IUS5.DE vs. EWJ
IUS5.DE (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and EWJ (iShares MSCI Japan ETF) are both exchange-traded funds - IUS5.DE is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond, while EWJ is a Japan Equities fund tracking the MSCI Japan Index. Both are passively managed. Over the past 10 years, IUS5.DE returned 0.80%/yr vs 9.04%/yr for EWJ. At a 0.11 correlation, their price movements are largely independent. IUS5.DE charges 0.20%/yr vs 0.49%/yr for EWJ.
Performance
IUS5.DE vs. EWJ - Performance Comparison
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Different Trading Currencies
IUS5.DE is traded in EUR, while EWJ is traded in USD. To make them comparable, the EWJ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUS5.DE achieves a 2.13% return, which is significantly lower than EWJ's 17.91% return. Over the past 10 years, IUS5.DE has underperformed EWJ with an annualized return of 0.80%, while EWJ has yielded a comparatively higher 9.04% annualized return.
IUS5.DE
- 1D
- -0.13%
- 1M
- 0.47%
- YTD
- 2.13%
- 6M
- 1.36%
- 1Y
- 2.03%
- 3Y*
- 0.57%
- 5Y*
- -1.37%
- 10Y*
- 0.80%
EWJ
- 1D
- 0.06%
- 1M
- 6.16%
- YTD
- 17.91%
- 6M
- 17.09%
- 1Y
- 30.66%
- 3Y*
- 15.36%
- 5Y*
- 9.85%
- 10Y*
- 9.04%
IUS5.DE vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUS5.DE iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 2.13% | -3.37% | 2.59% | 1.53% | -17.29% | 12.12% | 2.24% | 10.07% | 0.53% | -4.84% |
EWJ iShares MSCI Japan ETF | 17.91% | 10.91% | 14.10% | 16.69% | -12.62% | 8.72% | 5.89% | 22.03% | -10.07% | 8.99% |
Correlation
The correlation between IUS5.DE and EWJ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2009 | 0.11 |
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Return for Risk
IUS5.DE vs. EWJ — Risk / Return Rank
IUS5.DE
EWJ
IUS5.DE vs. EWJ - 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 MSCI Japan ETF (EWJ). 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.
| IUS5.DE | EWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.32 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.72 | -1.84 |
| Martin ratioReturn relative to average drawdown | 1.67 | 9.54 | -7.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUS5.DE | EWJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.71 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.58 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.53 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.28 | +0.15 |
Drawdowns
IUS5.DE vs. EWJ - Drawdown Comparison
The maximum IUS5.DE drawdown since its inception was -22.31%, smaller than the maximum EWJ drawdown of -46.15%. Use the drawdown chart below to compare losses from any high point for IUS5.DE and EWJ.
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Drawdown Indicators
| IUS5.DE | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.31% | -46.15% | +23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -11.34% | +9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -16.38% | +7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -19.48% | -2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | -29.30% | +6.99% |
Current DrawdownCurrent decline from peak | -17.45% | 0.00% | -17.45% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -11.99% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 3.23% | -2.02% |
Volatility
IUS5.DE vs. EWJ - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) is 1.90%, while iShares MSCI Japan ETF (EWJ) has a volatility of 3.40%. This indicates that IUS5.DE experiences smaller price fluctuations and is considered to be less risky than EWJ 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 | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 3.40% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 13.66% | -9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 18.07% | -13.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 17.13% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 17.06% | -9.12% |
IUS5.DE vs. EWJ - Expense Ratio Comparison
IUS5.DE has a 0.20% expense ratio, which is lower than EWJ's 0.49% expense ratio.
Dividends
IUS5.DE vs. EWJ - Dividend Comparison
IUS5.DE has not paid dividends to shareholders, while EWJ's dividend yield for the trailing twelve months is around 3.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJ iShares MSCI Japan ETF | 3.88% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUS5.DE and EWJ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUS5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS5.DE is cheaper with a 0.20% expense ratio, compared with 0.49% for EWJ.
IUS5.DE is categorized as Inflation-Protected Bonds, while EWJ is Japan Equities. IUS5.DE tracks Bloomberg World Government Inflation-Linked Bond, while EWJ tracks MSCI Japan Index. Their fees differ too: 0.20% for IUS5.DE and 0.49% for EWJ.
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