TIGB.L vs. ITPS.L
TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) and ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) are both exchange-traded funds - TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index, while ITPS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 3 years, TIGB.L returned 4.48%/yr vs 1.16%/yr for ITPS.L. At a 0.07 correlation, their price movements are largely independent. TIGB.L charges 0.10%/yr vs 0.12%/yr for ITPS.L.
Performance
TIGB.L vs. ITPS.L - Performance Comparison
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Different Trading Currencies
TIGB.L is traded in GBp, while ITPS.L is traded in GBP. To make them comparable, the ITPS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with TIGB.L having a 1.42% return and ITPS.L slightly lower at 1.40%.
TIGB.L
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.78%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
ITPS.L
- 1D
- 0.07%
- 1M
- 0.85%
- YTD
- 1.40%
- 6M
- 0.52%
- 1Y
- 5.75%
- 3Y*
- 1.16%
- 5Y*
- 2.04%
- 10Y*
- 3.38%
TIGB.L vs. ITPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 1.42% | 4.10% | 4.94% | 4.27% | 0.03% |
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | 2.30% |
Correlation
The correlation between TIGB.L and ITPS.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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | 0.07 |
The correlation between TIGB.L and ITPS.L shifts across timeframes, from -0.01 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIGB.L vs. ITPS.L — Risk / Return Rank
TIGB.L
ITPS.L
TIGB.L vs. ITPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) and iShares $ TIPS UCITS ETF USD (Acc) (ITPS.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.
| TIGB.L | ITPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.96 | ||
| Sortino ratioReturn per unit of downside risk | +4.72 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.16 | +1.18 |
| Calmar ratioReturn relative to maximum drawdown | 12.51 | 1.09 | +11.42 |
| Martin ratioReturn relative to average drawdown | 73.64 | 2.78 | +70.86 |
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
| TIGB.L | ITPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.87 | 0.91 | +2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.48 | 0.28 | +5.20 |
Drawdowns
TIGB.L vs. ITPS.L - Drawdown Comparison
The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum ITPS.L drawdown of -37.27%. Use the drawdown chart below to compare losses from any high point for TIGB.L and ITPS.L.
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Drawdown Indicators
| TIGB.L | ITPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.50% | -37.27% | +36.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -5.26% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -7.85% | +7.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.72% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.94% | +7.94% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -10.69% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.06% | -2.01% |
Volatility
TIGB.L vs. ITPS.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) is 0.45%, while iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) has a volatility of 1.70%. This indicates that TIGB.L experiences smaller price fluctuations and is considered to be less risky than ITPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIGB.L | ITPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 1.70% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 4.63% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 6.30% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.74% | 8.76% | -8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.74% | 10.34% | -9.60% |
TIGB.L vs. ITPS.L - Expense Ratio Comparison
TIGB.L has a 0.10% expense ratio, which is lower than ITPS.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TIGB.L vs. ITPS.L - Dividend Comparison
TIGB.L's dividend yield for the trailing twelve months is around 3.92%, while ITPS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 3.92% | 4.11% | 4.93% | 4.53% | 1.46% |
Frequently Asked Questions
TIGB.L and ITPS.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.
On fees, TIGB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIGB.L is cheaper with a 0.10% expense ratio, compared with 0.12% for ITPS.L.
TIGB.L is categorized as Short-Term Bond, while ITPS.L is Inflation-Protected Bonds. TIGB.L tracks Bloomberg US Treasury Coupons Index, while ITPS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for TIGB.L and 0.12% for ITPS.L.
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