IEUS vs. IBIC
IEUS (iShares MSCI Europe Small-Cap ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - IEUS is a Europe Equities fund tracking the MSCI Europe Small Cap Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IEUS returned 10.51% vs 4.42% for IBIC. At a 0.03 correlation, their price movements are largely independent. IEUS charges 0.40%/yr vs 0.10%/yr for IBIC.
Performance
IEUS vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, IEUS achieves a 2.96% return, which is significantly higher than IBIC's 2.43% return.
IEUS
- 1D
- -1.36%
- 1M
- -3.42%
- YTD
- 2.96%
- 6M
- 3.35%
- 1Y
- 10.51%
- 3Y*
- 13.92%
- 5Y*
- 2.93%
- 10Y*
- 8.42%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEUS vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IEUS iShares MSCI Europe Small-Cap ETF | 2.96% | 32.06% | -1.59% | 11.15% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between IEUS and IBIC is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.03 |
The correlation between IEUS and IBIC shifts across timeframes, from -0.20 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEUS vs. IBIC — Risk / Return Rank
IEUS
IBIC
IEUS vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Small-Cap ETF (IEUS) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| IEUS | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.34 | ||
| Sortino ratioReturn per unit of downside risk | -7.95 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 2.22 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 16.56 | -15.74 |
| Martin ratioReturn relative to average drawdown | 2.79 | 58.67 | -55.89 |
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Drawdowns
IEUS vs. IBIC - Drawdown Comparison
The maximum IEUS drawdown since its inception was -63.09%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for IEUS and IBIC.
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Drawdown Indicators
| IEUS | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.09% | -0.90% | -62.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -0.27% | -12.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -4.49% | -0.08% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -0.10% | -15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 0.08% | +3.70% |
Volatility
IEUS vs. IBIC - Volatility Comparison
iShares MSCI Europe Small-Cap ETF (IEUS) has a higher volatility of 4.97% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that IEUS's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEUS | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 0.17% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 0.67% | +13.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 0.89% | +15.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 1.56% | +19.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 1.56% | +18.54% |
IEUS vs. IBIC - Expense Ratio Comparison
IEUS has a 0.40% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
IEUS vs. IBIC - Dividend Comparison
IEUS's dividend yield for the trailing twelve months is around 3.26%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEUS iShares MSCI Europe Small-Cap ETF | 3.26% | 3.19% | 3.25% | 2.97% | 3.00% | 2.63% | 1.21% | 4.03% | 3.21% | 2.13% | 2.48% | 2.06% |
Frequently Asked Questions
IEUS and IBIC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEUS has higher volatility (4.97%) compared to IBIC (0.17%). In terms of maximum drawdown, IEUS dropped -63.09% vs IBIC's -0.90%.
On 1-year performance, IEUS leads with 10.51% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEUS has performed better with a 10.51% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.40% for IEUS.
IBIC has the higher dividend yield at 3.58%, compared with 3.26% for IEUS.
IEUS is categorized as Europe Equities, while IBIC is Inflation-Protected Bonds. IEUS tracks MSCI Europe Small Cap Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.40% for IEUS and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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