IB01.L vs. ITPS.L
IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) and ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) are both exchange-traded funds - IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while ITPS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, IB01.L returned 3.39%/yr vs 0.96%/yr for ITPS.L. At a 0.08 correlation, their price movements are largely independent. IB01.L charges 0.07%/yr vs 0.12%/yr for ITPS.L.
Performance
IB01.L vs. ITPS.L - Performance Comparison
Loading charts...
Different Trading Currencies
IB01.L is traded in USD, while ITPS.L is traded in GBP. To make them comparable, the ITPS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IB01.L achieves a 1.45% return, which is significantly higher than ITPS.L's 1.15% return.
IB01.L
- 1D
- 0.03%
- 1M
- 0.28%
- YTD
- 1.45%
- 6M
- 1.75%
- 1Y
- 3.98%
- 3Y*
- 4.73%
- 5Y*
- 3.39%
- 10Y*
- —
ITPS.L
- 1D
- 0.12%
- 1M
- -0.01%
- YTD
- 1.15%
- 6M
- 1.26%
- 1Y
- 4.74%
- 3Y*
- 3.76%
- 5Y*
- 0.96%
- 10Y*
- 2.62%
IB01.L vs. ITPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.45% | 4.34% | 5.25% | 4.92% | 1.08% | 0.00% | 0.88% | 2.01% |
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.15% | 7.23% | 1.85% | 3.08% | -12.79% | 6.77% | 10.40% | 7.51% |
Correlation
The correlation between IB01.L and ITPS.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.08 |
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
IB01.L vs. ITPS.L — Risk / Return Rank
IB01.L
ITPS.L
IB01.L vs. ITPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
| IB01.L | ITPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.07 | ||
| Sortino ratioReturn per unit of downside risk | +35.61 | ||
| Omega ratioGain probability vs. loss probability | 8.02 | 1.15 | +6.87 |
| Calmar ratioReturn relative to maximum drawdown | 115.45 | 2.04 | +113.41 |
| Martin ratioReturn relative to average drawdown | 569.86 | 6.19 | +563.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IB01.L | ITPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.94 | 0.87 | +11.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 9.24 | 0.13 | +9.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.79 | 0.19 | +3.60 |
Drawdowns
IB01.L vs. ITPS.L - Drawdown Comparison
The maximum IB01.L drawdown since its inception was -0.91%, smaller than the maximum ITPS.L drawdown of -39.81%. Use the drawdown chart below to compare losses from any high point for IB01.L and ITPS.L.
Loading charts...
Drawdown Indicators
| IB01.L | ITPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -39.81% | +38.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -2.31% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -4.80% | +4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -0.29% | -15.79% | +15.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.79% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.93% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -10.80% | +10.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.76% | -0.75% |
Volatility
IB01.L vs. ITPS.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) is 0.10%, while iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) has a volatility of 1.85%. This indicates that IB01.L experiences smaller price fluctuations and is considered to be less risky than ITPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IB01.L | ITPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.85% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.24% | 4.04% | -3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 5.41% | -5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.37% | 7.39% | -7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.72% | 7.67% | -6.95% |
IB01.L vs. ITPS.L - Expense Ratio Comparison
IB01.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
IB01.L vs. ITPS.L - Dividend Comparison
Neither IB01.L nor ITPS.L has paid dividends to shareholders.
Frequently Asked Questions
IB01.L and ITPS.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.12% for ITPS.L.
IB01.L is categorized as Government Bonds, while ITPS.L is Inflation-Protected Bonds. IB01.L tracks ICE U.S. Treasury Short Bond Index, while ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.07% for IB01.L and 0.12% for ITPS.L.
Find the right allocation for IB01.L and ITPS.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