SECD.DE vs. XY4P.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) are both European Government Bonds funds - SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus. Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs -1.34%/yr for XY4P.DE. With a 0.97 correlation, they move nearly in lockstep. SECD.DE charges 0.09%/yr vs 0.15%/yr for XY4P.DE.
Performance
SECD.DE vs. XY4P.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 XY4P.DE's -0.03% return.
SECD.DE
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- 0.10%
- 1Y
- -0.03%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
XY4P.DE
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- -0.03%
- 6M
- -0.02%
- 1Y
- 0.27%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
SECD.DE vs. XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 1.80% |
Correlation
The correlation between SECD.DE and XY4P.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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.97 |
The correlation between SECD.DE and XY4P.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
SECD.DE vs. XY4P.DE — Risk / Return Rank
SECD.DE
XY4P.DE
SECD.DE vs. XY4P.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 Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.07 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.02 | 0.19 | -0.21 |
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 | XY4P.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.06 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.20 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.40 | -0.77 |
Drawdowns
SECD.DE vs. XY4P.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, which is greater than XY4P.DE's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for SECD.DE and XY4P.DE.
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Drawdown Indicators
| SECD.DE | XY4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -20.52% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -3.95% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -4.07% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -20.11% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.52% | — |
Current DrawdownCurrent decline from peak | -13.67% | -9.19% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -5.49% | -7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.43% | -0.10% |
Volatility
SECD.DE vs. XY4P.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) and Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) have volatilities of 1.78% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SECD.DE | XY4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.77% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 3.88% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.57% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 6.49% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 6.49% | -0.47% |
SECD.DE vs. XY4P.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is lower than XY4P.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. XY4P.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, while XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, SECD.DE and XY4P.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, 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 XY4P.DE.
SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for SECD.DE and 0.15% for XY4P.DE.
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