UTIP.L vs. XGIU.L
UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) and XGIU.L (Xtrackers Global Inflation-Linked Bond UCITS ETF 5C) are both Inflation-Protected Bonds funds - UTIP.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD while XGIU.L tracks the Bloomberg Gbl Infl Linked TR USD. Both are passively managed. Over the past 10 years, UTIP.L returned 41.75%/yr vs 1.97%/yr for XGIU.L. At a 0.46 correlation, their price movements are largely independent. UTIP.L charges 0.17%/yr vs 0.20%/yr for XGIU.L.
Performance
UTIP.L vs. XGIU.L - Performance Comparison
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Different Trading Currencies
UTIP.L is traded in GBP, while XGIU.L is traded in GBp. To make them comparable, the XGIU.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 -0.61% return, which is significantly lower than XGIU.L's 1.28% return. Over the past 10 years, UTIP.L has outperformed XGIU.L with an annualized return of 41.75%, while XGIU.L has yielded a comparatively lower 1.97% annualized return.
UTIP.L
- 1D
- 0.00%
- 1M
- 0.96%
- YTD
- -0.61%
- 6M
- -1.42%
- 1Y
- 1.23%
- 3Y*
- -2.70%
- 5Y*
- -2.60%
- 10Y*
- 41.75%
XGIU.L
- 1D
- 0.09%
- 1M
- 0.66%
- YTD
- 1.28%
- 6M
- 0.66%
- 1Y
- 4.77%
- 3Y*
- 0.78%
- 5Y*
- -1.04%
- 10Y*
- 1.97%
UTIP.L vs. XGIU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | -0.61% | -3.83% | -0.45% | -6.33% | -8.86% | 4.03% | 279.51% | 55.61% | 265.06% | 56.18% |
XGIU.L Xtrackers Global Inflation-Linked Bond UCITS ETF 5C | 1.28% | 1.16% | -1.40% | -0.59% | -12.25% | 3.51% | 7.89% | 4.14% | 3.71% | 1.12% |
Correlation
The correlation between UTIP.L and XGIU.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.46 |
Over the past year, UTIP.L and XGIU.L have become more correlated (0.69) than their long-term average of 0.46, meaning their price movements have been converging.
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Return for Risk
UTIP.L vs. XGIU.L — Risk / Return Rank
UTIP.L
XGIU.L
UTIP.L vs. XGIU.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 Xtrackers Global Inflation-Linked Bond UCITS ETF 5C (XGIU.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 | XGIU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.60 | -1.42 |
| Martin ratioReturn relative to average drawdown | 0.38 | 3.05 | -2.67 |
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
| UTIP.L | XGIU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.93 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | -0.14 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.30 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.33 | +0.02 |
Drawdowns
UTIP.L vs. XGIU.L - Drawdown Comparison
The maximum UTIP.L drawdown since its inception was -23.72%, which is greater than XGIU.L's maximum drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for UTIP.L and XGIU.L.
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Drawdown Indicators
| UTIP.L | XGIU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -20.08% | -3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.54% | -2.97% | -3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -10.48% | -5.40% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.38% | -20.08% | -2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -23.72% | -20.08% | -3.64% |
Current DrawdownCurrent decline from peak | -21.46% | -14.69% | -6.77% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -11.04% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 1.56% | +1.71% |
Volatility
UTIP.L vs. XGIU.L - Volatility Comparison
The current volatility for SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) is 1.76%, while Xtrackers Global Inflation-Linked Bond UCITS ETF 5C (XGIU.L) has a volatility of 2.42%. This indicates that UTIP.L experiences smaller price fluctuations and is considered to be less risky than XGIU.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 | XGIU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 2.42% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 3.99% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.14% | 5.10% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 8.96% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.48% | 11.64% | +106.84% |
UTIP.L vs. XGIU.L - Expense Ratio Comparison
UTIP.L has a 0.17% expense ratio, which is lower than XGIU.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%.
Dividends
UTIP.L vs. XGIU.L - Dividend Comparison
Neither UTIP.L nor XGIU.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 69.04% | 31.90% | 67.27% | 43.97% |
XGIU.L Xtrackers Global Inflation-Linked Bond UCITS ETF 5C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTIP.L and XGIU.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UTIP.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UTIP.L is cheaper with a 0.17% expense ratio, compared with 0.20% for XGIU.L.
UTIP.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while XGIU.L tracks Bloomberg Gbl Infl Linked TR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.17% for UTIP.L and 0.20% for XGIU.L.
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