INXG.L vs. GILI.L
INXG.L (iShares £ Index-Linked Gilts UCITS ETF) and GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) are both exchange-traded funds - INXG.L is a Government Bonds fund tracking the Bloomberg UK Government Inflation-Linked Bond Index, while GILI.L is a Inflation-Protected Bonds fund tracking the FTSE Actuaries UK Index-Linked Gilts All Stocks. Both are passively managed. Over the past 10 years, INXG.L returned -1.20%/yr vs -1.41%/yr for GILI.L. Their correlation of 0.89 suggests significant overlap in exposure. INXG.L charges 0.10%/yr vs 0.07%/yr for GILI.L.
Performance
INXG.L vs. GILI.L - Performance Comparison
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Different Trading Currencies
INXG.L is traded in GBP, while GILI.L is traded in GBp. To make them comparable, the GILI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, INXG.L achieves a -0.40% return, which is significantly lower than GILI.L's -0.14% return. Over the past 10 years, INXG.L has outperformed GILI.L with an annualized return of -1.20%, while GILI.L has yielded a comparatively lower -1.41% annualized return.
INXG.L
- 1D
- -1.13%
- 1M
- -0.78%
- YTD
- -0.40%
- 6M
- -0.33%
- 1Y
- 3.18%
- 3Y*
- -0.66%
- 5Y*
- -8.34%
- 10Y*
- -1.20%
GILI.L
- 1D
- -0.65%
- 1M
- -0.33%
- YTD
- -0.14%
- 6M
- -0.86%
- 1Y
- 2.58%
- 3Y*
- -1.10%
- 5Y*
- -8.32%
- 10Y*
- -1.41%
INXG.L vs. GILI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INXG.L iShares £ Index-Linked Gilts UCITS ETF | -0.40% | 1.10% | -8.66% | 0.16% | -34.27% | 4.08% | 11.08% | 6.27% | -0.49% | 2.21% |
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | -0.14% | 1.23% | -9.36% | 0.22% | -33.81% | 3.90% | 10.51% | 6.04% | -0.74% | 1.90% |
Correlation
The correlation between INXG.L and GILI.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.89 |
The correlation between INXG.L and GILI.L has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
INXG.L vs. GILI.L — Risk / Return Rank
INXG.L
GILI.L
INXG.L vs. GILI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Index-Linked Gilts UCITS ETF (INXG.L) and Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.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.
| INXG.L | GILI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.41 | +0.07 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.91 | +0.13 |
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
| INXG.L | GILI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.30 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | -0.44 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | -0.09 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | 0.15 | -0.85 |
Drawdowns
INXG.L vs. GILI.L - Drawdown Comparison
The maximum INXG.L drawdown since its inception was -99.05%, which is greater than GILI.L's maximum drawdown of -49.28%. Use the drawdown chart below to compare losses from any high point for INXG.L and GILI.L.
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Drawdown Indicators
| INXG.L | GILI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.05% | -49.28% | -49.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.62% | -6.25% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -14.79% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -50.87% | -49.28% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -50.87% | -49.28% | -1.59% |
Current DrawdownCurrent decline from peak | -98.32% | -43.06% | -55.26% |
Average DrawdownAverage peak-to-trough decline | -97.27% | -15.42% | -81.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.83% | +0.22% |
Volatility
INXG.L vs. GILI.L - Volatility Comparison
iShares £ Index-Linked Gilts UCITS ETF (INXG.L) and Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) have volatilities of 3.75% and 3.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INXG.L | GILI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 3.78% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 6.58% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 8.68% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 18.72% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 16.44% | +1.04% |
INXG.L vs. GILI.L - Expense Ratio Comparison
INXG.L has a 0.10% expense ratio, which is higher than GILI.L's 0.07% 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
INXG.L vs. GILI.L - Dividend Comparison
INXG.L's dividend yield for the trailing twelve months is around 7.60%, more than GILI.L's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 7.60% | 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
INXG.L and GILI.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GILI.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILI.L is cheaper with a 0.07% expense ratio, compared with 0.10% for INXG.L.
INXG.L is categorized as Government Bonds, while GILI.L is Inflation-Protected Bonds. INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index, while GILI.L tracks FTSE Actuaries UK Index-Linked Gilts All Stocks. They also come from different issuers: iShares and Lyxor. Their fees differ too: 0.10% for INXG.L and 0.07% for GILI.L.
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