IUS5.DE vs. E15H.DE
IUS5.DE (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and E15H.DE (Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist)) are both Inflation-Protected Bonds funds - IUS5.DE tracks the Bloomberg World Government Inflation-Linked Bond while E15H.DE tracks the Bloomberg Euro Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, IUS5.DE returned -1.92%/yr vs 0.46%/yr for E15H.DE. A 0.60 correlation means they provide meaningful diversification when combined. IUS5.DE charges 0.20%/yr vs 0.09%/yr for E15H.DE.
Performance
IUS5.DE vs. E15H.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IUS5.DE having a 2.69% return and E15H.DE slightly higher at 2.73%.
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%
E15H.DE
- 1D
- 0.13%
- 1M
- -0.47%
- 6M
- 1.73%
- YTD
- 2.73%
- 1Y
- 2.87%
- 3Y*
- 1.85%
- 5Y*
- 0.46%
- 10Y*
- —
IUS5.DE vs. E15H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IUS5.DE iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 2.69% | -3.37% | 2.59% | 1.53% | -17.30% | 12.12% | -0.51% |
E15H.DE Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) | 2.73% | 0.86% | -0.10% | 5.42% | -9.40% | 6.32% | 2.91% |
Correlation
The correlation between IUS5.DE and E15H.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.60 |
Over the past year, the correlation between IUS5.DE and E15H.DE has dropped to 0.39 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
IUS5.DE vs. E15H.DE — Risk / Return Rank
IUS5.DE
E15H.DE
IUS5.DE vs. E15H.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 Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.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 | E15H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.43 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.36 | 4.35 | -1.00 |
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Drawdowns
IUS5.DE vs. E15H.DE - Drawdown Comparison
The maximum IUS5.DE drawdown since its inception was -35.18%, which is greater than E15H.DE's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for IUS5.DE and E15H.DE.
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Drawdown Indicators
| IUS5.DE | E15H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -15.98% | -19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -2.00% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -5.43% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -15.98% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | — | — |
Current DrawdownCurrent decline from peak | -16.99% | -5.77% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -14.95% | -7.15% | -7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.66% | +0.45% |
Volatility
IUS5.DE vs. E15H.DE - Volatility Comparison
iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) has a higher volatility of 0.94% compared to Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) (E15H.DE) at 0.84%. This indicates that IUS5.DE's price experiences larger fluctuations and is considered to be riskier than E15H.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 | E15H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.84% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 2.85% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 3.87% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.54% | 6.65% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.48% | 6.32% | +3.16% |
IUS5.DE vs. E15H.DE - Expense Ratio Comparison
IUS5.DE has a 0.20% expense ratio, which is higher than E15H.DE's 0.09% 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. E15H.DE - Dividend Comparison
IUS5.DE has not paid dividends to shareholders, while E15H.DE's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
E15H.DE Amundi Euro Government Inflation-Linked Bond UCITS ETF (Dist) | 0.94% | 0.97% | 0.82% | 0.74% | 0.94% | 0.86% | 0.36% |
IUS5.DE iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUS5.DE and E15H.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E15H.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E15H.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for IUS5.DE.
IUS5.DE tracks Bloomberg World Government Inflation-Linked Bond, while E15H.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IUS5.DE and 0.09% for E15H.DE.
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