SGIL.L vs. ITPG.L
SGIL.L (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and ITPG.L (iShares $ TIPS UCITS ETF GBP Hedged (Dist)) are both Inflation-Protected Bonds funds from iShares - SGIL.L tracks the Bloomberg Gbl Infl Linked TR USD while ITPG.L tracks the BBG US Government Inflation-Linked Bond Index (USD). Both are passively managed. Over the past 5 years, SGIL.L returned -2.25%/yr vs -0.28%/yr for ITPG.L. Their 0.46 correlation means their historical movements had little consistent relationship. SGIL.L charges 0.20%/yr vs 0.12%/yr for ITPG.L.
Performance
SGIL.L vs. ITPG.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 lower than ITPG.L's 0.54% 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%
ITPG.L
- 1D
- 0.21%
- 1M
- -1.04%
- 6M
- 0.54%
- YTD
- 0.54%
- 1Y
- 2.74%
- 3Y*
- 3.11%
- 5Y*
- -0.28%
- 10Y*
- —
- ALL TIME*
- 2.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £1.01M | £952.02K | £1.41M | |
| £44.13K | £64.41K | £66.98K |
SGIL.L vs. ITPG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 3.71% |
ITPG.L iShares $ TIPS UCITS ETF GBP Hedged (Dist) | 0.54% | 6.20% | 1.89% | 2.58% | -13.77% | 6.17% | 10.05% | 6.89% | -1.16% |
Correlation
The correlation between SGIL.L and ITPG.L is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.46 |
The correlation between SGIL.L and ITPG.L shifts across timeframes, from 0.33 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGIL.L vs. ITPG.L — Risk / Return Rank
SGIL.L
ITPG.L
SGIL.L vs. ITPG.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 $ TIPS UCITS ETF GBP Hedged (Dist) (ITPG.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 | ITPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.25 | -0.45 |
| Martin ratioReturn relative to average drawdown | 1.43 | 2.95 | -1.52 |
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Drawdowns
SGIL.L vs. ITPG.L - Drawdown Comparison
The maximum SGIL.L drawdown since its inception was -20.22%, which is greater than ITPG.L's maximum drawdown of -16.78%. Use the drawdown chart below to compare losses from any high point for SGIL.L and ITPG.L.
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Drawdown Indicators
| SGIL.L | ITPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.22% | -16.78% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -1.85% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -4.35% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -16.78% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -20.22% | — | — |
Current DrawdownCurrent decline from peak | -15.70% | -4.23% | -11.47% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -5.43% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.79% | +0.99% |
Volatility
SGIL.L vs. ITPG.L - Volatility Comparison
iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) has a higher volatility of 1.27% compared to iShares $ TIPS UCITS ETF GBP Hedged (Dist) (ITPG.L) at 0.74%. This indicates that SGIL.L's price experiences larger fluctuations and is considered to be riskier than ITPG.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 | ITPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.74% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 2.84% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.34% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 6.38% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 6.35% | +2.14% |
SGIL.L vs. ITPG.L - Expense Ratio Comparison
SGIL.L has a 0.20% expense ratio, which is higher than ITPG.L's 0.12% 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. ITPG.L - Dividend Comparison
SGIL.L has not paid dividends to shareholders, while ITPG.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ITPG.L iShares $ TIPS UCITS ETF GBP Hedged (Dist) | 4.68% | 4.56% | 4.62% | 1.50% | 1.24% | 1.09% | 2.03% | 2.79% | 1.92% |
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% |
Frequently Asked Questions
SGIL.L and ITPG.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITPG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITPG.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SGIL.L.
SGIL.L tracks Bloomberg Gbl Infl Linked TR USD, while ITPG.L tracks BBG US Government Inflation-Linked Bond Index (USD). Their fees differ too: 0.20% for SGIL.L and 0.12% for ITPG.L.
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