XTIP.DE vs. CBUL.DE
XTIP.DE (Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C) and CBUL.DE (iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist)) are both Inflation-Protected Bonds funds - XTIP.DE tracks the Bloomberg Gbl Infl Linked US TIPS TR USD 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, XTIP.DE returned 2.89%/yr vs 3.13%/yr for CBUL.DE. At a 0.23 correlation, their price movements are largely independent. XTIP.DE charges 0.07%/yr vs 0.12%/yr for CBUL.DE.
Performance
XTIP.DE vs. CBUL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XTIP.DE achieves a 3.50% return, which is significantly higher than CBUL.DE's 0.78% return.
XTIP.DE
- 1D
- 0.00%
- 1M
- 0.61%
- 6M
- 1.82%
- YTD
- 3.50%
- 1Y
- 4.28%
- 3Y*
- 2.89%
- 5Y*
- —
- 10Y*
- —
CBUL.DE
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- 0.78%
- YTD
- 0.78%
- 1Y
- 1.21%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
XTIP.DE vs. CBUL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTIP.DE Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C | 3.50% | -5.01% | 7.81% | 0.02% | -6.86% |
CBUL.DE iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) | 0.78% | 3.87% | 3.10% | 2.21% | 0.09% |
Correlation
The correlation between XTIP.DE and CBUL.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.23 |
The correlation between XTIP.DE and CBUL.DE shifts across timeframes, from 0.04 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XTIP.DE vs. CBUL.DE — Risk / Return Rank
XTIP.DE
CBUL.DE
XTIP.DE vs. CBUL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C (XTIP.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.
| XTIP.DE | CBUL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.76 | +0.36 |
| Martin ratioReturn relative to average drawdown | 2.89 | 2.07 | +0.83 |
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Drawdowns
XTIP.DE vs. CBUL.DE - Drawdown Comparison
The maximum XTIP.DE drawdown since its inception was -10.79%, 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 XTIP.DE and CBUL.DE.
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Drawdown Indicators
| XTIP.DE | CBUL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -5.07% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -1.58% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -10.79% | -1.58% | -9.21% |
Current DrawdownCurrent decline from peak | -5.18% | -1.02% | -4.16% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -1.80% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.59% | +0.90% |
Volatility
XTIP.DE vs. CBUL.DE - Volatility Comparison
Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C (XTIP.DE) has a higher volatility of 1.24% compared to iShares $ TIPS 0-5 UCITS ETF EUR Hedged (Dist) (CBUL.DE) at 0.71%. This indicates that XTIP.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
| XTIP.DE | CBUL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.71% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 2.93% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.84% | 3.98% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 3.45% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 3.45% | +4.08% |
XTIP.DE vs. CBUL.DE - Expense Ratio Comparison
XTIP.DE has a 0.07% expense ratio, which is lower than CBUL.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
XTIP.DE vs. CBUL.DE - Dividend Comparison
XTIP.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% |
XTIP.DE Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTIP.DE and CBUL.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTIP.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTIP.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for CBUL.DE.
XTIP.DE tracks Bloomberg Gbl Infl Linked US TIPS TR USD, 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: 0.07% for XTIP.DE and 0.12% for CBUL.DE.
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