GILI.L vs. ITPS.L
GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) and ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) are both Inflation-Protected Bonds funds - GILI.L tracks the FTSE Actuaries UK Index-Linked Gilts All Stocks while ITPS.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, GILI.L returned -1.42%/yr vs 3.38%/yr for ITPS.L. At a 0.30 correlation, their price movements are largely independent. GILI.L charges 0.07%/yr vs 0.12%/yr for ITPS.L.
Performance
GILI.L vs. ITPS.L - Performance Comparison
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Different Trading Currencies
GILI.L is traded in GBp, while ITPS.L is traded in GBP. To make them comparable, the ITPS.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 -0.12% return, which is significantly lower than ITPS.L's 1.40% return. Over the past 10 years, GILI.L has underperformed ITPS.L with an annualized return of -1.42%, while ITPS.L has yielded a comparatively higher 3.38% annualized return.
GILI.L
- 1D
- 0.01%
- 1M
- 0.91%
- YTD
- -0.12%
- 6M
- -1.39%
- 1Y
- 2.44%
- 3Y*
- -1.24%
- 5Y*
- -8.32%
- 10Y*
- -1.42%
ITPS.L
- 1D
- 0.07%
- 1M
- 0.85%
- YTD
- 1.40%
- 6M
- 0.52%
- 1Y
- 5.75%
- 3Y*
- 1.16%
- 5Y*
- 2.04%
- 10Y*
- 3.38%
GILI.L vs. ITPS.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 | -0.12% | 1.23% | -9.36% | 0.22% | -33.81% | 3.90% | 10.51% | 6.04% | -0.74% | 1.90% |
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.33% | 4.25% | -6.03% |
Correlation
The correlation between GILI.L and ITPS.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.30 |
Over the past year, the correlation between GILI.L and ITPS.L has dropped to 0.01 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
GILI.L vs. ITPS.L — Risk / Return Rank
GILI.L
ITPS.L
GILI.L vs. ITPS.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 $ TIPS UCITS ETF USD (Acc) (ITPS.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 | ITPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.09 | -0.70 |
| Martin ratioReturn relative to average drawdown | 0.86 | 2.78 | -1.92 |
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
| GILI.L | ITPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.91 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.23 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.33 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.28 | -0.13 |
Drawdowns
GILI.L vs. ITPS.L - Drawdown Comparison
The maximum GILI.L drawdown since its inception was -49.28%, which is greater than ITPS.L's maximum drawdown of -37.27%. Use the drawdown chart below to compare losses from any high point for GILI.L and ITPS.L.
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Drawdown Indicators
| GILI.L | ITPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.28% | -37.27% | -12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -5.26% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -7.85% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -49.28% | -15.72% | -33.56% |
Max Drawdown (10Y)Largest decline over 10 years | -49.28% | -15.72% | -33.56% |
Current DrawdownCurrent decline from peak | -43.05% | -7.94% | -35.11% |
Average DrawdownAverage peak-to-trough decline | -15.42% | -10.69% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.06% | +0.78% |
Volatility
GILI.L vs. ITPS.L - Volatility Comparison
Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) has a higher volatility of 3.56% compared to iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) at 1.70%. This indicates that GILI.L's price experiences larger fluctuations and is considered to be riskier than ITPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILI.L | ITPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 1.70% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 4.63% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.67% | 6.30% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 8.76% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 10.34% | +6.10% |
GILI.L vs. ITPS.L - Expense Ratio Comparison
GILI.L has a 0.07% expense ratio, which is lower than ITPS.L's 0.12% 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
GILI.L vs. ITPS.L - Dividend Comparison
GILI.L's dividend yield for the trailing twelve months is around 0.01%, while ITPS.L has not paid dividends to shareholders.
Frequently Asked Questions
GILI.L and ITPS.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GILI.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILI.L is cheaper with a 0.07% expense ratio, compared with 0.12% for ITPS.L.
GILI.L tracks FTSE Actuaries UK Index-Linked Gilts All Stocks, while ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Lyxor and iShares. Their fees differ too: 0.07% for GILI.L and 0.12% for ITPS.L.
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