XGEZ.DE vs. IBCM.DE
XGEZ.DE (Xtrackers II Eurozone Government Green Bond UCITS ETF) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - XGEZ.DE tracks the iBoxx® EUR Eurozone Sovereigns Green Bonds Capped while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 3 years, XGEZ.DE returned 1.19%/yr vs 2.61%/yr for IBCM.DE. With a 0.97 correlation, they move nearly in lockstep. XGEZ.DE charges 0.18%/yr vs 0.15%/yr for IBCM.DE.
Performance
XGEZ.DE vs. IBCM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGEZ.DE achieves a 0.02% return, which is significantly lower than IBCM.DE's 0.27% return.
XGEZ.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- 0.02%
- 6M
- -0.16%
- 1Y
- -1.07%
- 3Y*
- 1.19%
- 5Y*
- —
- 10Y*
- —
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
XGEZ.DE vs. IBCM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 0.02% | -2.16% | -0.51% | 8.88% | 0.10% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -0.34% |
Correlation
The correlation between XGEZ.DE and IBCM.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.97 |
The correlation between XGEZ.DE and IBCM.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
XGEZ.DE vs. IBCM.DE — Risk / Return Rank
XGEZ.DE
IBCM.DE
XGEZ.DE vs. IBCM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) and iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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.
| XGEZ.DE | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.01 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.03 | -0.37 |
| Martin ratioReturn relative to average drawdown | -0.72 | 0.08 | -0.80 |
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
| XGEZ.DE | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.03 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.59 | -0.42 |
Drawdowns
XGEZ.DE vs. IBCM.DE - Drawdown Comparison
The maximum XGEZ.DE drawdown since its inception was -13.63%, smaller than the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for XGEZ.DE and IBCM.DE.
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Drawdown Indicators
| XGEZ.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -23.25% | +9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -4.08% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -7.89% | -4.53% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.25% | — |
Current DrawdownCurrent decline from peak | -5.48% | -13.71% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -5.23% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.53% | +0.67% |
Volatility
XGEZ.DE vs. IBCM.DE - Volatility Comparison
Xtrackers II Eurozone Government Green Bond UCITS ETF (XGEZ.DE) has a higher volatility of 2.47% compared to iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) at 1.94%. This indicates that XGEZ.DE's price experiences larger fluctuations and is considered to be riskier than IBCM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGEZ.DE | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.94% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 4.20% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 5.00% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 7.39% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 6.03% | +3.89% |
XGEZ.DE vs. IBCM.DE - Expense Ratio Comparison
XGEZ.DE has a 0.18% expense ratio, which is higher than IBCM.DE's 0.15% 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
XGEZ.DE vs. IBCM.DE - Dividend Comparison
XGEZ.DE's dividend yield for the trailing twelve months is around 2.10%, less than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
XGEZ.DE Xtrackers II Eurozone Government Green Bond UCITS ETF | 2.10% | 1.99% | 2.07% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, XGEZ.DE and IBCM.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, IBCM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCM.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for XGEZ.DE.
XGEZ.DE tracks iBoxx® EUR Eurozone Sovereigns Green Bonds Capped, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XGEZ.DE and 0.15% for IBCM.DE.
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