TP05.L vs. IWFV.L
TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) and IWFV.L (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - TP05.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while IWFV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, TP05.L returned 3.54%/yr vs 16.75%/yr for IWFV.L. At a 0.09 correlation, their price movements are largely independent. TP05.L charges 0.10%/yr vs 0.30%/yr for IWFV.L.
Performance
TP05.L vs. IWFV.L - Performance Comparison
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Returns By Period
In the year-to-date period, TP05.L achieves a 2.09% return, which is significantly lower than IWFV.L's 27.74% return.
TP05.L
- 1D
- 0.28%
- 1M
- -0.41%
- 6M
- 1.44%
- YTD
- 2.09%
- 1Y
- 3.34%
- 3Y*
- 3.89%
- 5Y*
- 3.54%
- 10Y*
- —
IWFV.L
- 1D
- -0.24%
- 1M
- -5.28%
- 6M
- 22.71%
- YTD
- 27.74%
- 1Y
- 53.97%
- 3Y*
- 24.39%
- 5Y*
- 16.75%
- 10Y*
- 12.06%
TP05.L vs. IWFV.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) | 2.09% | -1.22% | 5.72% | -1.34% | 8.77% | 6.75% | 1.37% | 1.64% | 3.23% | -26.73% |
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF | 27.74% | 30.69% | 6.85% | 13.02% | 0.95% | 21.60% | -6.91% | 14.69% | -9.34% | 13.10% |
Correlation
The correlation between TP05.L and IWFV.L is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2017 | 0.09 |
The correlation between TP05.L and IWFV.L shifts across timeframes, from -0.07 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TP05.L vs. IWFV.L — Risk / Return Rank
TP05.L
IWFV.L
TP05.L vs. IWFV.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 Edge MSCI World Value Factor UCITS ETF (IWFV.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.
| TP05.L | IWFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.65 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 7.59 | -6.91 |
| Martin ratioReturn relative to average drawdown | 1.85 | 23.93 | -22.09 |
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Drawdowns
TP05.L vs. IWFV.L - Drawdown Comparison
The maximum TP05.L drawdown since its inception was -30.62%, smaller than the maximum IWFV.L drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for TP05.L and IWFV.L.
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Drawdown Indicators
| TP05.L | IWFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.62% | -42.78% | +12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -7.08% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -19.86% | +11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -19.86% | +3.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.79% | — |
Current DrawdownCurrent decline from peak | -5.43% | -7.02% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -11.20% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.25% | -0.45% |
Volatility
TP05.L vs. IWFV.L - Volatility Comparison
The current volatility for iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) is 1.21%, while iShares Edge MSCI World Value Factor UCITS ETF (IWFV.L) has a volatility of 5.71%. This indicates that TP05.L experiences smaller price fluctuations and is considered to be less risky than IWFV.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 | IWFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 5.71% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 13.15% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.95% | 14.94% | -7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 19.04% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.24% | 17.94% | -6.70% |
TP05.L vs. IWFV.L - Expense Ratio Comparison
TP05.L has a 0.10% expense ratio, which is lower than IWFV.L's 0.30% expense ratio.
Dividends
TP05.L vs. IWFV.L - Dividend Comparison
TP05.L's dividend yield for the trailing twelve months is around 5.88%, while IWFV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 5.88% | 6.05% | 6.10% | 5.27% | 0.34% | 0.36% | 3.26% | 3.36% |
Frequently Asked Questions
TP05.L and IWFV.L have a correlation of -0.07, 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 0.30% for IWFV.L.
TP05.L is categorized as Inflation-Protected Bonds, while IWFV.L is Global Equities. TP05.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IWFV.L tracks MSCI ACWI Value NR USD. Their fees differ too: 0.10% for TP05.L and 0.30% for IWFV.L.
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