E15H.DE vs. IBC5.DE
E15H.DE (Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist)) and IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) are both Inflation-Protected Bonds funds - E15H.DE tracks the Bloomberg Euro Government Inflation-Linked Bond Index while IBC5.DE tracks the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, E15H.DE returned 0.46%/yr vs -1.53%/yr for IBC5.DE. A 0.56 correlation means they provide meaningful diversification when combined. E15H.DE charges 0.09%/yr vs 0.12%/yr for IBC5.DE.
Performance
E15H.DE vs. IBC5.DE - Performance Comparison
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Returns By Period
E15H.DE
- 1D
- 0.13%
- 1M
- -0.47%
- 6M
- 1.73%
- YTD
- 2.73%
- 1Y
- 2.87%
- 3Y*
- 1.85%
- 5Y*
- 0.46%
- 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*
- —
E15H.DE vs. IBC5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
E15H.DE Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) | 2.73% | 0.86% | -0.10% | 5.42% | -9.40% | 6.32% | 2.91% |
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -0.00% | 4.47% | 0.00% | 1.38% | -14.33% | 4.96% | 1.44% |
Correlation
The correlation between E15H.DE and IBC5.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.56 |
The correlation between E15H.DE and IBC5.DE has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
E15H.DE vs. IBC5.DE — Risk / Return Rank
E15H.DE
IBC5.DE
E15H.DE vs. IBC5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.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.
| E15H.DE | IBC5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.51 | +0.92 |
| Martin ratioReturn relative to average drawdown | 4.35 | 1.10 | +3.26 |
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Drawdowns
E15H.DE vs. IBC5.DE - Drawdown Comparison
The maximum E15H.DE drawdown since its inception was -15.98%, smaller than the maximum IBC5.DE drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for E15H.DE and IBC5.DE.
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Drawdown Indicators
| E15H.DE | IBC5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -18.53% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -2.19% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -5.06% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -18.53% | +2.55% |
Current DrawdownCurrent decline from peak | -5.77% | -10.18% | +4.41% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -7.05% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.03% | -0.37% |
Volatility
E15H.DE vs. IBC5.DE - Volatility Comparison
The current volatility for Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.DE) is 0.84%, while iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) has a volatility of 0.96%. This indicates that E15H.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
| E15H.DE | IBC5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.96% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.07% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 4.20% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 6.25% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 6.30% | +0.02% |
E15H.DE vs. IBC5.DE - Expense Ratio Comparison
E15H.DE has a 0.09% expense ratio, which is lower than IBC5.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
E15H.DE vs. IBC5.DE - Dividend Comparison
E15H.DE's dividend yield for the trailing twelve months is around 0.94%, while IBC5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
E15H.DE and IBC5.DE have a correlation of 0.51, 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 IBC5.DE.
E15H.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index, while IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for E15H.DE and 0.12% for IBC5.DE.
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