TI5G.L vs. VAGP.L
TI5G.L (iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist)) and VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) are both exchange-traded funds - TI5G.L is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5, while VAGP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, TI5G.L returned 2.89%/yr vs -0.24%/yr for VAGP.L. At a 0.40 correlation, their price movements are largely independent. TI5G.L charges 0.12%/yr vs 0.10%/yr for VAGP.L.
Performance
TI5G.L vs. VAGP.L - Performance Comparison
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Returns By Period
In the year-to-date period, TI5G.L achieves a 2.07% return, which is significantly higher than VAGP.L's 0.19% 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*
- —
VAGP.L
- 1D
- 0.29%
- 1M
- 0.35%
- YTD
- 0.19%
- 6M
- 0.36%
- 1Y
- 3.24%
- 3Y*
- 3.74%
- 5Y*
- -0.24%
- 10Y*
- —
TI5G.L vs. VAGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.50% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.19% | 4.96% | 2.51% | 5.84% | -13.81% | -2.03% | 5.31% | 2.30% |
Correlation
The correlation between TI5G.L and VAGP.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.40 |
Over the past year, the correlation between TI5G.L and VAGP.L has dropped to 0.19 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
TI5G.L vs. VAGP.L — Risk / Return Rank
TI5G.L
VAGP.L
TI5G.L vs. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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 | VAGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 1.15 | +4.11 |
| Martin ratioReturn relative to average drawdown | 17.49 | 3.41 | +14.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TI5G.L | VAGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.97 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | -0.05 | +0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.12 | +0.77 |
Drawdowns
TI5G.L vs. VAGP.L - Drawdown Comparison
The maximum TI5G.L drawdown since its inception was -5.63%, smaller than the maximum VAGP.L drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for TI5G.L and VAGP.L.
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Drawdown Indicators
| TI5G.L | VAGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -18.13% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.83% | -2.80% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -1.55% | -4.04% | +2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -5.63% | -17.70% | +12.07% |
Current DrawdownCurrent decline from peak | -0.08% | -3.76% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -6.70% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.95% | -0.70% |
Volatility
TI5G.L vs. VAGP.L - Volatility Comparison
The current volatility for iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) is 0.58%, while Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) has a volatility of 1.43%. This indicates that TI5G.L experiences smaller price fluctuations and is considered to be less risky than VAGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TI5G.L | VAGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 1.43% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 2.79% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 3.35% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 4.78% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 4.50% | -1.27% |
TI5G.L vs. VAGP.L - Expense Ratio Comparison
TI5G.L has a 0.12% expense ratio, which is higher than VAGP.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. VAGP.L - Dividend Comparison
TI5G.L's dividend yield for the trailing twelve months is around 5.85%, more than VAGP.L's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.55% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% | 0.00% |
Frequently Asked Questions
TI5G.L and VAGP.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGP.L is cheaper with a 0.10% expense ratio, compared with 0.12% for TI5G.L.
TI5G.L is categorized as Inflation-Protected Bonds, while VAGP.L is Global Bonds. TI5G.L tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5, while VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for TI5G.L and 0.10% for VAGP.L.
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