TIPA.L vs. IEMG
TIPA.L (Lyxor Core US TIPS (DR) UCITS ETF - Acc) and IEMG (iShares Core MSCI Emerging Markets ETF) are both exchange-traded funds - TIPA.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while IEMG is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Both are passively managed. Over the past 5 years, TIPA.L returned 0.93%/yr vs 7.36%/yr for IEMG. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
TIPA.L vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, TIPA.L achieves a 1.23% return, which is significantly lower than IEMG's 24.98% return.
TIPA.L
- 1D
- 0.03%
- 1M
- -0.01%
- YTD
- 1.23%
- 6M
- 1.30%
- 1Y
- 4.75%
- 3Y*
- 3.80%
- 5Y*
- 0.93%
- 10Y*
- —
IEMG
- 1D
- -0.98%
- 1M
- 4.82%
- YTD
- 24.98%
- 6M
- 27.43%
- 1Y
- 49.24%
- 3Y*
- 23.19%
- 5Y*
- 7.36%
- 10Y*
- 10.22%
TIPA.L vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TIPA.L Lyxor Core US TIPS (DR) UCITS ETF - Acc | 1.23% | 6.81% | 2.09% | 3.51% | -12.46% | 5.91% | 11.05% | 0.73% |
IEMG iShares Core MSCI Emerging Markets ETF | 24.98% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 6.96% |
Correlation
The correlation between TIPA.L and IEMG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.07 |
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Return for Risk
TIPA.L vs. IEMG — Risk / Return Rank
TIPA.L
IEMG
TIPA.L vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| TIPA.L | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.74 | -1.17 |
| Martin ratioReturn relative to average drawdown | 7.17 | 14.39 | -7.22 |
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
| TIPA.L | IEMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.55 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.40 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.35 | +0.07 |
Drawdowns
TIPA.L vs. IEMG - Drawdown Comparison
The maximum TIPA.L drawdown since its inception was -15.11%, smaller than the maximum IEMG drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for TIPA.L and IEMG.
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Drawdown Indicators
| TIPA.L | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.11% | -38.71% | +23.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.84% | -13.21% | +11.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -17.21% | +12.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | -35.83% | +20.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.71% | — |
Current DrawdownCurrent decline from peak | -0.79% | -2.30% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -12.97% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 3.43% | -2.77% |
Volatility
TIPA.L vs. IEMG - Volatility Comparison
The current volatility for Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) is 1.28%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 8.24%. This indicates that TIPA.L experiences smaller price fluctuations and is considered to be less risky than IEMG 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 | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 8.24% | -6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 16.97% | -14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 19.47% | -15.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 18.38% | -12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 20.03% | -13.73% |
TIPA.L vs. IEMG - Expense Ratio Comparison
Both TIPA.L and IEMG have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TIPA.L vs. IEMG - Dividend Comparison
TIPA.L has not paid dividends to shareholders, while IEMG's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.20% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
TIPA.L Lyxor Core US TIPS (DR) UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPA.L and IEMG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TIPA.L and IEMG have the same expense ratio: 0.09% per year.
TIPA.L is categorized as Inflation-Protected Bonds, while IEMG is Emerging Markets Diversified. TIPA.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IEMG tracks MSCI Emerging Markets Investable Market Index (USD) (Net). They also come from different issuers: Amundi and iShares.
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