ITPS.L vs. IGIL.L
ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) and IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) are both Inflation-Protected Bonds funds from iShares - ITPS.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while IGIL.L tracks the Bloomberg World Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, ITPS.L returned 3.38%/yr vs 1.78%/yr for IGIL.L. A 0.54 correlation means they provide meaningful diversification when combined. ITPS.L charges 0.12%/yr vs 0.20%/yr for IGIL.L.
Performance
ITPS.L vs. IGIL.L - Performance Comparison
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Different Trading Currencies
ITPS.L is traded in GBP, while IGIL.L is traded in USD. To make them comparable, the IGIL.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ITPS.L having a 1.40% return and IGIL.L slightly lower at 1.38%. Over the past 10 years, ITPS.L has outperformed IGIL.L with an annualized return of 3.38%, while IGIL.L has yielded a comparatively lower 1.78% 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%
IGIL.L
- 1D
- 0.08%
- 1M
- 0.64%
- YTD
- 1.38%
- 6M
- 0.32%
- 1Y
- 4.81%
- 3Y*
- 0.68%
- 5Y*
- -1.21%
- 10Y*
- 1.78%
ITPS.L vs. IGIL.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% |
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 1.38% | 0.72% | -1.23% | -0.17% | -12.55% | 3.91% | 8.92% | 3.71% | 1.68% | -0.94% |
Correlation
The correlation between ITPS.L and IGIL.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2008 | 0.54 |
The correlation between ITPS.L and IGIL.L shifts across timeframes, from 0.35 (1 year) to 0.59 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ITPS.L vs. IGIL.L — Risk / Return Rank
ITPS.L
IGIL.L
ITPS.L vs. IGIL.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 Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.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 | IGIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.28 | -0.19 |
| Martin ratioReturn relative to average drawdown | 2.78 | 2.93 | -0.15 |
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 | IGIL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.79 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | -0.13 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.18 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.40 | -0.12 |
Drawdowns
ITPS.L vs. IGIL.L - Drawdown Comparison
The maximum ITPS.L drawdown since its inception was -37.27%, which is greater than IGIL.L's maximum drawdown of -20.30%. Use the drawdown chart below to compare losses from any high point for ITPS.L and IGIL.L.
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Drawdown Indicators
| ITPS.L | IGIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.27% | -20.30% | -16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -3.74% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -5.89% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -15.72% | -20.30% | +4.58% |
Max Drawdown (10Y)Largest decline over 10 years | -15.72% | -20.30% | +4.58% |
Current DrawdownCurrent decline from peak | -7.94% | -14.84% | +6.90% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -7.16% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.64% | +0.42% |
Volatility
ITPS.L vs. IGIL.L - Volatility Comparison
iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) has a higher volatility of 1.70% compared to iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) at 1.61%. This indicates that ITPS.L's price experiences larger fluctuations and is considered to be riskier than IGIL.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 | IGIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.61% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.98% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 6.07% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 9.34% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 10.00% | +0.34% |
ITPS.L vs. IGIL.L - Expense Ratio Comparison
ITPS.L has a 0.12% expense ratio, which is lower than IGIL.L's 0.20% 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
ITPS.L vs. IGIL.L - Dividend Comparison
Neither ITPS.L nor IGIL.L has paid dividends to shareholders.
Frequently Asked Questions
ITPS.L and IGIL.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITPS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITPS.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IGIL.L.
ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index. Their fees differ too: 0.12% for ITPS.L and 0.20% for IGIL.L.
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