TPSA.AS vs. VGLT

Last updated Apr 1, 2026

Compare and contrast key facts about iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and Vanguard Long-Term Treasury ETF (VGLT).

TPSA.AS and VGLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPSA.AS 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 Dec 8, 2006. VGLT is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009. Both TPSA.AS and VGLT 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

TPSA.AS vs. VGLT - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and Vanguard Long-Term Treasury ETF (VGLT). The values are adjusted to include any dividend payments, if applicable.

TPSA.AS vs. VGLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPSA.AS iShares $ TIPS UCITS ETF USD (Acc)	2.26%	-5.59%	8.47%	0.33%	-7.67%	15.08%	1.51%	11.11%	3.08%	-9.23%
VGLT Vanguard Long-Term Treasury ETF	1.49%	-7.16%	-0.09%	0.18%	-24.97%	2.13%	7.88%	16.89%	3.09%	-4.71%

Different Trading Currencies

TPSA.AS is traded in EUR, while VGLT is traded in USD. To make them comparable, the VGLT values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, TPSA.AS achieves a 2.26% return, which is significantly higher than VGLT's 1.49% return. Over the past 10 years, TPSA.AS has outperformed VGLT with an annualized return of 2.40%, while VGLT has yielded a comparatively lower -1.01% annualized return.

TPSA.AS

• 1D: -0.65%
• 1M: 1.11%
• YTD: 2.26%
• 6M: 2.13%
• 1Y: -3.56%
• 3Y*: 1.21%
• 5Y*: 1.70%
• 10Y*: 2.40%

VGLT

• 1D: -0.90%
• 1M: -1.83%
• YTD: 1.49%
• 6M: 0.97%
• 1Y: -6.05%
• 3Y*: -3.66%
• 5Y*: -4.53%
• 10Y*: -1.01%

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

TPSA.AS vs. VGLT - Expense Ratio Comparison

TPSA.AS has a 0.12% expense ratio, which is higher than VGLT's 0.03% 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%.

TPSA.AS

iShares $ TIPS UCITS ETF USD (Acc)

VGLT

Vanguard Long-Term Treasury ETF

Return for Risk

TPSA.AS vs. VGLT — Risk / Return Rank

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

TPSA.AS

TPSA.AS Risk / Return Rank: 5
TPSA.AS Sharpe Ratio Rank: 5
TPSA.AS Sortino Ratio Rank: 4
TPSA.AS Omega Ratio Rank: 4
TPSA.AS Calmar Ratio Rank: 7
TPSA.AS Martin Ratio Rank: 8

VGLT

VGLT Risk / Return Rank: 14
VGLT Sharpe Ratio Rank: 13
VGLT Sortino Ratio Rank: 12
VGLT Omega Ratio Rank: 12
VGLT Calmar Ratio Rank: 16
VGLT Martin Ratio Rank: 15

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.

TPSA.AS vs. VGLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and Vanguard Long-Term Treasury ETF (VGLT). 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.

	TPSA.AS	VGLT	Difference
Sharpe ratio Return per unit of total volatility	-0.43	-0.50	+0.08
Sortino ratio Return per unit of downside risk	-0.50	-0.58	+0.08
Omega ratio Gain probability vs. loss probability	0.93	0.92	+0.01
Calmar ratio Return relative to maximum drawdown	-0.31	-0.43	+0.12
Martin ratio Return relative to average drawdown	-0.46	-0.63	+0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPSA.AS vs. VGLT - Sharpe Ratio Comparison

The current TPSA.AS Sharpe Ratio is -0.43, which is comparable to the VGLT Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of TPSA.AS and VGLT, 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

	TPSA.AS	VGLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	-0.50	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	-0.30	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	-0.07	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.26	+0.20

Correlation

The correlation between TPSA.AS and VGLT is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TPSA.AS vs. VGLT - Dividend Comparison

TPSA.AS has not paid dividends to shareholders, while VGLT's dividend yield for the trailing twelve months is around 4.49%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TPSA.AS iShares $ TIPS UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGLT Vanguard Long-Term Treasury ETF	4.49%	4.44%	4.33%	3.33%	2.84%	1.82%	2.15%	2.46%	2.71%	2.55%	2.69%	3.21%

Drawdowns

TPSA.AS vs. VGLT - Drawdown Comparison

The maximum TPSA.AS drawdown since its inception was -19.92%, smaller than the maximum VGLT drawdown of -44.51%. Use the drawdown chart below to compare losses from any high point for TPSA.AS and VGLT.

Drawdown Indicators

	TPSA.AS	VGLT	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-46.18%	+26.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-8.48%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-15.19%	-40.98%	+25.79%
Max Drawdown (10Y) Largest decline over 10 years	-15.80%	-46.18%	+30.38%
Current Drawdown Current decline from peak	-8.33%	-36.63%	+28.30%
Average Drawdown Average peak-to-trough decline	-6.57%	-14.83%	+8.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.78%	3.85%	+1.93%

Volatility

TPSA.AS vs. VGLT - Volatility Comparison

The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) is 2.26%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.46%. This indicates that TPSA.AS experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPSA.AS	VGLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	3.46%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	4.05%	6.73%	-2.68%
Volatility (1Y) Calculated over the trailing 1-year period	8.45%	12.11%	-3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.40%	15.12%	-6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.19%	14.68%	-6.49%