VAGP.L vs. TI5G.L
VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) and TI5G.L (iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - VAGP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while TI5G.L is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5. Both are passively managed. Over the past 5 years, VAGP.L returned -0.50%/yr vs 2.68%/yr for TI5G.L. At a 0.34 correlation, their price movements are largely independent. VAGP.L charges 0.10%/yr vs 0.12%/yr for TI5G.L.
Performance
VAGP.L vs. TI5G.L - Performance Comparison
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Returns By Period
In the year-to-date period, VAGP.L achieves a 0.13% return, which is significantly lower than TI5G.L's 1.73% return.
VAGP.L
- 1D
- 0.00%
- 1M
- -0.25%
- 6M
- -0.22%
- YTD
- 0.13%
- 1Y
- 3.20%
- 3Y*
- 3.72%
- 5Y*
- -0.50%
- 10Y*
- —
TI5G.L
- 1D
- 0.00%
- 1M
- -0.21%
- 6M
- 1.30%
- YTD
- 1.73%
- 1Y
- 3.49%
- 3Y*
- 4.82%
- 5Y*
- 2.68%
- 10Y*
- —
VAGP.L vs. TI5G.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.13% | 4.93% | 2.54% | 5.85% | -13.82% | -2.05% | 5.34% | 2.12% |
TI5G.L iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | 1.73% | 5.83% | 4.52% | 3.56% | -3.60% | 5.29% | 4.00% | 1.13% |
Correlation
The correlation between VAGP.L and TI5G.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.34 |
Over the past year, the correlation between VAGP.L and TI5G.L has dropped to 0.12 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
VAGP.L vs. TI5G.L — Risk / Return Rank
VAGP.L
TI5G.L
VAGP.L vs. TI5G.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) and iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.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.
| VAGP.L | TI5G.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.39 | -2.24 |
| Martin ratioReturn relative to average drawdown | 3.11 | 10.46 | -7.35 |
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Drawdowns
VAGP.L vs. TI5G.L - Drawdown Comparison
The maximum VAGP.L drawdown since its inception was -18.13%, which is greater than TI5G.L's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for VAGP.L and TI5G.L.
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Drawdown Indicators
| VAGP.L | TI5G.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.13% | -5.58% | -12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -1.02% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -1.43% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -5.58% | -12.13% |
Current DrawdownCurrent decline from peak | -3.81% | -0.43% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -1.00% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.33% | +0.70% |
Volatility
VAGP.L vs. TI5G.L - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) has a higher volatility of 0.96% compared to iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) at 0.82%. This indicates that VAGP.L's price experiences larger fluctuations and is considered to be riskier than TI5G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGP.L | TI5G.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.82% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 1.89% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 2.90% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 3.34% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 3.43% | +1.06% |
VAGP.L vs. TI5G.L - Expense Ratio Comparison
VAGP.L has a 0.10% expense ratio, which is lower than TI5G.L's 0.12% 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
VAGP.L vs. TI5G.L - Dividend Comparison
VAGP.L's dividend yield for the trailing twelve months is around 3.60%, less than TI5G.L's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TI5G.L iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | 5.86% | 5.97% | 6.84% | 5.19% | 0.32% | 0.34% | 3.06% | 3.29% | 2.36% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.60% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% | 0.00% |
Frequently Asked Questions
VAGP.L and TI5G.L 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.
On fees, VAGP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGP.L is cheaper with a 0.10% expense ratio, compared with 0.12% for TI5G.L.
VAGP.L is categorized as Global Bonds, while TI5G.L is Inflation-Protected Bonds. VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP, while TI5G.L tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VAGP.L and 0.12% for TI5G.L.
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