GILG.L vs. UBTL.L
GILG.L (iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)) and UBTL.L (UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis) are both Inflation-Protected Bonds funds - GILG.L tracks the Bloomberg Gbl Infl Linked TR Hdg GBP while UBTL.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, GILG.L returned -1.48%/yr vs -4.40%/yr for UBTL.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
GILG.L vs. UBTL.L - Performance Comparison
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Different Trading Currencies
GILG.L is traded in GBP, while UBTL.L is traded in GBp. To make them comparable, the UBTL.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 1.51% return, which is significantly higher than UBTL.L's -0.05% 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*
- —
UBTL.L
- 1D
- 0.19%
- 1M
- 1.78%
- YTD
- -0.05%
- 6M
- -1.17%
- 1Y
- 5.11%
- 3Y*
- -3.66%
- 5Y*
- -4.40%
- 10Y*
- —
GILG.L vs. UBTL.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% |
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis | -0.05% | -2.86% | -3.20% | -5.34% | -24.00% | 9.31% | -0.92% |
Correlation
The correlation between GILG.L and UBTL.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.62 |
The correlation between GILG.L and UBTL.L shifts across timeframes, from 0.42 (1 year) to 0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GILG.L vs. UBTL.L — Risk / Return Rank
GILG.L
UBTL.L
GILG.L vs. UBTL.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 UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.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 | UBTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.10 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.64 | +1.06 |
| Martin ratioReturn relative to average drawdown | 4.72 | 1.25 | +3.47 |
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 | UBTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.54 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.29 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.01 | -0.11 |
Drawdowns
GILG.L vs. UBTL.L - Drawdown Comparison
The maximum GILG.L drawdown since its inception was -24.23%, smaller than the maximum UBTL.L drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for GILG.L and UBTL.L.
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Drawdown Indicators
| GILG.L | UBTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -38.66% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -7.89% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -16.30% | +10.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.23% | -38.66% | +14.43% |
Current DrawdownCurrent decline from peak | -13.44% | -34.41% | +20.97% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -16.79% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 4.09% | -3.21% |
Volatility
GILG.L vs. UBTL.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) is 1.48%, while UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L) has a volatility of 2.36%. This indicates that GILG.L experiences smaller price fluctuations and is considered to be less risky than UBTL.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 | UBTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.36% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 6.17% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 9.40% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 15.23% | -7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 15.34% | -7.80% |
GILG.L vs. UBTL.L - Expense Ratio Comparison
Both GILG.L and UBTL.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GILG.L vs. UBTL.L - Dividend Comparison
GILG.L's dividend yield for the trailing twelve months is around 0.98%, less than UBTL.L's 6.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis | 6.15% | 5.34% | 5.57% | 6.49% | 8.27% | 2.56% | 0.73% | 2.60% | 2.29% | 1.99% |
Frequently Asked Questions
GILG.L and UBTL.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GILG.L and UBTL.L have the same expense ratio: 0.20% per year.
GILG.L tracks Bloomberg Gbl Infl Linked TR Hdg GBP, while UBTL.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and UBS.
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