ITPG.L vs. GAGG.L
ITPG.L (iShares $ TIPS UCITS ETF) and GAGG.L (Amundi Index Barclays Global Agg 500M) are both Global Bonds funds - ITPG.L tracks the iShares $ TIPS UCITS ETF while GAGG.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, ITPG.L returned -0.14%/yr vs -1.47%/yr for GAGG.L. At a 0.24 correlation, their price movements are largely independent. ITPG.L charges 0.12%/yr vs 0.03%/yr for GAGG.L.
Performance
ITPG.L vs. GAGG.L - Performance Comparison
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Different Trading Currencies
ITPG.L is traded in GBP, while GAGG.L is traded in GBp. To make them comparable, the GAGG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITPG.L achieves a 0.91% return, which is significantly higher than GAGG.L's -1.00% return.
ITPG.L
- 1D
- -0.05%
- 1M
- -0.47%
- 6M
- 0.29%
- YTD
- 0.91%
- 1Y
- 3.55%
- 3Y*
- 3.38%
- 5Y*
- -0.14%
- 10Y*
- —
GAGG.L
- 1D
- -0.64%
- 1M
- -1.27%
- 6M
- -0.88%
- YTD
- -1.00%
- 1Y
- 0.92%
- 3Y*
- 1.62%
- 5Y*
- -1.47%
- 10Y*
- —
ITPG.L vs. GAGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ITPG.L iShares $ TIPS UCITS ETF | 0.91% | 6.20% | 1.89% | 2.58% | -13.77% | 6.17% | 10.05% | 6.89% | -1.16% |
GAGG.L Amundi Index Barclays Global Agg 500M | -1.00% | 0.42% | 0.19% | -0.73% | -5.96% | -3.91% | 5.63% | 2.75% | 9.31% |
Correlation
The correlation between ITPG.L and GAGG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.24 |
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Return for Risk
ITPG.L vs. GAGG.L — Risk / Return Rank
ITPG.L
GAGG.L
ITPG.L vs. GAGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF (ITPG.L) and Amundi Index Barclays Global Agg 500M (GAGG.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.
| ITPG.L | GAGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.04 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.25 | +1.66 |
| Martin ratioReturn relative to average drawdown | 4.63 | 0.49 | +4.14 |
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Drawdowns
ITPG.L vs. GAGG.L - Drawdown Comparison
The maximum ITPG.L drawdown since its inception was -16.78%, smaller than the maximum GAGG.L drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for ITPG.L and GAGG.L.
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Drawdown Indicators
| ITPG.L | GAGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -21.52% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -3.67% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -4.94% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -14.17% | -2.61% |
Current DrawdownCurrent decline from peak | -3.88% | -16.82% | +12.94% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -13.52% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.88% | -1.12% |
Volatility
ITPG.L vs. GAGG.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF (ITPG.L) is 1.00%, while Amundi Index Barclays Global Agg 500M (GAGG.L) has a volatility of 1.49%. This indicates that ITPG.L experiences smaller price fluctuations and is considered to be less risky than GAGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITPG.L | GAGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.49% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.34% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 4.48% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.55% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 7.97% | -1.61% |
ITPG.L vs. GAGG.L - Expense Ratio Comparison
ITPG.L has a 0.12% expense ratio, which is higher than GAGG.L's 0.03% 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
ITPG.L vs. GAGG.L - Dividend Comparison
ITPG.L's dividend yield for the trailing twelve months is around 4.66%, while GAGG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GAGG.L Amundi Index Barclays Global Agg 500M | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITPG.L iShares $ TIPS UCITS ETF | 4.66% | 4.56% | 4.62% | 1.50% | 1.24% | 1.09% | 2.03% | 2.79% | 1.92% |
Frequently Asked Questions
ITPG.L and GAGG.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAGG.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAGG.L is cheaper with a 0.03% expense ratio, compared with 0.12% for ITPG.L.
ITPG.L tracks iShares $ TIPS UCITS ETF, while GAGG.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for ITPG.L and 0.03% for GAGG.L.
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