SGIL.L vs. INXG.L
SGIL.L (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and INXG.L (iShares £ Index-Linked Gilts UCITS ETF) are both exchange-traded funds - SGIL.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked TR USD, while INXG.L is a Government Bonds fund tracking the Bloomberg UK Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, SGIL.L returned 1.78%/yr vs -1.18%/yr for INXG.L. A 0.62 correlation means they provide meaningful diversification when combined. SGIL.L charges 0.20%/yr vs 0.10%/yr for INXG.L.
Performance
SGIL.L vs. INXG.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 higher than INXG.L's 0.04% return. Over the past 10 years, SGIL.L has outperformed INXG.L with an annualized return of 1.78%, while INXG.L has yielded a comparatively lower -1.18% annualized 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%
INXG.L
- 1D
- 0.44%
- 1M
- 1.08%
- YTD
- 0.04%
- 6M
- -0.73%
- 1Y
- 3.31%
- 3Y*
- -0.63%
- 5Y*
- -8.26%
- 10Y*
- -1.18%
SGIL.L vs. INXG.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) | 1.14% | 1.15% | -1.44% | -0.60% | -12.55% | 4.21% | 8.42% | 4.53% | 1.56% | -1.38% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 0.04% | 1.10% | -8.66% | 0.16% | -34.27% | 4.08% | 11.08% | 6.27% | -0.49% | 2.21% |
Correlation
The correlation between SGIL.L and INXG.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2008 | 0.62 |
Over the past year, the correlation between SGIL.L and INXG.L has dropped to 0.41 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
SGIL.L vs. INXG.L — Risk / Return Rank
SGIL.L
INXG.L
SGIL.L vs. INXG.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 £ Index-Linked Gilts UCITS ETF (INXG.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 | INXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.50 | +1.06 |
| Martin ratioReturn relative to average drawdown | 3.06 | 1.08 | +1.98 |
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 | INXG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.33 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.41 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | -0.07 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.71 | +1.12 |
Drawdowns
SGIL.L vs. INXG.L - Drawdown Comparison
The maximum SGIL.L drawdown since its inception was -20.23%, smaller than the maximum INXG.L drawdown of -99.05%. Use the drawdown chart below to compare losses from any high point for SGIL.L and INXG.L.
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Drawdown Indicators
| SGIL.L | INXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -99.05% | +78.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -6.62% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -15.04% | +9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.23% | -50.87% | +30.64% |
Max Drawdown (10Y)Largest decline over 10 years | -20.23% | -50.87% | +30.64% |
Current DrawdownCurrent decline from peak | -15.00% | -98.31% | +83.31% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -97.27% | +90.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 3.06% | -1.44% |
Volatility
SGIL.L vs. INXG.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) is 1.13%, while iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a volatility of 3.49%. This indicates that SGIL.L experiences smaller price fluctuations and is considered to be less risky than INXG.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 | INXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 3.49% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 7.26% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 9.89% | -4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 20.07% | -11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.97% | 17.47% | -8.50% |
SGIL.L vs. INXG.L - Expense Ratio Comparison
SGIL.L has a 0.20% expense ratio, which is higher than INXG.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
SGIL.L vs. INXG.L - Dividend Comparison
SGIL.L has not paid dividends to shareholders, while INXG.L's dividend yield for the trailing twelve months is around 7.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 7.56% | 7.23% | 5.77% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% |
SGIL.L iShares Global Inflation Linked Government Bond 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% |
Frequently Asked Questions
SGIL.L and INXG.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INXG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INXG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for SGIL.L.
SGIL.L is categorized as Inflation-Protected Bonds, while INXG.L is Government Bonds. SGIL.L tracks Bloomberg Gbl Infl Linked TR USD, while INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index. Their fees differ too: 0.20% for SGIL.L and 0.10% for INXG.L.
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