SECD.DE vs. VGEB.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs -2.17%/yr for VGEB.DE. With a 0.99 correlation, they move nearly in lockstep. SECD.DE charges 0.09%/yr vs 0.07%/yr for VGEB.DE.
Performance
SECD.DE vs. VGEB.DE - Performance Comparison
Loading charts...
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SECD.DE at 0.13% and VGEB.DE at 0.13%.
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.00%
- YTD
- 0.13%
- 6M
- 0.18%
- 1Y
- 0.31%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
SECD.DE vs. VGEB.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% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 1.02% |
Correlation
The correlation between SECD.DE and VGEB.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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.99 |
The correlation between SECD.DE and VGEB.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SECD.DE vs. VGEB.DE — Risk / Return Rank
SECD.DE
VGEB.DE
SECD.DE vs. VGEB.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 Distributing (VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.03 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.06 | +0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SECD.DE | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.02 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.34 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | -0.03 | -0.35 |
Drawdowns
SECD.DE vs. VGEB.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, roughly equal to the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for SECD.DE and VGEB.DE.
Loading charts...
Drawdown Indicators
| SECD.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -22.15% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -3.43% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -4.05% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -21.25% | +0.04% |
Current DrawdownCurrent decline from peak | -13.67% | -13.65% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -8.83% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.35% | -0.02% |
Volatility
SECD.DE vs. VGEB.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 Distributing (VGEB.DE) at 1.63%. This indicates that SECD.DE's price experiences larger fluctuations and is considered to be riskier than VGEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SECD.DE | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.63% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 3.47% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.16% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 6.32% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 5.52% | +0.50% |
SECD.DE vs. VGEB.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is higher than VGEB.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. VGEB.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, less than VGEB.DE's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
With a correlation of 0.97, SECD.DE and VGEB.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.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 VGEB.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 VGEB.DE.
Find the right allocation for SECD.DE and VGEB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer