GILE.L vs. TP05.L
GILE.L (iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)) and TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) are both Inflation-Protected Bonds funds from iShares - GILE.L tracks the Bloomberg Gbl Infl Linked TR Hdg EUR while TP05.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 0.08%/yr for TP05.L. At a 0.07 correlation, their price movements are largely independent. GILE.L charges 0.20%/yr vs 0.10%/yr for TP05.L.
Performance
GILE.L vs. TP05.L - Performance Comparison
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Different Trading Currencies
GILE.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, GILE.L achieves a 0.77% return, which is significantly higher than TP05.L's 0.51% 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*
- —
TP05.L
- 1D
- -0.14%
- 1M
- -1.86%
- YTD
- 0.51%
- 6M
- -0.26%
- 1Y
- -2.87%
- 3Y*
- -4.08%
- 5Y*
- 0.08%
- 10Y*
- —
GILE.L vs. TP05.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 5.80% | -2.82% | 1.14% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 0.51% | -11.71% | 4.37% | -4.22% | 2.81% | 13.27% | -6.99% | 4.67% | 1.99% | -2.31% |
Correlation
The correlation between GILE.L and TP05.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | 0.07 |
The correlation between GILE.L and TP05.L shifts across timeframes, from -0.18 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GILE.L vs. TP05.L — Risk / Return Rank
GILE.L
TP05.L
GILE.L vs. TP05.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 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.
| GILE.L | TP05.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.94 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.44 | +1.32 |
| Martin ratioReturn relative to average drawdown | 2.17 | -0.93 | +3.10 |
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 | TP05.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | -0.38 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.01 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | -0.07 | +0.02 |
Drawdowns
GILE.L vs. TP05.L - Drawdown Comparison
The maximum GILE.L drawdown since its inception was -24.70%, which is greater than TP05.L's maximum drawdown of -21.50%. Use the drawdown chart below to compare losses from any high point for GILE.L and TP05.L.
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Drawdown Indicators
| GILE.L | TP05.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -21.50% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -6.57% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -15.64% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -21.50% | -3.20% |
Current DrawdownCurrent decline from peak | -18.40% | -19.73% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -7.76% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 3.10% | -2.09% |
Volatility
GILE.L vs. TP05.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 USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) has a volatility of 2.82%. This indicates that GILE.L experiences smaller price fluctuations and is considered to be less risky 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
| GILE.L | TP05.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.82% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 4.95% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 7.53% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 8.51% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 8.36% | -1.21% |
GILE.L vs. TP05.L - Expense Ratio Comparison
GILE.L has a 0.20% 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
GILE.L vs. TP05.L - Dividend Comparison
GILE.L's dividend yield for the trailing twelve months is around 1.14%, more than TP05.L's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 0.06% | 0.06% | 0.07% | 0.05% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.01% |
Frequently Asked Questions
GILE.L and TP05.L have a correlation of -0.18, 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 0.20% for GILE.L.
GILE.L tracks Bloomberg Gbl Infl Linked TR Hdg EUR, while TP05.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.20% for GILE.L and 0.10% for TP05.L.
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