SXRL.DE vs. SXRM.DE
SXRL.DE (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) are both Government Bonds funds from iShares - SXRL.DE tracks the ICE US Treasury 3-7 Year while SXRM.DE tracks the ICE US Treasury 7-10 Year. Both are passively managed. Over the past 10 years, SXRL.DE returned 1.39%/yr vs 0.77%/yr for SXRM.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.
Performance
SXRL.DE vs. SXRM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRL.DE achieves a -0.31% return, which is significantly higher than SXRM.DE's -0.65% return. Over the past 10 years, SXRL.DE has outperformed SXRM.DE with an annualized return of 1.39%, while SXRM.DE has yielded a comparatively lower 0.77% annualized return.
SXRL.DE
- 1D
- 0.20%
- 1M
- -0.08%
- YTD
- -0.31%
- 6M
- -0.10%
- 1Y
- 3.22%
- 3Y*
- 3.72%
- 5Y*
- 0.39%
- 10Y*
- 1.39%
SXRM.DE
- 1D
- 0.24%
- 1M
- -0.05%
- YTD
- -0.65%
- 6M
- -0.61%
- 1Y
- 3.80%
- 3Y*
- 2.71%
- 5Y*
- -0.94%
- 10Y*
- 0.77%
SXRL.DE vs. SXRM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRL.DE iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | -0.31% | 7.42% | 1.93% | 4.32% | -9.34% | -2.31% | 6.97% | 6.13% | 1.04% | 1.28% |
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.65% | 8.56% | -0.51% | 3.57% | -14.85% | -3.03% | 9.74% | 9.02% | 0.38% | 2.66% |
Correlation
The correlation between SXRL.DE and SXRM.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2011 | 0.95 |
The correlation between SXRL.DE and SXRM.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SXRL.DE vs. SXRM.DE — Risk / Return Rank
SXRL.DE
SXRM.DE
SXRL.DE vs. SXRM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE) and iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.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.
| SXRL.DE | SXRM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.94 | +0.38 |
| Martin ratioReturn relative to average drawdown | 4.12 | 2.93 | +1.19 |
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
| SXRL.DE | SXRM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.82 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | -0.13 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.12 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.24 | +0.30 |
Drawdowns
SXRL.DE vs. SXRM.DE - Drawdown Comparison
The maximum SXRL.DE drawdown since its inception was -14.09%, smaller than the maximum SXRM.DE drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for SXRL.DE and SXRM.DE.
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Drawdown Indicators
| SXRL.DE | SXRM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.09% | -23.31% | +9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -4.02% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | -7.24% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -20.90% | +7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -14.09% | -23.31% | +9.22% |
Current DrawdownCurrent decline from peak | -1.58% | -10.40% | +8.82% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -6.91% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.29% | -0.51% |
Volatility
SXRL.DE vs. SXRM.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE) is 1.11%, while iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) has a volatility of 1.83%. This indicates that SXRL.DE experiences smaller price fluctuations and is considered to be less risky than SXRM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRL.DE | SXRM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.83% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 3.40% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 4.64% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 7.37% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 6.30% | -2.46% |
SXRL.DE vs. SXRM.DE - Expense Ratio Comparison
Both SXRL.DE and SXRM.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SXRL.DE vs. SXRM.DE - Dividend Comparison
Neither SXRL.DE nor SXRM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SXRL.DE and SXRM.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.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SXRL.DE and SXRM.DE have the same expense ratio: 0.07% per year.
SXRL.DE tracks ICE US Treasury 3-7 Year, while SXRM.DE tracks ICE US Treasury 7-10 Year.
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