XEIN.DE vs. CBUL.DE
XEIN.DE (Xtrackers II Eurozone Inflation-Linked Bond UCITS ETF (Acc)) and CBUL.DE (iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist)) are both Inflation-Protected Bonds funds - XEIN.DE tracks the iBoxx Euro Inflation-Linked Index while CBUL.DE tracks the ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged). Both are passively managed. Over the past 3 years, XEIN.DE returned 1.98%/yr vs 3.20%/yr for CBUL.DE. At a 0.38 correlation, their price movements are largely independent. XEIN.DE charges 0.15%/yr vs 0.12%/yr for CBUL.DE.
Performance
XEIN.DE vs. CBUL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEIN.DE achieves a 2.96% return, which is significantly higher than CBUL.DE's 0.78% return.
XEIN.DE
- 1D
- -0.13%
- 1M
- -0.08%
- 6M
- 3.38%
- YTD
- 2.96%
- 1Y
- 2.36%
- 3Y*
- 1.98%
- 5Y*
- 0.62%
- 10Y*
- 1.42%
CBUL.DE
- 1D
- 0.00%
- 1M
- -0.46%
- 6M
- 0.78%
- YTD
- 0.78%
- 1Y
- 1.66%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
XEIN.DE vs. CBUL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEIN.DE Xtrackers II Eurozone Inflation-Linked Bond UCITS ETF (Acc) | 2.96% | 0.88% | -0.23% | 5.58% | -10.79% |
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 0.78% | 3.87% | 3.10% | 2.21% | -3.69% |
Correlation
The correlation between XEIN.DE and CBUL.DE 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 | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.38 |
Over the past year, the correlation between XEIN.DE and CBUL.DE has dropped to 0.09 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
XEIN.DE vs. CBUL.DE — Risk / Return Rank
XEIN.DE
CBUL.DE
XEIN.DE vs. CBUL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Inflation-Linked Bond UCITS ETF (Acc) (XEIN.DE) and iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.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.
| XEIN.DE | CBUL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.05 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.41 | 2.99 | +0.43 |
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Drawdowns
XEIN.DE vs. CBUL.DE - Drawdown Comparison
The maximum XEIN.DE drawdown since its inception was -16.30%, which is greater than CBUL.DE's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for XEIN.DE and CBUL.DE.
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Drawdown Indicators
| XEIN.DE | CBUL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -5.07% | -11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -1.58% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.33% | -1.58% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.30% | — | — |
Current DrawdownCurrent decline from peak | -5.80% | -1.02% | -4.78% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -1.81% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.56% | +0.13% |
Volatility
XEIN.DE vs. CBUL.DE - Volatility Comparison
Xtrackers II Eurozone Inflation-Linked Bond UCITS ETF (Acc) (XEIN.DE) has a higher volatility of 0.88% compared to iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) at 0.74%. This indicates that XEIN.DE's price experiences larger fluctuations and is considered to be riskier than CBUL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEIN.DE | CBUL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.74% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.92% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.98% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 3.46% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 3.46% | +2.69% |
XEIN.DE vs. CBUL.DE - Expense Ratio Comparison
XEIN.DE has a 0.15% expense ratio, which is higher than CBUL.DE's 0.12% 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
XEIN.DE vs. CBUL.DE - Dividend Comparison
XEIN.DE has not paid dividends to shareholders, while CBUL.DE's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 5.91% | 5.98% | 6.93% | 5.21% | 0.33% |
XEIN.DE Xtrackers II Eurozone Inflation-Linked Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEIN.DE and CBUL.DE 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, CBUL.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUL.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for XEIN.DE.
XEIN.DE tracks iBoxx Euro Inflation-Linked Index, while CBUL.DE tracks ICE US Treasury Inflation-Linked Bond 0-5 Years Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XEIN.DE and 0.12% for CBUL.DE.
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