SGIL.L vs. ITPS.L
SGIL.L (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) are both Inflation-Protected Bonds funds from iShares - SGIL.L tracks the Bloomberg Gbl Infl Linked TR USD while ITPS.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, SGIL.L returned 1.78%/yr vs 3.38%/yr for ITPS.L. A 0.76 correlation means they provide meaningful diversification when combined. SGIL.L charges 0.20%/yr vs 0.12%/yr for ITPS.L.
Performance
SGIL.L vs. ITPS.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 ITPS.L's 1.40% return. Over the past 10 years, SGIL.L has underperformed ITPS.L with an annualized return of 1.78%, while ITPS.L has yielded a comparatively higher 3.38% 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%
ITPS.L
- 1D
- 0.07%
- 1M
- 0.85%
- YTD
- 1.40%
- 6M
- 0.52%
- 1Y
- 5.75%
- 3Y*
- 1.16%
- 5Y*
- 2.04%
- 10Y*
- 3.38%
SGIL.L vs. ITPS.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% |
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.33% | 4.25% | -6.03% |
Correlation
The correlation between SGIL.L and ITPS.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2008 | 0.76 |
The correlation between SGIL.L and ITPS.L shifts across timeframes, from 0.64 (1 year) to 0.80 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGIL.L vs. ITPS.L — Risk / Return Rank
SGIL.L
ITPS.L
SGIL.L vs. ITPS.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 USD (Acc) (ITPS.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 | ITPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.09 | +0.47 |
| Martin ratioReturn relative to average drawdown | 3.06 | 2.78 | +0.29 |
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 | ITPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.91 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.23 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.33 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.28 | +0.13 |
Drawdowns
SGIL.L vs. ITPS.L - Drawdown Comparison
The maximum SGIL.L drawdown since its inception was -20.23%, smaller than the maximum ITPS.L drawdown of -37.27%. Use the drawdown chart below to compare losses from any high point for SGIL.L and ITPS.L.
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Drawdown Indicators
| SGIL.L | ITPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -37.27% | +17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -5.26% | +2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -7.85% | +2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.23% | -15.72% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -20.23% | -15.72% | -4.51% |
Current DrawdownCurrent decline from peak | -15.00% | -7.94% | -7.06% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -10.69% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.06% | -0.44% |
Volatility
SGIL.L vs. ITPS.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) is 1.13%, while iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) has a volatility of 1.70%. This indicates that SGIL.L experiences smaller price fluctuations and is considered to be less risky than ITPS.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 | ITPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.70% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 4.63% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 6.30% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 8.76% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.97% | 10.34% | -1.37% |
SGIL.L vs. ITPS.L - Expense Ratio Comparison
SGIL.L has a 0.20% expense ratio, which is higher than ITPS.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. ITPS.L - Dividend Comparison
Neither SGIL.L nor ITPS.L has paid dividends to shareholders.
Frequently Asked Questions
SGIL.L and ITPS.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITPS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITPS.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 ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.20% for SGIL.L and 0.12% for ITPS.L.
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