TIP5.L vs. IBCI.L
TIP5.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) and IBCI.L (iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc)) are both Inflation-Protected Bonds funds from iShares - TIP5.L tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5 while IBCI.L tracks the BBG Euro Government Inflation-Linked Bond Index (EUR). Both are passively managed. Over the past 5 years, TIP5.L returned 2.89%/yr vs -0.14%/yr for IBCI.L. At a 0.29 correlation, their price movements are largely independent. TIP5.L charges 0.10%/yr vs 0.09%/yr for IBCI.L.
Performance
TIP5.L vs. IBCI.L - Performance Comparison
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Different Trading Currencies
TIP5.L is traded in USD, while IBCI.L is traded in GBP. To make them comparable, the IBCI.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TIP5.L achieves a 1.21% return, which is significantly higher than IBCI.L's -0.06% return.
TIP5.L
- 1D
- 0.20%
- 1M
- 0.20%
- 6M
- 1.42%
- YTD
- 1.21%
- 1Y
- 2.91%
- 3Y*
- 4.67%
- 5Y*
- 2.89%
- 10Y*
- —
IBCI.L
- 1D
- 0.11%
- 1M
- -1.04%
- 6M
- 0.40%
- YTD
- -0.06%
- 1Y
- 1.49%
- 3Y*
- 2.57%
- 5Y*
- -0.14%
- 10Y*
- 1.80%
TIP5.L vs. IBCI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 1.21% | 6.33% | 3.94% | 4.20% | -2.77% | 5.40% | 4.98% | 4.81% | 0.71% | 0.01% |
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | -0.06% | 14.03% | -6.15% | 8.94% | -14.56% | -1.69% | 11.77% | 5.24% | -6.65% | 16.66% |
Correlation
The correlation between TIP5.L and IBCI.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2017 | 0.29 |
The correlation between TIP5.L and IBCI.L shifts across timeframes, from 0.18 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIP5.L vs. IBCI.L — Risk / Return Rank
TIP5.L
IBCI.L
TIP5.L vs. IBCI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L) and iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L). 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.
| TIP5.L | IBCI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.04 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.28 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.74 | 0.70 | +5.04 |
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Drawdowns
TIP5.L vs. IBCI.L - Drawdown Comparison
The maximum TIP5.L drawdown since its inception was -5.42%, smaller than the maximum IBCI.L drawdown of -39.46%. Use the drawdown chart below to compare losses from any high point for TIP5.L and IBCI.L.
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Drawdown Indicators
| TIP5.L | IBCI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.42% | -39.46% | +34.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -5.20% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.88% | -15.03% | +11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -5.22% | -27.24% | +22.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.24% | — |
Current DrawdownCurrent decline from peak | -0.80% | -19.70% | +18.90% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -25.91% | +25.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.11% | -1.60% |
Volatility
TIP5.L vs. IBCI.L - Volatility Comparison
The current volatility for iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L) is 0.54%, while iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L) has a volatility of 1.56%. This indicates that TIP5.L experiences smaller price fluctuations and is considered to be less risky than IBCI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP5.L | IBCI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 1.56% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 6.19% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 7.96% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.98% | 13.69% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 12.96% | -9.17% |
TIP5.L vs. IBCI.L - Expense Ratio Comparison
TIP5.L has a 0.10% expense ratio, which is higher than IBCI.L'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
TIP5.L vs. IBCI.L - Dividend Comparison
TIP5.L's dividend yield for the trailing twelve months is around 5.13%, while IBCI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 5.13% | 5.94% | 6.18% | 5.15% | 0.29% | 0.37% | 3.00% | 3.27% | 2.99% | 1.03% |
Frequently Asked Questions
TIP5.L and IBCI.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCI.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.L is cheaper with a 0.09% expense ratio, compared with 0.10% for TIP5.L.
TIP5.L tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5, while IBCI.L tracks BBG Euro Government Inflation-Linked Bond Index (EUR). Their fees differ too: 0.10% for TIP5.L and 0.09% for IBCI.L.
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