IBC5.DE vs. E15H.DE
IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and E15H.DE (Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist)) are both Inflation-Protected Bonds funds - IBC5.DE tracks the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged) while E15H.DE tracks the Bloomberg Euro Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, IBC5.DE returned -1.21%/yr vs 0.64%/yr for E15H.DE. A 0.56 correlation means they provide meaningful diversification when combined. IBC5.DE charges 0.12%/yr vs 0.09%/yr for E15H.DE.
Performance
IBC5.DE vs. E15H.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 E15H.DE's 2.91% 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*
- —
E15H.DE
- 1D
- -0.20%
- 1M
- -0.14%
- 6M
- 3.29%
- YTD
- 2.91%
- 1Y
- 2.34%
- 3Y*
- 2.00%
- 5Y*
- 0.64%
- 10Y*
- —
IBC5.DE vs. E15H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.37% | 4.47% | 0.00% | 1.38% | -14.33% | 4.96% | 1.44% |
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% |
Correlation
The correlation between IBC5.DE and E15H.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
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 IBC5.DE and E15H.DE shifts across timeframes, from 0.48 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBC5.DE vs. E15H.DE — Risk / Return Rank
IBC5.DE
E15H.DE
IBC5.DE vs. E15H.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 Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.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 | E15H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.17 | -0.40 |
| Martin ratioReturn relative to average drawdown | 1.73 | 3.55 | -1.82 |
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Drawdowns
IBC5.DE vs. E15H.DE - Drawdown Comparison
The maximum IBC5.DE drawdown since its inception was -18.53%, which is greater than E15H.DE's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for IBC5.DE and E15H.DE.
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Drawdown Indicators
| IBC5.DE | E15H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -15.98% | -2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -2.00% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -5.43% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -15.98% | -2.55% |
Current DrawdownCurrent decline from peak | -9.85% | -5.61% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -7.16% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.65% | +0.32% |
Volatility
IBC5.DE vs. E15H.DE - Volatility Comparison
iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) has a higher volatility of 1.07% compared to Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.DE) at 0.81%. This indicates that IBC5.DE's price experiences larger fluctuations and is considered to be riskier than E15H.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 | E15H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.81% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 3.09% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 3.86% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 6.66% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 6.34% | -0.03% |
IBC5.DE vs. E15H.DE - Expense Ratio Comparison
IBC5.DE has a 0.12% expense ratio, which is higher than E15H.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBC5.DE vs. E15H.DE - Dividend Comparison
IBC5.DE has not paid dividends to shareholders, while E15H.DE's dividend yield for the trailing twelve months is around 0.94%.
| 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
IBC5.DE and E15H.DE have a correlation of 0.48, 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.
IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged), while E15H.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for IBC5.DE and 0.09% for E15H.DE.
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