TI5A.AS vs. IBTA.L

Last updated Jun 4, 2026

TI5A.AS (iShares USD TIPS 0-5 UCITS ETF USD Accumulating) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - TI5A.AS is a Inflation-Protected Bonds fund tracking the ICE US Treasury Inflation-Linked Bond 0-5 Years, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, TI5A.AS returned 5.17%/yr vs 4.17%/yr for IBTA.L. At a 0.48 correlation, their price movements are largely independent. TI5A.AS charges 0.10%/yr vs 0.07%/yr for IBTA.L.

Performance

TI5A.AS vs. IBTA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD TIPS 0-5 UCITS ETF USD Accumulating (TI5A.AS) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TI5A.AS achieves a 2.16% return, which is significantly higher than IBTA.L's 0.32% return.

TI5A.AS

• 1D: -0.02%
• 1M: 0.00%
• YTD: 2.16%
• 6M: 2.04%
• 1Y: 4.59%
• 3Y*: 5.17%
• 5Y*: —
• 10Y*: —

IBTA.L

• 1D: -0.10%
• 1M: -0.03%
• YTD: 0.32%
• 6M: 0.82%
• 1Y: 3.45%
• 3Y*: 4.17%
• 5Y*: 1.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TI5A.AS vs. IBTA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TI5A.AS iShares USD TIPS 0-5 UCITS ETF USD Accumulating	2.16%	5.92%	4.73%	4.70%	-1.86%
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)	0.32%	5.30%	4.11%	4.15%	-0.66%

Correlation

The correlation between TI5A.AS and IBTA.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022	0.48

The correlation between TI5A.AS and IBTA.L shifts across timeframes, from 0.29 (1 year) to 0.57 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

TI5A.AS vs. IBTA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TI5A.AS

TI5A.AS Risk / Return Rank: 74
TI5A.AS Sharpe Ratio Rank: 60
TI5A.AS Sortino Ratio Rank: 64
TI5A.AS Omega Ratio Rank: 70
TI5A.AS Calmar Ratio Rank: 87
TI5A.AS Martin Ratio Rank: 89

IBTA.L

IBTA.L Risk / Return Rank: 87
IBTA.L Sharpe Ratio Rank: 85
IBTA.L Sortino Ratio Rank: 93
IBTA.L Omega Ratio Rank: 90
IBTA.L Calmar Ratio Rank: 85
IBTA.L Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TI5A.AS vs. IBTA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD TIPS 0-5 UCITS ETF USD Accumulating (TI5A.AS) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.

	TI5A.AS	IBTA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.82	-0.84
Sortino ratio: Return per unit of downside risk	2.92	4.64	-1.72
Omega ratio: Gain probability vs. loss probability	1.41	1.59	-0.18
Calmar ratio: Return relative to maximum drawdown	4.98	4.65	+0.33
Martin ratio: Return relative to average drawdown	19.64	17.57	+2.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TI5A.AS vs. IBTA.L - Sharpe Ratio Comparison

The current TI5A.AS Sharpe Ratio is 1.97, which is comparable to the IBTA.L Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of TI5A.AS and IBTA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TI5A.AS	IBTA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.82	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.51	1.08	+0.44

Drawdowns

TI5A.AS vs. IBTA.L - Drawdown Comparison

The maximum TI5A.AS drawdown since its inception was -3.98%, smaller than the maximum IBTA.L drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for TI5A.AS and IBTA.L.

Drawdown Indicators

	TI5A.AS	IBTA.L	Difference
Max Drawdown Largest peak-to-trough decline	-3.98%	-5.80%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-0.74%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-1.28%	-0.89%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-5.70%	—
Current Drawdown Current decline from peak	-0.06%	-0.27%	+0.21%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.97%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.20%	+0.03%

Volatility

TI5A.AS vs. IBTA.L - Volatility Comparison

iShares USD TIPS 0-5 UCITS ETF USD Accumulating (TI5A.AS) has a higher volatility of 0.52% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.41%. This indicates that TI5A.AS's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TI5A.AS	IBTA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	0.41%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	1.74%	0.85%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	2.30%	1.22%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.05%	2.00%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.05%	1.76%	+1.29%

TI5A.AS vs. IBTA.L - Expense Ratio Comparison

TI5A.AS has a 0.10% expense ratio, which is higher than IBTA.L's 0.07% 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

TI5A.AS vs. IBTA.L - Dividend Comparison

Neither TI5A.AS nor IBTA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TI5A.AS and IBTA.L in my portfolio?

TI5A.AS and IBTA.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TI5A.AS or IBTA.L?

On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TI5A.AS or IBTA.L?

IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.10% for TI5A.AS.

What is the main difference between TI5A.AS and IBTA.L?

TI5A.AS is categorized as Inflation-Protected Bonds, while IBTA.L is Government Bonds. TI5A.AS tracks ICE US Treasury Inflation-Linked Bond 0-5 Years, while IBTA.L tracks ICE US Treasury 1-3 Year Index. Their fees differ too: 0.10% for TI5A.AS and 0.07% for IBTA.L.