IBC5.DE vs. EUNA.DE
IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBC5.DE is a Inflation-Protected Bonds fund tracking the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged), while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IBC5.DE returned -1.21%/yr vs -1.36%/yr for EUNA.DE. A 0.60 correlation means they provide meaningful diversification when combined. IBC5.DE charges 0.12%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBC5.DE vs. EUNA.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 higher than EUNA.DE's -0.40% 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*
- —
EUNA.DE
- 1D
- -0.20%
- 1M
- 0.41%
- 6M
- 0.20%
- YTD
- -0.40%
- 1Y
- 0.82%
- 3Y*
- 2.34%
- 5Y*
- -1.36%
- 10Y*
- —
IBC5.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.37% | 4.47% | 0.00% | 1.38% | -14.33% | 4.96% | 9.71% | 5.53% | -2.20% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.40% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 3.86% | 5.07% | 0.20% |
Correlation
The correlation between IBC5.DE and EUNA.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.60 |
The correlation between IBC5.DE and EUNA.DE shifts across timeframes, from 0.56 (1 year) to 0.70 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBC5.DE vs. EUNA.DE — Risk / Return Rank
IBC5.DE
EUNA.DE
IBC5.DE vs. EUNA.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 Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.29 | +0.48 |
| Martin ratioReturn relative to average drawdown | 1.73 | 0.78 | +0.95 |
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Drawdowns
IBC5.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBC5.DE drawdown since its inception was -18.53%, roughly equal to the maximum EUNA.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for IBC5.DE and EUNA.DE.
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Drawdown Indicators
| IBC5.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -17.81% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -2.80% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -4.11% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -17.04% | -1.49% |
Current DrawdownCurrent decline from peak | -9.85% | -8.53% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -6.71% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.05% | -0.08% |
Volatility
IBC5.DE vs. EUNA.DE - Volatility Comparison
iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) has a higher volatility of 1.07% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 0.86%. This indicates that IBC5.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.86% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.83% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 3.73% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 4.84% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 4.44% | +1.87% |
IBC5.DE vs. EUNA.DE - Expense Ratio Comparison
IBC5.DE has a 0.12% expense ratio, which is higher than EUNA.DE's 0.10% 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. EUNA.DE - Dividend Comparison
Neither IBC5.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC5.DE and EUNA.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for IBC5.DE.
IBC5.DE is categorized as Inflation-Protected Bonds, while EUNA.DE is Global Bonds. IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.12% for IBC5.DE and 0.10% for EUNA.DE.
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