XTIP.DE vs. IS3M.DE
XTIP.DE (Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - XTIP.DE is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 3 years, XTIP.DE returned 1.04%/yr vs 3.34%/yr for IS3M.DE. At a 0.03 correlation, their price movements are largely independent. XTIP.DE charges 0.07%/yr vs 0.09%/yr for IS3M.DE.
Performance
XTIP.DE vs. IS3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XTIP.DE achieves a 2.69% return, which is significantly higher than IS3M.DE's 0.92% return.
XTIP.DE
- 1D
- -0.02%
- 1M
- 0.81%
- YTD
- 2.69%
- 6M
- 1.65%
- 1Y
- 2.81%
- 3Y*
- 1.04%
- 5Y*
- —
- 10Y*
- —
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.34%
- YTD
- 0.92%
- 6M
- 1.01%
- 1Y
- 2.26%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
XTIP.DE vs. IS3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTIP.DE Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C | 2.69% | -5.01% | 7.81% | 0.02% | -6.46% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | 0.48% |
Correlation
The correlation between XTIP.DE and IS3M.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.03 |
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Return for Risk
XTIP.DE vs. IS3M.DE — Risk / Return Rank
XTIP.DE
IS3M.DE
XTIP.DE vs. IS3M.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 € Ultrashort Bond UCITS ETF (IS3M.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.
| XTIP.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.64 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 7.59 | -6.85 |
| Martin ratioReturn relative to average drawdown | 1.83 | 49.96 | -48.13 |
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
| XTIP.DE | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 2.95 | -2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.86 | -0.92 |
Drawdowns
XTIP.DE vs. IS3M.DE - Drawdown Comparison
The maximum XTIP.DE drawdown since its inception was -10.79%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for XTIP.DE and IS3M.DE.
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Drawdown Indicators
| XTIP.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -3.80% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -0.30% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -10.79% | -0.47% | -10.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -5.92% | -0.01% | -5.91% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -0.29% | -5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 0.05% | +1.49% |
Volatility
XTIP.DE vs. IS3M.DE - Volatility Comparison
Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C (XTIP.DE) has a higher volatility of 1.05% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that XTIP.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.29% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 0.59% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 0.76% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 0.76% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 1.11% | +6.49% |
XTIP.DE vs. IS3M.DE - Expense Ratio Comparison
XTIP.DE has a 0.07% expense ratio, which is lower than IS3M.DE's 0.09% 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. IS3M.DE - Dividend Comparison
XTIP.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
XTIP.DE Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C | 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
XTIP.DE and IS3M.DE have a correlation of -0.06, 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 0.09% for IS3M.DE.
XTIP.DE is categorized as Inflation-Protected Bonds, while IS3M.DE is Ultrashort Bond. XTIP.DE tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.07% for XTIP.DE and 0.09% for IS3M.DE.
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