SGIL.L vs. GILG.L
SGIL.L (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and GILG.L (iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)) are both Inflation-Protected Bonds funds from iShares - SGIL.L tracks the Bloomberg Gbl Infl Linked TR USD while GILG.L tracks the Bloomberg Gbl Infl Linked TR Hdg GBP. Both are passively managed. Over the past 5 years, SGIL.L returned -1.24%/yr vs -1.48%/yr for GILG.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SGIL.L vs. GILG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGIL.L achieves a 1.14% return, which is significantly lower than GILG.L's 1.51% return.
SGIL.L
- 1D
- 0.01%
- 1M
- 0.35%
- YTD
- 1.14%
- 6M
- 0.44%
- 1Y
- 4.97%
- 3Y*
- 0.67%
- 5Y*
- -1.24%
- 10Y*
- 1.78%
GILG.L
- 1D
- 0.09%
- 1M
- 0.46%
- YTD
- 1.51%
- 6M
- 1.28%
- 1Y
- 4.17%
- 3Y*
- 2.43%
- 5Y*
- -1.48%
- 10Y*
- —
SGIL.L vs. GILG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGIL.L iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 1.14% | 1.15% | -1.44% | -0.60% | -12.55% | 4.21% | 0.60% |
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 1.51% | 4.23% | -0.86% | 3.12% | -18.45% | 5.19% | 2.37% |
Correlation
The correlation between SGIL.L and GILG.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.69 |
Over the past year, the correlation between SGIL.L and GILG.L has dropped to 0.39 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
SGIL.L vs. GILG.L — Risk / Return Rank
SGIL.L
GILG.L
SGIL.L vs. GILG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) and iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.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.
| SGIL.L | GILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.71 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.06 | 4.72 | -1.65 |
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
| SGIL.L | GILG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.86 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.19 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.12 | +0.53 |
Drawdowns
SGIL.L vs. GILG.L - Drawdown Comparison
The maximum SGIL.L drawdown since its inception was -20.23%, smaller than the maximum GILG.L drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for SGIL.L and GILG.L.
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Drawdown Indicators
| SGIL.L | GILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -24.23% | +4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -2.43% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -5.52% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.23% | -24.23% | +4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -20.23% | — | — |
Current DrawdownCurrent decline from peak | -15.00% | -13.44% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -13.12% | +6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 0.88% | +0.74% |
Volatility
SGIL.L vs. GILG.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) is 1.13%, while iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) has a volatility of 1.48%. This indicates that SGIL.L experiences smaller price fluctuations and is considered to be less risky than GILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGIL.L | GILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.48% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 3.40% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 4.84% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 7.79% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.97% | 7.54% | +1.43% |
SGIL.L vs. GILG.L - Expense Ratio Comparison
Both SGIL.L and GILG.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SGIL.L vs. GILG.L - Dividend Comparison
SGIL.L has not paid dividends to shareholders, while GILG.L's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 0.98% | 0.96% | 0.87% | 0.79% | 0.72% | 0.50% |
SGIL.L iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGIL.L and GILG.L have a correlation of 0.39, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SGIL.L and GILG.L have the same expense ratio: 0.20% per year.
SGIL.L tracks Bloomberg Gbl Infl Linked TR USD, while GILG.L tracks Bloomberg Gbl Infl Linked TR Hdg GBP.
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