ITPS.L vs. TI5G.L
ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) and TI5G.L (iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist)) are both Inflation-Protected Bonds funds from iShares - ITPS.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while TI5G.L tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5. Both are passively managed. Over the past 5 years, ITPS.L returned 2.04%/yr vs 2.89%/yr for TI5G.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
ITPS.L vs. TI5G.L - Performance Comparison
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Returns By Period
In the year-to-date period, ITPS.L achieves a 1.40% return, which is significantly lower than TI5G.L's 2.07% 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%
TI5G.L
- 1D
- 0.04%
- 1M
- 0.09%
- YTD
- 2.07%
- 6M
- 1.98%
- 1Y
- 4.39%
- 3Y*
- 4.91%
- 5Y*
- 2.89%
- 10Y*
- —
ITPS.L vs. TI5G.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.33% | 8.24% |
TI5G.L iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | 2.07% | 5.70% | 4.60% | 3.62% | -3.69% | 5.28% | 4.05% | 3.05% | -0.77% |
Correlation
The correlation between ITPS.L and TI5G.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018 | 0.20 |
The correlation between ITPS.L and TI5G.L shifts across timeframes, from 0.15 (1 year) to 0.25 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ITPS.L vs. TI5G.L — Risk / Return Rank
ITPS.L
TI5G.L
ITPS.L vs. TI5G.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 $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.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 | TI5G.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 5.26 | -4.17 |
| Martin ratioReturn relative to average drawdown | 2.78 | 17.49 | -14.71 |
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 | TI5G.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.68 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.94 | -0.71 |
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 | 0.89 | -0.61 |
Drawdowns
ITPS.L vs. TI5G.L - Drawdown Comparison
The maximum ITPS.L drawdown since its inception was -37.27%, which is greater than TI5G.L's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for ITPS.L and TI5G.L.
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Drawdown Indicators
| ITPS.L | TI5G.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.27% | -5.63% | -31.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -0.83% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -1.55% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.72% | -5.63% | -10.09% |
Max Drawdown (10Y)Largest decline over 10 years | -15.72% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | -0.08% | -7.86% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -1.02% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.25% | +1.81% |
Volatility
ITPS.L vs. TI5G.L - Volatility Comparison
iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) has a higher volatility of 1.70% compared to iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) at 0.58%. This indicates that ITPS.L's price experiences larger fluctuations and is considered to be riskier than TI5G.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 | TI5G.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.58% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 1.69% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 2.60% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 3.08% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 3.23% | +7.11% |
ITPS.L vs. TI5G.L - Expense Ratio Comparison
Both ITPS.L and TI5G.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ITPS.L vs. TI5G.L - Dividend Comparison
ITPS.L has not paid dividends to shareholders, while TI5G.L's dividend yield for the trailing twelve months is around 5.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TI5G.L iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | 5.85% | 5.98% | 6.83% | 5.19% | 0.32% | 0.34% | 3.06% | 3.28% | 2.36% |
Frequently Asked Questions
ITPS.L and TI5G.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ITPS.L and TI5G.L have the same expense ratio: 0.12% per year.
ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while TI5G.L tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5.
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