SECD.DE vs. IBCN.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) are both European Government Bonds funds from iShares - SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while IBCN.DE tracks the Bloomberg Euro Government Bond 5. Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs -0.39%/yr for IBCN.DE. Their correlation of 0.92 suggests significant overlap in exposure. SECD.DE charges 0.09%/yr vs 0.15%/yr for IBCN.DE.
Performance
SECD.DE vs. IBCN.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 higher than IBCN.DE's 0.05% 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*
- —
IBCN.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.05%
- 6M
- -0.06%
- 1Y
- 0.68%
- 3Y*
- 2.68%
- 5Y*
- -0.39%
- 10Y*
- 0.17%
SECD.DE vs. IBCN.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% |
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 0.26% |
Correlation
The correlation between SECD.DE and IBCN.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.92 |
The correlation between SECD.DE and IBCN.DE has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
SECD.DE vs. IBCN.DE — Risk / Return Rank
SECD.DE
IBCN.DE
SECD.DE vs. IBCN.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 iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.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 | IBCN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.14 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.02 | 0.40 | -0.43 |
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 | IBCN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.14 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.11 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.45 | -0.83 |
Drawdowns
SECD.DE vs. IBCN.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, which is greater than IBCN.DE's maximum drawdown of -12.52%. Use the drawdown chart below to compare losses from any high point for SECD.DE and IBCN.DE.
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Drawdown Indicators
| SECD.DE | IBCN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -12.52% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -2.41% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -2.41% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -12.15% | -9.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.52% | — |
Current DrawdownCurrent decline from peak | -13.67% | -2.93% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -2.32% | -10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.86% | +0.47% |
Volatility
SECD.DE vs. IBCN.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a higher volatility of 1.78% compared to iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) at 0.91%. This indicates that SECD.DE's price experiences larger fluctuations and is considered to be riskier than IBCN.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 | IBCN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 0.91% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 2.24% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 2.53% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 3.63% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 2.96% | +3.06% |
SECD.DE vs. IBCN.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is lower than IBCN.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
SECD.DE vs. IBCN.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, more than IBCN.DE's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 2.44% | 2.51% | 2.61% | 0.80% | 0.00% | 0.00% | 0.00% | 0.07% | 0.12% | 0.08% | 0.13% | 0.61% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SECD.DE and IBCN.DE have a correlation of 0.87, 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 0.15% for IBCN.DE.
SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while IBCN.DE tracks Bloomberg Euro Government Bond 5. Their fees differ too: 0.09% for SECD.DE and 0.15% for IBCN.DE.
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