TP05.L vs. GILE.L
TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) and GILE.L (iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist)) are both Inflation-Protected Bonds funds from iShares - TP05.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while GILE.L tracks the Bloomberg Gbl Infl Linked TR Hdg EUR. Both are passively managed. Over the past 5 years, TP05.L returned 0.21%/yr vs -2.55%/yr for GILE.L. At a 0.33 correlation, their price movements are largely independent. TP05.L charges 0.10%/yr vs 0.20%/yr for GILE.L.
Performance
TP05.L vs. GILE.L - Performance Comparison
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Different Trading Currencies
TP05.L is traded in GBp, while GILE.L is traded in EUR. To make them comparable, the GILE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TP05.L achieves a -0.38% return, which is significantly lower than GILE.L's 0.03% return.
TP05.L
- 1D
- -0.05%
- 1M
- -1.67%
- YTD
- -0.38%
- 6M
- -1.26%
- 1Y
- -0.27%
- 3Y*
- -3.94%
- 5Y*
- 0.21%
- 10Y*
- —
GILE.L
- 1D
- 0.14%
- 1M
- 0.37%
- YTD
- 0.03%
- 6M
- -0.55%
- 1Y
- 4.95%
- 3Y*
- 1.05%
- 5Y*
- -2.55%
- 10Y*
- —
TP05.L vs. GILE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | -0.38% | -6.85% | -0.44% | -6.21% | 8.40% | 6.35% | -1.65% | -1.59% | 3.26% | -1.32% |
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 0.03% | 7.76% | -6.57% | -0.11% | -14.94% | -1.55% | 13.63% | -0.20% | -1.86% | 2.12% |
Correlation
The correlation between TP05.L and GILE.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | 0.33 |
Over the past year, the correlation between TP05.L and GILE.L has dropped to 0.04 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
TP05.L vs. GILE.L — Risk / Return Rank
TP05.L
GILE.L
TP05.L vs. GILE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) and iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.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.
| TP05.L | GILE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.35 | -1.38 |
| Martin ratioReturn relative to average drawdown | -0.07 | 3.02 | -3.09 |
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
| TP05.L | GILE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.84 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.28 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | -0.05 | 0.00 |
Drawdowns
TP05.L vs. GILE.L - Drawdown Comparison
The maximum TP05.L drawdown since its inception was -23.61%, roughly equal to the maximum GILE.L drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for TP05.L and GILE.L.
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Drawdown Indicators
| TP05.L | GILE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -24.31% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -3.66% | -4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -7.85% | -7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -23.71% | +0.10% |
Current DrawdownCurrent decline from peak | -22.31% | -17.96% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -10.24% | -11.49% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 1.63% | +2.25% |
Volatility
TP05.L vs. GILE.L - Volatility Comparison
iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) has a higher volatility of 3.02% compared to iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) (GILE.L) at 1.68%. This indicates that TP05.L's price experiences larger fluctuations and is considered to be riskier than GILE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TP05.L | GILE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 1.68% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 4.09% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 5.90% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 8.98% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 9.29% | -0.30% |
TP05.L vs. GILE.L - Expense Ratio Comparison
TP05.L has a 0.10% expense ratio, which is lower than GILE.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%.
Dividends
TP05.L vs. GILE.L - Dividend Comparison
TP05.L's dividend yield for the trailing twelve months is around 0.06%, less than GILE.L's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GILE.L iShares Global Inflation Linked Government Bond EUR Hedged UCITS ETF (Dist) | 1.14% | 1.11% | 1.05% | 0.91% | 0.86% | 0.69% | 1.12% | 2.13% | 0.41% | 0.00% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 0.06% | 0.06% | 0.07% | 0.05% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.01% |
Frequently Asked Questions
TP05.L and GILE.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TP05.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TP05.L is cheaper with a 0.10% expense ratio, compared with 0.20% for GILE.L.
TP05.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while GILE.L tracks Bloomberg Gbl Infl Linked TR Hdg EUR. Their fees differ too: 0.10% for TP05.L and 0.20% for GILE.L.
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