GILG.L vs. TIP5.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L).

GILG.L and TIP5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GILG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Infl Linked TR Hdg GBP. It was launched on Nov 10, 2020. TIP5.L is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury Inflation Linked Bond Index 0-5. It was launched on Apr 6, 2022. Both GILG.L and TIP5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GILG.L vs. TIP5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L). The values are adjusted to include any dividend payments, if applicable.

GILG.L vs. TIP5.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)	0.80%	4.23%	-0.86%	3.12%	-18.45%	5.19%	2.37%
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist)	2.42%	-1.35%	6.70%	-0.93%	8.82%	6.18%	-2.71%

Different Trading Currencies

GILG.L is traded in GBP, while TIP5.L is traded in USD. To make them comparable, the TIP5.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GILG.L achieves a 0.80% return, which is significantly lower than TIP5.L's 2.42% return.

GILG.L

• 1D: 0.06%
• 1M: -1.11%
• YTD: 0.80%
• 6M: 1.42%
• 1Y: 2.95%
• 3Y*: 1.35%
• 5Y*: -1.21%
• 10Y*: —

TIP5.L

• 1D: -0.39%
• 1M: 1.39%
• YTD: 2.42%
• 6M: 2.97%
• 1Y: 1.21%
• 3Y*: 2.20%
• 5Y*: 4.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GILG.L vs. TIP5.L - Expense Ratio Comparison

GILG.L has a 0.20% expense ratio, which is higher than TIP5.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%.

GILG.L

iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)

TIP5.L

iShares USD TIPS 0-5 UCITS ETF USD (Dist)

Return for Risk

GILG.L vs. TIP5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GILG.L

GILG.L Risk / Return Rank: 29
GILG.L Sharpe Ratio Rank: 27
GILG.L Sortino Ratio Rank: 25
GILG.L Omega Ratio Rank: 23
GILG.L Calmar Ratio Rank: 36
GILG.L Martin Ratio Rank: 35

TIP5.L

TIP5.L Risk / Return Rank: 72
TIP5.L Sharpe Ratio Rank: 68
TIP5.L Sortino Ratio Rank: 70
TIP5.L Omega Ratio Rank: 66
TIP5.L Calmar Ratio Rank: 82
TIP5.L Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GILG.L vs. TIP5.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 USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.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	TIP5.L	Difference
Sharpe ratio Return per unit of total volatility	0.53	0.16	+0.37
Sortino ratio Return per unit of downside risk	0.77	0.27	+0.50
Omega ratio Gain probability vs. loss probability	1.10	1.03	+0.06
Calmar ratio Return relative to maximum drawdown	1.03	0.30	+0.73
Martin ratio Return relative to average drawdown	3.41	0.56	+2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GILG.L vs. TIP5.L - Sharpe Ratio Comparison

The current GILG.L Sharpe Ratio is 0.53, which is higher than the TIP5.L Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of GILG.L and TIP5.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GILG.L	TIP5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.16	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.52	-0.68
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.33	-0.47

Correlation

The correlation between GILG.L and TIP5.L is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GILG.L vs. TIP5.L - Dividend Comparison

GILG.L's dividend yield for the trailing twelve months is around 0.92%, less than TIP5.L's 5.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)	0.92%	0.96%	0.87%	0.79%	0.72%	0.50%	0.00%	0.00%	0.00%	0.00%
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist)	5.89%	5.93%	6.97%	5.15%	0.34%	0.37%	3.01%	3.27%	2.99%	1.03%

Drawdowns

GILG.L vs. TIP5.L - Drawdown Comparison

The maximum GILG.L drawdown since its inception was -24.23%, which is greater than TIP5.L's maximum drawdown of -16.56%. Use the drawdown chart below to compare losses from any high point for GILG.L and TIP5.L.

Drawdown Indicators

	GILG.L	TIP5.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.23%	-5.55%	-18.68%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-1.51%	-1.73%
Max Drawdown (5Y) Largest decline over 5 years	-24.23%	-5.21%	-19.02%
Current Drawdown Current decline from peak	-14.05%	-0.35%	-13.70%
Average Drawdown Average peak-to-trough decline	-13.10%	-0.75%	-12.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.45%	+0.53%

Volatility

GILG.L vs. TIP5.L - Volatility Comparison

The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) is 1.83%, while iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L) has a volatility of 2.69%. This indicates that GILG.L experiences smaller price fluctuations and is considered to be less risky than TIP5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GILG.L	TIP5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	2.69%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	3.13%	4.96%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	5.50%	7.48%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.75%	8.36%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.60%	8.81%	-1.21%