XG7U.L vs. UTIP.L
XG7U.L (Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged) and UTIP.L (SPDR Bloomberg US TIPS UCITS ETF) are both Inflation-Protected Bonds funds - XG7U.L tracks the Bloomberg Gbl Infl Linked TR Hdg USD while UTIP.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 10 years, XG7U.L returned 2.09%/yr vs 40.71%/yr for UTIP.L. At a 0.49 correlation, their price movements are largely independent. XG7U.L charges 0.25%/yr vs 0.17%/yr for UTIP.L.
Performance
XG7U.L vs. UTIP.L - Performance Comparison
Loading charts...
Different Trading Currencies
XG7U.L is traded in USD, while UTIP.L is traded in GBP. To make them comparable, the UTIP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XG7U.L achieves a 1.52% return, which is significantly higher than UTIP.L's -0.85% return. Over the past 10 years, XG7U.L has underperformed UTIP.L with an annualized return of 2.09%, while UTIP.L has yielded a comparatively higher 40.71% annualized return.
XG7U.L
- 1D
- -0.02%
- 1M
- 0.18%
- YTD
- 1.52%
- 6M
- 1.45%
- 1Y
- 4.30%
- 3Y*
- 2.90%
- 5Y*
- -0.79%
- 10Y*
- 2.09%
UTIP.L
- 1D
- 0.05%
- 1M
- 0.10%
- YTD
- -0.85%
- 6M
- -0.70%
- 1Y
- 0.27%
- 3Y*
- -0.20%
- 5Y*
- -3.62%
- 10Y*
- 40.71%
XG7U.L vs. UTIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XG7U.L Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged | 1.52% | 4.67% | -0.45% | 4.13% | -17.08% | 5.31% | 9.30% | 8.31% | -0.09% | 3.18% |
UTIP.L SPDR Bloomberg US TIPS UCITS ETF | -0.85% | 3.42% | -2.11% | -1.38% | -18.60% | 3.08% | 291.14% | 61.85% | 244.40% | 71.04% |
Correlation
The correlation between XG7U.L and UTIP.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2015 | 0.49 |
The correlation between XG7U.L and UTIP.L shifts across timeframes, from 0.42 (1 year) to 0.58 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XG7U.L vs. UTIP.L — Risk / Return Rank
XG7U.L
UTIP.L
XG7U.L vs. UTIP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged (XG7U.L) and SPDR Bloomberg US TIPS UCITS ETF (UTIP.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.
| XG7U.L | UTIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.07 | +1.63 |
| Martin ratioReturn relative to average drawdown | 4.86 | 0.17 | +4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XG7U.L | UTIP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.04 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.45 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.35 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.34 | -0.01 |
Drawdowns
XG7U.L vs. UTIP.L - Drawdown Comparison
The maximum XG7U.L drawdown since its inception was -23.33%, roughly equal to the maximum UTIP.L drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for XG7U.L and UTIP.L.
Loading charts...
Drawdown Indicators
| XG7U.L | UTIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.33% | -24.34% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -3.57% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -6.79% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -24.34% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -23.33% | -24.34% | +1.01% |
Current DrawdownCurrent decline from peak | -10.40% | -19.65% | +9.25% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -8.60% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.56% | -0.68% |
Volatility
XG7U.L vs. UTIP.L - Volatility Comparison
The current volatility for Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged (XG7U.L) is 1.51%, while SPDR Bloomberg US TIPS UCITS ETF (UTIP.L) has a volatility of 2.21%. This indicates that XG7U.L experiences smaller price fluctuations and is considered to be less risky than UTIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XG7U.L | UTIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.21% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 4.56% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 6.37% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 7.98% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.00% | 117.48% | -110.48% |
XG7U.L vs. UTIP.L - Expense Ratio Comparison
XG7U.L has a 0.25% expense ratio, which is higher than UTIP.L's 0.17% 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
XG7U.L vs. UTIP.L - Dividend Comparison
Neither XG7U.L nor UTIP.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% |
XG7U.L Xtrackers Global Inflation-Linked Bond UCITS ETF 2C USD hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XG7U.L and UTIP.L have a correlation of 0.42, 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 0.25% for XG7U.L.
XG7U.L tracks Bloomberg Gbl Infl Linked TR Hdg USD, while UTIP.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XG7U.L and 0.17% for UTIP.L.
Find the right allocation for XG7U.L and UTIP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer