SECD.DE vs. EIBX.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and EIBX.DE (Invesco Euro Government Bond 7-10 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 EIBX.DE tracks the Bloomberg Euro Government Select 7-10. Both are passively managed. Over the past 5 years, SECD.DE returned -2.81%/yr vs -2.60%/yr for EIBX.DE. Their correlation of 0.90 suggests significant overlap in exposure. SECD.DE charges 0.09%/yr vs 0.10%/yr for EIBX.DE.
Performance
SECD.DE vs. EIBX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECD.DE achieves a -1.81% return, which is significantly lower than EIBX.DE's -0.47% return.
SECD.DE
- 1D
- 0.00%
- 1M
- -1.33%
- 6M
- -0.84%
- YTD
- -1.81%
- 1Y
- -1.33%
- 3Y*
- 1.53%
- 5Y*
- -2.81%
- 10Y*
- —
EIBX.DE
- 1D
- 0.03%
- 1M
- -1.34%
- 6M
- -0.83%
- YTD
- -0.47%
- 1Y
- 0.37%
- 3Y*
- 2.36%
- 5Y*
- -2.60%
- 10Y*
- —
SECD.DE vs. EIBX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | -1.81% | 0.66% | 1.63% | 7.05% | -18.20% | -3.36% | 1.22% |
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | -0.47% | 1.88% | 0.91% | 8.83% | -19.82% | -2.95% | 1.36% |
Correlation
The correlation between SECD.DE and EIBX.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.90 |
Over the past year, the correlation between SECD.DE and EIBX.DE has dropped to 0.62 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
SECD.DE vs. EIBX.DE — Risk / Return Rank
SECD.DE
EIBX.DE
SECD.DE vs. EIBX.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 7-10 Year UCITS ETF Dist (EIBX.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.
| SECD.DE | EIBX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.02 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.09 | -0.43 |
| Martin ratioReturn relative to average drawdown | -0.79 | 0.23 | -1.01 |
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Drawdowns
SECD.DE vs. EIBX.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.08%, roughly equal to the maximum EIBX.DE drawdown of -23.08%. Use the drawdown chart below to compare losses from any high point for SECD.DE and EIBX.DE.
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Drawdown Indicators
| SECD.DE | EIBX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -23.08% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -4.07% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -4.43% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -22.78% | +1.63% |
Current DrawdownCurrent decline from peak | -15.32% | -13.71% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -11.09% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.62% | +0.07% |
Volatility
SECD.DE vs. EIBX.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) is 1.00%, while Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) has a volatility of 1.55%. This indicates that SECD.DE experiences smaller price fluctuations and is considered to be less risky than EIBX.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 | EIBX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.55% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 4.25% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.95% | 5.14% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 7.43% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 6.56% | -0.35% |
SECD.DE vs. EIBX.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is lower than EIBX.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. EIBX.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 1.39%, less than EIBX.DE's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist | 3.00% | 2.89% | 2.87% | 2.43% | 0.12% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 1.39% | 2.59% | 2.30% | 1.17% | 0.00% |
Frequently Asked Questions
SECD.DE and EIBX.DE have a correlation of 0.62, 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 EIBX.DE.
SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while EIBX.DE tracks Bloomberg Euro Government Select 7-10. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.09% for SECD.DE and 0.10% for EIBX.DE.
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