TIPA.L vs. TIP5.L

Last updated Jun 5, 2026

TIPA.L (Lyxor Core US TIPS (DR) UCITS ETF - Acc) and TIP5.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) are both Inflation-Protected Bonds funds - TIPA.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while TIP5.L tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5. Both are passively managed. Over the past 5 years, TIPA.L returned 0.93%/yr vs 3.31%/yr for TIP5.L. A 0.66 correlation means they provide meaningful diversification when combined. TIPA.L charges 0.09%/yr vs 0.10%/yr for TIP5.L.

Performance

TIPA.L vs. TIP5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPA.L achieves a 1.23% return, which is significantly lower than TIP5.L's 1.77% 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*: —

TIP5.L

• 1D: -0.01%
• 1M: 0.03%
• YTD: 1.77%
• 6M: 2.06%
• 1Y: 4.41%
• 3Y*: 5.18%
• 5Y*: 3.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIPA.L vs. TIP5.L - 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%
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist)	1.77%	6.22%	4.90%	4.24%	-2.74%	5.42%	4.91%	0.67%

Correlation

The correlation between TIPA.L and TIP5.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019	0.66

Over the past year, the correlation between TIPA.L and TIP5.L has dropped to 0.45 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

TIPA.L vs. TIP5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIPA.L

TIPA.L Risk / Return Rank: 42
TIPA.L Sharpe Ratio Rank: 38
TIPA.L Sortino Ratio Rank: 39
TIPA.L Omega Ratio Rank: 38
TIPA.L Calmar Ratio Rank: 53
TIPA.L Martin Ratio Rank: 45

TIP5.L

TIP5.L Risk / Return Rank: 75
TIP5.L Sharpe Ratio Rank: 60
TIP5.L Sortino Ratio Rank: 70
TIP5.L Omega Ratio Rank: 62
TIP5.L Calmar Ratio Rank: 94
TIP5.L Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIPA.L vs. TIP5.L - 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 USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.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.

	TIPA.L	TIP5.L	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.99	-0.66
Sortino ratio: Return per unit of downside risk	1.99	3.12	-1.13
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.13
Calmar ratio: Return relative to maximum drawdown	2.57	6.97	-4.40
Martin ratio: Return relative to average drawdown	7.17	19.95	-12.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIPA.L vs. TIP5.L - Sharpe Ratio Comparison

The current TIPA.L Sharpe Ratio is 1.33, which is lower than the TIP5.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of TIPA.L and TIP5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TIPA.L	TIP5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.99	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	1.11	-0.96
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.04	-0.63

Drawdowns

TIPA.L vs. TIP5.L - Drawdown Comparison

The maximum TIPA.L drawdown since its inception was -15.11%, which is greater than TIP5.L's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for TIPA.L and TIP5.L.

Drawdown Indicators

	TIPA.L	TIP5.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.11%	-5.55%	-9.56%
Max Drawdown (1Y) Largest decline over 1 year	-1.84%	-0.63%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-4.61%	-1.51%	-3.10%
Max Drawdown (5Y) Largest decline over 5 years	-15.11%	-5.21%	-9.90%
Current Drawdown Current decline from peak	-0.79%	-0.14%	-0.65%
Average Drawdown Average peak-to-trough decline	-5.44%	-0.73%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.22%	+0.44%

Volatility

TIPA.L vs. TIP5.L - Volatility Comparison

Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) has a higher volatility of 1.28% compared to iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L) at 0.54%. This indicates that TIPA.L's price experiences larger fluctuations and is considered to be riskier than TIP5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIPA.L	TIP5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	0.54%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	2.40%	1.49%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	3.57%	2.22%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.95%	2.96%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	3.18%	+3.12%

TIPA.L vs. TIP5.L - Expense Ratio Comparison

TIPA.L has a 0.09% expense ratio, which is lower than TIP5.L's 0.10% 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

TIPA.L vs. TIP5.L - Dividend Comparison

TIPA.L has not paid dividends to shareholders, while TIP5.L's dividend yield for the trailing twelve months is around 5.81%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIP5.L iShares USD TIPS 0-5 UCITS ETF USD (Dist)	5.81%	5.93%	6.97%	5.15%	0.34%	0.37%	3.00%	3.27%	2.99%	1.03%
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%

Frequently Asked Questions

Can I hold both TIPA.L and TIP5.L in my portfolio?

TIPA.L and TIP5.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIPA.L or TIP5.L?

On fees, TIPA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPA.L or TIP5.L?

TIPA.L is cheaper with a 0.09% expense ratio, compared with 0.10% for TIP5.L.

What is the main difference between TIPA.L and TIP5.L?

TIPA.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while TIP5.L tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for TIPA.L and 0.10% for TIP5.L.