TP05.L vs. TIPG.L
TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) and TIPG.L (Lyxor Core US TIPS (DR) UCITS ETF - Dist) are both Inflation-Protected Bonds funds tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, TP05.L returned 0.21%/yr vs 1.22%/yr for TIPG.L. A 0.80 correlation means they provide meaningful diversification when combined. TP05.L charges 0.10%/yr vs 0.09%/yr for TIPG.L.
Performance
TP05.L vs. TIPG.L - Performance Comparison
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Returns By Period
In the year-to-date period, TP05.L achieves a -0.38% return, which is significantly lower than TIPG.L's 1.46% 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*
- —
TIPG.L
- 1D
- 0.09%
- 1M
- 1.05%
- YTD
- 1.46%
- 6M
- -0.45%
- 1Y
- 4.71%
- 3Y*
- 0.24%
- 5Y*
- 1.22%
- 10Y*
- —
TP05.L vs. TIPG.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% | -4.52% |
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% | -2.91% |
Correlation
The correlation between TP05.L and TIPG.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.80 |
The correlation between TP05.L and TIPG.L has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
TP05.L vs. TIPG.L — Risk / Return Rank
TP05.L
TIPG.L
TP05.L vs. TIPG.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 Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.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 | TIPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.75 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.07 | 1.67 | -1.74 |
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 | TIPG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.74 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.14 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.11 | -0.17 |
Drawdowns
TP05.L vs. TIPG.L - Drawdown Comparison
The maximum TP05.L drawdown since its inception was -23.61%, which is greater than TIPG.L's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for TP05.L and TIPG.L.
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Drawdown Indicators
| TP05.L | TIPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -15.73% | -7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -6.27% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -8.00% | -7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -15.73% | -7.88% |
Current DrawdownCurrent decline from peak | -22.31% | -10.38% | -11.93% |
Average DrawdownAverage peak-to-trough decline | -10.24% | -7.90% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.82% | +1.06% |
Volatility
TP05.L vs. TIPG.L - Volatility Comparison
iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) has a higher volatility of 3.02% compared to Lyxor Core US TIPS (DR) UCITS ETF - Dist (TIPG.L) at 1.82%. This indicates that TP05.L's price experiences larger fluctuations and is considered to be riskier than TIPG.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 | TIPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 1.82% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 4.67% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 6.38% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 8.73% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 10.30% | -1.31% |
TP05.L vs. TIPG.L - Expense Ratio Comparison
TP05.L has a 0.10% expense ratio, which is higher than TIPG.L's 0.09% expense ratio. However, 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. TIPG.L - Dividend Comparison
TP05.L's dividend yield for the trailing twelve months is around 0.06%, more than TIPG.L's 0.01% 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% |
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 TIPG.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.10% for TP05.L.
Both ETFs track Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.10% for TP05.L and 0.09% for TIPG.L.
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