IUS5.DE vs. CBUL.DE
IUS5.DE (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and CBUL.DE (iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist)) are both Inflation-Protected Bonds funds from iShares - IUS5.DE tracks the Bloomberg World Government Inflation-Linked Bond while CBUL.DE tracks the ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged). Both are passively managed. Over the past 3 years, IUS5.DE returned 1.59%/yr vs 3.13%/yr for CBUL.DE. At a 0.35 correlation, their price movements are largely independent. IUS5.DE charges 0.20%/yr vs 0.12%/yr for CBUL.DE.
Performance
IUS5.DE vs. CBUL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUS5.DE achieves a 2.69% return, which is significantly higher than CBUL.DE's 0.78% return.
IUS5.DE
- 1D
- 0.03%
- 1M
- 0.11%
- 6M
- 1.28%
- YTD
- 2.69%
- 1Y
- 3.74%
- 3Y*
- 1.59%
- 5Y*
- -1.92%
- 10Y*
- 0.54%
CBUL.DE
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- 0.78%
- YTD
- 0.78%
- 1Y
- 1.21%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
IUS5.DE vs. CBUL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IUS5.DE iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 2.69% | -3.37% | 2.59% | 1.53% | -15.76% |
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 0.78% | 3.87% | 3.10% | 2.21% | -3.69% |
Correlation
The correlation between IUS5.DE and CBUL.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.35 |
Over the past year, the correlation between IUS5.DE and CBUL.DE has dropped to 0.08 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
IUS5.DE vs. CBUL.DE — Risk / Return Rank
IUS5.DE
CBUL.DE
IUS5.DE vs. CBUL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) and iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.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.
| IUS5.DE | CBUL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.08 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.76 | +0.85 |
| Martin ratioReturn relative to average drawdown | 3.36 | 2.07 | +1.29 |
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Drawdowns
IUS5.DE vs. CBUL.DE - Drawdown Comparison
The maximum IUS5.DE drawdown since its inception was -35.18%, which is greater than CBUL.DE's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for IUS5.DE and CBUL.DE.
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Drawdown Indicators
| IUS5.DE | CBUL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -5.07% | -30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -1.58% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -1.58% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | — | — |
Current DrawdownCurrent decline from peak | -16.99% | -1.02% | -15.97% |
Average DrawdownAverage peak-to-trough decline | -14.95% | -1.80% | -13.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.59% | +0.52% |
Volatility
IUS5.DE vs. CBUL.DE - Volatility Comparison
iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) has a higher volatility of 0.94% compared to iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) at 0.71%. This indicates that IUS5.DE's price experiences larger fluctuations and is considered to be riskier than CBUL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS5.DE | CBUL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.71% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 2.93% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 3.98% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 3.45% | +5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.48% | 3.45% | +6.03% |
IUS5.DE vs. CBUL.DE - Expense Ratio Comparison
IUS5.DE has a 0.20% expense ratio, which is higher than CBUL.DE's 0.12% 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
IUS5.DE vs. CBUL.DE - Dividend Comparison
IUS5.DE has not paid dividends to shareholders, while CBUL.DE's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 5.91% | 5.98% | 6.93% | 5.21% | 0.33% |
IUS5.DE iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUS5.DE and CBUL.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUL.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUL.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IUS5.DE.
IUS5.DE tracks Bloomberg World Government Inflation-Linked Bond, while CBUL.DE tracks ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged). Their fees differ too: 0.20% for IUS5.DE and 0.12% for CBUL.DE.
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