ITPS.L vs. TIGB.L
ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) and TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) are both exchange-traded funds - ITPS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 3 years, ITPS.L returned 1.16%/yr vs 4.48%/yr for TIGB.L. At a 0.07 correlation, their price movements are largely independent. ITPS.L charges 0.12%/yr vs 0.10%/yr for TIGB.L.
Performance
ITPS.L vs. TIGB.L - Performance Comparison
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Different Trading Currencies
ITPS.L is traded in GBP, while TIGB.L is traded in GBp. To make them comparable, the TIGB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ITPS.L having a 1.40% return and TIGB.L slightly higher at 1.42%.
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%
TIGB.L
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.78%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
ITPS.L vs. TIGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | 2.30% |
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 1.42% | 4.10% | 4.94% | 4.27% | 0.03% |
Correlation
The correlation between ITPS.L and TIGB.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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.07 |
The correlation between ITPS.L and TIGB.L shifts across timeframes, from -0.01 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ITPS.L vs. TIGB.L — Risk / Return Rank
ITPS.L
TIGB.L
ITPS.L vs. TIGB.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 Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.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 | TIGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.72 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 2.34 | -1.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 12.51 | -11.42 |
| Martin ratioReturn relative to average drawdown | 2.78 | 73.64 | -70.86 |
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 | TIGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 3.87 | -2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
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 | 5.48 | -5.20 |
Drawdowns
ITPS.L vs. TIGB.L - Drawdown Comparison
The maximum ITPS.L drawdown since its inception was -37.27%, which is greater than TIGB.L's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for ITPS.L and TIGB.L.
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Drawdown Indicators
| ITPS.L | TIGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.27% | -0.50% | -36.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -0.30% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -0.30% | -7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -15.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.72% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | 0.00% | -7.94% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -0.03% | -10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.05% | +2.01% |
Volatility
ITPS.L vs. TIGB.L - Volatility Comparison
iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) has a higher volatility of 1.70% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) at 0.45%. This indicates that ITPS.L's price experiences larger fluctuations and is considered to be riskier than TIGB.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 | TIGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.45% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 0.71% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 0.97% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 0.74% | +8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 0.74% | +9.60% |
ITPS.L vs. TIGB.L - Expense Ratio Comparison
ITPS.L has a 0.12% expense ratio, which is higher than TIGB.L's 0.10% 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. TIGB.L - Dividend Comparison
ITPS.L has not paid dividends to shareholders, while TIGB.L's dividend yield for the trailing twelve months is around 3.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 3.92% | 4.11% | 4.93% | 4.53% | 1.46% |
Frequently Asked Questions
ITPS.L and TIGB.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, TIGB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIGB.L is cheaper with a 0.10% expense ratio, compared with 0.12% for ITPS.L.
ITPS.L is categorized as Inflation-Protected Bonds, while TIGB.L is Short-Term Bond. ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while TIGB.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for ITPS.L and 0.10% for TIGB.L.
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