GILI.L vs. UTIP.L
GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) and UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) are both Inflation-Protected Bonds funds - GILI.L tracks the FTSE Actuaries UK Index-Linked Gilts All Stocks while UTIP.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, GILI.L returned -1.06%/yr vs 3.36%/yr for UTIP.L. At a 0.32 correlation, their price movements are largely independent. GILI.L charges 0.07%/yr vs 0.17%/yr for UTIP.L.
Performance
GILI.L vs. UTIP.L - Performance Comparison
Loading charts...
Different Trading Currencies
GILI.L is traded in GBp, while UTIP.L is traded in GBP. To make them comparable, the UTIP.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 0.38% return, which is significantly lower than UTIP.L's 1.72% return. Over the past 10 years, GILI.L has underperformed UTIP.L with an annualized return of -1.06%, while UTIP.L has yielded a comparatively higher 3.36% annualized return.
GILI.L
- 1D
- 0.31%
- 1M
- 1.14%
- YTD
- 0.38%
- 6M
- 0.65%
- 1Y
- 1.83%
- 3Y*
- -0.24%
- 5Y*
- -8.03%
- 10Y*
- -1.06%
UTIP.L
- 1D
- 0.32%
- 1M
- 0.98%
- YTD
- 1.72%
- 6M
- 1.39%
- 1Y
- 6.34%
- 3Y*
- 1.58%
- 5Y*
- 1.86%
- 10Y*
- 3.36%
GILI.L vs. UTIP.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 | 0.38% | 1.92% | -8.80% | 0.74% | -33.55% | 4.19% | 10.82% | 6.38% | -0.39% | 2.29% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 1.72% | -0.43% | 3.62% | -2.21% | -2.41% | 7.59% | 7.22% | 5.24% | 5.31% | -5.38% |
Correlation
The correlation between GILI.L and UTIP.L is 0.00, 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 | 0.00 |
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 Dec 4, 2015 | 0.32 |
Over the past year, the correlation between GILI.L and UTIP.L has dropped to 0.00 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GILI.L vs. UTIP.L — Risk / Return Rank
GILI.L
UTIP.L
GILI.L vs. UTIP.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 SPDR Bloomberg US TIPS UCITS ETF (UTIP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GILI.L | UTIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.21 | -0.92 |
| Martin ratioReturn relative to average drawdown | 0.63 | 3.04 | -2.40 |
Loading charts...
Drawdowns
GILI.L vs. UTIP.L - Drawdown Comparison
The maximum GILI.L drawdown since its inception was -49.11%, which is greater than UTIP.L's maximum drawdown of -15.81%. Use the drawdown chart below to compare losses from any high point for GILI.L and UTIP.L.
Loading charts...
Drawdown Indicators
| GILI.L | UTIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.11% | -15.81% | -33.30% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -5.38% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -14.26% | -8.30% | -5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -49.11% | -15.81% | -33.30% |
Max Drawdown (10Y)Largest decline over 10 years | -49.11% | -15.81% | -33.30% |
Current DrawdownCurrent decline from peak | -41.41% | -7.86% | -33.55% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -6.82% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.15% | +0.75% |
Volatility
GILI.L vs. UTIP.L - Volatility Comparison
Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) has a higher volatility of 3.25% compared to SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) at 1.57%. This indicates that GILI.L's price experiences larger fluctuations and is considered to be riskier than UTIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GILI.L | UTIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 1.57% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 4.48% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.71% | 6.53% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 8.79% | +9.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 10.05% | +6.40% |
GILI.L vs. UTIP.L - Expense Ratio Comparison
GILI.L has a 0.07% expense ratio, which is lower than UTIP.L's 0.17% 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. UTIP.L - Dividend Comparison
GILI.L's dividend yield for the trailing twelve months is around 0.68%, less than UTIP.L's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | 0.68% | 0.68% | 0.65% | 0.50% | 0.46% | 0.29% | 0.28% | 0.33% | 0.35% | 0.38% | 0.79% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 4.41% | 3.57% | 4.00% | 4.37% | 7.34% | 3.24% | 0.69% | 1.75% | 3.69% | 2.50% | 1.67% |
Frequently Asked Questions
GILI.L and UTIP.L have a correlation of 0.00, 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 0.17% for UTIP.L.
GILI.L tracks FTSE Actuaries UK Index-Linked Gilts All Stocks, while UTIP.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Lyxor and State Street. Their fees differ too: 0.07% for GILI.L and 0.17% for UTIP.L.
Find the right allocation for GILI.L and UTIP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer