TPSA.AS vs. IMAE.AS
TPSA.AS (iShares $ TIPS UCITS ETF USD (Acc)) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - TPSA.AS is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, TPSA.AS returned 2.38%/yr vs 9.17%/yr for IMAE.AS. At a correlation of -0.03, they often move in opposite directions. TPSA.AS charges 0.12%/yr vs 0.20%/yr for IMAE.AS.
Performance
TPSA.AS vs. IMAE.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TPSA.AS achieves a 2.53% return, which is significantly lower than IMAE.AS's 7.51% return. Over the past 10 years, TPSA.AS has underperformed IMAE.AS with an annualized return of 2.38%, while IMAE.AS has yielded a comparatively higher 9.17% 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%
IMAE.AS
- 1D
- 0.53%
- 1M
- 3.33%
- YTD
- 7.51%
- 6M
- 9.82%
- 1Y
- 16.13%
- 3Y*
- 13.66%
- 5Y*
- 9.96%
- 10Y*
- 9.17%
TPSA.AS vs. IMAE.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% |
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.51% | 19.74% | 8.89% | 15.99% | -9.31% | 25.66% | -3.06% | 25.45% | -9.65% | 10.15% |
Correlation
The correlation between TPSA.AS and IMAE.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 | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPSA.AS vs. IMAE.AS — Risk / Return Rank
TPSA.AS
IMAE.AS
TPSA.AS vs. IMAE.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 Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.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 | IMAE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.68 | -0.91 |
| Martin ratioReturn relative to average drawdown | 1.95 | 6.22 | -4.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TPSA.AS | IMAE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.25 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.69 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.58 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.53 | -0.07 |
Drawdowns
TPSA.AS vs. IMAE.AS - Drawdown Comparison
The maximum TPSA.AS drawdown since its inception was -19.92%, smaller than the maximum IMAE.AS drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for TPSA.AS and IMAE.AS.
Loading charts...
Drawdown Indicators
| TPSA.AS | IMAE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -35.60% | +15.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -9.47% | +5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -10.93% | -16.51% | +5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -19.44% | +4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | -35.60% | +19.80% |
Current DrawdownCurrent decline from peak | -8.08% | -1.69% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -5.32% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.56% | -0.98% |
Volatility
TPSA.AS vs. IMAE.AS - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) is 0.89%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a volatility of 4.39%. This indicates that TPSA.AS experiences smaller price fluctuations and is considered to be less risky than IMAE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TPSA.AS | IMAE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 4.39% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 10.62% | -6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 12.76% | -6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 14.15% | -5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 15.54% | -7.39% |
TPSA.AS vs. IMAE.AS - Expense Ratio Comparison
TPSA.AS has a 0.12% expense ratio, which is lower than IMAE.AS's 0.20% 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
TPSA.AS vs. IMAE.AS - Dividend Comparison
Neither TPSA.AS nor IMAE.AS has paid dividends to shareholders.
Frequently Asked Questions
TPSA.AS and IMAE.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, TPSA.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPSA.AS is cheaper with a 0.12% expense ratio, compared with 0.20% for IMAE.AS.
TPSA.AS is categorized as Inflation-Protected Bonds, while IMAE.AS is Europe Equities. TPSA.AS tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IMAE.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.12% for TPSA.AS and 0.20% for IMAE.AS.
Find the right allocation for TPSA.AS and IMAE.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer