ITPA.L vs. GILE.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares $ TIPS UCITS ETF GBP (Acc) (ITPA.L) and iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L).

ITPA.L and GILE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITPA.L is a passively managed fund by iShares that tracks the performance of the BBG US Government Inflation-Linked Bond Index (USD). It was launched on Dec 8, 2006. GILE.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Infl Linked TR Hdg EUR. It was launched on Sep 22, 2017. Both ITPA.L and GILE.L 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

ITPA.L vs. GILE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares $ TIPS UCITS ETF GBP (Acc) (ITPA.L) and iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L). The values are adjusted to include any dividend payments, if applicable.

ITPA.L vs. GILE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ITPA.L iShares $ TIPS UCITS ETF GBP (Acc)	0.11%	6.54%	1.72%
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)	0.68%	7.76%	-4.15%

Different Trading Currencies

ITPA.L is traded in GBP, while GILE.L is traded in EUR. To make them comparable, the GILE.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ITPA.L achieves a 0.11% return, which is significantly lower than GILE.L's 0.68% return.

ITPA.L

• 1D: -0.07%
• 1M: -1.36%
• YTD: 0.11%
• 6M: 0.20%
• 1Y: 2.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GILE.L

• 1D: 0.63%
• 1M: -2.03%
• YTD: 0.68%
• 6M: 0.90%
• 1Y: 5.73%
• 3Y*: -0.33%
• 5Y*: -1.85%
• 10Y*: —

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

ITPA.L vs. GILE.L - Expense Ratio Comparison

ITPA.L has a 0.12% expense ratio, which is lower than GILE.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

GILE.L

iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)

ITPA.L

iShares $ TIPS UCITS ETF GBP (Acc)

Return for Risk

ITPA.L vs. GILE.L — Risk / Return Rank

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

ITPA.L

ITPA.L Risk / Return Rank: 25
ITPA.L Sharpe Ratio Rank: 27
ITPA.L Sortino Ratio Rank: 24
ITPA.L Omega Ratio Rank: 25
ITPA.L Calmar Ratio Rank: 25
ITPA.L Martin Ratio Rank: 27

GILE.L

GILE.L Risk / Return Rank: 16
GILE.L Sharpe Ratio Rank: 17
GILE.L Sortino Ratio Rank: 15
GILE.L Omega Ratio Rank: 14
GILE.L Calmar Ratio Rank: 18
GILE.L Martin Ratio Rank: 18

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.

ITPA.L vs. GILE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF GBP (Acc) (ITPA.L) and iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.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.

	ITPA.L	GILE.L	Difference
Sharpe ratio Return per unit of total volatility	0.51	0.80	-0.29
Sortino ratio Return per unit of downside risk	0.72	1.23	-0.51
Omega ratio Gain probability vs. loss probability	1.11	1.15	-0.04
Calmar ratio Return relative to maximum drawdown	0.58	1.58	-1.01
Martin ratio Return relative to average drawdown	2.15	3.82	-1.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITPA.L vs. GILE.L - Sharpe Ratio Comparison

The current ITPA.L Sharpe Ratio is 0.51, which is lower than the GILE.L Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of ITPA.L and GILE.L, 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

	ITPA.L	GILE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	0.80	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	-0.05	+0.87

Correlation

The correlation between ITPA.L and GILE.L is 0.60, 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

ITPA.L vs. GILE.L - Dividend Comparison

ITPA.L has not paid dividends to shareholders, while GILE.L's dividend yield for the trailing twelve months is around 1.07%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ITPA.L iShares $ TIPS UCITS ETF GBP (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)	1.07%	1.11%	1.05%	0.91%	0.86%	0.69%	1.12%	2.13%	0.41%

Drawdowns

ITPA.L vs. GILE.L - Drawdown Comparison

The maximum ITPA.L drawdown since its inception was -4.08%, smaller than the maximum GILE.L drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for ITPA.L and GILE.L.

Drawdown Indicators

	ITPA.L	GILE.L	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-24.70%	+20.62%
Max Drawdown (1Y) Largest decline over 1 year	-4.08%	-3.30%	-0.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.70%	—
Current Drawdown Current decline from peak	-1.36%	-18.80%	+17.44%
Average Drawdown Average peak-to-trough decline	-1.04%	-9.96%	+8.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.08%	+0.01%

Volatility

ITPA.L vs. GILE.L - Volatility Comparison

The current volatility for iShares $ TIPS UCITS ETF GBP (Acc) (ITPA.L) is 1.34%, while iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L) has a volatility of 2.39%. This indicates that ITPA.L experiences smaller price fluctuations and is considered to be less risky than GILE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITPA.L	GILE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	2.39%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	4.15%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	5.13%	7.11%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.03%	9.02%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.03%	9.36%	-4.33%