SGIL.L vs. IBCI.L
SGIL.L (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and IBCI.L (iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc)) are both Inflation-Protected Bonds funds from iShares - SGIL.L tracks the Bloomberg Gbl Infl Linked TR USD while IBCI.L tracks the BBG Euro Government Inflation-Linked Bond Index (EUR). Both are passively managed. Over the past 10 years, SGIL.L returned 0.76%/yr vs 1.53%/yr for IBCI.L. Their 0.61 correlation means they have sometimes moved together and sometimes differently. SGIL.L charges 0.20%/yr vs 0.09%/yr for IBCI.L.
Performance
SGIL.L vs. IBCI.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGIL.L achieves a 0.31% return, which is significantly higher than IBCI.L's 0.12% return. Over the past 10 years, SGIL.L has underperformed IBCI.L with an annualized return of 0.76%, while IBCI.L has yielded a comparatively higher 1.53% annualized return.
SGIL.L
- 1D
- 0.07%
- 1M
- -1.72%
- 6M
- 0.61%
- YTD
- 0.31%
- 1Y
- 2.30%
- 3Y*
- 0.87%
- 5Y*
- -2.25%
- 10Y*
- 0.76%
- ALL TIME*
- 3.69%
IBCI.L
- 1D
- -0.07%
- 1M
- -1.75%
- 6M
- 0.03%
- YTD
- 0.12%
- 1Y
- 0.28%
- 3Y*
- 1.46%
- 5Y*
- 0.27%
- 10Y*
- 1.53%
- ALL TIME*
- 1.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £1.29M | £1.87M | £1.76M | |
| £44.13K | £64.41K | £66.98K |
SGIL.L vs. IBCI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGIL.L iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 0.31% | 1.15% | -1.43% | -0.60% | -12.55% | 4.21% | 8.42% | 4.53% | 1.56% | -1.38% |
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | 0.12% | 6.03% | -4.55% | 3.48% | -4.33% | -0.79% | 8.45% | 1.18% | -1.05% | 5.00% |
Correlation
The correlation between SGIL.L and IBCI.L is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2008 | 0.61 |
The correlation between SGIL.L and IBCI.L shifts across timeframes, from 0.55 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGIL.L vs. IBCI.L — Risk / Return Rank
SGIL.L
IBCI.L
SGIL.L vs. IBCI.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 € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.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.
| SGIL.L | IBCI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.02 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.16 | +0.64 |
| Martin ratioReturn relative to average drawdown | 1.43 | 0.34 | +1.09 |
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Drawdowns
SGIL.L vs. IBCI.L - Drawdown Comparison
The maximum SGIL.L drawdown since its inception was -20.22%, smaller than the maximum IBCI.L drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for SGIL.L and IBCI.L.
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Drawdown Indicators
| SGIL.L | IBCI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.22% | -30.47% | +10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -3.33% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -14.28% | +8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -14.28% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -20.22% | -14.53% | -5.69% |
Current DrawdownCurrent decline from peak | -15.70% | -8.40% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -10.76% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.59% | +0.19% |
Volatility
SGIL.L vs. IBCI.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) is 1.27%, while iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L) has a volatility of 1.44%. This indicates that SGIL.L experiences smaller price fluctuations and is considered to be less risky than IBCI.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 | IBCI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.44% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 3.69% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.85% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 11.48% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 11.76% | -3.27% |
SGIL.L vs. IBCI.L - Expense Ratio Comparison
SGIL.L has a 0.20% expense ratio, which is higher than IBCI.L's 0.09% 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
SGIL.L vs. IBCI.L - Dividend Comparison
Neither SGIL.L nor IBCI.L has paid dividends to shareholders.
Frequently Asked Questions
SGIL.L and IBCI.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCI.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCI.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SGIL.L.
SGIL.L tracks Bloomberg Gbl Infl Linked TR USD, while IBCI.L tracks BBG Euro Government Inflation-Linked Bond Index (EUR). Their fees differ too: 0.20% for SGIL.L and 0.09% for IBCI.L.
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