HPRO.L vs. TIP5.L
HPRO.L (HSBC FTSE EPRA/NAREIT Developed UCITS ETF) and TIP5.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) are both exchange-traded funds - HPRO.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while TIP5.L is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5. Both are passively managed. Over the past 5 years, HPRO.L returned -0.95%/yr vs 4.42%/yr for TIP5.L. At a 0.18 correlation, their price movements are largely independent. HPRO.L charges 0.24%/yr vs 0.10%/yr for TIP5.L.
Performance
HPRO.L vs. TIP5.L - Performance Comparison
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Different Trading Currencies
HPRO.L is traded in GBp, while TIP5.L is traded in USD. To make them comparable, the TIP5.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPRO.L achieves a 5.06% return, which is significantly higher than TIP5.L's 2.18% return.
HPRO.L
- 1D
- 0.03%
- 1M
- -0.79%
- YTD
- 5.06%
- 6M
- 5.16%
- 1Y
- 9.52%
- 3Y*
- 2.97%
- 5Y*
- -0.95%
- 10Y*
- 1.11%
TIP5.L
- 1D
- -0.01%
- 1M
- 0.94%
- YTD
- 2.18%
- 6M
- 1.36%
- 1Y
- 5.42%
- 3Y*
- 2.54%
- 5Y*
- 4.42%
- 10Y*
- —
HPRO.L vs. TIP5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPRO.L HSBC FTSE EPRA/NAREIT Developed UCITS ETF | 5.06% | 0.35% | -1.94% | 1.11% | -18.31% | 24.70% | -14.95% | 13.99% | -3.06% | 0.95% |
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 2.18% | -1.35% | 6.73% | -0.97% | 8.82% | 6.42% | 1.83% | 0.91% | 6.52% | -3.93% |
Correlation
The correlation between HPRO.L and TIP5.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.18 |
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Return for Risk
HPRO.L vs. TIP5.L — Risk / Return Rank
HPRO.L
TIP5.L
HPRO.L vs. TIP5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.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.
| HPRO.L | TIP5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.97 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.34 | 2.77 | +0.56 |
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
| HPRO.L | TIP5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.81 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.53 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.33 | -0.13 |
Drawdowns
HPRO.L vs. TIP5.L - Drawdown Comparison
The maximum HPRO.L drawdown since its inception was -36.31%, which is greater than TIP5.L's maximum drawdown of -16.56%. Use the drawdown chart below to compare losses from any high point for HPRO.L and TIP5.L.
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Drawdown Indicators
| HPRO.L | TIP5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.31% | -16.56% | -19.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -5.59% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.45% | -8.61% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.68% | -16.56% | -14.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.31% | — | — |
Current DrawdownCurrent decline from peak | -15.54% | -5.15% | -10.39% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -6.55% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 1.95% | +0.90% |
Volatility
HPRO.L vs. TIP5.L - Volatility Comparison
HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L) has a higher volatility of 3.15% compared to iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L) at 1.70%. This indicates that HPRO.L's price experiences larger fluctuations and is considered to be riskier than TIP5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPRO.L | TIP5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 1.70% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 5.09% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.95% | 6.67% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 8.39% | +5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 8.74% | +6.85% |
HPRO.L vs. TIP5.L - Expense Ratio Comparison
HPRO.L has a 0.24% expense ratio, which is higher than TIP5.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HPRO.L vs. TIP5.L - Dividend Comparison
HPRO.L's dividend yield for the trailing twelve months is around 0.03%, less than TIP5.L's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPRO.L HSBC FTSE EPRA/NAREIT Developed UCITS ETF | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 5.81% | 5.93% | 6.97% | 5.15% | 0.34% | 0.37% | 3.00% | 3.27% | 2.99% | 1.03% | 0.00% | 0.00% |
Frequently Asked Questions
HPRO.L and TIP5.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIP5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIP5.L is cheaper with a 0.10% expense ratio, compared with 0.24% for HPRO.L.
HPRO.L is categorized as REIT, while TIP5.L is Inflation-Protected Bonds. HPRO.L tracks FTSE EPRA Nareit Global TR USD, while TIP5.L tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.24% for HPRO.L and 0.10% for TIP5.L.
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