IEAA.L vs. VTIP
IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 5 years, IEAA.L returned -0.13%/yr vs 3.89%/yr for VTIP. At a 0.05 correlation, their price movements are largely independent. IEAA.L charges 0.20%/yr vs 0.03%/yr for VTIP.
Performance
IEAA.L vs. VTIP - Performance Comparison
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Different Trading Currencies
IEAA.L is traded in EUR, while VTIP is traded in USD. To make them comparable, the VTIP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAA.L achieves a 0.37% return, which is significantly lower than VTIP's 4.80% return.
IEAA.L
- 1D
- 0.00%
- 1M
- -0.37%
- 6M
- -0.00%
- YTD
- 0.37%
- 1Y
- 1.32%
- 3Y*
- 4.31%
- 5Y*
- -0.13%
- 10Y*
- —
- ALL TIME*
- 0.83%
VTIP
- 1D
- 0.14%
- 1M
- 0.73%
- 6M
- 3.48%
- YTD
- 4.80%
- 1Y
- 5.25%
- 3Y*
- 4.22%
- 5Y*
- 3.89%
- 10Y*
- 2.68%
- ALL TIME*
- 3.25%
IEAA.L vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.37% | 3.08% | 4.42% | 7.48% | -13.40% | -1.11% | 2.70% | 6.24% | -1.48% | 0.67% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 4.80% | -6.52% | 11.65% | 1.48% | 3.08% | 13.24% | -3.70% | 7.23% | 5.28% | -0.79% |
Correlation
The correlation between IEAA.L and VTIP is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.05 |
The correlation between IEAA.L and VTIP shifts across timeframes, from -0.24 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEAA.L vs. VTIP — Risk / Return Rank
IEAA.L
VTIP
IEAA.L vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
| IEAA.L | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.26 | -0.75 |
| Martin ratioReturn relative to average drawdown | 1.76 | 3.68 | -1.92 |
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Drawdowns
IEAA.L vs. VTIP - Drawdown Comparison
The maximum IEAA.L drawdown since its inception was -17.29%, roughly equal to the maximum VTIP drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for IEAA.L and VTIP.
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Drawdown Indicators
| IEAA.L | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -16.49% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -4.19% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -2.58% | -10.53% | +7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -12.09% | -5.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.49% | — |
Current DrawdownCurrent decline from peak | -1.19% | -3.87% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -5.16% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.43% | -0.68% |
Volatility
IEAA.L vs. VTIP - Volatility Comparison
The current volatility for iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) is 0.89%, while Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a volatility of 1.09%. This indicates that IEAA.L experiences smaller price fluctuations and is considered to be less risky than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAA.L | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.09% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 4.37% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 5.90% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.59% | 7.48% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 7.39% | -2.68% |
IEAA.L vs. VTIP - Expense Ratio Comparison
IEAA.L has a 0.20% expense ratio, which is higher than VTIP's 0.03% 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
IEAA.L vs. VTIP - Dividend Comparison
IEAA.L has not paid dividends to shareholders, while VTIP's dividend yield for the trailing twelve months is around 4.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 4.15% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
IEAA.L and VTIP have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.20% for IEAA.L.
IEAA.L is categorized as European Corporate Bonds, while VTIP is Inflation-Protected Bonds. IEAA.L tracks Bloomberg Euro Corp TR EUR, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IEAA.L and 0.03% for VTIP.
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