IBCI.L vs. INXG.L
IBCI.L (iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc)) and INXG.L (iShares £ Index-Linked Gilts UCITS ETF) are both exchange-traded funds - IBCI.L is a Inflation-Protected Bonds fund tracking the BBG Euro Government Inflation-Linked Bond Index (EUR), while INXG.L is a Government Bonds fund tracking the Bloomberg UK Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, IBCI.L returned 1.54%/yr vs -2.20%/yr for INXG.L. At a 0.31 correlation, their price movements are largely independent. IBCI.L charges 0.09%/yr vs 0.10%/yr for INXG.L.
Performance
IBCI.L vs. INXG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCI.L achieves a -0.01% return, which is significantly higher than INXG.L's -1.18% return. Over the past 10 years, IBCI.L has outperformed INXG.L with an annualized return of 1.54%, while INXG.L has yielded a comparatively lower -2.20% annualized return.
IBCI.L
- 1D
- 0.32%
- 1M
- -2.22%
- 6M
- -0.13%
- YTD
- -0.01%
- 1Y
- 1.23%
- 3Y*
- 1.51%
- 5Y*
- 0.31%
- 10Y*
- 1.54%
INXG.L
- 1D
- 0.09%
- 1M
- -2.09%
- 6M
- -2.90%
- YTD
- -1.18%
- 1Y
- 2.64%
- 3Y*
- -1.20%
- 5Y*
- -9.01%
- 10Y*
- -2.20%
IBCI.L vs. INXG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | -0.01% | 6.03% | -4.55% | 3.48% | -4.33% | -0.79% | 8.45% | 1.18% | -1.05% | 5.00% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | -1.18% | 1.10% | -8.60% | 0.16% | -34.28% | 4.03% | 11.12% | 6.25% | -0.49% | 2.25% |
Correlation
The correlation between IBCI.L and INXG.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.31 |
The correlation between IBCI.L and INXG.L shifts across timeframes, from 0.31 (all time) to 0.47 (3 years), reflecting how their relationship changes across market environments.
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
IBCI.L vs. INXG.L — Risk / Return Rank
IBCI.L
INXG.L
IBCI.L vs. INXG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.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.
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.
| IBCI.L | INXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.40 | -0.03 |
| Martin ratioReturn relative to average drawdown | 0.80 | 0.90 | -0.10 |
Loading charts...
Drawdowns
IBCI.L vs. INXG.L - Drawdown Comparison
The maximum IBCI.L drawdown since its inception was -30.47%, smaller than the maximum INXG.L drawdown of -50.86%. Use the drawdown chart below to compare losses from any high point for IBCI.L and INXG.L.
Loading charts...
Drawdown Indicators
| IBCI.L | INXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -50.86% | +20.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -6.59% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -15.06% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -14.28% | -50.86% | +36.58% |
Max Drawdown (10Y)Largest decline over 10 years | -14.53% | -50.86% | +36.33% |
Current DrawdownCurrent decline from peak | -8.52% | -43.74% | +35.22% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -12.09% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.93% | -1.39% |
Volatility
IBCI.L vs. INXG.L - Volatility Comparison
The current volatility for iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L) is 1.41%, while iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a volatility of 2.44%. This indicates that IBCI.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.
Loading charts...
Volatility by Period
| IBCI.L | INXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.44% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 7.14% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 9.66% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 20.07% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 17.39% | -5.63% |
IBCI.L vs. INXG.L - Expense Ratio Comparison
IBCI.L has a 0.09% 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%.
Dividends
IBCI.L vs. INXG.L - Dividend Comparison
IBCI.L has not paid dividends to shareholders, while INXG.L's dividend yield for the trailing twelve months is around 7.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 7.65% | 7.23% | 5.77% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% |
Frequently Asked Questions
IBCI.L and INXG.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCI.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.L is cheaper with a 0.09% expense ratio, compared with 0.10% for INXG.L.
IBCI.L is categorized as Inflation-Protected Bonds, while INXG.L is Government Bonds. IBCI.L tracks BBG Euro Government Inflation-Linked Bond Index (EUR), while INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index. Their fees differ too: 0.09% for IBCI.L and 0.10% for INXG.L.
Find the right allocation for IBCI.L and INXG.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