CBUL.DE vs. E15H.DE
CBUL.DE (iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist)) and E15H.DE (Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist)) are both Inflation-Protected Bonds funds - CBUL.DE tracks the ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged) while E15H.DE tracks the Bloomberg Euro Government Inflation-Linked Bond Index. Both are passively managed. Over the past 3 years, CBUL.DE returned 3.20%/yr vs 2.00%/yr for E15H.DE. At a 0.40 correlation, their price movements are largely independent. CBUL.DE charges 0.12%/yr vs 0.09%/yr for E15H.DE.
Performance
CBUL.DE vs. E15H.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUL.DE achieves a 0.78% return, which is significantly lower than E15H.DE's 2.91% return.
CBUL.DE
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 0.78%
- YTD
- 0.78%
- 1Y
- 1.66%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
E15H.DE
- 1D
- -0.20%
- 1M
- -0.14%
- 6M
- 3.29%
- YTD
- 2.91%
- 1Y
- 2.34%
- 3Y*
- 2.00%
- 5Y*
- 0.64%
- 10Y*
- —
CBUL.DE vs. E15H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 0.78% | 3.87% | 3.10% | 2.21% | -3.69% |
E15H.DE Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) | 2.91% | 0.86% | -0.10% | 5.42% | -10.65% |
Correlation
The correlation between CBUL.DE and E15H.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.40 |
Over the past year, the correlation between CBUL.DE and E15H.DE has dropped to 0.16 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
CBUL.DE vs. E15H.DE — Risk / Return Rank
CBUL.DE
E15H.DE
CBUL.DE vs. E15H.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) and Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.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.
| CBUL.DE | E15H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.17 | -0.12 |
| Martin ratioReturn relative to average drawdown | 2.99 | 3.55 | -0.57 |
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Drawdowns
CBUL.DE vs. E15H.DE - Drawdown Comparison
The maximum CBUL.DE drawdown since its inception was -5.07%, smaller than the maximum E15H.DE drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for CBUL.DE and E15H.DE.
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Drawdown Indicators
| CBUL.DE | E15H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -15.98% | +10.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -2.00% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -1.58% | -5.43% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.98% | — |
Current DrawdownCurrent decline from peak | -1.02% | -5.61% | +4.59% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -7.16% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.65% | -0.09% |
Volatility
CBUL.DE vs. E15H.DE - Volatility Comparison
The current volatility for iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) is 0.74%, while Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.DE) has a volatility of 0.81%. This indicates that CBUL.DE experiences smaller price fluctuations and is considered to be less risky than E15H.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUL.DE | E15H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.81% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 3.09% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.86% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 6.66% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.46% | 6.34% | -2.88% |
CBUL.DE vs. E15H.DE - Expense Ratio Comparison
CBUL.DE has a 0.12% expense ratio, which is higher than E15H.DE's 0.09% 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
CBUL.DE vs. E15H.DE - Dividend Comparison
CBUL.DE's dividend yield for the trailing twelve months is around 5.91%, more than E15H.DE's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 5.91% | 5.98% | 6.93% | 5.21% | 0.33% | 0.00% | 0.00% |
E15H.DE Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) | 0.94% | 0.97% | 0.82% | 0.74% | 0.94% | 0.86% | 0.36% |
Frequently Asked Questions
CBUL.DE and E15H.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E15H.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E15H.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for CBUL.DE.
CBUL.DE tracks ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged), while E15H.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for CBUL.DE and 0.09% for E15H.DE.
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