TP05.L vs. VUCP.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) and Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L).

TP05.L and VUCP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TP05.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Infl Linked US TIPS TR USD. It was launched on Apr 20, 2017. VUCP.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Feb 24, 2016. Both TP05.L and VUCP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TP05.L vs. VUCP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) and Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L). The values are adjusted to include any dividend payments, if applicable.

TP05.L vs. VUCP.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)	2.17%	-1.30%	6.56%	-1.34%	8.77%	6.75%	1.37%	1.64%	6.35%	-3.56%
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	0.68%	-0.91%	4.32%	1.29%	-5.38%	-0.63%	4.96%	10.22%	2.22%	-1.60%

Different Trading Currencies

TP05.L is traded in GBp, while VUCP.L is traded in GBP. To make them comparable, the VUCP.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 2.17% return, which is significantly higher than VUCP.L's 0.68% return.

TP05.L

• 1D: -0.91%
• 1M: 0.52%
• YTD: 2.17%
• 6M: 2.49%
• 1Y: 0.78%
• 3Y*: 2.18%
• 5Y*: 4.26%
• 10Y*: —

VUCP.L

• 1D: 0.07%
• 1M: -0.43%
• YTD: 0.68%
• 6M: 1.44%
• 1Y: 0.90%
• 3Y*: 1.78%
• 5Y*: 0.88%
• 10Y*: 2.73%

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

TP05.L vs. VUCP.L - Expense Ratio Comparison

TP05.L has a 0.10% expense ratio, which is higher than VUCP.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%.

TP05.L

iShares USD TIPS 0-5 UCITS ETF USD (Dist)

VUCP.L

Vanguard USD Corporate Bond UCITS ETF Distributing

Return for Risk

TP05.L vs. VUCP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TP05.L

TP05.L Risk / Return Rank: 14
TP05.L Sharpe Ratio Rank: 14
TP05.L Sortino Ratio Rank: 13
TP05.L Omega Ratio Rank: 12
TP05.L Calmar Ratio Rank: 15
TP05.L Martin Ratio Rank: 14

VUCP.L

VUCP.L Risk / Return Rank: 14
VUCP.L Sharpe Ratio Rank: 15
VUCP.L Sortino Ratio Rank: 13
VUCP.L Omega Ratio Rank: 13
VUCP.L Calmar Ratio Rank: 15
VUCP.L Martin Ratio Rank: 14

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.

TP05.L vs. VUCP.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 Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.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	VUCP.L	Difference
Sharpe ratio Return per unit of total volatility	0.11	0.16	-0.04
Sortino ratio Return per unit of downside risk	0.21	0.26	-0.05
Omega ratio Gain probability vs. loss probability	1.02	1.03	-0.01
Calmar ratio Return relative to maximum drawdown	0.17	0.15	+0.02
Martin ratio Return relative to average drawdown	0.32	0.29	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TP05.L vs. VUCP.L - Sharpe Ratio Comparison

The current TP05.L Sharpe Ratio is 0.11, which is comparable to the VUCP.L Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of TP05.L and VUCP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TP05.L	VUCP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	0.16	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.10	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.28	+0.07

Correlation

The correlation between TP05.L and VUCP.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TP05.L vs. VUCP.L - Dividend Comparison

TP05.L's dividend yield for the trailing twelve months is around 5.92%, more than VUCP.L's 3.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TP05.L iShares USD TIPS 0-5 UCITS ETF USD (Dist)	5.92%	6.05%	6.89%	5.27%	0.34%	0.35%	3.26%	3.36%	2.92%	1.05%	0.00%
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing	3.83%	4.02%	4.73%	3.57%	2.79%	1.85%	2.36%	2.64%	2.58%	2.57%	1.73%

Drawdowns

TP05.L vs. VUCP.L - Drawdown Comparison

The maximum TP05.L drawdown since its inception was -15.95%, smaller than the maximum VUCP.L drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for TP05.L and VUCP.L.

Drawdown Indicators

	TP05.L	VUCP.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.95%	-16.84%	+0.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-6.11%	-0.55%
Max Drawdown (5Y) Largest decline over 5 years	-15.95%	-13.14%	-2.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.84%	—
Current Drawdown Current decline from peak	-4.67%	-7.08%	+2.41%
Average Drawdown Average peak-to-trough decline	-6.31%	-7.66%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	3.14%	+0.43%

Volatility

TP05.L vs. VUCP.L - Volatility Comparison

iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TP05.L) has a higher volatility of 2.28% compared to Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) at 1.98%. This indicates that TP05.L's price experiences larger fluctuations and is considered to be riskier than VUCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TP05.L	VUCP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	1.98%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	4.45%	4.47%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	7.38%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.07%	8.58%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.60%	9.97%	-1.37%