TIP vs. IUVF.L
TIP (iShares TIPS Bond ETF) and IUVF.L (iShares Edge MSCI USA Value Factor UCITS) are both exchange-traded funds - TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 5 years, TIP returned 0.91%/yr vs 15.04%/yr for IUVF.L. At a 0.02 correlation, their price movements are largely independent. TIP charges 0.18%/yr vs 0.20%/yr for IUVF.L.
Performance
TIP vs. IUVF.L - Performance Comparison
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Different Trading Currencies
TIP is traded in USD, while IUVF.L is traded in GBp. To make them comparable, the IUVF.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TIP achieves a 1.39% return, which is significantly lower than IUVF.L's 40.87% return.
TIP
- 1D
- 0.36%
- 1M
- -0.22%
- YTD
- 1.39%
- 6M
- 1.25%
- 1Y
- 4.90%
- 3Y*
- 3.82%
- 5Y*
- 0.91%
- 10Y*
- 2.50%
IUVF.L
- 1D
- 0.54%
- 1M
- 7.62%
- YTD
- 40.87%
- 6M
- 41.96%
- 1Y
- 77.88%
- 3Y*
- 30.51%
- 5Y*
- 15.04%
- 10Y*
- —
TIP vs. IUVF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 1.39% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
IUVF.L iShares Edge MSCI USA Value Factor UCITS | 40.87% | 33.27% | 6.43% | 13.99% | -14.83% | 30.10% | -1.83% | 27.01% | -12.42% | 21.44% |
Correlation
The correlation between TIP and IUVF.L 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016 | 0.02 |
The correlation between TIP and IUVF.L shifts across timeframes, from 0.02 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIP vs. IUVF.L — Risk / Return Rank
TIP
IUVF.L
TIP vs. IUVF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and iShares Edge MSCI USA Value Factor UCITS (IUVF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIP | IUVF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.79 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 10.03 | -7.54 |
| Martin ratioReturn relative to average drawdown | 7.44 | 39.11 | -31.67 |
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Drawdowns
TIP vs. IUVF.L - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum IUVF.L drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for TIP and IUVF.L.
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Drawdown Indicators
| TIP | IUVF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -39.29% | +24.72% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -7.73% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -18.56% | +14.02% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -27.00% | +12.49% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -4.70% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -7.38% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.98% | -1.32% |
Volatility
TIP vs. IUVF.L - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 1.03%, while iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a volatility of 7.37%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than IUVF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | IUVF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 7.37% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 13.29% | -10.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 16.48% | -13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 17.52% | -11.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 18.97% | -13.23% |
TIP vs. IUVF.L - Expense Ratio Comparison
TIP has a 0.18% expense ratio, which is lower than IUVF.L's 0.20% 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
TIP vs. IUVF.L - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, while IUVF.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUVF.L iShares Edge MSCI USA Value Factor UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
TIP and IUVF.L 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, TIP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIP is cheaper with a 0.18% expense ratio, compared with 0.20% for IUVF.L.
TIP is categorized as Inflation-Protected Bonds, while IUVF.L is Large Cap Value Equities. TIP tracks ICE U.S. Treasury Inflation Linked Bond Index, while IUVF.L tracks Russell 1000 Value TR USD. Their fees differ too: 0.18% for TIP and 0.20% for IUVF.L.
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