ITPS.L vs. TP05.L
ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) and TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) are both Inflation-Protected Bonds funds from iShares tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, ITPS.L returned 2.04%/yr vs 0.21%/yr for TP05.L. Their correlation of 0.87 suggests significant overlap in exposure. ITPS.L charges 0.12%/yr vs 0.10%/yr for TP05.L.
Performance
ITPS.L vs. TP05.L - Performance Comparison
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Different Trading Currencies
ITPS.L is traded in GBP, while TP05.L is traded in GBp. To make them comparable, the TP05.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 TP05.L's -0.38% 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%
TP05.L
- 1D
- -0.05%
- 1M
- -1.67%
- YTD
- -0.38%
- 6M
- -1.26%
- 1Y
- -0.27%
- 3Y*
- -3.94%
- 5Y*
- 0.21%
- 10Y*
- —
ITPS.L vs. TP05.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% | -2.40% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | -0.38% | -6.85% | -0.44% | -6.21% | 8.40% | 6.35% | -1.65% | -1.59% | 3.26% | -4.52% |
Correlation
The correlation between ITPS.L and TP05.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.87 |
The correlation between ITPS.L and TP05.L has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
ITPS.L vs. TP05.L — Risk / Return Rank
ITPS.L
TP05.L
ITPS.L vs. TP05.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 TIPS 0-5 UCITS ETF USD (Dist) (TP05.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 | TP05.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | -0.03 | +1.12 |
| Martin ratioReturn relative to average drawdown | 2.78 | -0.07 | +2.85 |
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 | TP05.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | -0.03 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.02 | +0.21 |
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 | -0.06 | +0.34 |
Drawdowns
ITPS.L vs. TP05.L - Drawdown Comparison
The maximum ITPS.L drawdown since its inception was -37.27%, which is greater than TP05.L's maximum drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for ITPS.L and TP05.L.
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Drawdown Indicators
| ITPS.L | TP05.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.27% | -23.61% | -13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -7.76% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -15.39% | +7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.72% | -23.61% | +7.89% |
Max Drawdown (10Y)Largest decline over 10 years | -15.72% | — | — |
Current DrawdownCurrent decline from peak | -7.94% | -22.31% | +14.37% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -10.24% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.88% | -1.82% |
Volatility
ITPS.L vs. TP05.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) is 1.70%, while iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) has a volatility of 3.02%. This indicates that ITPS.L experiences smaller price fluctuations and is considered to be less risky than TP05.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 | TP05.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.02% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 5.23% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 7.68% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 8.80% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.34% | 8.99% | +1.35% |
ITPS.L vs. TP05.L - Expense Ratio Comparison
ITPS.L has a 0.12% expense ratio, which is higher than TP05.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. TP05.L - Dividend Comparison
ITPS.L has not paid dividends to shareholders, while TP05.L's dividend yield for the trailing twelve months is around 0.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 0.06% | 0.06% | 0.07% | 0.05% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.01% |
Frequently Asked Questions
ITPS.L and TP05.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TP05.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TP05.L is cheaper with a 0.10% expense ratio, compared with 0.12% for ITPS.L.
Both ETFs track Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.12% for ITPS.L and 0.10% for TP05.L.
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