TIPG.L vs. IBCI.L
TIPG.L (Lyxor Core US TIPS (DR) UCITS ETF - Dist) and IBCI.L (iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc)) are both Inflation-Protected Bonds funds - TIPG.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while IBCI.L tracks the BBG Euro Government Inflation-Linked Bond Index (EUR). Both are passively managed. Over the past 5 years, TIPG.L returned 0.90%/yr vs 0.31%/yr for IBCI.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
TIPG.L vs. IBCI.L - Performance Comparison
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Different Trading Currencies
TIPG.L is traded in GBp, while IBCI.L is traded in GBP. To make them comparable, the IBCI.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 0.76% return, which is significantly higher than IBCI.L's -0.01% return.
TIPG.L
- 1D
- 0.45%
- 1M
- -0.92%
- 6M
- 0.34%
- YTD
- 0.76%
- 1Y
- 2.81%
- 3Y*
- 2.62%
- 5Y*
- 0.90%
- 10Y*
- —
IBCI.L
- 1D
- 0.32%
- 1M
- -2.22%
- 6M
- -0.13%
- YTD
- -0.01%
- 1Y
- 1.23%
- 3Y*
- 1.51%
- 5Y*
- 0.31%
- 10Y*
- 1.54%
TIPG.L vs. IBCI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIPG.L Lyxor Core US TIPS (DR) UCITS ETF - Dist | 0.76% | -0.42% | 3.73% | -2.20% | -2.41% | 7.73% | 7.24% | 5.48% | 4.26% | -6.01% |
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | -0.01% | 6.03% | -4.55% | 3.48% | -4.33% | -0.79% | 8.45% | 1.18% | -1.05% | 5.00% |
Correlation
The correlation between TIPG.L and IBCI.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2016 | 0.53 |
Over the past year, the correlation between TIPG.L and IBCI.L has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
TIPG.L vs. IBCI.L — Risk / Return Rank
TIPG.L
IBCI.L
TIPG.L vs. IBCI.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 € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.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.
| TIPG.L | IBCI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.37 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.27 | 0.80 | +0.47 |
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Drawdowns
TIPG.L vs. IBCI.L - Drawdown Comparison
The maximum TIPG.L drawdown since its inception was -30.41%, roughly equal to the maximum IBCI.L drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for TIPG.L and IBCI.L.
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Drawdown Indicators
| TIPG.L | IBCI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.41% | -30.47% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -3.33% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -8.00% | -14.28% | +6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.73% | -14.28% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.53% | — |
Current DrawdownCurrent decline from peak | -8.58% | -8.52% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -10.76% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.54% | +0.67% |
Volatility
TIPG.L vs. IBCI.L - Volatility Comparison
Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) and iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) (IBCI.L) have volatilities of 1.39% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPG.L | IBCI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.41% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 3.72% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 4.90% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 11.49% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.03% | 11.76% | +0.27% |
TIPG.L vs. IBCI.L - Expense Ratio Comparison
Both TIPG.L and IBCI.L 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
TIPG.L vs. IBCI.L - Dividend Comparison
TIPG.L's dividend yield for the trailing twelve months is around 1.11%, while IBCI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBCI.L iShares € Inflation Linked Govt Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
TIPG.L and IBCI.L have a correlation of 0.32, 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.
TIPG.L and IBCI.L have the same expense ratio: 0.09% per year.
TIPG.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IBCI.L tracks BBG Euro Government Inflation-Linked Bond Index (EUR). They also come from different issuers: Amundi and iShares.
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