CBUL.DE vs. IBC5.DE
CBUL.DE (iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist)) and IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) are both Inflation-Protected Bonds funds from iShares - CBUL.DE tracks the ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged) while IBC5.DE tracks the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged). Both are passively managed. Over the past 3 years, CBUL.DE returned 3.13%/yr vs 1.66%/yr for IBC5.DE. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.12% expense ratio.
Performance
CBUL.DE vs. IBC5.DE - Performance Comparison
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Returns By Period
CBUL.DE
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- 0.78%
- YTD
- 0.78%
- 1Y
- 1.21%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
IBC5.DE
- 1D
- 0.19%
- 1M
- -0.74%
- 6M
- -0.19%
- YTD
- -0.00%
- 1Y
- 1.13%
- 3Y*
- 1.66%
- 5Y*
- -1.53%
- 10Y*
- —
CBUL.DE vs. IBC5.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% |
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -0.00% | 4.47% | 0.00% | 1.38% | -10.41% |
Correlation
The correlation between CBUL.DE and IBC5.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.57 |
Over the past year, the correlation between CBUL.DE and IBC5.DE has dropped to 0.26 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
CBUL.DE vs. IBC5.DE — Risk / Return Rank
CBUL.DE
IBC5.DE
CBUL.DE vs. IBC5.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 iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.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 | IBC5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.51 | +0.25 |
| Martin ratioReturn relative to average drawdown | 2.07 | 1.10 | +0.97 |
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Drawdowns
CBUL.DE vs. IBC5.DE - Drawdown Comparison
The maximum CBUL.DE drawdown since its inception was -5.07%, smaller than the maximum IBC5.DE drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for CBUL.DE and IBC5.DE.
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Drawdown Indicators
| CBUL.DE | IBC5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -18.53% | +13.46% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -2.19% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -1.58% | -5.06% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.53% | — |
Current DrawdownCurrent decline from peak | -1.02% | -10.18% | +9.16% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -7.05% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.03% | -0.44% |
Volatility
CBUL.DE vs. IBC5.DE - Volatility Comparison
The current volatility for iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) is 0.71%, while iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) has a volatility of 0.96%. This indicates that CBUL.DE experiences smaller price fluctuations and is considered to be less risky than IBC5.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 | IBC5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.96% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.07% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.20% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 6.25% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 6.30% | -2.85% |
CBUL.DE vs. IBC5.DE - Expense Ratio Comparison
Both CBUL.DE and IBC5.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CBUL.DE vs. IBC5.DE - Dividend Comparison
CBUL.DE's dividend yield for the trailing twelve months is around 5.91%, while IBC5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 5.91% | 5.98% | 6.93% | 5.21% | 0.33% |
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUL.DE and IBC5.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CBUL.DE and IBC5.DE have the same expense ratio: 0.12% per year.
CBUL.DE tracks ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged), while IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged).
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