ITPG.L vs. XG7U.L
ITPG.L (iShares $ TIPS UCITS ETF GBP Hedged (Dist)) and XG7U.L (Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged) are both Inflation-Protected Bonds funds - ITPG.L tracks the BBG US Government Inflation-Linked Bond Index (USD) while XG7U.L tracks the Bloomberg Gbl Infl Linked TR Hdg USD. Both are passively managed. Over the past 5 years, ITPG.L returned -0.13%/yr vs -0.82%/yr for XG7U.L. At a 0.31 correlation, their price movements are largely independent. ITPG.L charges 0.12%/yr vs 0.25%/yr for XG7U.L.
Performance
ITPG.L vs. XG7U.L - Performance Comparison
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Different Trading Currencies
ITPG.L is traded in GBP, while XG7U.L is traded in USD. To make them comparable, the XG7U.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 lower than XG7U.L's 1.20% 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*
- —
XG7U.L
- 1D
- 0.35%
- 1M
- -1.97%
- 6M
- -0.15%
- YTD
- 1.20%
- 1Y
- 3.02%
- 3Y*
- 1.55%
- 5Y*
- -0.82%
- 10Y*
- 1.39%
ITPG.L vs. XG7U.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% |
XG7U.L Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged | 1.20% | -2.79% | 1.29% | -1.07% | -7.22% | 6.31% | 6.09% | 4.19% | 9.59% |
Correlation
The correlation between ITPG.L and XG7U.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.31 |
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Return for Risk
ITPG.L vs. XG7U.L — Risk / Return Rank
ITPG.L
XG7U.L
ITPG.L vs. XG7U.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 Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged (XG7U.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 | XG7U.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.51 | +1.09 |
| Martin ratioReturn relative to average drawdown | 3.86 | 1.25 | +2.61 |
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Drawdowns
ITPG.L vs. XG7U.L - Drawdown Comparison
The maximum ITPG.L drawdown since its inception was -16.78%, roughly equal to the maximum XG7U.L drawdown of -17.03%. Use the drawdown chart below to compare losses from any high point for ITPG.L and XG7U.L.
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Drawdown Indicators
| ITPG.L | XG7U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -17.03% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -5.94% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -9.63% | +4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -17.03% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.03% | — |
Current DrawdownCurrent decline from peak | -3.83% | -12.26% | +8.43% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -7.97% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.42% | -1.65% |
Volatility
ITPG.L vs. XG7U.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF GBP Hedged (Dist) (ITPG.L) is 0.98%, while Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged (XG7U.L) has a volatility of 1.79%. This indicates that ITPG.L experiences smaller price fluctuations and is considered to be less risky than XG7U.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 | XG7U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.79% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 5.46% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 7.43% | -3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 10.28% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 10.63% | -4.28% |
ITPG.L vs. XG7U.L - Expense Ratio Comparison
ITPG.L has a 0.12% expense ratio, which is lower than XG7U.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. XG7U.L - Dividend Comparison
ITPG.L's dividend yield for the trailing twelve months is around 4.66%, while XG7U.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XG7U.L Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITPG.L and XG7U.L have a correlation of 0.26, 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 XG7U.L.
ITPG.L tracks BBG US Government Inflation-Linked Bond Index (USD), while XG7U.L tracks Bloomberg Gbl Infl Linked TR Hdg USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for ITPG.L and 0.25% for XG7U.L.
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