0TPE.L vs. ITPA.L
0TPE.L (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and ITPA.L (iShares $ TIPS UCITS ETF GBP (Acc)) are both Inflation-Protected Bonds funds from iShares - 0TPE.L tracks the Bloomberg US Government Inflation-Linked Bond Index while ITPA.L tracks the BBG US Government Inflation-Linked Bond Index (USD). Both are passively managed. Over the past year, 0TPE.L returned 1.50% vs 5.15% for ITPA.L. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
0TPE.L vs. ITPA.L - Performance Comparison
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Different Trading Currencies
0TPE.L is traded in EUR, while ITPA.L is traded in GBP. To make them comparable, the ITPA.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 ITPA.L's 2.98% 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*
- —
ITPA.L
- 1D
- 0.00%
- 1M
- 0.74%
- 6M
- 1.87%
- YTD
- 2.98%
- 1Y
- 5.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
0TPE.L vs. ITPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -0.01% | 4.47% | 0.78% |
ITPA.L iShares $ TIPS UCITS ETF GBP (Acc) | 2.98% | 0.98% | 5.06% |
Correlation
The correlation between 0TPE.L and ITPA.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024 | 0.28 |
The correlation between 0TPE.L and ITPA.L shifts across timeframes, from 0.28 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0TPE.L vs. ITPA.L — Risk / Return Rank
0TPE.L
ITPA.L
0TPE.L vs. ITPA.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 $ TIPS UCITS ETF GBP (Acc) (ITPA.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 | ITPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| 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 | 2.06 | -1.32 |
| Martin ratioReturn relative to average drawdown | 1.62 | 4.93 | -3.31 |
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Drawdowns
0TPE.L vs. ITPA.L - Drawdown Comparison
The maximum 0TPE.L drawdown since its inception was -18.53%, which is greater than ITPA.L's maximum drawdown of -7.40%. Use the drawdown chart below to compare losses from any high point for 0TPE.L and ITPA.L.
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Drawdown Indicators
| 0TPE.L | ITPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -7.40% | -11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -2.49% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | — | — |
Current DrawdownCurrent decline from peak | -10.19% | -0.19% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -1.77% | -5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.04% | -0.11% |
Volatility
0TPE.L vs. ITPA.L - Volatility Comparison
iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.L) and iShares $ TIPS UCITS ETF GBP (Acc) (ITPA.L) have volatilities of 1.19% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0TPE.L | ITPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.23% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 3.58% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 5.24% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 6.57% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 6.57% | +2.22% |
0TPE.L vs. ITPA.L - Expense Ratio Comparison
Both 0TPE.L and ITPA.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
0TPE.L vs. ITPA.L - Dividend Comparison
Neither 0TPE.L nor ITPA.L has paid dividends to shareholders.
Frequently Asked Questions
0TPE.L and ITPA.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
0TPE.L and ITPA.L have the same expense ratio: 0.12% per year.
0TPE.L tracks Bloomberg US Government Inflation-Linked Bond Index, while ITPA.L tracks BBG US Government Inflation-Linked Bond Index (USD).
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