IGDA.L vs. TIGB.L

Last updated Jun 25, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) are both exchange-traded funds - IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index, while TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 3 years, IGDA.L returned 19.67%/yr vs 5.64%/yr for TIGB.L. At a 0.33 correlation, their price movements are largely independent. IGDA.L charges 0.40%/yr vs 0.10%/yr for TIGB.L.

Performance

IGDA.L vs. TIGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGDA.L is traded in USD, while TIGB.L is traded in GBp. To make them comparable, the TIGB.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGDA.L achieves a 11.69% return, which is significantly higher than TIGB.L's -0.71% return.

IGDA.L

• 1D: 0.49%
• 1M: -0.71%
• YTD: 11.69%
• 6M: 11.40%
• 1Y: 28.90%
• 3Y*: 19.67%
• 5Y*: —
• 10Y*: —

TIGB.L

• 1D: -0.27%
• 1M: -1.68%
• YTD: -0.71%
• 6M: -0.95%
• 1Y: 0.26%
• 3Y*: 5.64%
• 5Y*: 1.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGDA.L vs. TIGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	11.69%	18.76%	17.94%	29.70%	-20.97%
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	-0.71%	11.96%	3.19%	9.76%	-10.71%

Correlation

The correlation between IGDA.L and TIGB.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022	0.33

Return for Risk

IGDA.L vs. TIGB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGDA.L

IGDA.L Risk / Return Rank: 68
IGDA.L Sharpe Ratio Rank: 69
IGDA.L Sortino Ratio Rank: 71
IGDA.L Omega Ratio Rank: 65
IGDA.L Calmar Ratio Rank: 66
IGDA.L Martin Ratio Rank: 71

TIGB.L

TIGB.L Risk / Return Rank: 98
TIGB.L Sharpe Ratio Rank: 97
TIGB.L Sortino Ratio Rank: 97
TIGB.L Omega Ratio Rank: 98
TIGB.L Calmar Ratio Rank: 98
TIGB.L Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGDA.L vs. TIGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.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.

	IGDA.L	TIGB.L	Difference
Sharpe ratio: Return per unit of total volatility	1.98	0.04	+1.94
Sortino ratio: Return per unit of downside risk	2.85	0.10	+2.74
Omega ratio: Gain probability vs. loss probability	1.35	1.01	+0.34
Calmar ratio: Return relative to maximum drawdown	2.97	0.06	+2.91
Martin ratio: Return relative to average drawdown	11.90	0.13	+11.77

IGDA.L vs. TIGB.L - Sharpe Ratio Comparison

The current IGDA.L Sharpe Ratio is 1.98, which is higher than the TIGB.L Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of IGDA.L and TIGB.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGDA.L vs. TIGB.L - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -27.14%, which is greater than TIGB.L's maximum drawdown of -25.37%. Use the drawdown chart below to compare losses from any high point for IGDA.L and TIGB.L.

Drawdown Indicators

	IGDA.L	TIGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.14%	-25.37%	-1.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-4.25%	-5.44%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-8.19%	-11.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.03%	—
Current Drawdown Current decline from peak	-4.05%	-3.69%	-0.36%
Average Drawdown Average peak-to-trough decline	-7.01%	-5.89%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.07%	+0.35%

Volatility

IGDA.L vs. TIGB.L - Volatility Comparison

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 4.98% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) at 1.64%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than TIGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGDA.L	TIGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	1.64%	+3.34%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	4.98%	+6.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	6.73%	+7.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	8.62%	+9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	8.94%	+8.78%

IGDA.L vs. TIGB.L - Expense Ratio Comparison

IGDA.L has a 0.40% expense ratio, which is higher than TIGB.L's 0.10% expense ratio.

Dividends

IGDA.L vs. TIGB.L - Dividend Comparison

IGDA.L has not paid dividends to shareholders, while TIGB.L's dividend yield for the trailing twelve months is around 3.89%.

Position	TTM	2025	2024	2023	2022	2021	2020
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	3.89%	4.11%	4.93%	4.53%	1.46%	0.06%	0.66%

Frequently Asked Questions

Can I hold both IGDA.L and TIGB.L in my portfolio?

IGDA.L and TIGB.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGDA.L or TIGB.L?

On fees, TIGB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGDA.L or TIGB.L?

TIGB.L is cheaper with a 0.10% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between IGDA.L and TIGB.L?

IGDA.L is categorized as Global Equities, while TIGB.L is Short-Term Bond. IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while TIGB.L tracks Bloomberg US Treasury Coupons Index. Their fees differ too: 0.40% for IGDA.L and 0.10% for TIGB.L.