GILE.L vs. ITPA.L
GILE.L (iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)) and ITPA.L (iShares $ TIPS UCITS ETF GBP (Acc)) are both Inflation-Protected Bonds funds from iShares - GILE.L tracks the Bloomberg Gbl Infl Linked TR Hdg EUR while ITPA.L tracks the BBG US Government Inflation-Linked Bond Index (USD). Both are passively managed. Over the past year, GILE.L returned 2.19% vs 1.92% for ITPA.L. A 0.53 correlation means they provide meaningful diversification when combined. GILE.L charges 0.20%/yr vs 0.12%/yr for ITPA.L.
Performance
GILE.L vs. ITPA.L - Performance Comparison
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Different Trading Currencies
GILE.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, GILE.L achieves a 0.77% return, which is significantly lower than ITPA.L's 2.16% return.
GILE.L
- 1D
- 0.02%
- 1M
- 0.15%
- YTD
- 0.77%
- 6M
- 0.42%
- 1Y
- 2.19%
- 3Y*
- 0.90%
- 5Y*
- -2.68%
- 10Y*
- —
ITPA.L
- 1D
- -0.14%
- 1M
- -0.22%
- YTD
- 2.16%
- 6M
- 2.15%
- 1Y
- 1.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GILE.L vs. ITPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 0.77% | 2.28% | -1.01% |
ITPA.L iShares $ TIPS UCITS ETF GBP (Acc) | 2.16% | 0.98% | 5.06% |
Correlation
The correlation between GILE.L and ITPA.L is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.53 |
The correlation between GILE.L and ITPA.L has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
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Return for Risk
GILE.L vs. ITPA.L — Risk / Return Rank
GILE.L
ITPA.L
GILE.L vs. ITPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.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.
| GILE.L | ITPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.77 | +0.12 |
| Martin ratioReturn relative to average drawdown | 2.17 | 1.63 | +0.54 |
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
| GILE.L | ITPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.36 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.56 | -0.61 |
Drawdowns
GILE.L vs. ITPA.L - Drawdown Comparison
The maximum GILE.L drawdown since its inception was -24.70%, 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 GILE.L and ITPA.L.
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Drawdown Indicators
| GILE.L | ITPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -7.40% | -17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.49% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | — | — |
Current DrawdownCurrent decline from peak | -18.40% | -0.46% | -17.94% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -1.85% | -8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.13% | -0.12% |
Volatility
GILE.L vs. ITPA.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L) is 1.43%, while iShares $ TIPS UCITS ETF GBP (Acc) (ITPA.L) has a volatility of 1.67%. This indicates that GILE.L experiences smaller price fluctuations and is considered to be less risky than ITPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILE.L | ITPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.67% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 3.63% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 5.37% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 6.68% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 6.68% | +0.47% |
GILE.L vs. ITPA.L - Expense Ratio Comparison
GILE.L has a 0.20% expense ratio, which is higher than ITPA.L's 0.12% 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
GILE.L vs. ITPA.L - Dividend Comparison
GILE.L's dividend yield for the trailing twelve months is around 1.14%, while ITPA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 1.14% | 1.11% | 1.05% | 0.91% | 0.86% | 0.69% | 1.12% | 2.13% | 0.41% |
ITPA.L iShares $ TIPS UCITS ETF GBP (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GILE.L and ITPA.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITPA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITPA.L is cheaper with a 0.12% expense ratio, compared with 0.20% for GILE.L.
GILE.L tracks Bloomberg Gbl Infl Linked TR Hdg EUR, while ITPA.L tracks BBG US Government Inflation-Linked Bond Index (USD). Their fees differ too: 0.20% for GILE.L and 0.12% for ITPA.L.
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