ITPG.L vs. GILI.L
ITPG.L (iShares $ TIPS UCITS ETF GBP Hedged (Dist)) and GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) are both Inflation-Protected Bonds funds - ITPG.L tracks the BBG US Government Inflation-Linked Bond Index (USD) while GILI.L tracks the FTSE Actuaries UK Index-Linked Gilts All Stocks. Both are passively managed. Over the past 5 years, ITPG.L returned -0.13%/yr vs -8.53%/yr for GILI.L. At a 0.44 correlation, their price movements are largely independent. ITPG.L charges 0.12%/yr vs 0.07%/yr for GILI.L.
Performance
ITPG.L vs. GILI.L - Performance Comparison
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Different Trading Currencies
ITPG.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, ITPG.L achieves a 0.96% return, which is significantly higher than GILI.L's -1.15% return.
ITPG.L
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- 0.75%
- YTD
- 0.96%
- 1Y
- 2.96%
- 3Y*
- 3.32%
- 5Y*
- -0.13%
- 10Y*
- —
GILI.L
- 1D
- 0.05%
- 1M
- -1.93%
- 6M
- -2.71%
- YTD
- -1.15%
- 1Y
- 2.66%
- 3Y*
- -1.12%
- 5Y*
- -8.53%
- 10Y*
- -1.93%
ITPG.L vs. GILI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ITPG.L iShares $ TIPS UCITS ETF GBP Hedged (Dist) | 0.96% | 6.20% | 1.89% | 2.58% | -13.77% | 6.17% | 10.05% | 6.89% | -1.16% |
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | -1.15% | 1.92% | -8.80% | 0.74% | -33.55% | 4.19% | 10.82% | 6.38% | 1.73% |
Correlation
The correlation between ITPG.L and GILI.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.44 |
The correlation between ITPG.L and GILI.L has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
ITPG.L vs. GILI.L — Risk / Return Rank
ITPG.L
GILI.L
ITPG.L vs. GILI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF GBP Hedged (Dist) (ITPG.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.
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 | GILI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.42 | +1.17 |
| Martin ratioReturn relative to average drawdown | 3.86 | 0.98 | +2.87 |
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Drawdowns
ITPG.L vs. GILI.L - Drawdown Comparison
The maximum ITPG.L drawdown since its inception was -16.78%, smaller than the maximum GILI.L drawdown of -49.11%. Use the drawdown chart below to compare losses from any high point for ITPG.L and GILI.L.
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Drawdown Indicators
| ITPG.L | GILI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -49.11% | +32.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -6.25% | +4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -14.26% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -49.11% | +32.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.11% | — |
Current DrawdownCurrent decline from peak | -3.83% | -42.30% | +38.47% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -13.60% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.70% | -1.93% |
Volatility
ITPG.L vs. GILI.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF GBP Hedged (Dist) (ITPG.L) is 0.98%, while Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) has a volatility of 2.07%. This indicates that ITPG.L experiences smaller price fluctuations and is considered to be less risky than GILI.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 | GILI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.07% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 6.38% | -3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 8.51% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 18.67% | -12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 16.28% | -9.93% |
ITPG.L vs. GILI.L - Expense Ratio Comparison
ITPG.L has a 0.12% 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
ITPG.L vs. GILI.L - Dividend Comparison
ITPG.L's dividend yield for the trailing twelve months is around 4.66%, more than GILI.L's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | 0.69% | 0.68% | 0.65% | 0.50% | 0.46% | 0.29% | 0.28% | 0.33% | 0.35% | 0.38% | 0.79% |
ITPG.L iShares $ TIPS UCITS ETF GBP Hedged (Dist) | 4.66% | 4.56% | 4.62% | 1.50% | 1.24% | 1.09% | 2.03% | 2.79% | 1.92% | 0.00% | 0.00% |
Frequently Asked Questions
ITPG.L and GILI.L have a correlation of 0.44, 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 0.12% for ITPG.L.
ITPG.L tracks BBG US Government Inflation-Linked Bond Index (USD), 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: 0.12% for ITPG.L and 0.07% for GILI.L.
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