IDTP.L vs. UTIP.L
IDTP.L (iShares $ TIPS UCITS ETF USD (Acc)) and UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) are both Inflation-Protected Bonds funds tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, from iShares and State Street respectively. Both are passively managed. Over the past 10 years, IDTP.L returned 2.62%/yr vs 40.71%/yr for UTIP.L. A 0.58 correlation means they provide meaningful diversification when combined. IDTP.L charges 0.12%/yr vs 0.17%/yr for UTIP.L.
Performance
IDTP.L vs. UTIP.L - Performance Comparison
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Different Trading Currencies
IDTP.L is traded in USD, while UTIP.L is traded in GBP. To make them comparable, the UTIP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDTP.L achieves a 1.09% return, which is significantly higher than UTIP.L's -0.85% return. Over the past 10 years, IDTP.L has underperformed UTIP.L with an annualized return of 2.62%, while UTIP.L has yielded a comparatively higher 40.71% annualized return.
IDTP.L
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 1.09%
- 6M
- 1.17%
- 1Y
- 4.80%
- 3Y*
- 3.82%
- 5Y*
- 0.96%
- 10Y*
- 2.62%
UTIP.L
- 1D
- 0.05%
- 1M
- 0.10%
- YTD
- -0.85%
- 6M
- -0.70%
- 1Y
- 0.27%
- 3Y*
- -0.20%
- 5Y*
- -3.62%
- 10Y*
- 40.71%
IDTP.L vs. UTIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDTP.L iShares $ TIPS UCITS ETF USD (Acc) | 1.09% | 6.94% | 2.15% | 3.71% | -12.76% | 6.17% | 10.98% | 8.68% | -1.43% | 3.28% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | -0.85% | 3.42% | -2.11% | -1.38% | -18.60% | 3.08% | 291.14% | 61.85% | 244.40% | 71.04% |
Correlation
The correlation between IDTP.L and UTIP.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2015 | 0.58 |
The correlation between IDTP.L and UTIP.L shifts across timeframes, from 0.48 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDTP.L vs. UTIP.L — Risk / Return Rank
IDTP.L
UTIP.L
IDTP.L vs. UTIP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF USD (Acc) (IDTP.L) and SPDR Bloomberg US TIPS UCITS ETF (UTIP.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.
| IDTP.L | UTIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.07 | +2.41 |
| Martin ratioReturn relative to average drawdown | 6.88 | 0.17 | +6.71 |
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
| IDTP.L | UTIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.04 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.45 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.35 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.34 | +0.17 |
Drawdowns
IDTP.L vs. UTIP.L - Drawdown Comparison
The maximum IDTP.L drawdown since its inception was -15.12%, smaller than the maximum UTIP.L drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for IDTP.L and UTIP.L.
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Drawdown Indicators
| IDTP.L | UTIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.12% | -24.34% | +9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -3.57% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -6.79% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.12% | -24.34% | +9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -15.12% | -24.34% | +9.22% |
Current DrawdownCurrent decline from peak | -0.61% | -19.65% | +19.04% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -8.60% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.56% | -0.87% |
Volatility
IDTP.L vs. UTIP.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (IDTP.L) is 1.30%, while SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) has a volatility of 2.21%. This indicates that IDTP.L experiences smaller price fluctuations and is considered to be less risky than UTIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDTP.L | UTIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 2.21% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 4.56% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 6.37% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 7.98% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 117.48% | -111.11% |
IDTP.L vs. UTIP.L - Expense Ratio Comparison
IDTP.L has a 0.12% expense ratio, which is lower than UTIP.L's 0.17% 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
IDTP.L vs. UTIP.L - Dividend Comparison
Neither IDTP.L nor UTIP.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IDTP.L iShares $ TIPS UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 69.04% | 31.90% | 67.27% | 43.97% |
Frequently Asked Questions
IDTP.L and UTIP.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDTP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDTP.L is cheaper with a 0.12% expense ratio, compared with 0.17% for UTIP.L.
Both ETFs track Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.12% for IDTP.L and 0.17% for UTIP.L.
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