GILE.L vs. TIPA.L
GILE.L (iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)) and TIPA.L (Lyxor Core US TIPS (DR) UCITS ETF - Acc) are both Inflation-Protected Bonds funds - GILE.L tracks the Bloomberg Gbl Infl Linked TR Hdg EUR while TIPA.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, GILE.L returned -2.68%/yr vs 1.86%/yr for TIPA.L. At a 0.39 correlation, their price movements are largely independent. GILE.L charges 0.20%/yr vs 0.09%/yr for TIPA.L.
Performance
GILE.L vs. TIPA.L - Performance Comparison
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Different Trading Currencies
GILE.L is traded in EUR, while TIPA.L is traded in USD. To make them comparable, the TIPA.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 TIPA.L's 2.39% 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*
- —
TIPA.L
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 2.39%
- 6M
- 1.57%
- 1Y
- 2.99%
- 3Y*
- 1.04%
- 5Y*
- 1.86%
- 10Y*
- —
GILE.L vs. TIPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 0.77% | 2.28% | -2.12% | 1.92% | -19.12% | 4.65% | 7.55% | -0.17% |
TIPA.L Lyxor Core US TIPS (DR) UCITS ETF - Acc | 2.39% | -5.86% | 8.83% | 0.40% | -7.39% | 14.26% | 1.89% | -1.00% |
Correlation
The correlation between GILE.L and TIPA.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.39 |
The correlation between GILE.L and TIPA.L shifts across timeframes, from 0.22 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GILE.L vs. TIPA.L — Risk / Return Rank
GILE.L
TIPA.L
GILE.L vs. TIPA.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 Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.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 | TIPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.66 | +0.23 |
| Martin ratioReturn relative to average drawdown | 2.17 | 1.75 | +0.41 |
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 | TIPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.47 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.22 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.21 | -0.25 |
Drawdowns
GILE.L vs. TIPA.L - Drawdown Comparison
The maximum GILE.L drawdown since its inception was -24.70%, which is greater than TIPA.L's maximum drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for GILE.L and TIPA.L.
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Drawdown Indicators
| GILE.L | TIPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -15.27% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -4.53% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -11.09% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -15.27% | -9.43% |
Current DrawdownCurrent decline from peak | -18.40% | -8.17% | -10.23% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -7.01% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.70% | -0.69% |
Volatility
GILE.L vs. TIPA.L - Volatility Comparison
iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L) has a higher volatility of 1.43% compared to Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) at 1.14%. This indicates that GILE.L's price experiences larger fluctuations and is considered to be riskier than TIPA.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 | TIPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.14% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 4.43% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 6.27% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 8.66% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 8.77% | -1.62% |
GILE.L vs. TIPA.L - Expense Ratio Comparison
GILE.L has a 0.20% expense ratio, which is higher than TIPA.L's 0.09% 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. TIPA.L - Dividend Comparison
GILE.L's dividend yield for the trailing twelve months is around 1.14%, while TIPA.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% |
TIPA.L Lyxor Core US TIPS (DR) UCITS ETF - 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 TIPA.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIPA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for GILE.L.
GILE.L tracks Bloomberg Gbl Infl Linked TR Hdg EUR, while TIPA.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for GILE.L and 0.09% for TIPA.L.
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