EZU vs. IBIC
EZU (iShares MSCI Eurozone ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - EZU is a Europe Equities fund tracking the MSCI EMU, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, EZU returned 21.16% vs 4.42% for IBIC. At a correlation of -0.02, they often move in opposite directions. EZU charges 0.51%/yr vs 0.10%/yr for IBIC.
Performance
EZU vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, EZU achieves a 7.97% return, which is significantly higher than IBIC's 2.43% return.
EZU
- 1D
- -1.96%
- 1M
- 1.76%
- YTD
- 7.97%
- 6M
- 7.97%
- 1Y
- 21.16%
- 3Y*
- 18.56%
- 5Y*
- 9.40%
- 10Y*
- 11.09%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZU vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 7.97% | 40.00% | 2.23% | 8.92% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between EZU and IBIC is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.02 |
Over the past year, the inverse relationship between EZU and IBIC has strengthened: their correlation has moved from -0.02 to -0.23, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EZU vs. IBIC — Risk / Return Rank
EZU
IBIC
EZU vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| EZU | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.77 | ||
| Sortino ratioReturn per unit of downside risk | -7.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 2.22 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 16.56 | -14.94 |
| Martin ratioReturn relative to average drawdown | 5.90 | 58.67 | -52.78 |
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Drawdowns
EZU vs. IBIC - Drawdown Comparison
The maximum EZU drawdown since its inception was -65.32%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for EZU and IBIC.
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Drawdown Indicators
| EZU | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -0.90% | -64.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -0.27% | -12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.37% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -0.08% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -19.20% | -0.10% | -19.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 0.08% | +3.52% |
Volatility
EZU vs. IBIC - Volatility Comparison
iShares MSCI Eurozone ETF (EZU) has a higher volatility of 5.94% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that EZU's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EZU | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 0.17% | +5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 0.67% | +14.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 0.89% | +16.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 1.56% | +18.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 1.56% | +18.58% |
EZU vs. IBIC - Expense Ratio Comparison
EZU has a 0.51% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
EZU vs. IBIC - Dividend Comparison
EZU's dividend yield for the trailing twelve months is around 2.71%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 2.71% | 2.85% | 2.90% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EZU and IBIC have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZU has higher volatility (5.94%) compared to IBIC (0.17%). In terms of maximum drawdown, EZU dropped -65.32% vs IBIC's -0.90%.
On 1-year performance, EZU leads with 21.16% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EZU has performed better with a 21.16% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.51% for EZU.
IBIC has the higher dividend yield at 3.58%, compared with 2.71% for EZU.
EZU is categorized as Europe Equities, while IBIC is Inflation-Protected Bonds. EZU tracks MSCI EMU, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.51% for EZU and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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