TIPG.L vs. UBTS.L

Last updated Jun 5, 2026

TIPG.L (Lyxor Core US TIPS (DR) UCITS ETF - Dist) and UBTS.L (UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis) are both Inflation-Protected Bonds funds tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, from Amundi and UBS respectively. Both are passively managed. Over the past 5 years, TIPG.L returned 1.22%/yr vs 3.32%/yr for UBTS.L. Their correlation of 0.84 suggests significant overlap in exposure. TIPG.L charges 0.09%/yr vs 0.15%/yr for UBTS.L.

Performance

TIPG.L vs. UBTS.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 UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPG.L achieves a 1.46% return, which is significantly lower than UBTS.L's 1.80% return.

TIPG.L

• 1D: 0.09%
• 1M: 1.05%
• YTD: 1.46%
• 6M: -0.45%
• 1Y: 4.71%
• 3Y*: 0.24%
• 5Y*: 1.22%
• 10Y*: —

UBTS.L

• 1D: -0.10%
• 1M: 0.69%
• YTD: 1.80%
• 6M: 0.83%
• 1Y: 5.77%
• 3Y*: 2.02%
• 5Y*: 3.32%
• 10Y*: —

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

TIPG.L vs. UBTS.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%
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis	1.80%	-0.11%	4.95%	-1.59%	3.39%	6.97%	4.62%	3.52%	5.25%	-7.29%

Correlation

The correlation between TIPG.L and UBTS.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 28, 2016	0.84

The correlation between TIPG.L and UBTS.L shifts across timeframes, from 0.84 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TIPG.L vs. UBTS.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: 20
TIPG.L Sharpe Ratio Rank: 22
TIPG.L Sortino Ratio Rank: 21
TIPG.L Omega Ratio Rank: 20
TIPG.L Calmar Ratio Rank: 18
TIPG.L Martin Ratio Rank: 17

UBTS.L

UBTS.L Risk / Return Rank: 25
UBTS.L Sharpe Ratio Rank: 26
UBTS.L Sortino Ratio Rank: 25
UBTS.L Omega Ratio Rank: 24
UBTS.L Calmar Ratio Rank: 25
UBTS.L Martin Ratio Rank: 24

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. UBTS.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 UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.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	UBTS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.74	0.91	-0.17
Sortino ratio: Return per unit of downside risk	1.08	1.34	-0.25
Omega ratio: Gain probability vs. loss probability	1.13	1.16	-0.03
Calmar ratio: Return relative to maximum drawdown	0.75	1.15	-0.40
Martin ratio: Return relative to average drawdown	1.67	3.08	-1.40
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. UBTS.L - Sharpe Ratio Comparison

The current TIPG.L Sharpe Ratio is 0.74, which is comparable to the UBTS.L Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of TIPG.L and UBTS.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

	TIPG.L	UBTS.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	0.41	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.27	-0.15

Drawdowns

TIPG.L vs. UBTS.L - Drawdown Comparison

The maximum TIPG.L drawdown since its inception was -15.73%, roughly equal to the maximum UBTS.L drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for TIPG.L and UBTS.L.

Drawdown Indicators

	TIPG.L	UBTS.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.73%	-15.99%	+0.26%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-4.97%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-8.00%	-7.52%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-15.73%	-15.99%	+0.26%
Current Drawdown Current decline from peak	-10.38%	-5.74%	-4.64%
Average Drawdown Average peak-to-trough decline	-7.90%	-6.89%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	1.87%	+0.95%

Volatility

TIPG.L vs. UBTS.L - Volatility Comparison

Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) and UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) have volatilities of 1.82% and 1.78%, 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.

Volatility by Period

	TIPG.L	UBTS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	1.78%	+0.04%
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%	6.29%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.73%	8.15%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.30%	8.68%	+1.62%

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

TIPG.L has a 0.09% expense ratio, which is lower than UBTS.L's 0.15% 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. UBTS.L - Dividend Comparison

TIPG.L's dividend yield for the trailing twelve months is around 0.01%, less than UBTS.L's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis	4.01%	3.26%	4.42%	4.57%	6.66%	2.83%	0.84%	2.30%	2.38%	1.27%

Frequently Asked Questions

Can I hold both TIPG.L and UBTS.L in my portfolio?

With a correlation of 0.95, TIPG.L and UBTS.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.

Which ETF is better, TIPG.L or UBTS.L?

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.

Which ETF is cheaper, TIPG.L or UBTS.L?

TIPG.L is cheaper with a 0.09% expense ratio, compared with 0.15% for UBTS.L.

What is the main difference between TIPG.L and UBTS.L?

Both ETFs track Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.09% for TIPG.L and 0.15% for UBTS.L.