GILG.L vs. INXG.L
GILG.L (iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)) and INXG.L (iShares £ Index-Linked Gilts UCITS ETF) are both exchange-traded funds - GILG.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked TR Hdg GBP, while INXG.L is a Government Bonds fund tracking the Bloomberg UK Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, GILG.L returned -1.48%/yr vs -8.26%/yr for INXG.L. Their correlation of 0.83 suggests significant overlap in exposure. GILG.L charges 0.20%/yr vs 0.10%/yr for INXG.L.
Performance
GILG.L vs. INXG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GILG.L achieves a 1.51% return, which is significantly higher than INXG.L's 0.04% return.
GILG.L
- 1D
- 0.09%
- 1M
- 0.46%
- YTD
- 1.51%
- 6M
- 1.28%
- 1Y
- 4.17%
- 3Y*
- 2.43%
- 5Y*
- -1.48%
- 10Y*
- —
INXG.L
- 1D
- 0.44%
- 1M
- 1.08%
- YTD
- 0.04%
- 6M
- -0.73%
- 1Y
- 3.31%
- 3Y*
- -0.63%
- 5Y*
- -8.26%
- 10Y*
- -1.18%
GILG.L vs. INXG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 1.51% | 4.23% | -0.86% | 3.12% | -18.45% | 5.19% | 2.37% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 0.04% | 1.10% | -8.66% | 0.16% | -34.27% | 4.08% | 4.33% |
Correlation
The correlation between GILG.L and INXG.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.83 |
The correlation between GILG.L and INXG.L shifts across timeframes, from 0.68 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GILG.L vs. INXG.L — Risk / Return Rank
GILG.L
INXG.L
GILG.L vs. INXG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) and iShares £ Index-Linked Gilts UCITS ETF (INXG.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.
| GILG.L | INXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.50 | +1.21 |
| Martin ratioReturn relative to average drawdown | 4.72 | 1.08 | +3.64 |
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
| GILG.L | INXG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.33 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.41 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.71 | +0.58 |
Drawdowns
GILG.L vs. INXG.L - Drawdown Comparison
The maximum GILG.L drawdown since its inception was -24.23%, smaller than the maximum INXG.L drawdown of -99.05%. Use the drawdown chart below to compare losses from any high point for GILG.L and INXG.L.
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Drawdown Indicators
| GILG.L | INXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -99.05% | +74.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -6.62% | +4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -15.04% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.23% | -50.87% | +26.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.87% | — |
Current DrawdownCurrent decline from peak | -13.44% | -98.31% | +84.87% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -97.27% | +84.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 3.06% | -2.18% |
Volatility
GILG.L vs. INXG.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) is 1.48%, while iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a volatility of 3.49%. This indicates that GILG.L experiences smaller price fluctuations and is considered to be less risky than INXG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILG.L | INXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 3.49% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 7.26% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 9.89% | -5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 20.07% | -12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 17.47% | -9.93% |
GILG.L vs. INXG.L - Expense Ratio Comparison
GILG.L has a 0.20% expense ratio, which is higher than INXG.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
GILG.L vs. INXG.L - Dividend Comparison
GILG.L's dividend yield for the trailing twelve months is around 0.98%, less than INXG.L's 7.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 0.98% | 0.96% | 0.87% | 0.79% | 0.72% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 7.56% | 7.23% | 5.77% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% |
Frequently Asked Questions
GILG.L and INXG.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INXG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INXG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for GILG.L.
GILG.L is categorized as Inflation-Protected Bonds, while INXG.L is Government Bonds. GILG.L tracks Bloomberg Gbl Infl Linked TR Hdg GBP, while INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index. Their fees differ too: 0.20% for GILG.L and 0.10% for INXG.L.
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