XTIP.DE vs. IBC5.DE
XTIP.DE (Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C) and IBC5.DE (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) are both Inflation-Protected Bonds funds - XTIP.DE tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while IBC5.DE tracks the Bloomberg US Government Inflation-Linked Bond Index (EUR Hedged). Both are passively managed. Over the past 3 years, XTIP.DE returned 2.89%/yr vs 1.66%/yr for IBC5.DE. At a 0.34 correlation, their price movements are largely independent. XTIP.DE charges 0.07%/yr vs 0.12%/yr for IBC5.DE.
Performance
XTIP.DE vs. IBC5.DE - Performance Comparison
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Returns By Period
XTIP.DE
- 1D
- 0.00%
- 1M
- 0.61%
- 6M
- 1.82%
- YTD
- 3.50%
- 1Y
- 4.28%
- 3Y*
- 2.89%
- 5Y*
- —
- 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*
- —
XTIP.DE vs. IBC5.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% |
IBC5.DE iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -0.00% | 4.47% | 0.00% | 1.38% | 0.99% |
Correlation
The correlation between XTIP.DE and IBC5.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.34 |
The correlation between XTIP.DE and IBC5.DE shifts across timeframes, from 0.16 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XTIP.DE vs. IBC5.DE — Risk / Return Rank
XTIP.DE
IBC5.DE
XTIP.DE vs. IBC5.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 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.
| XTIP.DE | IBC5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.05 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.51 | +0.62 |
| Martin ratioReturn relative to average drawdown | 2.89 | 1.10 | +1.80 |
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Drawdowns
XTIP.DE vs. IBC5.DE - Drawdown Comparison
The maximum XTIP.DE drawdown since its inception was -10.79%, smaller than the maximum IBC5.DE drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for XTIP.DE and IBC5.DE.
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Drawdown Indicators
| XTIP.DE | IBC5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -18.53% | +7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -2.19% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -10.79% | -5.06% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.53% | — |
Current DrawdownCurrent decline from peak | -5.18% | -10.18% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -7.05% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.03% | +0.46% |
Volatility
XTIP.DE vs. IBC5.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 UCITS ETF EUR Hedged (Acc) (IBC5.DE) at 0.96%. This indicates that XTIP.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
| XTIP.DE | IBC5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.96% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 3.07% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.84% | 4.20% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 6.25% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 6.30% | +1.23% |
XTIP.DE vs. IBC5.DE - Expense Ratio Comparison
XTIP.DE has a 0.07% 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
XTIP.DE vs. IBC5.DE - Dividend Comparison
Neither XTIP.DE nor IBC5.DE has paid dividends to shareholders.
Frequently Asked Questions
XTIP.DE and IBC5.DE have a correlation of 0.16, 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 IBC5.DE.
XTIP.DE tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IBC5.DE tracks Bloomberg US Government Inflation-Linked Bond 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 IBC5.DE.
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