GILI.L vs. INXG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) and iShares £ Index-Linked Gilts UCITS ETF (INXG.L).

GILI.L and INXG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GILI.L is a passively managed fund by Lyxor that tracks the performance of the FTSE Actuaries UK Index-Linked Gilts All Stocks. It was launched on Nov 10, 2010. INXG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg UK Government Inflation-Linked Bond Index. It was launched on Dec 1, 2006. Both GILI.L and INXG.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

GILI.L vs. INXG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) and iShares £ Index-Linked Gilts UCITS ETF (INXG.L). The values are adjusted to include any dividend payments, if applicable.

GILI.L vs. INXG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist	1.38%	1.92%	-8.80%	0.74%	-33.55%	4.18%	10.82%	6.38%	-0.39%	2.29%
INXG.L iShares £ Index-Linked Gilts UCITS ETF	1.52%	1.10%	-8.66%	0.16%	-34.27%	4.08%	11.08%	6.27%	-0.49%	2.21%

Different Trading Currencies

GILI.L is traded in GBp, while INXG.L is traded in GBP. To make them comparable, the INXG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, GILI.L achieves a 1.38% return, which is significantly lower than INXG.L's 1.52% return. Over the past 10 years, GILI.L has outperformed INXG.L with an annualized return of -0.72%, while INXG.L has yielded a comparatively lower -0.92% annualized return.

GILI.L

• 1D: -0.04%
• 1M: -2.73%
• YTD: 1.38%
• 6M: 4.90%
• 1Y: 3.84%
• 3Y*: -3.12%
• 5Y*: -7.12%
• 10Y*: -0.72%

INXG.L

• 1D: 0.21%
• 1M: -2.35%
• YTD: 1.52%
• 6M: 5.22%
• 1Y: 3.80%
• 3Y*: -3.33%
• 5Y*: -7.56%
• 10Y*: -0.92%

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

GILI.L vs. INXG.L - Expense Ratio Comparison

GILI.L has a 0.07% expense ratio, which is lower than INXG.L's 0.10% 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%.

INXG.L

iShares £ Index-Linked Gilts UCITS ETF

GILI.L

Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist

Return for Risk

GILI.L vs. INXG.L — Risk / Return Rank

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

GILI.L

GILI.L Risk / Return Rank: 23
GILI.L Sharpe Ratio Rank: 23
GILI.L Sortino Ratio Rank: 21
GILI.L Omega Ratio Rank: 20
GILI.L Calmar Ratio Rank: 27
GILI.L Martin Ratio Rank: 23

INXG.L

INXG.L Risk / Return Rank: 22
INXG.L Sharpe Ratio Rank: 21
INXG.L Sortino Ratio Rank: 20
INXG.L Omega Ratio Rank: 18
INXG.L Calmar Ratio Rank: 27
INXG.L Martin Ratio Rank: 23

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.

GILI.L vs. INXG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.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.

	GILI.L	INXG.L	Difference
Sharpe ratio Return per unit of total volatility	0.41	0.37	+0.05
Sortino ratio Return per unit of downside risk	0.62	0.57	+0.05
Omega ratio Gain probability vs. loss probability	1.08	1.07	+0.01
Calmar ratio Return relative to maximum drawdown	0.73	0.67	+0.06
Martin ratio Return relative to average drawdown	1.75	1.61	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GILI.L vs. INXG.L - Sharpe Ratio Comparison

The current GILI.L Sharpe Ratio is 0.41, which is comparable to the INXG.L Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of GILI.L and INXG.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

	GILI.L	INXG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	0.37	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	-0.38	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	-0.05	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.20	-0.02

Correlation

The correlation between GILI.L and INXG.L is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GILI.L vs. INXG.L - Dividend Comparison

GILI.L's dividend yield for the trailing twelve months is around 0.67%, less than INXG.L's 7.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist	0.67%	0.68%	0.65%	0.50%	0.46%	0.27%	0.28%	0.33%	0.35%	0.38%	0.79%	0.00%
INXG.L iShares £ Index-Linked Gilts UCITS ETF	7.13%	7.23%	5.77%	0.43%	0.00%	0.00%	0.61%	1.36%	1.95%	1.28%	0.65%	1.94%

Drawdowns

GILI.L vs. INXG.L - Drawdown Comparison

The maximum GILI.L drawdown since its inception was -49.11%, roughly equal to the maximum INXG.L drawdown of -50.87%. Use the drawdown chart below to compare losses from any high point for GILI.L and INXG.L.

Drawdown Indicators

	GILI.L	INXG.L	Difference
Max Drawdown Largest peak-to-trough decline	-49.11%	-50.87%	+1.76%
Max Drawdown (1Y) Largest decline over 1 year	-5.89%	-6.42%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-49.11%	-50.87%	+1.76%
Max Drawdown (10Y) Largest decline over 10 years	-49.11%	-50.87%	+1.76%
Current Drawdown Current decline from peak	-40.84%	-42.22%	+1.38%
Average Drawdown Average peak-to-trough decline	-14.82%	-11.48%	-3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.68%	-0.21%

Volatility

GILI.L vs. INXG.L - Volatility Comparison

The current volatility for Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) is 3.53%, while iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a volatility of 4.08%. This indicates that GILI.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.

Volatility by Period

	GILI.L	INXG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	4.08%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	5.97%	6.72%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	9.26%	10.36%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	20.01%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	17.43%	-1.02%