IGIL.L vs. 0TPE.L
IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) and 0TPE.L (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) are both Inflation-Protected Bonds funds from iShares - IGIL.L tracks the Bloomberg World Government Inflation-Linked Bond Index while 0TPE.L tracks the Bloomberg US Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, IGIL.L returned -2.50%/yr vs -2.11%/yr for 0TPE.L. At a 0.41 correlation, their price movements are largely independent. IGIL.L charges 0.20%/yr vs 0.12%/yr for 0TPE.L.
Performance
IGIL.L vs. 0TPE.L - Performance Comparison
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Different Trading Currencies
IGIL.L is traded in USD, while 0TPE.L is traded in EUR. To make them comparable, the 0TPE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGIL.L achieves a 0.17% return, which is significantly higher than 0TPE.L's -2.32% return.
IGIL.L
- 1D
- 0.35%
- 1M
- -0.86%
- 6M
- -0.45%
- YTD
- 0.17%
- 1Y
- 2.83%
- 3Y*
- 2.39%
- 5Y*
- -2.50%
- 10Y*
- 0.90%
0TPE.L
- 1D
- 0.00%
- 1M
- -1.73%
- 6M
- -1.85%
- YTD
- -2.32%
- 1Y
- 0.38%
- 3Y*
- 2.39%
- 5Y*
- -2.11%
- 10Y*
- —
IGIL.L vs. 0TPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 0.17% | 8.45% | -2.93% | 5.08% | -21.84% | 2.94% | 12.21% | 7.81% | -3.78% |
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -2.32% | 18.50% | -6.18% | 4.58% | -18.80% | -3.13% | 18.93% | 3.95% | -9.14% |
Correlation
The correlation between IGIL.L and 0TPE.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | 0.41 |
Over the past year, IGIL.L and 0TPE.L have become more correlated (0.63) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
IGIL.L vs. 0TPE.L — Risk / Return Rank
IGIL.L
0TPE.L
IGIL.L vs. 0TPE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) and iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.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.
| IGIL.L | 0TPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.01 | +0.81 |
| Martin ratioReturn relative to average drawdown | 1.98 | 0.01 | +1.97 |
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Drawdowns
IGIL.L vs. 0TPE.L - Drawdown Comparison
The maximum IGIL.L drawdown since its inception was -31.32%, roughly equal to the maximum 0TPE.L drawdown of -30.42%. Use the drawdown chart below to compare losses from any high point for IGIL.L and 0TPE.L.
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Drawdown Indicators
| IGIL.L | 0TPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.32% | -30.42% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -5.84% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -8.48% | -11.95% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -31.32% | -30.42% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -31.32% | — | — |
Current DrawdownCurrent decline from peak | -15.47% | -11.60% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -11.99% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.73% | -1.31% |
Volatility
IGIL.L vs. 0TPE.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) is 1.34%, while iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.L) has a volatility of 2.04%. This indicates that IGIL.L experiences smaller price fluctuations and is considered to be less risky than 0TPE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIL.L | 0TPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.04% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 5.57% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 7.36% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 13.50% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 12.85% | -3.96% |
IGIL.L vs. 0TPE.L - Expense Ratio Comparison
IGIL.L has a 0.20% expense ratio, which is higher than 0TPE.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGIL.L vs. 0TPE.L - Dividend Comparison
Neither IGIL.L nor 0TPE.L has paid dividends to shareholders.
Frequently Asked Questions
IGIL.L and 0TPE.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0TPE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0TPE.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IGIL.L.
IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index, while 0TPE.L tracks Bloomberg US Government Inflation-Linked Bond Index. Their fees differ too: 0.20% for IGIL.L and 0.12% for 0TPE.L.
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