IBCI.DE vs. UINF.DE
IBCI.DE (iShares € Inflation Linked Govt Bond UCITS ETF) and UINF.DE (Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc)) are both Inflation-Protected Bonds funds - IBCI.DE tracks the Bloomberg Euro Government Inflation-Linked Bond Index while UINF.DE tracks the iBoxx EUR Breakeven Euro-Inflation France & Germany Index. Both are passively managed. Over the past 10 years, IBCI.DE returned 1.37%/yr vs 2.12%/yr for UINF.DE. At a correlation of -0.09, they often move in opposite directions. IBCI.DE charges 0.09%/yr vs 0.25%/yr for UINF.DE.
Performance
IBCI.DE vs. UINF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCI.DE achieves a 2.73% return, which is significantly lower than UINF.DE's 6.29% return. Over the past 10 years, IBCI.DE has underperformed UINF.DE with an annualized return of 1.37%, while UINF.DE has yielded a comparatively higher 2.12% annualized return.
IBCI.DE
- 1D
- -0.03%
- 1M
- -0.44%
- 6M
- 1.64%
- YTD
- 2.73%
- 1Y
- 2.89%
- 3Y*
- 1.85%
- 5Y*
- 0.45%
- 10Y*
- 1.37%
UINF.DE
- 1D
- -0.07%
- 1M
- 1.52%
- 6M
- 4.27%
- YTD
- 6.29%
- 1Y
- 4.53%
- 3Y*
- 4.38%
- 5Y*
- 5.52%
- 10Y*
- 2.12%
IBCI.DE vs. UINF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 2.73% | 0.81% | -0.17% | 5.41% | -9.30% | 6.19% | 2.83% | 6.31% | -1.54% | 1.05% |
UINF.DE Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) | 6.29% | -8.21% | 12.68% | 1.01% | 9.16% | 18.53% | -8.28% | 3.58% | 3.75% | -12.00% |
Correlation
The correlation between IBCI.DE and UINF.DE is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since May 19, 2016 | -0.09 |
The correlation between IBCI.DE and UINF.DE shifts across timeframes, from -0.26 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCI.DE vs. UINF.DE — Risk / Return Rank
IBCI.DE
UINF.DE
IBCI.DE vs. UINF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.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.
| IBCI.DE | UINF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.32 | +0.22 |
| Martin ratioReturn relative to average drawdown | 3.99 | 2.74 | +1.25 |
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Drawdowns
IBCI.DE vs. UINF.DE - Drawdown Comparison
The maximum IBCI.DE drawdown since its inception was -16.37%, roughly equal to the maximum UINF.DE drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for IBCI.DE and UINF.DE.
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Drawdown Indicators
| IBCI.DE | UINF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -16.94% | +0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.87% | -3.41% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -12.26% | +6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -12.49% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | -16.94% | +0.57% |
Current DrawdownCurrent decline from peak | -5.92% | -5.58% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -7.53% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.64% | -0.92% |
Volatility
IBCI.DE vs. UINF.DE - Volatility Comparison
The current volatility for iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) is 0.80%, while Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) (UINF.DE) has a volatility of 1.47%. This indicates that IBCI.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
| IBCI.DE | UINF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 1.47% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 5.16% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 7.07% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.85% | 8.87% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 8.20% | -2.05% |
IBCI.DE vs. UINF.DE - Expense Ratio Comparison
IBCI.DE has a 0.09% 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
IBCI.DE vs. UINF.DE - Dividend Comparison
Neither IBCI.DE nor UINF.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCI.DE and UINF.DE have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCI.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for UINF.DE.
IBCI.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index, 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: 0.09% for IBCI.DE and 0.25% for UINF.DE.
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