X03B.DE vs. IS0M.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) are both European Government Bonds funds - X03B.DE tracks the iBoxx® EUR Eurozone 1-3 while IS0M.DE tracks the Bloomberg Italy Treasury Bond. Both are passively managed. Over the past 10 years, X03B.DE returned 0.23%/yr vs 0.92%/yr for IS0M.DE. A 0.75 correlation means they provide meaningful diversification when combined. X03B.DE charges 0.15%/yr vs 0.20%/yr for IS0M.DE.
Performance
X03B.DE vs. IS0M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03B.DE achieves a 0.05% return, which is significantly higher than IS0M.DE's -0.32% return. Over the past 10 years, X03B.DE has underperformed IS0M.DE with an annualized return of 0.23%, while IS0M.DE has yielded a comparatively higher 0.92% annualized return.
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
IS0M.DE
- 1D
- 0.01%
- 1M
- -0.06%
- YTD
- -0.32%
- 6M
- -0.26%
- 1Y
- 1.11%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
X03B.DE vs. IS0M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | -0.13% | 0.14% | -0.34% | -0.48% |
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -17.24% | -2.99% | 7.54% | 10.45% | -1.48% | 0.31% |
Correlation
The correlation between X03B.DE and IS0M.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.75 |
The correlation between X03B.DE and IS0M.DE has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
X03B.DE vs. IS0M.DE — Risk / Return Rank
X03B.DE
IS0M.DE
X03B.DE vs. IS0M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) and iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.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.
| X03B.DE | IS0M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.19 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.04 | 0.58 | +1.46 |
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
| X03B.DE | IS0M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.17 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.11 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.14 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.49 | +0.08 |
Drawdowns
X03B.DE vs. IS0M.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum IS0M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for X03B.DE and IS0M.DE.
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Drawdown Indicators
| X03B.DE | IS0M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -21.08% | +14.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -4.28% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -4.42% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -20.85% | +15.18% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -21.08% | +14.30% |
Current DrawdownCurrent decline from peak | -0.51% | -6.33% | +5.82% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -5.53% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.43% | -1.03% |
Volatility
X03B.DE vs. IS0M.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) is 0.50%, while iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a volatility of 1.99%. This indicates that X03B.DE experiences smaller price fluctuations and is considered to be less risky than IS0M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03B.DE | IS0M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 1.99% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 4.25% | -3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 4.84% | -3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 6.80% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 6.73% | -5.41% |
X03B.DE vs. IS0M.DE - Expense Ratio Comparison
X03B.DE has a 0.15% expense ratio, which is lower than IS0M.DE's 0.20% 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
X03B.DE vs. IS0M.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, less than IS0M.DE's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | 2.83% | 2.82% | 2.66% | 2.10% | 1.05% | 0.74% | 0.98% | 1.45% | 1.37% | 1.37% | 1.47% | 1.83% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
X03B.DE and IS0M.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03B.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03B.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0M.DE.
X03B.DE tracks iBoxx® EUR Eurozone 1-3, while IS0M.DE tracks Bloomberg Italy Treasury Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for X03B.DE and 0.20% for IS0M.DE.
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