ITPS.L vs. IB01.L
ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both exchange-traded funds - ITPS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, ITPS.L returned 2.04%/yr vs 4.50%/yr for IB01.L. A 0.63 correlation means they provide meaningful diversification when combined. ITPS.L charges 0.12%/yr vs 0.07%/yr for IB01.L.
Performance
ITPS.L vs. IB01.L - Performance Comparison
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Different Trading Currencies
ITPS.L is traded in GBP, while IB01.L is traded in USD. To make them comparable, the IB01.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 lower than IB01.L's 1.86% 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%
IB01.L
- 1D
- 0.03%
- 1M
- 1.20%
- YTD
- 1.86%
- 6M
- 1.05%
- 1Y
- 4.99%
- 3Y*
- 2.10%
- 5Y*
- 4.50%
- 10Y*
- —
ITPS.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.91% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.86% | -3.10% | 7.09% | -0.32% | 13.10% | 0.95% | -2.08% | 0.41% |
Correlation
The correlation between ITPS.L and IB01.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.63 |
The correlation between ITPS.L and IB01.L has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
ITPS.L vs. IB01.L — Risk / Return Rank
ITPS.L
IB01.L
ITPS.L vs. IB01.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 iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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 | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.96 | +0.13 |
| Martin ratioReturn relative to average drawdown | 2.78 | 2.62 | +0.16 |
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 | IB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.75 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.53 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.26 | +0.01 |
Drawdowns
ITPS.L vs. IB01.L - Drawdown Comparison
The maximum ITPS.L drawdown since its inception was -37.27%, which is greater than IB01.L's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for ITPS.L and IB01.L.
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Drawdown Indicators
| ITPS.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.27% | -19.26% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -5.16% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -9.81% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -15.72% | -15.94% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -15.72% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | -6.05% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -9.35% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.90% | +0.16% |
Volatility
ITPS.L vs. IB01.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) is 1.70%, while iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) has a volatility of 1.80%. This indicates that ITPS.L experiences smaller price fluctuations and is considered to be less risky than IB01.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 | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.80% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.96% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 6.60% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 8.47% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 8.81% | +1.53% |
ITPS.L vs. IB01.L - Expense Ratio Comparison
ITPS.L has a 0.12% expense ratio, which is higher than IB01.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. IB01.L - Dividend Comparison
Neither ITPS.L nor IB01.L has paid dividends to shareholders.
Frequently Asked Questions
ITPS.L and IB01.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.12% for ITPS.L.
ITPS.L is categorized as Inflation-Protected Bonds, while IB01.L is Government Bonds. ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IB01.L tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.12% for ITPS.L and 0.07% for IB01.L.
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