0TPE.L vs. UBTS.L
0TPE.L (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) and UBTS.L (UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis) are both Inflation-Protected Bonds funds - 0TPE.L tracks the Bloomberg US Government Inflation-Linked Bond Index while UBTS.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 2.69%/yr for UBTS.L. At a 0.08 correlation, their price movements are largely independent. 0TPE.L charges 0.12%/yr vs 0.15%/yr for UBTS.L.
Performance
0TPE.L vs. UBTS.L - Performance Comparison
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Different Trading Currencies
0TPE.L is traded in EUR, while UBTS.L is traded in GBp. To make them comparable, the UBTS.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 UBTS.L's 4.11% 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*
- —
UBTS.L
- 1D
- -0.13%
- 1M
- 1.37%
- 6M
- 2.91%
- YTD
- 4.11%
- 1Y
- 5.27%
- 3Y*
- 4.06%
- 5Y*
- 2.69%
- 10Y*
- —
0TPE.L vs. UBTS.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% |
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 4.11% | -5.32% | 10.01% | 0.49% | -1.93% | 13.93% | -1.06% | 10.11% | 8.27% |
Correlation
The correlation between 0TPE.L and UBTS.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | 0.08 |
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Return for Risk
0TPE.L vs. UBTS.L — Risk / Return Rank
0TPE.L
UBTS.L
0TPE.L vs. UBTS.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 UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.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 | UBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.54 | -0.80 |
| Martin ratioReturn relative to average drawdown | 1.62 | 4.26 | -2.65 |
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Drawdowns
0TPE.L vs. UBTS.L - Drawdown Comparison
The maximum 0TPE.L drawdown since its inception was -18.53%, smaller than the maximum UBTS.L drawdown of -31.67%. Use the drawdown chart below to compare losses from any high point for 0TPE.L and UBTS.L.
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Drawdown Indicators
| 0TPE.L | UBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -31.67% | +13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -3.78% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -10.15% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -14.22% | -4.31% |
Current DrawdownCurrent decline from peak | -10.19% | -3.98% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -13.88% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.37% | -0.44% |
Volatility
0TPE.L vs. UBTS.L - Volatility Comparison
iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.L) has a higher volatility of 1.19% compared to UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) at 1.01%. This indicates that 0TPE.L's price experiences larger fluctuations and is considered to be riskier than UBTS.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 | UBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.01% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 4.22% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 5.92% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 7.98% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 10.23% | -1.44% |
0TPE.L vs. UBTS.L - Expense Ratio Comparison
0TPE.L has a 0.12% expense ratio, which is lower than UBTS.L's 0.15% 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. UBTS.L - Dividend Comparison
0TPE.L has not paid dividends to shareholders, while UBTS.L's dividend yield for the trailing twelve months is around 4.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 4.01% | 3.26% | 4.41% | 4.56% | 6.66% | 2.83% | 0.84% | 2.30% | 2.38% | 1.27% |
Frequently Asked Questions
0TPE.L and UBTS.L have a correlation of 0.08, 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 0.15% for UBTS.L.
0TPE.L tracks Bloomberg US Government Inflation-Linked Bond Index, while UBTS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.12% for 0TPE.L and 0.15% for UBTS.L.
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