TI5G.L vs. TP05.L

Last updated Jun 5, 2026

TI5G.L (iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist)) and TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) are both Inflation-Protected Bonds funds from iShares - TI5G.L tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5 while TP05.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, TI5G.L returned 2.89%/yr vs 0.21%/yr for TP05.L. At a correlation of -0.00, they often move in opposite directions. TI5G.L charges 0.12%/yr vs 0.10%/yr for TP05.L.

Performance

TI5G.L vs. TP05.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TI5G.L is traded in GBP, while TP05.L is traded in GBp. To make them comparable, the TP05.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, TI5G.L achieves a 2.07% return, which is significantly higher than TP05.L's -0.38% return.

TI5G.L

• 1D: 0.04%
• 1M: 0.09%
• YTD: 2.07%
• 6M: 1.98%
• 1Y: 4.39%
• 3Y*: 4.91%
• 5Y*: 2.89%
• 10Y*: —

TP05.L

• 1D: -0.05%
• 1M: -1.67%
• YTD: -0.38%
• 6M: -1.26%
• 1Y: -0.27%
• 3Y*: -3.94%
• 5Y*: 0.21%
• 10Y*: —

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

TI5G.L vs. TP05.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TI5G.L iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist)	2.07%	5.70%	4.60%	3.62%	-3.69%	5.28%	4.05%	3.05%	-0.77%
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist)	-0.38%	-6.85%	-0.44%	-6.21%	8.40%	6.35%	-1.65%	-1.59%	5.61%

Correlation

The correlation between TI5G.L and TP05.L is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018	-0.00

Return for Risk

TI5G.L vs. TP05.L — Risk / Return Rank

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

TI5G.L

TI5G.L Risk / Return Rank: 65
TI5G.L Sharpe Ratio Rank: 49
TI5G.L Sortino Ratio Rank: 53
TI5G.L Omega Ratio Rank: 51
TI5G.L Calmar Ratio Rank: 89
TI5G.L Martin Ratio Rank: 85

TP05.L

TP05.L Risk / Return Rank: 9
TP05.L Sharpe Ratio Rank: 9
TP05.L Sortino Ratio Rank: 8
TP05.L Omega Ratio Rank: 8
TP05.L Calmar Ratio Rank: 9
TP05.L Martin Ratio Rank: 9

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.

TI5G.L vs. TP05.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.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.

	TI5G.L	TP05.L	Difference
Sharpe ratio: Return per unit of total volatility	1.68	-0.03	+1.72
Sortino ratio: Return per unit of downside risk	2.52	0.01	+2.51
Omega ratio: Gain probability vs. loss probability	1.31	1.00	+0.31
Calmar ratio: Return relative to maximum drawdown	5.26	-0.03	+5.30
Martin ratio: Return relative to average drawdown	17.49	-0.07	+17.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TI5G.L vs. TP05.L - Sharpe Ratio Comparison

The current TI5G.L Sharpe Ratio is 1.68, which is higher than the TP05.L Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of TI5G.L and TP05.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

	TI5G.L	TP05.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	-0.03	+1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.02	+0.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	-0.06	+0.94

Drawdowns

TI5G.L vs. TP05.L - Drawdown Comparison

The maximum TI5G.L drawdown since its inception was -5.63%, smaller than the maximum TP05.L drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for TI5G.L and TP05.L.

Drawdown Indicators

	TI5G.L	TP05.L	Difference
Max Drawdown Largest peak-to-trough decline	-5.63%	-23.61%	+17.98%
Max Drawdown (1Y) Largest decline over 1 year	-0.83%	-7.76%	+6.93%
Max Drawdown (3Y) Largest decline over 3 years	-1.55%	-15.39%	+13.84%
Max Drawdown (5Y) Largest decline over 5 years	-5.63%	-23.61%	+17.98%
Current Drawdown Current decline from peak	-0.08%	-22.31%	+22.23%
Average Drawdown Average peak-to-trough decline	-1.02%	-10.24%	+9.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	3.88%	-3.63%

Volatility

TI5G.L vs. TP05.L - Volatility Comparison

The current volatility for iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) is 0.58%, while iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) has a volatility of 3.02%. This indicates that TI5G.L experiences smaller price fluctuations and is considered to be less risky than TP05.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TI5G.L	TP05.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	3.02%	-2.44%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	5.23%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	2.60%	7.68%	-5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.08%	8.80%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.23%	8.99%	-5.76%

TI5G.L vs. TP05.L - Expense Ratio Comparison

TI5G.L has a 0.12% expense ratio, which is higher than TP05.L's 0.10% 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

TI5G.L vs. TP05.L - Dividend Comparison

TI5G.L's dividend yield for the trailing twelve months is around 5.85%, more than TP05.L's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TI5G.L iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist)	5.85%	5.98%	6.83%	5.19%	0.32%	0.34%	3.06%	3.28%	2.36%	0.00%
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist)	0.06%	0.06%	0.07%	0.05%	0.00%	0.00%	0.03%	0.03%	0.03%	0.01%

Frequently Asked Questions

Can I hold both TI5G.L and TP05.L in my portfolio?

TI5G.L and TP05.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TI5G.L or TP05.L?

On fees, TP05.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TI5G.L or TP05.L?

TP05.L is cheaper with a 0.10% expense ratio, compared with 0.12% for TI5G.L.

What is the main difference between TI5G.L and TP05.L?

TI5G.L tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5, while TP05.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.12% for TI5G.L and 0.10% for TP05.L.