UBTL.L vs. IGIL.L
UBTL.L (UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis) and IGIL.L (iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc) are both Inflation-Protected Bonds funds - UBTL.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while IGIL.L tracks the Bloomberg World Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, UBTL.L returned -4.40%/yr vs -1.21%/yr for IGIL.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
UBTL.L vs. IGIL.L - Performance Comparison
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Different Trading Currencies
UBTL.L is traded in GBp, while IGIL.L is traded in USD. To make them comparable, the IGIL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UBTL.L achieves a -0.05% return, which is significantly lower than IGIL.L's 1.38% return.
UBTL.L
- 1D
- 0.19%
- 1M
- 1.78%
- YTD
- -0.05%
- 6M
- -1.17%
- 1Y
- 5.11%
- 3Y*
- -3.66%
- 5Y*
- -4.40%
- 10Y*
- —
IGIL.L
- 1D
- 0.08%
- 1M
- 0.64%
- YTD
- 1.38%
- 6M
- 0.32%
- 1Y
- 4.81%
- 3Y*
- 0.68%
- 5Y*
- -1.21%
- 10Y*
- 1.78%
UBTL.L vs. IGIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -2.13% |
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 1.38% | 0.72% | -1.23% | -0.17% | -12.55% | 3.91% | 8.92% | 3.71% | 1.68% | -0.94% |
Correlation
The correlation between UBTL.L and IGIL.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2016 | 0.63 |
The correlation between UBTL.L and IGIL.L shifts across timeframes, from 0.50 (1 year) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UBTL.L vs. IGIL.L — Risk / Return Rank
UBTL.L
IGIL.L
UBTL.L vs. IGIL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L) and iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.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.
| UBTL.L | IGIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.14 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.28 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.25 | 2.93 | -1.68 |
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
| UBTL.L | IGIL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.79 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | -0.13 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.40 | -0.41 |
Drawdowns
UBTL.L vs. IGIL.L - Drawdown Comparison
The maximum UBTL.L drawdown since its inception was -38.66%, which is greater than IGIL.L's maximum drawdown of -20.30%. Use the drawdown chart below to compare losses from any high point for UBTL.L and IGIL.L.
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Drawdown Indicators
| UBTL.L | IGIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -20.30% | -18.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -3.74% | -4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -5.89% | -10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -38.66% | -20.30% | -18.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.30% | — |
Current DrawdownCurrent decline from peak | -34.41% | -14.84% | -19.57% |
Average DrawdownAverage peak-to-trough decline | -16.79% | -7.16% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 1.64% | +2.45% |
Volatility
UBTL.L vs. IGIL.L - Volatility Comparison
UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L) has a higher volatility of 2.36% compared to iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) at 1.61%. This indicates that UBTL.L's price experiences larger fluctuations and is considered to be riskier than IGIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBTL.L | IGIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 1.61% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.17% | 4.98% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.40% | 6.07% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 9.34% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 10.00% | +5.34% |
UBTL.L vs. IGIL.L - Expense Ratio Comparison
Both UBTL.L and IGIL.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UBTL.L vs. IGIL.L - Dividend Comparison
UBTL.L's dividend yield for the trailing twelve months is around 6.15%, while IGIL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
UBTL.L and IGIL.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UBTL.L and IGIL.L have the same expense ratio: 0.20% per year.
UBTL.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while IGIL.L tracks Bloomberg World Government Inflation-Linked Bond Index. They also come from different issuers: UBS and iShares.
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