SECD.DE vs. VGEA.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs -2.24%/yr for VGEA.DE. With a 0.98 correlation, they move nearly in lockstep. SECD.DE charges 0.09%/yr vs 0.07%/yr for VGEA.DE.
Performance
SECD.DE vs. VGEA.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 VGEA.DE's 0.11% 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*
- —
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
SECD.DE vs. VGEA.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% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 1.09% |
Correlation
The correlation between SECD.DE and VGEA.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.98 |
The correlation between SECD.DE and VGEA.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SECD.DE vs. VGEA.DE — Risk / Return Rank
SECD.DE
VGEA.DE
SECD.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.01 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.04 | +0.02 |
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 | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.01 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.35 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | -0.10 | -0.28 |
Drawdowns
SECD.DE vs. VGEA.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, roughly equal to the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for SECD.DE and VGEA.DE.
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Drawdown Indicators
| SECD.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -22.34% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -3.44% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -4.00% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -21.47% | +0.26% |
Current DrawdownCurrent decline from peak | -13.67% | -13.91% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -10.30% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.33% | 0.00% |
Volatility
SECD.DE vs. VGEA.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) has a higher volatility of 1.78% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 1.67%. This indicates that SECD.DE's price experiences larger fluctuations and is considered to be riskier than VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.67% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 3.62% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.33% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 6.39% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 5.86% | +0.16% |
SECD.DE vs. VGEA.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is higher than VGEA.DE's 0.07% expense ratio. However, 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. VGEA.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, while VGEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, SECD.DE and VGEA.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, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for SECD.DE.
SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for SECD.DE and 0.07% for VGEA.DE.
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