EZU vs. IBID

Last updated Jun 24, 2026

EZU (iShares MSCI Eurozone ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - EZU is a Europe Equities fund tracking the MSCI EMU, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, EZU returned 21.16% vs 3.92% for IBID. At a 0.03 correlation, their price movements are largely independent. EZU charges 0.51%/yr vs 0.10%/yr for IBID.

Performance

EZU vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Eurozone ETF (EZU) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EZU achieves a 7.97% return, which is significantly higher than IBID's 1.94% 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%

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZU vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EZU iShares MSCI Eurozone ETF	7.97%	40.00%	2.23%	8.92%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%

Correlation

The correlation between EZU and IBID is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.03

The correlation between EZU and IBID shifts across timeframes, from -0.14 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EZU vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZU

EZU Risk / Return Rank: 36
EZU Sharpe Ratio Rank: 36
EZU Sortino Ratio Rank: 35
EZU Omega Ratio Rank: 34
EZU Calmar Ratio Rank: 34
EZU Martin Ratio Rank: 39

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZU vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	1.21	3.19	-1.98
Sortino ratio: Return per unit of downside risk	1.79	5.38	-3.59
Omega ratio: Gain probability vs. loss probability	1.22	1.72	-0.50
Calmar ratio: Return relative to maximum drawdown	1.63	7.20	-5.58
Martin ratio: Return relative to average drawdown	5.90	29.14	-23.24

EZU vs. IBID - Sharpe Ratio Comparison

The current EZU Sharpe Ratio is 1.21, which is lower than the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of EZU and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EZU vs. IBID - Drawdown Comparison

The maximum EZU drawdown since its inception was -65.32%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for EZU and IBID.

Drawdown Indicators

	EZU	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-65.32%	-1.28%	-64.04%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-0.55%	-12.51%
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 Drawdown Current decline from peak	-1.96%	-0.55%	-1.41%
Average Drawdown Average peak-to-trough decline	-19.20%	-0.22%	-18.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	0.13%	+3.47%

Volatility

EZU vs. IBID - Volatility Comparison

iShares MSCI Eurozone ETF (EZU) has a higher volatility of 5.94% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that EZU's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZU	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	0.35%	+5.59%
Volatility (6M) Calculated over the trailing 6-month period	14.96%	0.86%	+14.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	1.23%	+16.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.96%	2.24%	+17.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	2.24%	+17.90%

EZU vs. IBID - Expense Ratio Comparison

EZU has a 0.51% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

EZU vs. IBID - Dividend Comparison

EZU's dividend yield for the trailing twelve months is around 2.71%, less than IBID's 3.68% 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%
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EZU and IBID in my portfolio?

EZU and IBID have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EZU or IBID?

EZU has higher volatility (5.94%) compared to IBID (0.35%). In terms of maximum drawdown, EZU dropped -65.32% vs IBID's -1.28%.

Which ETF is better, EZU or IBID?

On 1-year performance, EZU leads with 21.16% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZU or IBID?

Over the 1-year period, EZU has performed better with a 21.16% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZU or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.51% for EZU.

Which ETF pays a higher dividend yield, EZU or IBID?

IBID has the higher dividend yield at 3.68%, compared with 2.71% for EZU.

What is the main difference between EZU and IBID?

EZU is categorized as Europe Equities, while IBID is Inflation-Protected Bonds. EZU tracks MSCI EMU, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.51% for EZU and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 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.