IUS5.DE vs. FBND

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) and Fidelity Total Bond ETF (FBND).

IUS5.DE and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUS5.DE is a passively managed fund by iShares that tracks the performance of the Bloomberg World Government Inflation-Linked Bond. It was launched on Aug 1, 2008. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.

Performance

IUS5.DE vs. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

IUS5.DE vs. FBND - 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)	1.38%	-3.37%	2.59%	1.53%	-17.29%	12.12%	2.24%	10.07%	0.53%	-4.84%
FBND Fidelity Total Bond ETF	1.66%	-5.20%	8.87%	3.61%	-7.12%	7.01%	0.40%	12.30%	4.10%	-9.20%

Different Trading Currencies

IUS5.DE is traded in EUR, while FBND is traded in USD. To make them comparable, the FBND 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 1.38% return, which is significantly lower than FBND's 1.66% return. Over the past 10 years, IUS5.DE has underperformed FBND with an annualized return of 0.89%, while FBND has yielded a comparatively higher 2.62% annualized return.

IUS5.DE

• 1D: -0.27%
• 1M: -0.78%
• YTD: 1.38%
• 6M: 2.08%
• 1Y: -2.46%
• 3Y*: -0.16%
• 5Y*: -1.47%
• 10Y*: 0.89%

FBND

• 1D: 0.00%
• 1M: -0.83%
• YTD: 1.66%
• 6M: 1.94%
• 1Y: -2.13%
• 3Y*: 2.18%
• 5Y*: 1.37%
• 10Y*: 2.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUS5.DE vs. FBND - Expense Ratio Comparison

IUS5.DE has a 0.20% expense ratio, which is lower than FBND's 0.36% expense ratio.

FBND

Fidelity Total Bond ETF

IUS5.DE

iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)

Return for Risk

IUS5.DE vs. FBND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUS5.DE

IUS5.DE Risk / Return Rank: 6
IUS5.DE Sharpe Ratio Rank: 6
IUS5.DE Sortino Ratio Rank: 5
IUS5.DE Omega Ratio Rank: 5
IUS5.DE Calmar Ratio Rank: 7
IUS5.DE Martin Ratio Rank: 7

FBND

FBND Risk / Return Rank: 52
FBND Sharpe Ratio Rank: 57
FBND Sortino Ratio Rank: 54
FBND Omega Ratio Rank: 45
FBND Calmar Ratio Rank: 58
FBND Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUS5.DE vs. FBND - 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 Fidelity Total Bond ETF (FBND). 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	FBND	Difference
Sharpe ratio Return per unit of total volatility	-0.37	-0.27	-0.10
Sortino ratio Return per unit of downside risk	-0.42	-0.29	-0.13
Omega ratio Gain probability vs. loss probability	0.94	0.96	-0.02
Calmar ratio Return relative to maximum drawdown	-0.31	-0.32	+0.01
Martin ratio Return relative to average drawdown	-0.58	-0.57	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUS5.DE vs. FBND - Sharpe Ratio Comparison

The current IUS5.DE Sharpe Ratio is -0.37, which is lower than the FBND Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of IUS5.DE and FBND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IUS5.DE	FBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	-0.27	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.17	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.31	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.38	+0.04

Correlation

The correlation between IUS5.DE and FBND is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IUS5.DE vs. FBND - Dividend Comparison

IUS5.DE has not paid dividends to shareholders, while FBND's dividend yield for the trailing twelve months is around 4.72%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FBND Fidelity Total Bond ETF	4.72%	4.70%	4.73%	4.26%	3.07%	1.86%	4.25%	2.90%	2.93%	2.56%	2.84%	3.26%

Drawdowns

IUS5.DE vs. FBND - Drawdown Comparison

The maximum IUS5.DE drawdown since its inception was -22.31%, which is greater than FBND's maximum drawdown of -15.51%. Use the drawdown chart below to compare losses from any high point for IUS5.DE and FBND.

Drawdown Indicators

	IUS5.DE	FBND	Difference
Max Drawdown Largest peak-to-trough decline	-22.31%	-17.25%	-5.06%
Max Drawdown (1Y) Largest decline over 1 year	-5.62%	-2.79%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.31%	-17.25%	-5.06%
Max Drawdown (10Y) Largest decline over 10 years	-22.31%	-17.25%	-5.06%
Current Drawdown Current decline from peak	-18.06%	-1.59%	-16.47%
Average Drawdown Average peak-to-trough decline	-7.34%	-3.38%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	0.90%	+2.02%

Volatility

IUS5.DE vs. FBND - Volatility Comparison

iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) has a higher volatility of 2.13% compared to Fidelity Total Bond ETF (FBND) at 2.02%. This indicates that IUS5.DE's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUS5.DE	FBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	2.02%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	3.30%	4.39%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	6.63%	8.05%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.56%	7.96%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.94%	8.44%	-0.50%