VAGU.L vs. TIPA.L

Last updated Jun 5, 2026

VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and TIPA.L (Lyxor Core US TIPS (DR) UCITS ETF - Acc) are both exchange-traded funds - VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while TIPA.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, VAGU.L returned 0.31%/yr vs 0.93%/yr for TIPA.L. A 0.64 correlation means they provide meaningful diversification when combined. VAGU.L charges 0.10%/yr vs 0.09%/yr for TIPA.L.

Performance

VAGU.L vs. TIPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VAGU.L achieves a 0.41% return, which is significantly lower than TIPA.L's 1.23% return.

VAGU.L

• 1D: 0.20%
• 1M: 0.00%
• YTD: 0.41%
• 6M: 0.76%
• 1Y: 3.68%
• 3Y*: 4.10%
• 5Y*: 0.31%
• 10Y*: —

TIPA.L

• 1D: 0.03%
• 1M: 0.03%
• YTD: 1.23%
• 6M: 1.23%
• 1Y: 4.69%
• 3Y*: 3.80%
• 5Y*: 0.93%
• 10Y*: —

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

VAGU.L vs. TIPA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating	0.41%	4.94%	2.73%	6.90%	-12.61%	-2.00%	5.90%	0.40%
TIPA.L Lyxor Core US TIPS (DR) UCITS ETF - Acc	1.23%	6.81%	2.09%	3.51%	-12.46%	5.91%	11.05%	0.73%

Correlation

The correlation between VAGU.L and TIPA.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019	0.64

The correlation between VAGU.L and TIPA.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

VAGU.L vs. TIPA.L — Risk / Return Rank

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

VAGU.L

VAGU.L Risk / Return Rank: 27
VAGU.L Sharpe Ratio Rank: 28
VAGU.L Sortino Ratio Rank: 28
VAGU.L Omega Ratio Rank: 26
VAGU.L Calmar Ratio Rank: 27
VAGU.L Martin Ratio Rank: 26

TIPA.L

TIPA.L Risk / Return Rank: 42
TIPA.L Sharpe Ratio Rank: 38
TIPA.L Sortino Ratio Rank: 39
TIPA.L Omega Ratio Rank: 38
TIPA.L Calmar Ratio Rank: 53
TIPA.L Martin Ratio Rank: 45

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.

VAGU.L vs. TIPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.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.

	VAGU.L	TIPA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.33	-0.36
Sortino ratio: Return per unit of downside risk	1.49	1.99	-0.50
Omega ratio: Gain probability vs. loss probability	1.17	1.24	-0.07
Calmar ratio: Return relative to maximum drawdown	1.26	2.57	-1.31
Martin ratio: Return relative to average drawdown	3.55	7.17	-3.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAGU.L vs. TIPA.L - Sharpe Ratio Comparison

The current VAGU.L Sharpe Ratio is 0.97, which is comparable to the TIPA.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of VAGU.L and TIPA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VAGU.L	TIPA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	1.33	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.16	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.42	-0.20

Drawdowns

VAGU.L vs. TIPA.L - Drawdown Comparison

The maximum VAGU.L drawdown since its inception was -17.42%, which is greater than TIPA.L's maximum drawdown of -15.11%. Use the drawdown chart below to compare losses from any high point for VAGU.L and TIPA.L.

Drawdown Indicators

	VAGU.L	TIPA.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-15.11%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-1.84%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-3.84%	-4.61%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-17.10%	-15.11%	-1.99%
Current Drawdown Current decline from peak	-1.33%	-0.79%	-0.54%
Average Drawdown Average peak-to-trough decline	-5.53%	-5.44%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.66%	+0.30%

Volatility

VAGU.L vs. TIPA.L - Volatility Comparison

Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) has a higher volatility of 1.41% compared to Lyxor Core US TIPS (DR) UCITS ETF - Acc (TIPA.L) at 1.28%. This indicates that VAGU.L's price experiences larger fluctuations and is considered to be riskier than TIPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAGU.L	TIPA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.28%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	2.40%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	3.57%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	5.95%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.73%	6.30%	-1.57%

VAGU.L vs. TIPA.L - Expense Ratio Comparison

VAGU.L has a 0.10% expense ratio, which is higher than TIPA.L's 0.09% 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

VAGU.L vs. TIPA.L - Dividend Comparison

Neither VAGU.L nor TIPA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VAGU.L and TIPA.L in my portfolio?

VAGU.L and TIPA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAGU.L or TIPA.L?

On fees, TIPA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VAGU.L or TIPA.L?

TIPA.L is cheaper with a 0.09% expense ratio, compared with 0.10% for VAGU.L.

What is the main difference between VAGU.L and TIPA.L?

VAGU.L is categorized as Global Bonds, while TIPA.L is Inflation-Protected Bonds. VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD, while TIPA.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.10% for VAGU.L and 0.09% for TIPA.L.