TIPG.L vs. ITPS.L
TIPG.L (Lyxor Core US TIPS (DR) UCITS ETF - Dist) and ITPS.L (iShares $ TIPS UCITS ETF USD (Acc)) are both Inflation-Protected Bonds funds tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, TIPG.L returned 1.22%/yr vs 2.04%/yr for ITPS.L. Their correlation of 0.86 suggests significant overlap in exposure. TIPG.L charges 0.09%/yr vs 0.12%/yr for ITPS.L.
Performance
TIPG.L vs. ITPS.L - Performance Comparison
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Different Trading Currencies
TIPG.L is traded in GBp, while ITPS.L is traded in GBP. To make them comparable, the ITPS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with TIPG.L having a 1.46% return and ITPS.L slightly lower at 1.40%.
TIPG.L
- 1D
- 0.09%
- 1M
- 1.05%
- YTD
- 1.46%
- 6M
- -0.45%
- 1Y
- 4.71%
- 3Y*
- 0.24%
- 5Y*
- 1.22%
- 10Y*
- —
ITPS.L
- 1D
- 0.07%
- 1M
- 0.85%
- YTD
- 1.40%
- 6M
- 0.52%
- 1Y
- 5.75%
- 3Y*
- 1.16%
- 5Y*
- 2.04%
- 10Y*
- 3.38%
TIPG.L vs. ITPS.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 | 1.46% | -1.51% | 2.83% | -2.90% | -2.52% | 6.54% | 6.58% | 4.69% | 2.93% | -6.27% |
ITPS.L iShares $ TIPS UCITS ETF USD (Acc) | 1.40% | -0.29% | 3.57% | -2.08% | -2.35% | 7.75% | 7.12% | 5.33% | 4.25% | -6.03% |
Correlation
The correlation between TIPG.L and ITPS.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016 | 0.86 |
The correlation between TIPG.L and ITPS.L shifts across timeframes, from 0.86 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIPG.L vs. ITPS.L — Risk / Return Rank
TIPG.L
ITPS.L
TIPG.L vs. ITPS.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 $ TIPS UCITS ETF USD (Acc) (ITPS.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 | ITPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.09 | -0.34 |
| Martin ratioReturn relative to average drawdown | 1.67 | 2.78 | -1.10 |
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
| TIPG.L | ITPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.91 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.23 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.28 | -0.17 |
Drawdowns
TIPG.L vs. ITPS.L - Drawdown Comparison
The maximum TIPG.L drawdown since its inception was -15.73%, smaller than the maximum ITPS.L drawdown of -37.27%. Use the drawdown chart below to compare losses from any high point for TIPG.L and ITPS.L.
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Drawdown Indicators
| TIPG.L | ITPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.73% | -37.27% | +21.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -5.26% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -8.00% | -7.85% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.73% | -15.72% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.72% | — |
Current DrawdownCurrent decline from peak | -10.38% | -7.94% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -10.69% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.06% | +0.76% |
Volatility
TIPG.L vs. ITPS.L - Volatility Comparison
Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) has a higher volatility of 1.82% compared to iShares $ TIPS UCITS ETF USD (Acc) (ITPS.L) at 1.70%. This indicates that TIPG.L's price experiences larger fluctuations and is considered to be riskier than ITPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPG.L | ITPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.70% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 4.63% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 6.30% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.73% | 8.76% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.30% | 10.34% | -0.04% |
TIPG.L vs. ITPS.L - Expense Ratio Comparison
TIPG.L has a 0.09% expense ratio, which is lower than ITPS.L's 0.12% 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
TIPG.L vs. ITPS.L - Dividend Comparison
TIPG.L's dividend yield for the trailing twelve months is around 0.01%, while ITPS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ITPS.L iShares $ TIPS UCITS ETF USD (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 | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
With a correlation of 0.92, TIPG.L and ITPS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TIPG.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPG.L is cheaper with a 0.09% expense ratio, compared with 0.12% for ITPS.L.
Both ETFs track Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for TIPG.L and 0.12% for ITPS.L.
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