SXRM.DE vs. IS3M.DE
SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - SXRM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 10 years, SXRM.DE returned 0.77%/yr vs 1.24%/yr for IS3M.DE. At a 0.17 correlation, their price movements are largely independent. SXRM.DE charges 0.07%/yr vs 0.09%/yr for IS3M.DE.
Performance
SXRM.DE vs. IS3M.DE - Performance Comparison
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Different Trading Currencies
SXRM.DE is traded in USD, while IS3M.DE is traded in EUR. To make them comparable, the IS3M.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRM.DE achieves a -0.65% return, which is significantly lower than IS3M.DE's -0.26% return. Over the past 10 years, SXRM.DE has underperformed IS3M.DE with an annualized return of 0.77%, while IS3M.DE has yielded a comparatively higher 1.24% annualized return.
SXRM.DE
- 1D
- 0.24%
- 1M
- -0.48%
- YTD
- -0.65%
- 6M
- -0.41%
- 1Y
- 3.87%
- 3Y*
- 2.71%
- 5Y*
- -0.94%
- 10Y*
- 0.77%
IS3M.DE
- 1D
- 0.15%
- 1M
- -0.84%
- YTD
- -0.26%
- 6M
- 0.76%
- 1Y
- 3.75%
- 3Y*
- 6.16%
- 5Y*
- 1.15%
- 10Y*
- 1.24%
SXRM.DE vs. IS3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | -0.26% | 15.83% | -1.83% | 6.69% | -5.78% | -8.22% | 9.87% | -1.78% | -5.30% | 14.04% |
Correlation
The correlation between SXRM.DE and IS3M.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2013 | 0.17 |
The correlation between SXRM.DE and IS3M.DE shifts across timeframes, from 0.16 (10 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SXRM.DE vs. IS3M.DE — Risk / Return Rank
SXRM.DE
IS3M.DE
SXRM.DE vs. IS3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) and iShares € Ultrashort Bond UCITS ETF (IS3M.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.
| SXRM.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.81 | +0.13 |
| Martin ratioReturn relative to average drawdown | 2.93 | 2.05 | +0.88 |
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
| SXRM.DE | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.63 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.15 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.17 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.05 | +0.30 |
Drawdowns
SXRM.DE vs. IS3M.DE - Drawdown Comparison
The maximum SXRM.DE drawdown since its inception was -23.31%, smaller than the maximum IS3M.DE drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for SXRM.DE and IS3M.DE.
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Drawdown Indicators
| SXRM.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -31.65% | +8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -4.92% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -7.53% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.90% | -22.16% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -24.35% | +1.04% |
Current DrawdownCurrent decline from peak | -10.40% | -7.25% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -16.57% | +9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.95% | -0.66% |
Volatility
SXRM.DE vs. IS3M.DE - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) has a higher volatility of 1.83% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 1.14%. This indicates that SXRM.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRM.DE | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.14% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 4.36% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 6.29% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 7.68% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 7.45% | -1.15% |
SXRM.DE vs. IS3M.DE - Expense Ratio Comparison
SXRM.DE has a 0.07% expense ratio, which is lower than IS3M.DE's 0.09% 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
SXRM.DE vs. IS3M.DE - Dividend Comparison
SXRM.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SXRM.DE and IS3M.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRM.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for IS3M.DE.
SXRM.DE is categorized as Government Bonds, while IS3M.DE is Ultrashort Bond. SXRM.DE tracks ICE US Treasury 7-10 Year, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Their fees differ too: 0.07% for SXRM.DE and 0.09% for IS3M.DE.
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