GILE.L vs. ITPG.L
GILE.L (iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)) and ITPG.L (iShares $ TIPS UCITS ETF GBP Hedged (Dist)) are both Inflation-Protected Bonds funds from iShares - GILE.L tracks the Bloomberg Gbl Infl Linked TR Hdg EUR while ITPG.L tracks the BBG US Government Inflation-Linked Bond Index (USD). Both are passively managed. Over the past 5 years, GILE.L returned -3.18%/yr vs 0.05%/yr for ITPG.L. At a 0.42 correlation, their price movements are largely independent. GILE.L charges 0.20%/yr vs 0.12%/yr for ITPG.L.
Performance
GILE.L vs. ITPG.L - Performance Comparison
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Different Trading Currencies
GILE.L is traded in EUR, while ITPG.L is traded in GBP. To make them comparable, the ITPG.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 0.04% return, which is significantly lower than ITPG.L's 3.62% return.
GILE.L
- 1D
- 0.23%
- 1M
- -0.98%
- 6M
- -0.47%
- YTD
- 0.04%
- 1Y
- 1.47%
- 3Y*
- 0.67%
- 5Y*
- -3.18%
- 10Y*
- —
ITPG.L
- 1D
- -0.18%
- 1M
- 1.34%
- 6M
- 2.71%
- YTD
- 3.62%
- 1Y
- 4.63%
- 3Y*
- 3.76%
- 5Y*
- 0.05%
- 10Y*
- —
GILE.L vs. ITPG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 0.04% | 2.27% | -2.07% | 2.05% | -19.26% | 4.81% | 7.52% | 5.71% | -1.03% |
ITPG.L iShares $ TIPS UCITS ETF GBP Hedged (Dist) | 3.62% | 0.66% | 6.81% | 4.75% | -18.21% | 13.08% | 4.07% | 13.69% | -2.16% |
Correlation
The correlation between GILE.L and ITPG.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.42 |
The correlation between GILE.L and ITPG.L shifts across timeframes, from 0.42 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GILE.L vs. ITPG.L — Risk / Return Rank
GILE.L
ITPG.L
GILE.L vs. ITPG.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 Hedged (Dist) (ITPG.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.
| GILE.L | ITPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.78 | -1.17 |
| Martin ratioReturn relative to average drawdown | 1.29 | 4.16 | -2.87 |
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Drawdowns
GILE.L vs. ITPG.L - Drawdown Comparison
The maximum GILE.L drawdown since its inception was -24.74%, which is greater than ITPG.L's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for GILE.L and ITPG.L.
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Drawdown Indicators
| GILE.L | ITPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.74% | -20.87% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -2.59% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -5.76% | -7.68% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.74% | -20.87% | -3.87% |
Current DrawdownCurrent decline from peak | -18.88% | -5.47% | -13.41% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -7.14% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.11% | +0.03% |
Volatility
GILE.L vs. ITPG.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L) is 0.92%, while iShares $ TIPS UCITS ETF GBP Hedged (Dist) (ITPG.L) has a volatility of 1.36%. This indicates that GILE.L experiences smaller price fluctuations and is considered to be less risky than ITPG.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 | ITPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.36% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 3.70% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 5.84% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 8.73% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.21% | 9.36% | -2.15% |
GILE.L vs. ITPG.L - Expense Ratio Comparison
GILE.L has a 0.20% expense ratio, which is higher than ITPG.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. ITPG.L - Dividend Comparison
GILE.L's dividend yield for the trailing twelve months is around 1.25%, less than ITPG.L's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 1.25% | 1.11% | 1.05% | 0.91% | 0.86% | 0.69% | 1.12% | 2.14% | 0.41% |
ITPG.L iShares $ TIPS UCITS ETF GBP Hedged (Dist) | 4.66% | 4.56% | 4.62% | 1.50% | 1.24% | 1.09% | 2.03% | 2.79% | 1.92% |
Frequently Asked Questions
GILE.L and ITPG.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITPG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITPG.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 ITPG.L tracks BBG US Government Inflation-Linked Bond Index (USD). Their fees differ too: 0.20% for GILE.L and 0.12% for ITPG.L.
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