CBUL.DE vs. IBCI.DE
CBUL.DE (iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist)) and IBCI.DE (iShares € Inflation Linked Govt Bond UCITS ETF) 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 IBCI.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 1.99%/yr for IBCI.DE. At a 0.38 correlation, their price movements are largely independent. CBUL.DE charges 0.12%/yr vs 0.09%/yr for IBCI.DE.
Performance
CBUL.DE vs. IBCI.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 IBCI.DE's 2.98% return.
CBUL.DE
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 0.78%
- YTD
- 0.78%
- 1Y
- 1.66%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
IBCI.DE
- 1D
- -0.27%
- 1M
- -0.24%
- 6M
- 3.28%
- YTD
- 2.98%
- 1Y
- 2.36%
- 3Y*
- 1.99%
- 5Y*
- 0.64%
- 10Y*
- 1.42%
CBUL.DE vs. IBCI.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% |
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 2.98% | 0.81% | -0.17% | 5.41% | -10.61% |
Correlation
The correlation between CBUL.DE and IBCI.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.38 |
Over the past year, the correlation between CBUL.DE and IBCI.DE has dropped to 0.15 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
CBUL.DE vs. IBCI.DE — Risk / Return Rank
CBUL.DE
IBCI.DE
CBUL.DE vs. IBCI.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 € Inflation Linked Govt Bond UCITS ETF (IBCI.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 | IBCI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.26 | -0.21 |
| Martin ratioReturn relative to average drawdown | 2.99 | 3.32 | -0.34 |
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Drawdowns
CBUL.DE vs. IBCI.DE - Drawdown Comparison
The maximum CBUL.DE drawdown since its inception was -5.07%, smaller than the maximum IBCI.DE drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for CBUL.DE and IBCI.DE.
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Drawdown Indicators
| CBUL.DE | IBCI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -16.37% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -1.87% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -1.58% | -5.34% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.37% | — |
Current DrawdownCurrent decline from peak | -1.02% | -5.69% | +4.67% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -3.77% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.70% | -0.14% |
Volatility
CBUL.DE vs. IBCI.DE - Volatility Comparison
iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) and iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) have volatilities of 0.74% and 0.77%, 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
| CBUL.DE | IBCI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.77% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.97% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.73% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 6.85% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.46% | 6.15% | -2.69% |
CBUL.DE vs. IBCI.DE - Expense Ratio Comparison
CBUL.DE has a 0.12% expense ratio, which is higher than IBCI.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. IBCI.DE - Dividend Comparison
CBUL.DE's dividend yield for the trailing twelve months is around 5.91%, while IBCI.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% |
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUL.DE and IBCI.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCI.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.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 IBCI.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index. Their fees differ too: 0.12% for CBUL.DE and 0.09% for IBCI.DE.
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