TP05.L vs. UBTL.L
TP05.L (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) and UBTL.L (UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis) are both Inflation-Protected Bonds funds tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, from iShares and UBS respectively. Both are passively managed. Over the past 5 years, TP05.L returned 0.21%/yr vs -4.40%/yr for UBTL.L. A 0.51 correlation means they provide meaningful diversification when combined. TP05.L charges 0.10%/yr vs 0.20%/yr for UBTL.L.
Performance
TP05.L vs. UBTL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TP05.L achieves a -0.38% return, which is significantly lower than UBTL.L's -0.05% 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*
- —
UBTL.L
- 1D
- 0.19%
- 1M
- 1.78%
- YTD
- -0.05%
- 6M
- -1.17%
- 1Y
- 5.11%
- 3Y*
- -3.66%
- 5Y*
- -4.40%
- 10Y*
- —
TP05.L vs. UBTL.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% |
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis | -0.05% | -2.86% | -3.20% | -5.34% | -24.00% | 9.31% | 19.40% | 13.92% | 0.17% | 0.20% |
Correlation
The correlation between TP05.L and UBTL.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.51 |
The correlation between TP05.L and UBTL.L shifts across timeframes, from 0.35 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TP05.L vs. UBTL.L — Risk / Return Rank
TP05.L
UBTL.L
TP05.L vs. UBTL.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 UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.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 | UBTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.64 | -0.68 |
| Martin ratioReturn relative to average drawdown | -0.07 | 1.25 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TP05.L | UBTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.54 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.29 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | -0.01 | -0.05 |
Drawdowns
TP05.L vs. UBTL.L - Drawdown Comparison
The maximum TP05.L drawdown since its inception was -23.61%, smaller than the maximum UBTL.L drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for TP05.L and UBTL.L.
Loading charts...
Drawdown Indicators
| TP05.L | UBTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -38.66% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -7.89% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -16.30% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -38.66% | +15.05% |
Current DrawdownCurrent decline from peak | -22.31% | -34.41% | +12.10% |
Average DrawdownAverage peak-to-trough decline | -10.24% | -16.79% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 4.09% | -0.21% |
Volatility
TP05.L vs. UBTL.L - Volatility Comparison
iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) has a higher volatility of 3.02% compared to UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L) at 2.36%. This indicates that TP05.L's price experiences larger fluctuations and is considered to be riskier than UBTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TP05.L | UBTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 2.36% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 6.17% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 9.40% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 15.23% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.99% | 15.34% | -6.35% |
TP05.L vs. UBTL.L - Expense Ratio Comparison
TP05.L has a 0.10% expense ratio, which is lower than UBTL.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. UBTL.L - Dividend Comparison
TP05.L's dividend yield for the trailing twelve months is around 0.06%, less than UBTL.L's 6.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis | 6.15% | 5.34% | 5.57% | 6.49% | 8.27% | 2.56% | 0.73% | 2.60% | 2.29% | 1.99% |
Frequently Asked Questions
TP05.L and UBTL.L have a correlation of 0.37, 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 UBTL.L.
Both ETFs track Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.10% for TP05.L and 0.20% for UBTL.L.
Find the right allocation for TP05.L and UBTL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer