XJSE.DE vs. IBCC.DE
XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - XJSE.DE tracks the FTSE Japanese Government Bond Index while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, XJSE.DE returned -11.28%/yr vs 4.17%/yr for IBCC.DE. At a 0.25 correlation, their price movements are largely independent. XJSE.DE charges 0.15%/yr vs 0.07%/yr for IBCC.DE.
Performance
XJSE.DE vs. IBCC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XJSE.DE achieves a -5.80% return, which is significantly lower than IBCC.DE's 4.60% return.
XJSE.DE
- 1D
- -0.34%
- 1M
- -0.34%
- 6M
- -5.19%
- YTD
- -5.80%
- 1Y
- -15.95%
- 3Y*
- -11.78%
- 5Y*
- -11.28%
- 10Y*
- -7.50%
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
XJSE.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -9.72% | -14.55% | -3.16% | -4.65% | 3.48% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
Correlation
The correlation between XJSE.DE and IBCC.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.25 |
The correlation between XJSE.DE and IBCC.DE shifts across timeframes, from -0.02 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XJSE.DE vs. IBCC.DE — Risk / Return Rank
XJSE.DE
IBCC.DE
XJSE.DE vs. IBCC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.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.
| XJSE.DE | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.20 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.10 | -3.06 |
| Martin ratioReturn relative to average drawdown | -1.49 | 4.78 | -6.27 |
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Drawdowns
XJSE.DE vs. IBCC.DE - Drawdown Comparison
The maximum XJSE.DE drawdown since its inception was -55.06%, which is greater than IBCC.DE's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for XJSE.DE and IBCC.DE.
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Drawdown Indicators
| XJSE.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -16.17% | -38.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -3.24% | -13.26% |
Max Drawdown (3Y)Largest decline over 3 years | -32.72% | -11.59% | -21.13% |
Max Drawdown (5Y)Largest decline over 5 years | -47.28% | -11.69% | -35.59% |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | — | — |
Current DrawdownCurrent decline from peak | -54.83% | -5.33% | -49.50% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -7.99% | -12.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 1.43% | +8.59% |
Volatility
XJSE.DE vs. IBCC.DE - Volatility Comparison
Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) and iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) have volatilities of 1.82% and 1.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XJSE.DE | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.88% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 4.35% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 6.23% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 7.57% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 8.43% | +1.49% |
XJSE.DE vs. IBCC.DE - Expense Ratio Comparison
XJSE.DE has a 0.15% 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
XJSE.DE vs. IBCC.DE - Dividend Comparison
XJSE.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% |
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XJSE.DE and IBCC.DE have a correlation of -0.02, 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 0.15% for XJSE.DE.
XJSE.DE tracks FTSE Japanese Government Bond Index, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XJSE.DE and 0.07% for IBCC.DE.
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