UTIP.L vs. GILG.L

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) and iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L).

UTIP.L and GILG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTIP.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Gbl Infl Linked US TIPS TR USD. It was launched on Dec 2, 2015. GILG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Infl Linked TR Hdg GBP. It was launched on Nov 10, 2020. Both UTIP.L and GILG.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

UTIP.L vs. GILG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) and iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L). The values are adjusted to include any dividend payments, if applicable.

UTIP.L vs. GILG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UTIP.L SPDR Bloomberg US TIPS UCITS ETF	0.06%	759.16%	55.02%	-25.18%	-81.67%	990.92%	-1.97%
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)	0.74%	4.23%	-0.86%	3.12%	-18.45%	5.19%	2.37%

Returns By Period

In the year-to-date period, UTIP.L achieves a 0.06% return, which is significantly lower than GILG.L's 0.74% return.

UTIP.L

• 1D: -0.09%
• 1M: 0.52%
• YTD: 0.06%
• 6M: -0.05%
• 1Y: -170.22%
• 3Y*: —
• 5Y*: —
• 10Y*: 162.70%

GILG.L

• 1D: 0.23%
• 1M: -1.68%
• YTD: 0.74%
• 6M: 1.53%
• 1Y: 3.26%
• 3Y*: 1.33%
• 5Y*: -1.22%
• 10Y*: —

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

UTIP.L vs. GILG.L - Expense Ratio Comparison

UTIP.L has a 0.17% expense ratio, which is lower than GILG.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

GILG.L

iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)

UTIP.L

SPDR Bloomberg US TIPS UCITS ETF

Return for Risk

UTIP.L vs. GILG.L — Risk / Return Rank

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

GILG.L

GILG.L Risk / Return Rank: 31
GILG.L Sharpe Ratio Rank: 32
GILG.L Sortino Ratio Rank: 29
GILG.L Omega Ratio Rank: 26
GILG.L Calmar Ratio Rank: 35
GILG.L Martin Ratio Rank: 33

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.

UTIP.L vs. GILG.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 Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.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.

	UTIP.L	GILG.L	Difference
Sharpe ratio Return per unit of total volatility	—	0.59	—
Sortino ratio Return per unit of downside risk	-1.00	0.84	-1.85
Omega ratio Gain probability vs. loss probability	0.20	1.11	-0.90
Calmar ratio Return relative to maximum drawdown	-26.00	0.89	-26.89
Martin ratio Return relative to average drawdown	-66.02	2.95	-68.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UTIP.L	GILG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	-0.14	+0.38

Correlation

The correlation between UTIP.L and GILG.L is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UTIP.L vs. GILG.L - Dividend Comparison

UTIP.L's dividend yield for the trailing twelve months is around 242.59%, more than GILG.L's 0.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
UTIP.L SPDR Bloomberg US TIPS UCITS ETF	242.59%	357.31%	401.00%	438.51%	732.48%	324.16%	69.04%	175.49%	275.26%	191.23%	126.55%
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)	0.92%	0.96%	0.87%	0.79%	0.72%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

UTIP.L vs. GILG.L - Drawdown Comparison

The maximum UTIP.L drawdown since its inception was -1,359.33%, which is greater than GILG.L's maximum drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for UTIP.L and GILG.L.

Drawdown Indicators

	UTIP.L	GILG.L	Difference
Max Drawdown Largest peak-to-trough decline	-1,359.33%	-24.23%	-1,335.10%
Max Drawdown (1Y) Largest decline over 1 year	-171.94%	-3.24%	-168.70%
Max Drawdown (5Y) Largest decline over 5 years	-181.84%	-24.23%	-157.61%
Max Drawdown (10Y) Largest decline over 10 years	-1,359.33%	—	—
Current Drawdown Current decline from peak	-3.14%	-14.10%	+10.96%
Average Drawdown Average peak-to-trough decline	-184.91%	-13.10%	-171.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	0.98%	+1.60%

Volatility

UTIP.L vs. GILG.L - Volatility Comparison

SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) has a higher volatility of 2.14% compared to iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) at 1.85%. This indicates that UTIP.L's price experiences larger fluctuations and is considered to be riskier than GILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTIP.L	GILG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	1.85%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	4.81%	3.13%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	170.58%	5.50%	+165.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	640.14%	7.76%	+632.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	681.36%	7.60%	+673.76%