E15H.DE vs. IBCI.DE
E15H.DE (Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist)) and IBCI.DE (iShares € Inflation Linked Govt Bond UCITS ETF) are both Inflation-Protected Bonds funds tracking the Bloomberg Euro Government Inflation-Linked Bond Index, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, E15H.DE returned 0.64%/yr vs 0.64%/yr for IBCI.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.09% expense ratio.
Performance
E15H.DE vs. IBCI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with E15H.DE having a 2.91% return and IBCI.DE slightly higher at 2.98%.
E15H.DE
- 1D
- -0.20%
- 1M
- -0.14%
- 6M
- 3.29%
- YTD
- 2.91%
- 1Y
- 2.34%
- 3Y*
- 2.00%
- 5Y*
- 0.64%
- 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%
E15H.DE vs. IBCI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
E15H.DE Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) | 2.91% | 0.86% | -0.10% | 5.42% | -9.40% | 6.32% | 2.91% |
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 2.98% | 0.81% | -0.17% | 5.41% | -9.30% | 6.19% | 2.70% |
Correlation
The correlation between E15H.DE and IBCI.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.93 |
The correlation between E15H.DE and IBCI.DE has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
E15H.DE vs. IBCI.DE — Risk / Return Rank
E15H.DE
IBCI.DE
E15H.DE vs. IBCI.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 € 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.
| E15H.DE | IBCI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.26 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.55 | 3.32 | +0.23 |
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Drawdowns
E15H.DE vs. IBCI.DE - Drawdown Comparison
The maximum E15H.DE drawdown since its inception was -15.98%, roughly equal to the maximum IBCI.DE drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for E15H.DE and IBCI.DE.
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Drawdown Indicators
| E15H.DE | IBCI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -16.37% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -1.87% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -5.34% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -16.37% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.37% | — |
Current DrawdownCurrent decline from peak | -5.61% | -5.69% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -3.77% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.70% | -0.05% |
Volatility
E15H.DE vs. IBCI.DE - Volatility Comparison
Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.DE) has a higher volatility of 0.81% compared to iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) at 0.77%. This indicates that E15H.DE's price experiences larger fluctuations and is considered to be riskier than IBCI.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 | IBCI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.77% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 2.97% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.73% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 6.85% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 6.15% | +0.19% |
E15H.DE vs. IBCI.DE - Expense Ratio Comparison
Both E15H.DE and IBCI.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
E15H.DE vs. IBCI.DE - Dividend Comparison
E15H.DE's dividend yield for the trailing twelve months is around 0.94%, while IBCI.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% |
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
E15H.DE and IBCI.DE have a correlation of 0.86, 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 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
E15H.DE and IBCI.DE have the same expense ratio: 0.09% per year.
Both ETFs track Bloomberg Euro Government Inflation-Linked Bond Index. They also come from different issuers: Amundi and iShares.
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