ITPG.L vs. IRCP.L
ITPG.L (iShares $ TIPS UCITS ETF) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - ITPG.L tracks the iShares $ TIPS UCITS ETF while IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, ITPG.L returned -0.14%/yr vs 2.50%/yr for IRCP.L. At a correlation of -0.02, they often move in opposite directions. ITPG.L charges 0.12%/yr vs 0.25%/yr for IRCP.L.
Performance
ITPG.L vs. IRCP.L - Performance Comparison
Loading charts...
Different Trading Currencies
ITPG.L is traded in GBP, while IRCP.L is traded in EUR. To make them comparable, the IRCP.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 IRCP.L's -1.35% 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*
- —
IRCP.L
- 1D
- 0.00%
- 1M
- -1.86%
- 6M
- -0.68%
- YTD
- -1.35%
- 1Y
- 0.73%
- 3Y*
- 4.72%
- 5Y*
- 2.50%
- 10Y*
- 1.73%
ITPG.L vs. IRCP.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% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | -1.35% | 9.79% | 1.63% | 3.04% | 2.28% | -6.16% | 6.54% | -1.90% | -3.19% |
Correlation
The correlation between ITPG.L and IRCP.L is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ITPG.L vs. IRCP.L — Risk / Return Rank
ITPG.L
IRCP.L
ITPG.L vs. IRCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF (ITPG.L) and iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.32 | +1.59 |
| Martin ratioReturn relative to average drawdown | 4.63 | 0.87 | +3.76 |
Loading charts...
Drawdowns
ITPG.L vs. IRCP.L - Drawdown Comparison
The maximum ITPG.L drawdown since its inception was -16.78%, smaller than the maximum IRCP.L drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for ITPG.L and IRCP.L.
Loading charts...
Drawdown Indicators
| ITPG.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -19.15% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -2.41% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -2.41% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -8.09% | -8.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -3.88% | -2.41% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -5.61% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.87% | -0.11% |
Volatility
ITPG.L vs. IRCP.L - Volatility Comparison
iShares $ TIPS UCITS ETF (ITPG.L) and iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) have volatilities of 1.00% and 1.05%, 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.
Loading charts...
Volatility by Period
| ITPG.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.05% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.47% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 4.62% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.05% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 7.09% | -0.73% |
ITPG.L vs. IRCP.L - Expense Ratio Comparison
ITPG.L has a 0.12% expense ratio, which is lower than IRCP.L's 0.25% 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%.
Dividends
ITPG.L vs. IRCP.L - Dividend Comparison
ITPG.L's dividend yield for the trailing twelve months is around 4.66%, more than IRCP.L's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
ITPG.L iShares $ TIPS UCITS ETF | 4.66% | 4.56% | 4.62% | 1.50% | 1.24% | 1.09% | 2.03% | 2.79% | 1.92% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITPG.L and IRCP.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITPG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITPG.L is cheaper with a 0.12% expense ratio, compared with 0.25% for IRCP.L.
ITPG.L tracks iShares $ TIPS UCITS ETF, while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Their fees differ too: 0.12% for ITPG.L and 0.25% for IRCP.L.
Find the right allocation for ITPG.L and IRCP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer