IUST.DE vs. TIUP.DE
IUST.DE (iShares USD TIPS UCITS ETF USD (Acc)) and TIUP.DE (Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist) are both Inflation-Protected Bonds funds tracking the Bloomberg US Government Inflation-Linked Bond, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, IUST.DE returned 1.90%/yr vs 1.79%/yr for TIUP.DE. With a 0.98 correlation, they move nearly in lockstep. IUST.DE charges 0.10%/yr vs 0.09%/yr for TIUP.DE.
Performance
IUST.DE vs. TIUP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IUST.DE having a 2.52% return and TIUP.DE slightly higher at 2.64%.
IUST.DE
- 1D
- -0.11%
- 1M
- 1.13%
- YTD
- 2.52%
- 6M
- 1.46%
- 1Y
- 3.26%
- 3Y*
- 1.05%
- 5Y*
- 1.90%
- 10Y*
- 2.38%
TIUP.DE
- 1D
- -0.03%
- 1M
- 1.08%
- YTD
- 2.64%
- 6M
- 1.25%
- 1Y
- 3.07%
- 3Y*
- 0.91%
- 5Y*
- 1.79%
- 10Y*
- —
IUST.DE vs. TIUP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUST.DE iShares USD TIPS UCITS ETF USD (Acc) | 2.52% | -4.87% | 7.83% | -0.00% | -7.02% | 14.87% | 0.99% | 11.24% | 3.24% | -10.22% |
TIUP.DE Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist | 2.64% | -5.20% | 7.69% | -0.05% | -7.05% | 14.77% | 1.01% | 11.25% | 3.10% | -10.26% |
Correlation
The correlation between IUST.DE and TIUP.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2017 | 0.98 |
The correlation between IUST.DE and TIUP.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
IUST.DE vs. TIUP.DE — Risk / Return Rank
IUST.DE
TIUP.DE
IUST.DE vs. TIUP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD TIPS UCITS ETF USD (Acc) (IUST.DE) and Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist (TIUP.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.
| IUST.DE | TIUP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.08 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.65 | +0.09 |
| Martin ratioReturn relative to average drawdown | 1.93 | 1.72 | +0.21 |
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
| IUST.DE | TIUP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.46 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.21 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.20 | +0.23 |
Drawdowns
IUST.DE vs. TIUP.DE - Drawdown Comparison
The maximum IUST.DE drawdown since its inception was -19.93%, which is greater than TIUP.DE's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for IUST.DE and TIUP.DE.
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Drawdown Indicators
| IUST.DE | TIUP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -15.80% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -4.19% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -10.75% | -10.91% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -15.26% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -15.81% | — | — |
Current DrawdownCurrent decline from peak | -8.09% | -8.51% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -7.01% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.60% | -0.06% |
Volatility
IUST.DE vs. TIUP.DE - Volatility Comparison
The current volatility for iShares USD TIPS UCITS ETF USD (Acc) (IUST.DE) is 0.74%, while Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist (TIUP.DE) has a volatility of 0.97%. This indicates that IUST.DE experiences smaller price fluctuations and is considered to be less risky than TIUP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUST.DE | TIUP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.97% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 4.12% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 5.95% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.29% | 8.38% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 8.07% | -0.07% |
IUST.DE vs. TIUP.DE - Expense Ratio Comparison
IUST.DE has a 0.10% expense ratio, which is higher than TIUP.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
IUST.DE vs. TIUP.DE - Dividend Comparison
IUST.DE has not paid dividends to shareholders, while TIUP.DE's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IUST.DE iShares USD TIPS UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIUP.DE Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist | 0.94% | 0.96% | 0.85% | 0.67% | 0.72% | 0.46% | 0.58% | 0.66% | 0.67% | 0.72% |
Frequently Asked Questions
With a correlation of 0.97, IUST.DE and TIUP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TIUP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIUP.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for IUST.DE.
Both ETFs track Bloomberg US Government Inflation-Linked Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.10% for IUST.DE and 0.09% for TIUP.DE.
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