0TPE.L vs. GILG.L
0TPE.L (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and GILG.L (iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)) are both Inflation-Protected Bonds funds from iShares - 0TPE.L tracks the Bloomberg US Government Inflation-Linked Bond Index while GILG.L tracks the Bloomberg Gbl Infl Linked TR Hdg GBP. Both are passively managed. Over the past 5 years, 0TPE.L returned -1.56%/yr vs -1.58%/yr for GILG.L. At a 0.26 correlation, their price movements are largely independent. 0TPE.L charges 0.12%/yr vs 0.20%/yr for GILG.L.
Performance
0TPE.L vs. GILG.L - Performance Comparison
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Different Trading Currencies
0TPE.L is traded in EUR, while GILG.L is traded in GBP. To make them comparable, the GILG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0TPE.L achieves a -0.01% return, which is significantly lower than GILG.L's 4.04% return.
0TPE.L
- 1D
- -0.01%
- 1M
- -0.75%
- 6M
- -0.38%
- YTD
- -0.01%
- 1Y
- 1.50%
- 3Y*
- 1.66%
- 5Y*
- -1.56%
- 10Y*
- —
GILG.L
- 1D
- 0.89%
- 1M
- 1.50%
- 6M
- 2.36%
- YTD
- 4.04%
- 1Y
- 6.03%
- 3Y*
- 2.93%
- 5Y*
- -1.58%
- 10Y*
- —
0TPE.L vs. GILG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -0.01% | 4.47% | 0.00% | 1.38% | -13.90% | 4.61% | 1.44% |
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 4.04% | -1.06% | 4.22% | 5.45% | -22.60% | 12.19% | 2.32% |
Correlation
The correlation between 0TPE.L and GILG.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2020 | 0.26 |
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Return for Risk
0TPE.L vs. GILG.L — Risk / Return Rank
0TPE.L
GILG.L
0TPE.L vs. GILG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.L) and iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L). 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.
| 0TPE.L | GILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.44 | -1.70 |
| Martin ratioReturn relative to average drawdown | 1.62 | 6.03 | -4.41 |
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Drawdowns
0TPE.L vs. GILG.L - Drawdown Comparison
The maximum 0TPE.L drawdown since its inception was -18.53%, smaller than the maximum GILG.L drawdown of -29.07%. Use the drawdown chart below to compare losses from any high point for 0TPE.L and GILG.L.
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Drawdown Indicators
| 0TPE.L | GILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -29.07% | +10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -2.46% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -7.97% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -29.07% | +10.54% |
Current DrawdownCurrent decline from peak | -10.19% | -14.45% | +4.26% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -14.42% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.00% | -0.07% |
Volatility
0TPE.L vs. GILG.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.L) is 1.19%, while iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) has a volatility of 1.49%. This indicates that 0TPE.L experiences smaller price fluctuations and is considered to be less risky than GILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0TPE.L | GILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.49% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 4.19% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 6.26% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 10.03% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 9.73% | -0.94% |
0TPE.L vs. GILG.L - Expense Ratio Comparison
0TPE.L has a 0.12% expense ratio, which is lower than GILG.L'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
0TPE.L vs. GILG.L - Dividend Comparison
0TPE.L has not paid dividends to shareholders, while GILG.L's dividend yield for the trailing twelve months is around 1.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 1.13% | 1.12% | 1.02% | 0.91% | 0.85% | 0.59% |
Frequently Asked Questions
0TPE.L and GILG.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0TPE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0TPE.L is cheaper with a 0.12% expense ratio, compared with 0.20% for GILG.L.
0TPE.L tracks Bloomberg US Government Inflation-Linked Bond Index, while GILG.L tracks Bloomberg Gbl Infl Linked TR Hdg GBP. Their fees differ too: 0.12% for 0TPE.L and 0.20% for GILG.L.
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