IUS5.DE vs. VWOB
IUS5.DE (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both exchange-traded funds - IUS5.DE is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond, while VWOB is a Emerging Markets Bonds fund tracking the Barclays USD Emerging Markets Government RIC Capped Index. Both are passively managed. Over the past 10 years, IUS5.DE returned 0.80%/yr vs 3.30%/yr for VWOB. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IUS5.DE vs. VWOB - Performance Comparison
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Different Trading Currencies
IUS5.DE is traded in EUR, while VWOB is traded in USD. To make them comparable, the VWOB 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 VWOB's 2.95% return. Over the past 10 years, IUS5.DE has underperformed VWOB with an annualized return of 0.80%, while VWOB has yielded a comparatively higher 3.30% 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%
VWOB
- 1D
- 0.10%
- 1M
- 1.38%
- YTD
- 2.95%
- 6M
- 2.35%
- 1Y
- 9.19%
- 3Y*
- 6.39%
- 5Y*
- 3.08%
- 10Y*
- 3.30%
IUS5.DE vs. VWOB - 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 2.95% | 0.03% | 12.15% | 7.36% | -12.27% | 5.54% | -3.06% | 17.05% | 1.63% | -4.91% |
Correlation
The correlation between IUS5.DE and VWOB 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 | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.49 |
The correlation between IUS5.DE and VWOB shifts across timeframes, from 0.39 (1 year) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUS5.DE vs. VWOB — Risk / Return Rank
IUS5.DE
VWOB
IUS5.DE vs. VWOB - 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 Vanguard Emerging Markets Government Bond ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.26 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.61 | -1.74 |
| Martin ratioReturn relative to average drawdown | 1.67 | 8.31 | -6.64 |
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 | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.38 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.33 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.32 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.44 | -0.02 |
Drawdowns
IUS5.DE vs. VWOB - Drawdown Comparison
The maximum IUS5.DE drawdown since its inception was -22.31%, smaller than the maximum VWOB drawdown of -25.90%. Use the drawdown chart below to compare losses from any high point for IUS5.DE and VWOB.
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Drawdown Indicators
| IUS5.DE | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.31% | -25.90% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -3.39% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -12.92% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -14.21% | -8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -22.31% | -25.90% | +3.59% |
Current DrawdownCurrent decline from peak | -17.45% | -0.55% | -16.90% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -6.33% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 1.06% | +0.15% |
Volatility
IUS5.DE vs. VWOB - Volatility Comparison
iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (IUS5.DE) has a higher volatility of 1.90% compared to Vanguard Emerging Markets Government Bond ETF (VWOB) at 1.14%. This indicates that IUS5.DE's price experiences larger fluctuations and is considered to be riskier than VWOB 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 | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 1.14% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 4.68% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 6.40% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 9.43% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 10.21% | -2.27% |
IUS5.DE vs. VWOB - Expense Ratio Comparison
Both IUS5.DE and VWOB have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUS5.DE vs. VWOB - Dividend Comparison
IUS5.DE has not paid dividends to shareholders, while VWOB's dividend yield for the trailing twelve months is around 5.83%.
| Position | 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.83% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
IUS5.DE and VWOB 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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUS5.DE and VWOB have the same expense ratio: 0.20% per year.
IUS5.DE is categorized as Inflation-Protected Bonds, while VWOB is Emerging Markets Bonds. IUS5.DE tracks Bloomberg World Government Inflation-Linked Bond, while VWOB tracks Barclays USD Emerging Markets Government RIC Capped Index. They also come from different issuers: iShares and Vanguard.
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