ITPS.L vs. VEUR.L
ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) and VEUR.L (Vanguard FTSE Developed Europe UCITS ETF Distributing) are both exchange-traded funds - ITPS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while VEUR.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, ITPS.L returned 2.02%/yr vs 10.16%/yr for VEUR.L. At a 0.05 correlation, their price movements are largely independent. ITPS.L charges 0.12%/yr vs 0.10%/yr for VEUR.L.
Performance
ITPS.L vs. VEUR.L - Performance Comparison
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Returns By Period
In the year-to-date period, ITPS.L achieves a 1.72% return, which is significantly lower than VEUR.L's 10.05% return. Over the past 10 years, ITPS.L has underperformed VEUR.L with an annualized return of 2.02%, while VEUR.L has yielded a comparatively higher 10.16% annualized return.
ITPS.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.17%
- YTD
- 1.72%
- 1Y
- 5.67%
- 3Y*
- 2.79%
- 5Y*
- 1.24%
- 10Y*
- 2.02%
VEUR.L
- 1D
- -0.56%
- 1M
- 3.73%
- 6M
- 8.79%
- YTD
- 10.05%
- 1Y
- 22.46%
- 3Y*
- 16.75%
- 5Y*
- 10.48%
- 10Y*
- 10.16%
ITPS.L vs. VEUR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.72% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.33% | 4.25% | -6.03% |
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing | 10.05% | 26.03% | 4.43% | 13.50% | -4.33% | 16.97% | 2.78% | 19.66% | -9.52% | 15.34% |
Correlation
The correlation between ITPS.L and VEUR.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.05 |
The correlation between ITPS.L and VEUR.L shifts across timeframes, from -0.13 (5 years) to 0.06 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ITPS.L vs. VEUR.L — Risk / Return Rank
ITPS.L
VEUR.L
ITPS.L vs. VEUR.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 Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ITPS.L | VEUR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.11 | -1.04 |
| Martin ratioReturn relative to average drawdown | 2.72 | 7.54 | -4.83 |
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Drawdowns
ITPS.L vs. VEUR.L - Drawdown Comparison
The maximum ITPS.L drawdown since its inception was -99.43%, which is greater than VEUR.L's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for ITPS.L and VEUR.L.
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Drawdown Indicators
| ITPS.L | VEUR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.43% | -28.58% | -70.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -10.60% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -20.71% | -12.70% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.63% | -16.38% | -9.25% |
Max Drawdown (10Y)Largest decline over 10 years | -25.63% | -28.58% | +2.95% |
Current DrawdownCurrent decline from peak | -98.77% | -0.56% | -98.21% |
Average DrawdownAverage peak-to-trough decline | -93.90% | -4.12% | -89.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 2.97% | -0.89% |
Volatility
ITPS.L vs. VEUR.L - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) is 1.62%, while Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) has a volatility of 3.12%. This indicates that ITPS.L experiences smaller price fluctuations and is considered to be less risky than VEUR.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 | VEUR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 3.12% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 10.35% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 12.10% | -5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.81% | 13.78% | +7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 14.85% | +1.66% |
ITPS.L vs. VEUR.L - Expense Ratio Comparison
ITPS.L has a 0.12% expense ratio, which is higher than VEUR.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. VEUR.L - Dividend Comparison
ITPS.L has not paid dividends to shareholders, while VEUR.L's dividend yield for the trailing twelve months is around 2.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.61% | 2.75% | 3.10% | 2.96% | 3.19% | 2.71% | 2.26% | 3.37% | 3.56% | 3.01% | 3.01% | 3.06% |
Frequently Asked Questions
ITPS.L and VEUR.L have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.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 VEUR.L is Europe Equities. ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while VEUR.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for ITPS.L and 0.10% for VEUR.L.
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