GILG.L vs. XG7U.L
GILG.L (iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)) and XG7U.L (Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged) are both Inflation-Protected Bonds funds - GILG.L tracks the Bloomberg Gbl Infl Linked TR Hdg GBP while XG7U.L tracks the Bloomberg Gbl Infl Linked TR Hdg USD. Both are passively managed. Over the past 5 years, GILG.L returned -1.48%/yr vs 0.29%/yr for XG7U.L. A 0.50 correlation means they provide meaningful diversification when combined. GILG.L charges 0.20%/yr vs 0.25%/yr for XG7U.L.
Performance
GILG.L vs. XG7U.L - Performance Comparison
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Different Trading Currencies
GILG.L is traded in GBP, while XG7U.L is traded in USD. To make them comparable, the XG7U.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 lower than XG7U.L's 1.94% 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*
- —
XG7U.L
- 1D
- -0.02%
- 1M
- 1.10%
- YTD
- 1.94%
- 6M
- 0.75%
- 1Y
- 5.31%
- 3Y*
- 0.32%
- 5Y*
- 0.29%
- 10Y*
- 2.85%
GILG.L vs. XG7U.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% |
XG7U.L Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged | 1.94% | -2.79% | 1.29% | -1.07% | -7.22% | 6.31% | -1.57% |
Correlation
The correlation between GILG.L and XG7U.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.50 |
Over the past year, the correlation between GILG.L and XG7U.L has dropped to 0.18 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
GILG.L vs. XG7U.L — Risk / Return Rank
GILG.L
XG7U.L
GILG.L vs. XG7U.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 Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged (XG7U.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 | XG7U.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.89 | +0.82 |
| Martin ratioReturn relative to average drawdown | 4.72 | 2.23 | +2.49 |
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 | XG7U.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.72 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.03 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.28 | -0.41 |
Drawdowns
GILG.L vs. XG7U.L - Drawdown Comparison
The maximum GILG.L drawdown since its inception was -24.23%, which is greater than XG7U.L's maximum drawdown of -17.03%. Use the drawdown chart below to compare losses from any high point for GILG.L and XG7U.L.
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Drawdown Indicators
| GILG.L | XG7U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -17.03% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -5.94% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -9.63% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.23% | -17.03% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.03% | — |
Current DrawdownCurrent decline from peak | -13.44% | -11.62% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -8.00% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.38% | -1.50% |
Volatility
GILG.L vs. XG7U.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) is 1.48%, while Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged (XG7U.L) has a volatility of 1.83%. This indicates that GILG.L experiences smaller price fluctuations and is considered to be less risky than XG7U.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 | XG7U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.83% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 5.47% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 7.39% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 10.30% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 11.33% | -3.79% |
GILG.L vs. XG7U.L - Expense Ratio Comparison
GILG.L has a 0.20% expense ratio, which is lower than XG7U.L's 0.25% expense ratio. Despite the difference, 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. XG7U.L - Dividend Comparison
GILG.L's dividend yield for the trailing twelve months is around 0.98%, while XG7U.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
XG7U.L Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GILG.L and XG7U.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, GILG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILG.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XG7U.L.
GILG.L tracks Bloomberg Gbl Infl Linked TR Hdg GBP, while XG7U.L tracks Bloomberg Gbl Infl Linked TR Hdg USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for GILG.L and 0.25% for XG7U.L.
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