TIPA.L vs. ^GSPC
TIPA.L (Amundi US TIPS Government Inflation-Linked Bond UCITS ETF Acc) is Inflation-Protected Bonds fund tracking the Bloomberg US Government Inflation-Linked All Maturities Index, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, TIPA.L returned 0.26%/yr vs 10.93%/yr for ^GSPC. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
TIPA.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, TIPA.L achieves a 0.30% return, which is significantly lower than ^GSPC's 8.28% return.
TIPA.L
- 1D
- 0.17%
- 1M
- -0.72%
- 6M
- 0.47%
- YTD
- 0.30%
- 1Y
- 2.63%
- 3Y*
- 3.39%
- 5Y*
- 0.26%
- 10Y*
- —
- ALL TIME*
- 2.32%
^GSPC
- 1D
- 0.05%
- 1M
- 0.79%
- 6M
- 7.18%
- YTD
- 8.28%
- 1Y
- 16.02%
- 3Y*
- 17.51%
- 5Y*
- 10.93%
- 10Y*
- 13.07%
- ALL TIME*
- 8.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $36.86T | $39.36T | $41.14T |
| $105.63K | $109.70K | $111.36K |
TIPA.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TIPA.L Amundi US TIPS Government Inflation-Linked Bond UCITS ETF Acc | 0.30% | 6.82% | 2.10% | 3.51% | -12.83% | 6.36% | 11.05% | 0.36% |
^GSPC S&P 500 Index | 8.28% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 7.98% |
Correlation
The correlation between TIPA.L and ^GSPC is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2019 | 0.07 |
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Return for Risk
TIPA.L vs. ^GSPC — Risk / Return Rank
TIPA.L
^GSPC
TIPA.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US TIPS Government Inflation-Linked Bond UCITS ETF Acc (TIPA.L) and S&P 500 Index (^GSPC). 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.
| TIPA.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.82 | -0.43 |
| Martin ratioReturn relative to average drawdown | 3.60 | 7.79 | -4.19 |
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Drawdowns
TIPA.L vs. ^GSPC - Drawdown Comparison
The maximum TIPA.L drawdown since its inception was -15.13%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TIPA.L and ^GSPC.
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Drawdown Indicators
| TIPA.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -56.78% | +41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.86% | -9.10% | +7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.17% | -18.90% | +14.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -25.43% | +10.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.68% | -2.60% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -10.70% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 2.12% | -1.40% |
Volatility
TIPA.L vs. ^GSPC - Volatility Comparison
The current volatility for Amundi US TIPS Government Inflation-Linked Bond UCITS ETF Acc (TIPA.L) is 0.62%, while S&P 500 Index (^GSPC) has a volatility of 2.93%. This indicates that TIPA.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPA.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 2.93% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 9.85% | -7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 12.67% | -9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 16.98% | -11.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 18.06% | -11.85% |
Frequently Asked Questions
TIPA.L and ^GSPC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for TIPA.L and ^GSPC
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