(ICOV) III Public - Euro Covered - Overview
Etf: Euro, Covered, Bonds, ETF, Index
Dividends
| Dividend Yield | 2.15% |
| Yield on Cost 5y | 2.04% |
| Yield CAGR 5y | 62.88% |
| Payout Consistency | 84.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 1.58% |
| Relative Tail Risk | -0.74% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.71 |
| Alpha | -1.75 |
| Character TTM | |
|---|---|
| Beta | 0.005 |
| Beta Downside | -0.019 |
| Drawdowns 3y | |
|---|---|
| Max DD | 1.81% |
| CAGR/Max DD | 2.28 |
Description: ICOV III Public - Euro Covered January 14, 2026
The iShares Euro Covered Bond UCITS ETF (ticker ICOV) is a Netherlands-domiciled exchange-traded fund that tracks the Morningstar EZN Corporate Bond – Global EUR Index, providing exposure to investment-grade euro-denominated covered bonds.
Key metrics (as of the most recent data ≈ Q4 2025) show an expense ratio of 0.20 % and a net asset value of roughly €3.2 bn, with an average duration of 4.2 years and a weighted-average credit rating of A- (S&P). The fund’s performance is closely tied to the European covered-bond market, which historically benefits from low-interest-rate environments and strong sovereign backing; any shift in ECB policy or fiscal stress in core economies (e.g., Germany, France) could materially affect yields and total return.
For a deeper, data-driven assessment of ICOV’s risk-adjusted returns and how it fits within a diversified fixed-income allocation, you might explore the analytical tools on ValueRay.
What is the price of ICOV shares?
Over the past week, the price has changed by +0.04%, over one month by +0.58%, over three months by +0.52% and over the past year by +2.27%.
Is ICOV a buy, sell or hold?
What are the forecasts/targets for the ICOV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 146.9 | 3.3% |
ICOV Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.84b EUR (1.84b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.84b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.84b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 5.93% (E(1.84b)/V(1.84b) * Re(5.93%) + (debt-free company))
Discount Rate = 5.93% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)