ITPS.L vs. GILI.L
ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) and GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) are both Inflation-Protected Bonds funds - ITPS.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while GILI.L tracks the FTSE Actuaries UK Index-Linked Gilts All Stocks. Both are passively managed. Over the past 10 years, ITPS.L returned 3.38%/yr vs -1.42%/yr for GILI.L. At a 0.30 correlation, their price movements are largely independent. ITPS.L charges 0.12%/yr vs 0.07%/yr for GILI.L.
Performance
ITPS.L vs. GILI.L - Performance Comparison
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Different Trading Currencies
ITPS.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, ITPS.L achieves a 1.40% return, which is significantly higher than GILI.L's -0.12% return. Over the past 10 years, ITPS.L has outperformed GILI.L with an annualized return of 3.38%, while GILI.L has yielded a comparatively lower -1.42% annualized return.
ITPS.L
- 1D
- 0.07%
- 1M
- 0.85%
- YTD
- 1.40%
- 6M
- 0.52%
- 1Y
- 5.75%
- 3Y*
- 1.16%
- 5Y*
- 2.04%
- 10Y*
- 3.38%
GILI.L
- 1D
- 0.01%
- 1M
- 0.91%
- YTD
- -0.12%
- 6M
- -1.39%
- 1Y
- 2.44%
- 3Y*
- -1.24%
- 5Y*
- -8.32%
- 10Y*
- -1.42%
ITPS.L vs. GILI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.33% | 4.25% | -6.03% |
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | -0.12% | 1.23% | -9.36% | 0.22% | -33.81% | 3.90% | 10.51% | 6.04% | -0.74% | 1.90% |
Correlation
The correlation between ITPS.L and GILI.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.30 |
Over the past year, the correlation between ITPS.L and GILI.L has dropped to 0.01 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
ITPS.L vs. GILI.L — Risk / Return Rank
ITPS.L
GILI.L
ITPS.L vs. GILI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF USD (Acc) (ITPS.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.
| ITPS.L | GILI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.05 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.39 | +0.70 |
| Martin ratioReturn relative to average drawdown | 2.78 | 0.86 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ITPS.L | GILI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.28 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | -0.44 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | -0.09 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.15 | +0.13 |
Drawdowns
ITPS.L vs. GILI.L - Drawdown Comparison
The maximum ITPS.L drawdown since its inception was -37.27%, smaller than the maximum GILI.L drawdown of -49.28%. Use the drawdown chart below to compare losses from any high point for ITPS.L and GILI.L.
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Drawdown Indicators
| ITPS.L | GILI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.27% | -49.28% | +12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -6.25% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -14.79% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.72% | -49.28% | +33.56% |
Max Drawdown (10Y)Largest decline over 10 years | -15.72% | -49.28% | +33.56% |
Current DrawdownCurrent decline from peak | -7.94% | -43.05% | +35.11% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -15.42% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.84% | -0.78% |
Volatility
ITPS.L vs. GILI.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) is 1.70%, while Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) has a volatility of 3.56%. This indicates that ITPS.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
| ITPS.L | GILI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.56% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 6.56% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 8.67% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 18.72% | -9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 16.44% | -6.10% |
ITPS.L vs. GILI.L - Expense Ratio Comparison
ITPS.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
ITPS.L vs. GILI.L - Dividend Comparison
ITPS.L has not paid dividends to shareholders, while GILI.L's dividend yield for the trailing twelve months is around 0.01%.
Frequently Asked Questions
ITPS.L and GILI.L have a correlation of 0.01, 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 ITPS.L.
ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR 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 ITPS.L and 0.07% for GILI.L.
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