IGIL.L vs. TIP

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) and iShares TIPS Bond ETF (TIP).

IGIL.L and TIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGIL.L is a passively managed fund by iShares that tracks the performance of the Bloomberg World Government Inflation-Linked Bond Index. It was launched on Aug 1, 2008. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both IGIL.L and TIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IGIL.L vs. TIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) and iShares TIPS Bond ETF (TIP). The values are adjusted to include any dividend payments, if applicable.

IGIL.L vs. TIP - 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	-0.45%	8.45%	-2.93%	5.08%	-21.84%	2.94%	12.21%	7.81%	-4.02%	8.44%
TIP iShares TIPS Bond ETF	0.41%	6.77%	1.65%	3.80%	-12.26%	5.68%	10.84%	8.35%	-1.42%	2.92%

Returns By Period

In the year-to-date period, IGIL.L achieves a -0.45% return, which is significantly lower than TIP's 0.41% return. Over the past 10 years, IGIL.L has underperformed TIP with an annualized return of 1.04%, while TIP has yielded a comparatively higher 2.49% annualized return.

IGIL.L

• 1D: 0.39%
• 1M: -3.07%
• YTD: -0.45%
• 6M: 0.15%
• 1Y: 4.78%
• 3Y*: 1.89%
• 5Y*: -1.85%
• 10Y*: 1.04%

TIP

• 1D: 0.01%
• 1M: -1.36%
• YTD: 0.41%
• 6M: 0.33%
• 1Y: 2.82%
• 3Y*: 2.98%
• 5Y*: 1.24%
• 10Y*: 2.49%

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

IGIL.L vs. TIP - Expense Ratio Comparison

IGIL.L has a 0.20% expense ratio, which is higher than TIP's 0.19% 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%.

IGIL.L

iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc

TIP

iShares TIPS Bond ETF

Return for Risk

IGIL.L vs. TIP — Risk / Return Rank

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

IGIL.L

IGIL.L Risk / Return Rank: 38
IGIL.L Sharpe Ratio Rank: 36
IGIL.L Sortino Ratio Rank: 35
IGIL.L Omega Ratio Rank: 30
IGIL.L Calmar Ratio Rank: 49
IGIL.L Martin Ratio Rank: 41

TIP

TIP Risk / Return Rank: 40
TIP Sharpe Ratio Rank: 39
TIP Sortino Ratio Rank: 35
TIP Omega Ratio Rank: 33
TIP Calmar Ratio Rank: 51
TIP Martin Ratio Rank: 39

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.

IGIL.L vs. TIP - 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 Bond ETF (TIP). 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	TIP	Difference
Sharpe ratio Return per unit of total volatility	0.70	0.68	+0.02
Sortino ratio Return per unit of downside risk	1.07	0.95	+0.12
Omega ratio Gain probability vs. loss probability	1.13	1.12	+0.01
Calmar ratio Return relative to maximum drawdown	1.30	1.18	+0.12
Martin ratio Return relative to average drawdown	3.89	3.44	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGIL.L vs. TIP - Sharpe Ratio Comparison

The current IGIL.L Sharpe Ratio is 0.70, which is comparable to the TIP Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of IGIL.L and TIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IGIL.L	TIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	0.68	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.20	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.43	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.57	-0.38

Correlation

The correlation between IGIL.L and TIP is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IGIL.L vs. TIP - Dividend Comparison

IGIL.L has not paid dividends to shareholders, while TIP's dividend yield for the trailing twelve months is around 3.45%.

	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%
TIP iShares TIPS Bond ETF	3.45%	3.46%	2.52%	2.73%	6.96%	4.28%	1.17%	1.75%	2.71%	2.07%	1.48%	0.34%

Drawdowns

IGIL.L vs. TIP - Drawdown Comparison

The maximum IGIL.L drawdown since its inception was -31.32%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for IGIL.L and TIP.

Drawdown Indicators

	IGIL.L	TIP	Difference
Max Drawdown Largest peak-to-trough decline	-31.32%	-14.57%	-16.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.47%	-2.74%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-31.32%	-14.51%	-16.81%
Max Drawdown (10Y) Largest decline over 10 years	-31.32%	-14.51%	-16.81%
Current Drawdown Current decline from peak	-16.00%	-1.36%	-14.64%
Average Drawdown Average peak-to-trough decline	-7.39%	-3.46%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	0.94%	+0.22%

Volatility

IGIL.L vs. TIP - Volatility Comparison

iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) has a higher volatility of 2.38% compared to iShares TIPS Bond ETF (TIP) at 1.41%. This indicates that IGIL.L's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGIL.L	TIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	1.41%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	4.15%	2.35%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	6.78%	4.17%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	6.23%	+3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	5.75%	+3.14%