IBCI.L vs. TIPG.L
IBCI.L (iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc)) and TIPG.L (Lyxor Core US TIPS (DR) UCITS ETF - Dist) are both Inflation-Protected Bonds funds - IBCI.L tracks the BBG Euro Government Inflation-Linked Bond Index (EUR) while TIPG.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 0.90%/yr for TIPG.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
IBCI.L vs. TIPG.L - Performance Comparison
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Different Trading Currencies
IBCI.L is traded in GBP, while TIPG.L is traded in GBp. To make them comparable, the TIPG.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 TIPG.L's 0.76% 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%
TIPG.L
- 1D
- 0.45%
- 1M
- -0.92%
- 6M
- 0.34%
- YTD
- 0.76%
- 1Y
- 2.81%
- 3Y*
- 2.62%
- 5Y*
- 0.90%
- 10Y*
- —
IBCI.L vs. TIPG.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% |
TIPG.L Lyxor Core US TIPS (DR) UCITS ETF - Dist | 0.76% | -0.42% | 3.73% | -2.20% | -2.41% | 7.73% | 7.24% | 5.48% | 4.26% | -6.01% |
Correlation
The correlation between IBCI.L and TIPG.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2016 | 0.53 |
Over the past year, the correlation between IBCI.L and TIPG.L has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
IBCI.L vs. TIPG.L — Risk / Return Rank
IBCI.L
TIPG.L
IBCI.L vs. TIPG.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 - Dist (TIPG.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 | TIPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.53 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.80 | 1.27 | -0.47 |
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Drawdowns
IBCI.L vs. TIPG.L - Drawdown Comparison
The maximum IBCI.L drawdown since its inception was -30.47%, roughly equal to the maximum TIPG.L drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for IBCI.L and TIPG.L.
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Drawdown Indicators
| IBCI.L | TIPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -30.41% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -5.24% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -8.00% | -6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.28% | -15.73% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -14.53% | — | — |
Current DrawdownCurrent decline from peak | -8.52% | -8.58% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -14.08% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.21% | -0.67% |
Volatility
IBCI.L vs. TIPG.L - Volatility Comparison
iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L) and Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) have volatilities of 1.41% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCI.L | TIPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.39% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.47% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.90% | 6.18% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.49% | 8.65% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 12.03% | -0.27% |
IBCI.L vs. TIPG.L - Expense Ratio Comparison
Both IBCI.L and TIPG.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. TIPG.L - Dividend Comparison
IBCI.L has not paid dividends to shareholders, while TIPG.L's dividend yield for the trailing twelve months is around 1.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIPG.L Lyxor Core US TIPS (DR) UCITS ETF - Dist | 1.11% | 1.12% | 0.88% | 0.72% | 0.70% | 0.55% | 0.65% | 0.78% | 0.77% | 0.82% |
Frequently Asked Questions
IBCI.L and TIPG.L have a correlation of 0.32, 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 TIPG.L have the same expense ratio: 0.09% per year.
IBCI.L tracks BBG Euro Government Inflation-Linked Bond Index (EUR), while TIPG.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and Amundi.
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