IBC5.DE vs. UINF.DE
IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and UINF.DE (Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc)) are both Inflation-Protected Bonds funds - IBC5.DE tracks the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged) while UINF.DE tracks the iBoxx EUR Breakeven Euro-Inflation France & Germany Index. Both are passively managed. Over the past 5 years, IBC5.DE returned -1.21%/yr vs 5.62%/yr for UINF.DE. At a correlation of -0.14, they often move in opposite directions. IBC5.DE charges 0.12%/yr vs 0.25%/yr for UINF.DE.
Performance
IBC5.DE vs. UINF.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 UINF.DE's 6.01% 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*
- —
UINF.DE
- 1D
- 0.06%
- 1M
- 0.91%
- 6M
- 5.72%
- YTD
- 6.01%
- 1Y
- 6.79%
- 3Y*
- 3.19%
- 5Y*
- 5.62%
- 10Y*
- 2.07%
IBC5.DE vs. UINF.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% |
UINF.DE Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) | 6.01% | -8.21% | 12.68% | 1.01% | 9.16% | 18.53% | -8.28% | 3.58% | 5.17% |
Correlation
The correlation between IBC5.DE and UINF.DE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | -0.14 |
The correlation between IBC5.DE and UINF.DE shifts across timeframes, from -0.29 (3 years) to -0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC5.DE vs. UINF.DE — Risk / Return Rank
IBC5.DE
UINF.DE
IBC5.DE vs. UINF.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 Inflation Expectations 2-10Y UCITS ETF (Acc) (UINF.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 | UINF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.98 | -1.21 |
| Martin ratioReturn relative to average drawdown | 1.73 | 4.10 | -2.37 |
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Drawdowns
IBC5.DE vs. UINF.DE - Drawdown Comparison
The maximum IBC5.DE drawdown since its inception was -18.53%, which is greater than UINF.DE's maximum drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for IBC5.DE and UINF.DE.
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Drawdown Indicators
| IBC5.DE | UINF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -16.94% | -1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -3.41% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -12.26% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -12.49% | -6.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.94% | — |
Current DrawdownCurrent decline from peak | -9.85% | -5.84% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -7.54% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.65% | -0.68% |
Volatility
IBC5.DE vs. UINF.DE - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) is 1.07%, while Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) (UINF.DE) has a volatility of 1.48%. This indicates that IBC5.DE experiences smaller price fluctuations and is considered to be less risky than UINF.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 | UINF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.48% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 5.19% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 7.14% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 8.87% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 8.20% | -1.89% |
IBC5.DE vs. UINF.DE - Expense Ratio Comparison
IBC5.DE has a 0.12% expense ratio, which is lower than UINF.DE's 0.25% expense ratio. Despite the difference, 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. UINF.DE - Dividend Comparison
Neither IBC5.DE nor UINF.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC5.DE and UINF.DE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC5.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for UINF.DE.
IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged), while UINF.DE tracks iBoxx EUR Breakeven Euro-Inflation France & Germany Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for IBC5.DE and 0.25% for UINF.DE.
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