0TPE.L vs. TP05.L
0TPE.L (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) are both Inflation-Protected Bonds funds from iShares - 0TPE.L tracks the Bloomberg US Government Inflation-Linked Bond Index while TP05.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, 0TPE.L returned -1.56%/yr vs 3.73%/yr for TP05.L. At a correlation of -0.01, they often move in opposite directions. 0TPE.L charges 0.12%/yr vs 0.10%/yr for TP05.L.
Performance
0TPE.L vs. TP05.L - Performance Comparison
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Different Trading Currencies
0TPE.L is traded in EUR, while TP05.L is traded in GBp. To make them comparable, the TP05.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 TP05.L's 4.78% 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*
- —
TP05.L
- 1D
- 0.04%
- 1M
- 1.39%
- 6M
- 3.64%
- YTD
- 4.78%
- 1Y
- 5.36%
- 3Y*
- 4.29%
- 5Y*
- 3.73%
- 10Y*
- —
0TPE.L vs. TP05.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -0.01% | 4.47% | 0.00% | 1.38% | -13.90% | 4.61% | 8.93% | 6.01% | -2.26% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 4.78% | -6.37% | 10.82% | 0.75% | 3.16% | 13.70% | -4.14% | 8.11% | 5.21% |
Correlation
The correlation between 0TPE.L and TP05.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | -0.01 |
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Return for Risk
0TPE.L vs. TP05.L — Risk / Return Rank
0TPE.L
TP05.L
0TPE.L vs. TP05.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 USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.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 | TP05.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.44 | -0.70 |
| Martin ratioReturn relative to average drawdown | 1.62 | 3.98 | -2.37 |
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Drawdowns
0TPE.L vs. TP05.L - Drawdown Comparison
The maximum 0TPE.L drawdown since its inception was -18.53%, smaller than the maximum TP05.L drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for 0TPE.L and TP05.L.
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Drawdown Indicators
| 0TPE.L | TP05.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -33.87% | +15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -3.71% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -10.16% | +5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -12.48% | -6.05% |
Current DrawdownCurrent decline from peak | -10.19% | -6.41% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -18.61% | +11.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.34% | -0.41% |
Volatility
0TPE.L vs. TP05.L - Volatility Comparison
iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.L) has a higher volatility of 1.19% compared to iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) at 1.11%. This indicates that 0TPE.L's price experiences larger fluctuations and is considered to be riskier than TP05.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 | TP05.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.11% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 5.39% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 6.89% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 8.09% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 10.99% | -2.20% |
0TPE.L vs. TP05.L - Expense Ratio Comparison
0TPE.L has a 0.12% expense ratio, which is higher than TP05.L's 0.10% expense ratio. However, 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. TP05.L - Dividend Comparison
0TPE.L has not paid dividends to shareholders, while TP05.L's dividend yield for the trailing twelve months is around 5.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 5.90% | 6.05% | 6.10% | 5.27% | 0.34% | 0.36% | 3.26% | 3.36% |
Frequently Asked Questions
0TPE.L and TP05.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TP05.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TP05.L is cheaper with a 0.10% expense ratio, compared with 0.12% for 0TPE.L.
0TPE.L tracks Bloomberg US Government Inflation-Linked Bond Index, while TP05.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.12% for 0TPE.L and 0.10% for TP05.L.
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