UTIP.L vs. 0TPE.L
UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) and 0TPE.L (iShares $ TIPS UCITS ETF EUR Hedged (Acc)) are both Inflation-Protected Bonds funds - UTIP.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while 0TPE.L tracks the Bloomberg US Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, UTIP.L returned 0.84%/yr vs -1.75%/yr for 0TPE.L. Their 0.33 correlation means their historical movements had little consistent relationship. UTIP.L charges 0.17%/yr vs 0.12%/yr for 0TPE.L.
Performance
UTIP.L vs. 0TPE.L - Performance Comparison
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Different Trading Currencies
UTIP.L is traded in GBP, while 0TPE.L is traded in EUR. To make them comparable, the 0TPE.L 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 higher than 0TPE.L's -2.61% 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%
0TPE.L
- 1D
- -0.07%
- 1M
- -2.31%
- 6M
- -2.06%
- YTD
- -2.61%
- 1Y
- -1.92%
- 3Y*
- 1.31%
- 5Y*
- -1.75%
- 10Y*
- —
- ALL TIME*
- 0.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £66.71K | £77.16K | £418.07K | |
| £13.21K | £29.55K | £26.44K |
UTIP.L vs. 0TPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 1.16% | -0.43% | 3.62% | -2.21% | -2.41% | 7.59% | 7.22% | 5.24% | 9.64% |
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | -2.61% | 10.06% | -4.55% | -0.65% | -9.46% | -2.84% | 16.58% | -0.01% | -1.63% |
Correlation
The correlation between UTIP.L and 0TPE.L is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2018 | 0.33 |
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Return for Risk
UTIP.L vs. 0TPE.L — Risk / Return Rank
UTIP.L
0TPE.L
UTIP.L vs. 0TPE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) and iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.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.
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 | 0TPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.96 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.29 | +1.04 |
| Martin ratioReturn relative to average drawdown | 1.82 | -0.72 | +2.54 |
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Drawdowns
UTIP.L vs. 0TPE.L - Drawdown Comparison
The maximum UTIP.L drawdown since its inception was -15.81%, smaller than the maximum 0TPE.L drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for UTIP.L and 0TPE.L.
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Drawdown Indicators
| UTIP.L | 0TPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.81% | -17.83% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -4.91% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -5.73% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -17.68% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -15.81% | — | — |
Current DrawdownCurrent decline from peak | -8.37% | -11.11% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -8.51% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.00% | +0.22% |
Volatility
UTIP.L vs. 0TPE.L - Volatility Comparison
The current volatility for SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) is 1.21%, while iShares $ TIPS UCITS ETF EUR Hedged (Acc) (0TPE.L) has a volatility of 1.61%. This indicates that UTIP.L experiences smaller price fluctuations and is considered to be less risky than 0TPE.L 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 | 0TPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.61% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 3.89% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 5.27% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.73% | 9.63% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 10.80% | -1.46% |
UTIP.L vs. 0TPE.L - Expense Ratio Comparison
UTIP.L has a 0.17% expense ratio, which is higher than 0TPE.L's 0.12% 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%.
Dividends
UTIP.L vs. 0TPE.L - Dividend Comparison
UTIP.L's dividend yield for the trailing twelve months is around 4.44%, while 0TPE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
0TPE.L iShares $ TIPS UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 4.44% | 3.57% | 4.00% | 4.37% | 7.34% | 3.24% | 0.69% | 1.75% | 3.69% | 2.50% | 1.67% |
Frequently Asked Questions
UTIP.L and 0TPE.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0TPE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0TPE.L is cheaper with a 0.12% expense ratio, compared with 0.17% for UTIP.L.
UTIP.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while 0TPE.L tracks Bloomberg US Government Inflation-Linked Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.17% for UTIP.L and 0.12% for 0TPE.L.
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