IBCI.L vs. TIPA.L
IBCI.L (iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc)) and TIPA.L (Lyxor Core US TIPS (DR) UCITS ETF - Acc) are both Inflation-Protected Bonds funds - IBCI.L tracks the BBG Euro Government Inflation-Linked Bond Index (EUR) while TIPA.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, IBCI.L returned 0.31%/yr vs 0.87%/yr for TIPA.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
IBCI.L vs. TIPA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBCI.L is traded in GBP, while TIPA.L is traded in USD. To make them comparable, the TIPA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCI.L achieves a -0.01% return, which is significantly lower than TIPA.L's 0.87% 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%
TIPA.L
- 1D
- 0.25%
- 1M
- -1.69%
- 6M
- 0.28%
- YTD
- 0.87%
- 1Y
- 2.83%
- 3Y*
- 2.53%
- 5Y*
- 0.87%
- 10Y*
- —
IBCI.L vs. TIPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | -4.73% |
TIPA.L Lyxor Core US TIPS (DR) UCITS ETF - Acc | 0.87% | -0.79% | 3.89% | -1.67% | -2.47% | 7.37% | 7.79% | -5.90% |
Correlation
The correlation between IBCI.L and TIPA.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2019 | 0.44 |
The correlation between IBCI.L and TIPA.L shifts across timeframes, from 0.27 (1 year) to 0.44 (all time), 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. TIPA.L — Risk / Return Rank
IBCI.L
TIPA.L
IBCI.L vs. TIPA.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 Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.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 | TIPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.48 | -0.11 |
| Martin ratioReturn relative to average drawdown | 0.80 | 1.24 | -0.44 |
Loading charts...
Drawdowns
IBCI.L vs. TIPA.L - Drawdown Comparison
The maximum IBCI.L drawdown since its inception was -30.47%, which is greater than TIPA.L's maximum drawdown of -16.78%. Use the drawdown chart below to compare losses from any high point for IBCI.L and TIPA.L.
Loading charts...
Drawdown Indicators
| IBCI.L | TIPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -16.78% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -5.86% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -8.14% | -6.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.28% | -16.78% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -14.53% | — | — |
Current DrawdownCurrent decline from peak | -8.52% | -9.72% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -8.10% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.29% | -0.75% |
Volatility
IBCI.L vs. TIPA.L - Volatility Comparison
The current volatility for iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L) is 1.41%, while Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) has a volatility of 1.78%. This indicates that IBCI.L experiences smaller price fluctuations and is considered to be less risky than TIPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBCI.L | TIPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.78% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 5.24% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 6.73% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 9.07% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 9.50% | +2.26% |
IBCI.L vs. TIPA.L - Expense Ratio Comparison
Both IBCI.L and TIPA.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCI.L vs. TIPA.L - Dividend Comparison
Neither IBCI.L nor TIPA.L has paid dividends to shareholders.
Frequently Asked Questions
IBCI.L and TIPA.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.L and TIPA.L have the same expense ratio: 0.09% per year.
IBCI.L tracks BBG Euro Government Inflation-Linked Bond Index (EUR), while TIPA.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and Amundi.
Find the right allocation for IBCI.L and TIPA.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