TIUP.DE vs. IBC5.DE
TIUP.DE (Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist) and IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) are both Inflation-Protected Bonds funds - TIUP.DE tracks the Bloomberg US Government Inflation-Linked Bond while IBC5.DE tracks the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, TIUP.DE returned 1.06%/yr vs -1.53%/yr for IBC5.DE. At a 0.39 correlation, their price movements are largely independent. TIUP.DE charges 0.09%/yr vs 0.12%/yr for IBC5.DE.
Performance
TIUP.DE vs. IBC5.DE - Performance Comparison
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Returns By Period
TIUP.DE
- 1D
- 0.28%
- 1M
- 0.84%
- 6M
- 2.25%
- YTD
- 3.82%
- 1Y
- 4.58%
- 3Y*
- 2.98%
- 5Y*
- 1.06%
- 10Y*
- —
IBC5.DE
- 1D
- 0.19%
- 1M
- -0.74%
- 6M
- -0.19%
- YTD
- -0.00%
- 1Y
- 1.13%
- 3Y*
- 1.66%
- 5Y*
- -1.53%
- 10Y*
- —
TIUP.DE vs. IBC5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TIUP.DE Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist | 3.82% | -5.06% | 7.75% | -0.00% | -7.04% | 14.87% | 1.09% | 11.34% | 7.71% |
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -0.00% | 4.47% | 0.00% | 1.38% | -14.33% | 4.96% | 9.71% | 5.53% | -2.20% |
Correlation
The correlation between TIUP.DE and IBC5.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.39 |
Over the past year, the correlation between TIUP.DE and IBC5.DE has dropped to 0.14 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
TIUP.DE vs. IBC5.DE — Risk / Return Rank
TIUP.DE
IBC5.DE
TIUP.DE vs. IBC5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist (TIUP.DE) and iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.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.
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.
| TIUP.DE | IBC5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.05 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.51 | +0.62 |
| Martin ratioReturn relative to average drawdown | 3.07 | 1.10 | +1.97 |
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Drawdowns
TIUP.DE vs. IBC5.DE - Drawdown Comparison
The maximum TIUP.DE drawdown since its inception was -21.40%, which is greater than IBC5.DE's maximum drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for TIUP.DE and IBC5.DE.
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Drawdown Indicators
| TIUP.DE | IBC5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.40% | -18.53% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -2.19% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -10.91% | -5.06% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -18.53% | +3.27% |
Current DrawdownCurrent decline from peak | -7.22% | -10.18% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -7.05% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.03% | +0.46% |
Volatility
TIUP.DE vs. IBC5.DE - Volatility Comparison
Amundi US Tips Government Inflation-Linked Bond UCITS ETF Dist (TIUP.DE) has a higher volatility of 1.19% compared to iShares $ TIPS UCITS ETF EUR Hedged (Acc) (IBC5.DE) at 0.96%. This indicates that TIUP.DE's price experiences larger fluctuations and is considered to be riskier than IBC5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIUP.DE | IBC5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.96% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 3.07% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 4.20% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.35% | 6.25% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 6.30% | +1.88% |
TIUP.DE vs. IBC5.DE - Expense Ratio Comparison
TIUP.DE has a 0.09% expense ratio, which is lower than IBC5.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TIUP.DE vs. IBC5.DE - Dividend Comparison
TIUP.DE's dividend yield for the trailing twelve months is around 1.08%, while IBC5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (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 | 1.08% | 1.12% | 0.89% | 0.72% | 0.73% | 0.54% | 0.66% | 0.74% | 0.78% | 0.82% |
Frequently Asked Questions
TIUP.DE and IBC5.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.12% for IBC5.DE.
TIUP.DE tracks Bloomberg US Government Inflation-Linked Bond, while IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for TIUP.DE and 0.12% for IBC5.DE.
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