UEEG.DE vs. IBCC.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds from iShares - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs 4.17%/yr for IBCC.DE. At a correlation of -0.22, they often move in opposite directions. UEEG.DE charges 0.18%/yr vs 0.07%/yr for IBCC.DE.
Performance
UEEG.DE vs. IBCC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than IBCC.DE's 4.60% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- -0.42%
- YTD
- -0.63%
- 1Y
- 1.29%
- 3Y*
- 2.37%
- 5Y*
- -0.91%
- 10Y*
- —
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
UEEG.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -2.91% |
Correlation
The correlation between UEEG.DE and IBCC.DE is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | -0.22 |
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Return for Risk
UEEG.DE vs. IBCC.DE — Risk / Return Rank
UEEG.DE
IBCC.DE
UEEG.DE vs. IBCC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) and iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UEEG.DE | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.10 | -1.54 |
| Martin ratioReturn relative to average drawdown | 1.38 | 4.78 | -3.40 |
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Drawdowns
UEEG.DE vs. IBCC.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, smaller than the maximum IBCC.DE drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and IBCC.DE.
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Drawdown Indicators
| UEEG.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -16.17% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -3.24% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -11.59% | +8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -11.69% | -1.21% |
Current DrawdownCurrent decline from peak | -5.99% | -5.33% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -7.99% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.43% | -0.49% |
Volatility
UEEG.DE vs. IBCC.DE - Volatility Comparison
The current volatility for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) is 0.95%, while iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a volatility of 1.88%. This indicates that UEEG.DE experiences smaller price fluctuations and is considered to be less risky than IBCC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEG.DE | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.88% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 4.35% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 6.23% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 7.57% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 8.43% | -4.40% |
UEEG.DE vs. IBCC.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than IBCC.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
UEEG.DE vs. IBCC.DE - Dividend Comparison
UEEG.DE has not paid dividends to shareholders, while IBCC.DE's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEG.DE and IBCC.DE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCC.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while IBCC.DE tracks ICE US Treasury Short Bond Index. Their fees differ too: 0.18% for UEEG.DE and 0.07% for IBCC.DE.
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