UTIP.L vs. ^GSPC
UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) is Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, UTIP.L returned 2.37%/yr vs 12.92%/yr for ^GSPC. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
UTIP.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
UTIP.L is traded in GBP, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, UTIP.L achieves a 1.16% return, which is significantly lower than ^GSPC's 9.54% return. Over the past 10 years, UTIP.L has underperformed ^GSPC with an annualized return of 2.37%, while ^GSPC has yielded a comparatively higher 12.92% annualized return.
UTIP.L
- 1D
- -0.14%
- 1M
- -1.78%
- 6M
- 2.14%
- YTD
- 1.16%
- 1Y
- 3.23%
- 3Y*
- 2.12%
- 5Y*
- 0.84%
- 10Y*
- 2.37%
- ALL TIME*
- 4.12%
^GSPC
- 1D
- 0.04%
- 1M
- -0.12%
- 6M
- 9.80%
- YTD
- 9.54%
- 1Y
- 17.06%
- 3Y*
- 16.28%
- 5Y*
- 11.64%
- 10Y*
- 12.92%
- ALL TIME*
- 11.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | £27.49T | £29.48T | £30.70T |
| £13.21K | £29.55K | £26.44K |
UTIP.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 1.16% | -0.43% | 3.62% | -2.21% | -2.41% | 7.59% | 7.22% | 5.24% | 5.31% | -5.38% |
^GSPC S&P 500 Index | 9.54% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between UTIP.L and ^GSPC is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015 | 0.24 |
The correlation between UTIP.L and ^GSPC shifts across timeframes, from 0.12 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UTIP.L vs. ^GSPC — Risk / Return Rank
UTIP.L
^GSPC
UTIP.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UTIP.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.27 | -1.52 |
| Martin ratioReturn relative to average drawdown | 1.82 | 8.20 | -6.38 |
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Drawdowns
UTIP.L vs. ^GSPC - Drawdown Comparison
The maximum UTIP.L drawdown since its inception was -15.81%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for UTIP.L and ^GSPC.
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Drawdown Indicators
| UTIP.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.81% | -37.07% | +21.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -8.03% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -22.15% | +13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -22.15% | +6.34% |
Max Drawdown (10Y)Largest decline over 10 years | -15.81% | -26.01% | +10.20% |
Current DrawdownCurrent decline from peak | -8.37% | -1.98% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -5.30% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.22% | 0.00% |
Volatility
UTIP.L vs. ^GSPC - Volatility Comparison
The current volatility for SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) is 1.21%, while S&P 500 Index (^GSPC) has a volatility of 2.58%. This indicates that UTIP.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTIP.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 2.58% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 8.63% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 12.13% | -5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.73% | 15.94% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 18.05% | -8.71% |
Frequently Asked Questions
UTIP.L and ^GSPC have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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