TIPG.L vs. GILG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) and iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L).

TIPG.L and GILG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPG.L is a passively managed fund by Amundi that tracks the performance of the Bloomberg Gbl Infl Linked US TIPS TR USD. It was launched on Jul 29, 2016. GILG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Infl Linked TR Hdg GBP. It was launched on Nov 10, 2020. Both TIPG.L and GILG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TIPG.L vs. GILG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) and iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L). The values are adjusted to include any dividend payments, if applicable.

TIPG.L vs. GILG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TIPG.L Lyxor Core US TIPS (DR) UCITS ETF - Dist	1.22%	-0.42%	3.73%	-2.20%	-1.88%	7.15%	-1.97%
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)	0.80%	4.23%	-0.86%	3.12%	-18.45%	5.19%	2.37%

Different Trading Currencies

TIPG.L is traded in GBp, while GILG.L is traded in GBP. To make them comparable, the GILG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, TIPG.L achieves a 1.22% return, which is significantly higher than GILG.L's 0.80% return.

TIPG.L

• 1D: -0.81%
• 1M: -0.56%
• YTD: 1.22%
• 6M: 1.63%
• 1Y: -0.35%
• 3Y*: 0.59%
• 5Y*: 2.02%
• 10Y*: —

GILG.L

• 1D: 0.06%
• 1M: -1.11%
• YTD: 0.80%
• 6M: 1.42%
• 1Y: 2.95%
• 3Y*: 1.35%
• 5Y*: -1.21%
• 10Y*: —

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

TIPG.L vs. GILG.L - Expense Ratio Comparison

TIPG.L has a 0.09% expense ratio, which is lower than GILG.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%.

GILG.L

iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)

TIPG.L

Lyxor Core US TIPS (DR) UCITS ETF - Dist

Return for Risk

TIPG.L vs. GILG.L — Risk / Return Rank

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

TIPG.L

TIPG.L Risk / Return Rank: 10
TIPG.L Sharpe Ratio Rank: 10
TIPG.L Sortino Ratio Rank: 9
TIPG.L Omega Ratio Rank: 9
TIPG.L Calmar Ratio Rank: 11
TIPG.L Martin Ratio Rank: 11

GILG.L

GILG.L Risk / Return Rank: 29
GILG.L Sharpe Ratio Rank: 27
GILG.L Sortino Ratio Rank: 25
GILG.L Omega Ratio Rank: 23
GILG.L Calmar Ratio Rank: 36
GILG.L Martin Ratio Rank: 35

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.

TIPG.L vs. GILG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) and iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.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.

	TIPG.L	GILG.L	Difference
Sharpe ratio Return per unit of total volatility	-0.05	0.53	-0.58
Sortino ratio Return per unit of downside risk	-0.01	0.77	-0.78
Omega ratio Gain probability vs. loss probability	1.00	1.10	-0.10
Calmar ratio Return relative to maximum drawdown	-0.03	1.03	-1.07
Martin ratio Return relative to average drawdown	-0.06	3.41	-3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIPG.L vs. GILG.L - Sharpe Ratio Comparison

The current TIPG.L Sharpe Ratio is -0.05, which is lower than the GILG.L Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of TIPG.L and GILG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TIPG.L	GILG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.53	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	-0.16	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.14	+0.34

Correlation

The correlation between TIPG.L and GILG.L is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TIPG.L vs. GILG.L - Dividend Comparison

TIPG.L's dividend yield for the trailing twelve months is around 1.11%, more than GILG.L's 0.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIPG.L Lyxor Core US TIPS (DR) UCITS ETF - Dist	1.11%	1.12%	0.88%	0.72%	0.70%	0.55%	0.65%	0.78%	0.77%	0.82%
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)	0.92%	0.96%	0.87%	0.79%	0.72%	0.50%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TIPG.L vs. GILG.L - Drawdown Comparison

The maximum TIPG.L drawdown since its inception was -15.73%, smaller than the maximum GILG.L drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for TIPG.L and GILG.L.

Drawdown Indicators

	TIPG.L	GILG.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.73%	-24.23%	+8.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.91%	-3.24%	-3.67%
Max Drawdown (5Y) Largest decline over 5 years	-15.73%	-24.23%	+8.50%
Current Drawdown Current decline from peak	-8.17%	-14.05%	+5.88%
Average Drawdown Average peak-to-trough decline	-7.20%	-13.10%	+5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	0.98%	+2.81%

Volatility

TIPG.L vs. GILG.L - Volatility Comparison

Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) has a higher volatility of 2.25% compared to iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) at 1.83%. This indicates that TIPG.L's price experiences larger fluctuations and is considered to be riskier than GILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIPG.L	GILG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	1.83%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	4.51%	3.13%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	7.46%	5.50%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.71%	7.75%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.34%	7.60%	+2.74%