IBC5.DE vs. CBUL.DE
IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and CBUL.DE (iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist)) are both Inflation-Protected Bonds funds from iShares - IBC5.DE tracks the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged) while CBUL.DE tracks the ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged). Both are passively managed. Over the past 3 years, IBC5.DE returned 1.86%/yr vs 3.20%/yr for CBUL.DE. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.12% expense ratio.
Performance
IBC5.DE vs. CBUL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC5.DE achieves a 0.37% return, which is significantly lower than CBUL.DE's 0.78% return.
IBC5.DE
- 1D
- 0.00%
- 1M
- -0.37%
- 6M
- 0.56%
- YTD
- 0.37%
- 1Y
- 1.69%
- 3Y*
- 1.86%
- 5Y*
- -1.21%
- 10Y*
- —
CBUL.DE
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 0.78%
- YTD
- 0.78%
- 1Y
- 1.66%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
IBC5.DE vs. CBUL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.37% | 4.47% | 0.00% | 1.38% | -10.41% |
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 0.78% | 3.87% | 3.10% | 2.21% | -3.69% |
Correlation
The correlation between IBC5.DE and CBUL.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.57 |
Over the past year, the correlation between IBC5.DE and CBUL.DE has dropped to 0.27 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
IBC5.DE vs. CBUL.DE — Risk / Return Rank
IBC5.DE
CBUL.DE
IBC5.DE vs. CBUL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) and iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.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.
| IBC5.DE | CBUL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.05 | -0.28 |
| Martin ratioReturn relative to average drawdown | 1.73 | 2.99 | -1.25 |
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Drawdowns
IBC5.DE vs. CBUL.DE - Drawdown Comparison
The maximum IBC5.DE drawdown since its inception was -18.53%, which is greater than CBUL.DE's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for IBC5.DE and CBUL.DE.
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Drawdown Indicators
| IBC5.DE | CBUL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -5.07% | -13.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -1.58% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -1.58% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | — | — |
Current DrawdownCurrent decline from peak | -9.85% | -1.02% | -8.83% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -1.81% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.56% | +0.41% |
Volatility
IBC5.DE vs. CBUL.DE - Volatility Comparison
iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) has a higher volatility of 1.07% compared to iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) at 0.74%. This indicates that IBC5.DE's price experiences larger fluctuations and is considered to be riskier than CBUL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC5.DE | CBUL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.74% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.92% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 3.98% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 3.46% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 3.46% | +2.85% |
IBC5.DE vs. CBUL.DE - Expense Ratio Comparison
Both IBC5.DE and CBUL.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBC5.DE vs. CBUL.DE - Dividend Comparison
IBC5.DE has not paid dividends to shareholders, while CBUL.DE's dividend yield for the trailing twelve months is around 5.91%.
| 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% |
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC5.DE and CBUL.DE have a correlation of 0.27, 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 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBC5.DE and CBUL.DE have the same expense ratio: 0.12% per year.
IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged), while CBUL.DE tracks ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged).
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