SUES.L vs. TIPX
SUES.L (iShares MSCI EM SRI UCITS ETF) and TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) are both exchange-traded funds - SUES.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while TIPX is a Inflation-Protected Bonds fund tracking the Bloomberg US Govt Inflation-Linked (1-10 Y). Both are passively managed. Over the past 5 years, SUES.L returned 5.18%/yr vs 3.40%/yr for TIPX. At a 0.10 correlation, their price movements are largely independent. SUES.L charges 0.25%/yr vs 0.15%/yr for TIPX.
Performance
SUES.L vs. TIPX - Performance Comparison
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Different Trading Currencies
SUES.L is traded in GBp, while TIPX is traded in USD. To make them comparable, the TIPX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUES.L achieves a 16.30% return, which is significantly higher than TIPX's 2.31% return.
SUES.L
- 1D
- -1.52%
- 1M
- 0.78%
- YTD
- 16.30%
- 6M
- 17.33%
- 1Y
- 39.09%
- 3Y*
- 14.44%
- 5Y*
- 5.18%
- 10Y*
- —
TIPX
- 1D
- 0.31%
- 1M
- 1.42%
- YTD
- 2.31%
- 6M
- 1.15%
- 1Y
- 6.43%
- 3Y*
- 2.18%
- 5Y*
- 3.40%
- 10Y*
- 3.76%
SUES.L vs. TIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUES.L iShares MSCI EM SRI UCITS ETF | 16.30% | 22.98% | 6.49% | -4.42% | -8.54% | 0.22% | 14.91% | 11.22% | -4.94% | 22.48% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 2.31% | -0.49% | 4.88% | -0.79% | 3.41% | 6.42% | 5.33% | 2.54% | 5.60% | -6.33% |
Correlation
The correlation between SUES.L and TIPX is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.10 |
The correlation between SUES.L and TIPX shifts across timeframes, from -0.10 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SUES.L vs. TIPX — Risk / Return Rank
SUES.L
TIPX
SUES.L vs. TIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF (SUES.L) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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.
| SUES.L | TIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.15 | +2.64 |
| Martin ratioReturn relative to average drawdown | 13.42 | 3.30 | +10.12 |
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
| SUES.L | TIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 1.01 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.41 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.35 | +0.09 |
Drawdowns
SUES.L vs. TIPX - Drawdown Comparison
The maximum SUES.L drawdown since its inception was -30.11%, which is greater than TIPX's maximum drawdown of -15.84%. Use the drawdown chart below to compare losses from any high point for SUES.L and TIPX.
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Drawdown Indicators
| SUES.L | TIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -15.84% | -14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -5.62% | -4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.77% | -7.83% | -9.94% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -15.81% | -8.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.84% | — |
Current DrawdownCurrent decline from peak | -2.59% | -5.29% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -6.51% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.95% | +1.01% |
Volatility
SUES.L vs. TIPX - Volatility Comparison
iShares MSCI EM SRI UCITS ETF (SUES.L) has a higher volatility of 5.89% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 1.46%. This indicates that SUES.L's price experiences larger fluctuations and is considered to be riskier than TIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUES.L | TIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 1.46% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 4.84% | +8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 6.39% | +9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 8.33% | +8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 9.69% | +8.25% |
SUES.L vs. TIPX - Expense Ratio Comparison
SUES.L has a 0.25% expense ratio, which is higher than TIPX's 0.15% 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
SUES.L vs. TIPX - Dividend Comparison
SUES.L has not paid dividends to shareholders, while TIPX's dividend yield for the trailing twelve months is around 4.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUES.L iShares MSCI EM SRI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 4.56% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
Frequently Asked Questions
SUES.L and TIPX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIPX is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPX is cheaper with a 0.15% expense ratio, compared with 0.25% for SUES.L.
SUES.L is categorized as Emerging Markets Equities, while TIPX is Inflation-Protected Bonds. SUES.L tracks MSCI EM NR USD, while TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y). They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for SUES.L and 0.15% for TIPX.
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