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Drawdown Indicators
| SECD.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -6.78% | -15.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -1.60% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -1.60% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -5.91% | -15.30% |
Current DrawdownCurrent decline from peak | -13.67% | -0.68% | -12.99% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -2.06% | -10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.54% | +0.79% |
Volatility
SECD.DE vs. EIB3.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a higher volatility of 1.78% compared to Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) at 1.50%. This indicates that SECD.DE's price experiences larger fluctuations and is considered to be riskier than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SECD.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.50% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 2.75% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 3.11% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 2.11% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 1.89% | +4.13% |
SECD.DE vs. EIB3.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is lower than EIB3.DE's 0.10% 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
SECD.DE vs. EIB3.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, more than EIB3.DE's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% |
Frequently Asked Questions
SECD.DE and EIB3.DE have a correlation of 0.56, 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 0.10% for EIB3.DE.
SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.09% for SECD.DE and 0.10% for EIB3.DE.
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