UTIP.L vs. VWIAX
UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both funds - UTIP.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while VWIAX is a Diversified Portfolio fund actively managed by Vanguard. UTIP.L is passively managed, while VWIAX is actively managed. Over the past 10 years, UTIP.L returned 2.15%/yr vs 5.66%/yr for VWIAX. A 0.63 correlation means they provide meaningful diversification when combined. UTIP.L charges 0.17%/yr vs 0.16%/yr for VWIAX.
Performance
UTIP.L vs. VWIAX - Performance Comparison
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Different Trading Currencies
UTIP.L is traded in GBP, while VWIAX is traded in USD. To make them comparable, the VWIAX 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 1.62% return, which is significantly lower than VWIAX's 4.75% return. Over the past 10 years, UTIP.L has underperformed VWIAX with an annualized return of 2.15%, while VWIAX has yielded a comparatively higher 5.66% annualized return.
UTIP.L
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 2.23%
- YTD
- 1.62%
- 1Y
- 5.79%
- 3Y*
- 2.73%
- 5Y*
- 1.15%
- 10Y*
- 2.15%
VWIAX
- 1D
- -0.10%
- 1M
- 0.92%
- 6M
- 4.65%
- YTD
- 4.75%
- 1Y
- 11.23%
- 3Y*
- 6.76%
- 5Y*
- 4.84%
- 10Y*
- 5.66%
UTIP.L vs. VWIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 1.62% | -0.43% | 3.62% | -2.21% | -2.41% | 7.59% | 7.22% | 5.24% | 5.31% | -5.38% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 4.75% | 3.17% | 7.78% | 1.72% | 1.78% | 9.58% | 5.34% | 12.04% | 3.29% | -0.09% |
Correlation
The correlation between UTIP.L and VWIAX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015 | 0.63 |
The correlation between UTIP.L and VWIAX shifts across timeframes, from 0.51 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UTIP.L vs. VWIAX — Risk / Return Rank
UTIP.L
VWIAX
UTIP.L vs. VWIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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 | VWIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.13 | -2.06 |
| Martin ratioReturn relative to average drawdown | 2.68 | 9.64 | -6.96 |
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Drawdowns
UTIP.L vs. VWIAX - Drawdown Comparison
The maximum UTIP.L drawdown since its inception was -15.81%, which is greater than VWIAX's maximum drawdown of -11.57%. Use the drawdown chart below to compare losses from any high point for UTIP.L and VWIAX.
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Drawdown Indicators
| UTIP.L | VWIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.81% | -11.57% | -4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -3.58% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -10.77% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -11.30% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -15.81% | -11.30% | -4.51% |
Current DrawdownCurrent decline from peak | -7.94% | -1.13% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -3.11% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.16% | +1.00% |
Volatility
UTIP.L vs. VWIAX - Volatility Comparison
The current volatility for SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) is 1.56%, while Vanguard Wellesley Income Fund Admiral Shares (VWIAX) has a volatility of 1.69%. This indicates that UTIP.L experiences smaller price fluctuations and is considered to be less risky than VWIAX 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 | VWIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.69% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 5.18% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 6.48% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.77% | 8.07% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 9.19% | +0.21% |
UTIP.L vs. VWIAX - Expense Ratio Comparison
UTIP.L has a 0.17% expense ratio, which is higher than VWIAX's 0.16% 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. VWIAX - Dividend Comparison
UTIP.L's dividend yield for the trailing twelve months is around 4.42%, less than VWIAX's 7.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 4.42% | 3.57% | 4.00% | 4.37% | 7.34% | 3.24% | 0.69% | 1.75% | 3.69% | 2.50% | 1.67% | 0.00% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 7.82% | 7.93% | 6.69% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 3.25% | 4.07% | 5.66% |
Frequently Asked Questions
UTIP.L and VWIAX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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