TPSA.AS vs. EUEA.AS
TPSA.AS (iShares $ TIPS UCITS ETF USD (Acc)) and EUEA.AS (iShares EURO STOXX 50 UCITS ETF) are both exchange-traded funds - TPSA.AS is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while EUEA.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, TPSA.AS returned 2.38%/yr vs 10.53%/yr for EUEA.AS. At a correlation of -0.12, they often move in opposite directions. TPSA.AS charges 0.12%/yr vs 0.10%/yr for EUEA.AS.
Performance
TPSA.AS vs. EUEA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, TPSA.AS achieves a 2.53% return, which is significantly lower than EUEA.AS's 7.45% return. Over the past 10 years, TPSA.AS has underperformed EUEA.AS with an annualized return of 2.38%, while EUEA.AS has yielded a comparatively higher 10.53% annualized return.
TPSA.AS
- 1D
- -0.13%
- 1M
- 0.70%
- YTD
- 2.53%
- 6M
- 1.56%
- 1Y
- 3.01%
- 3Y*
- 1.06%
- 5Y*
- 1.90%
- 10Y*
- 2.38%
EUEA.AS
- 1D
- 0.82%
- 1M
- 4.69%
- YTD
- 7.45%
- 6M
- 8.63%
- 1Y
- 15.80%
- 3Y*
- 15.60%
- 5Y*
- 11.52%
- 10Y*
- 10.53%
TPSA.AS vs. EUEA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPSA.AS iShares $ TIPS UCITS ETF USD (Acc) | 2.53% | -5.59% | 8.47% | 0.33% | -7.67% | 15.08% | 1.51% | 11.11% | 3.08% | -9.23% |
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 7.45% | 21.70% | 11.49% | 23.09% | -9.29% | 24.04% | -2.55% | 27.75% | -11.10% | 9.82% |
Correlation
The correlation between TPSA.AS and EUEA.AS is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2009 | -0.12 |
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Return for Risk
TPSA.AS vs. EUEA.AS — Risk / Return Rank
TPSA.AS
EUEA.AS
TPSA.AS vs. EUEA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and iShares EURO STOXX 50 UCITS ETF (EUEA.AS). 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.
| TPSA.AS | EUEA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.43 | -0.66 |
| Martin ratioReturn relative to average drawdown | 1.95 | 4.86 | -2.91 |
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
| TPSA.AS | EUEA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.99 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.65 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.57 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.12 | +0.34 |
Drawdowns
TPSA.AS vs. EUEA.AS - Drawdown Comparison
The maximum TPSA.AS drawdown since its inception was -19.92%, smaller than the maximum EUEA.AS drawdown of -62.53%. Use the drawdown chart below to compare losses from any high point for TPSA.AS and EUEA.AS.
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Drawdown Indicators
| TPSA.AS | EUEA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -62.53% | +42.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -10.91% | +6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -10.93% | -16.32% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -23.35% | +8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | -38.22% | +22.42% |
Current DrawdownCurrent decline from peak | -8.08% | -0.49% | -7.59% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -24.30% | +17.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 3.22% | -1.64% |
Volatility
TPSA.AS vs. EUEA.AS - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) is 0.89%, while iShares EURO STOXX 50 UCITS ETF (EUEA.AS) has a volatility of 4.91%. This indicates that TPSA.AS experiences smaller price fluctuations and is considered to be less risky than EUEA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPSA.AS | EUEA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 4.91% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 12.92% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 15.80% | -9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 17.37% | -8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 18.11% | -9.96% |
TPSA.AS vs. EUEA.AS - Expense Ratio Comparison
TPSA.AS has a 0.12% expense ratio, which is higher than EUEA.AS's 0.10% 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
TPSA.AS vs. EUEA.AS - Dividend Comparison
TPSA.AS has not paid dividends to shareholders, while EUEA.AS's dividend yield for the trailing twelve months is around 2.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 2.55% | 2.52% | 3.01% | 3.02% | 2.94% | 2.05% | 2.16% | 3.05% | 3.67% | 2.85% | 3.38% | 2.96% |
TPSA.AS iShares $ 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% | 0.00% | 0.00% |
Frequently Asked Questions
TPSA.AS and EUEA.AS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUEA.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUEA.AS is cheaper with a 0.10% expense ratio, compared with 0.12% for TPSA.AS.
TPSA.AS is categorized as Inflation-Protected Bonds, while EUEA.AS is Europe Equities. TPSA.AS tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while EUEA.AS tracks MSCI EMU NR EUR. Their fees differ too: 0.12% for TPSA.AS and 0.10% for EUEA.AS.
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