IGIL.L vs. INXG.L
IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) and INXG.L (iShares £ Index-Linked Gilts UCITS ETF) are both exchange-traded funds - IGIL.L is a Inflation-Protected Bonds fund tracking the Bloomberg World Government Inflation-Linked Bond Index, while INXG.L is a Government Bonds fund tracking the Bloomberg UK Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, IGIL.L returned 1.03%/yr vs -1.89%/yr for INXG.L. A 0.68 correlation means they provide meaningful diversification when combined. IGIL.L charges 0.20%/yr vs 0.10%/yr for INXG.L.
Performance
IGIL.L vs. INXG.L - Performance Comparison
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Different Trading Currencies
IGIL.L is traded in USD, while INXG.L is traded in GBP. To make them comparable, the INXG.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 0.97% return, which is significantly higher than INXG.L's -0.20% return. Over the past 10 years, IGIL.L has outperformed INXG.L with an annualized return of 1.03%, while INXG.L has yielded a comparatively lower -1.89% annualized return.
IGIL.L
- 1D
- 0.08%
- 1M
- -0.27%
- YTD
- 0.97%
- 6M
- 1.02%
- 1Y
- 3.80%
- 3Y*
- 3.28%
- 5Y*
- -2.27%
- 10Y*
- 1.03%
INXG.L
- 1D
- 0.49%
- 1M
- 0.22%
- YTD
- -0.20%
- 6M
- 0.00%
- 1Y
- 2.32%
- 3Y*
- 1.93%
- 5Y*
- -9.23%
- 10Y*
- -1.89%
IGIL.L vs. INXG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 0.97% | 8.45% | -2.93% | 5.08% | -21.84% | 2.94% | 12.21% | 7.81% | -4.02% | 8.44% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | -0.20% | 8.73% | -10.18% | 5.45% | -41.30% | 3.13% | 14.48% | 10.54% | -6.12% | 11.94% |
Correlation
The correlation between IGIL.L and INXG.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2008 | 0.68 |
The correlation between IGIL.L and INXG.L shifts across timeframes, from 0.68 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGIL.L vs. INXG.L — Risk / Return Rank
IGIL.L
INXG.L
IGIL.L vs. INXG.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 £ Index-Linked Gilts UCITS ETF (INXG.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.
| IGIL.L | INXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.30 | +0.80 |
| Martin ratioReturn relative to average drawdown | 3.08 | 0.62 | +2.46 |
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
| IGIL.L | INXG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.17 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.41 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | -0.10 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.05 | +0.14 |
Drawdowns
IGIL.L vs. INXG.L - Drawdown Comparison
The maximum IGIL.L drawdown since its inception was -31.32%, smaller than the maximum INXG.L drawdown of -60.41%. Use the drawdown chart below to compare losses from any high point for IGIL.L and INXG.L.
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Drawdown Indicators
| IGIL.L | INXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.32% | -60.41% | +29.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -7.74% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -8.47% | -18.39% | +9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.32% | -60.41% | +29.09% |
Max Drawdown (10Y)Largest decline over 10 years | -31.32% | -60.41% | +29.09% |
Current DrawdownCurrent decline from peak | -14.80% | -42.61% | +27.81% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -14.98% | +7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 3.72% | -2.49% |
Volatility
IGIL.L vs. INXG.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) is 2.09%, while iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a volatility of 4.74%. This indicates that IGIL.L experiences smaller price fluctuations and is considered to be less risky than INXG.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 | INXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 4.74% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 9.63% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 13.32% | -7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.63% | 22.76% | -13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.91% | 19.73% | -10.82% |
IGIL.L vs. INXG.L - Expense Ratio Comparison
IGIL.L has a 0.20% expense ratio, which is higher than INXG.L's 0.10% 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. INXG.L - Dividend Comparison
IGIL.L has not paid dividends to shareholders, while INXG.L's dividend yield for the trailing twelve months is around 7.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 7.56% | 7.23% | 5.77% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% |
Frequently Asked Questions
IGIL.L and INXG.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INXG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INXG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IGIL.L.
IGIL.L is categorized as Inflation-Protected Bonds, while INXG.L is Government Bonds. IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index, while INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index. Their fees differ too: 0.20% for IGIL.L and 0.10% for INXG.L.
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