SGIL.L vs. UTIP.L
SGIL.L (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) are both Inflation-Protected Bonds funds - SGIL.L tracks the Bloomberg Gbl Infl Linked TR USD while UTIP.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, SGIL.L returned 0.54%/yr vs 2.15%/yr for UTIP.L. Their correlation of 0.80 suggests significant overlap in exposure. SGIL.L charges 0.20%/yr vs 0.17%/yr for UTIP.L.
Performance
SGIL.L vs. UTIP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGIL.L achieves a 0.87% return, which is significantly lower than UTIP.L's 1.62% return. Over the past 10 years, SGIL.L has underperformed UTIP.L with an annualized return of 0.54%, while UTIP.L has yielded a comparatively higher 2.15% annualized return.
SGIL.L
- 1D
- -0.04%
- 1M
- -0.20%
- 6M
- 1.54%
- YTD
- 0.87%
- 1Y
- 3.67%
- 3Y*
- 1.76%
- 5Y*
- -1.80%
- 10Y*
- 0.54%
UTIP.L
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 2.23%
- YTD
- 1.62%
- 1Y
- 5.79%
- 3Y*
- 2.73%
- 5Y*
- 1.15%
- 10Y*
- 2.15%
SGIL.L vs. UTIP.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) | 0.87% | 1.15% | -1.43% | -0.60% | -12.55% | 4.21% | 8.42% | 4.53% | 1.56% | -1.38% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 1.62% | -0.43% | 3.62% | -2.21% | -2.41% | 7.59% | 7.22% | 5.24% | 5.31% | -5.38% |
Correlation
The correlation between SGIL.L and UTIP.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
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 Dec 4, 2015 | 0.80 |
The correlation between SGIL.L and UTIP.L shifts across timeframes, from 0.66 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SGIL.L vs. UTIP.L — Risk / Return Rank
SGIL.L
UTIP.L
SGIL.L vs. UTIP.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 SPDR Bloomberg US TIPS UCITS ETF (UTIP.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 | UTIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.07 | +0.08 |
| Martin ratioReturn relative to average drawdown | 2.20 | 2.68 | -0.48 |
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Drawdowns
SGIL.L vs. UTIP.L - Drawdown Comparison
The maximum SGIL.L drawdown since its inception was -20.22%, which is greater than UTIP.L's maximum drawdown of -15.81%. Use the drawdown chart below to compare losses from any high point for SGIL.L and UTIP.L.
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Drawdown Indicators
| SGIL.L | UTIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.22% | -15.81% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -5.38% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -8.30% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -15.81% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -20.22% | -15.81% | -4.41% |
Current DrawdownCurrent decline from peak | -15.22% | -7.94% | -7.28% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -6.83% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.16% | -0.50% |
Volatility
SGIL.L vs. UTIP.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) is 1.17%, while SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) has a volatility of 1.56%. This indicates that SGIL.L experiences smaller price fluctuations and is considered to be less risky than UTIP.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 | UTIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.56% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 4.53% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 6.37% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 8.77% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.53% | 9.40% | -0.87% |
SGIL.L vs. UTIP.L - Expense Ratio Comparison
SGIL.L has a 0.20% expense ratio, which is higher than UTIP.L's 0.17% 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. UTIP.L - Dividend Comparison
SGIL.L has not paid dividends to shareholders, while UTIP.L's dividend yield for the trailing twelve months is around 4.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 4.42% | 3.57% | 4.00% | 4.37% | 7.34% | 3.24% | 0.69% | 1.75% | 3.69% | 2.50% | 1.67% |
Frequently Asked Questions
SGIL.L and UTIP.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UTIP.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UTIP.L is cheaper with a 0.17% expense ratio, compared with 0.20% for SGIL.L.
SGIL.L tracks Bloomberg Gbl Infl Linked TR USD, while UTIP.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SGIL.L and 0.17% for UTIP.L.
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