XGIU.L vs. UBTL.L

Last updated Jun 5, 2026

XGIU.L (Xtrackers Global Inflation-Linked Bond UCITS ETF 5C) and UBTL.L (UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis) are both Inflation-Protected Bonds funds - XGIU.L tracks the Bloomberg Gbl Infl Linked TR USD while UBTL.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, XGIU.L returned -1.04%/yr vs -4.40%/yr for UBTL.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

XGIU.L vs. UBTL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Global Inflation-Linked Bond UCITS ETF 5C (XGIU.L) and UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XGIU.L achieves a 1.28% return, which is significantly higher than UBTL.L's -0.05% return.

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%

UBTL.L

• 1D: 0.19%
• 1M: 1.78%
• YTD: -0.05%
• 6M: -1.17%
• 1Y: 5.11%
• 3Y*: -3.66%
• 5Y*: -4.40%
• 10Y*: —

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

XGIU.L vs. UBTL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis	-0.05%	-2.86%	-3.20%	-5.34%	-24.00%	9.31%	19.40%	13.92%	0.17%	-2.13%

Correlation

The correlation between XGIU.L and UBTL.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 28, 2016	0.49

Over the past year, XGIU.L and UBTL.L have become more correlated (0.74) than their long-term average of 0.49, meaning their price movements have been converging.

Return for Risk

XGIU.L vs. UBTL.L — Risk / Return Rank

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

XGIU.L

XGIU.L Risk / Return Rank: 27
XGIU.L Sharpe Ratio Rank: 27
XGIU.L Sortino Ratio Rank: 25
XGIU.L Omega Ratio Rank: 26
XGIU.L Calmar Ratio Rank: 33
XGIU.L Martin Ratio Rank: 24

UBTL.L

UBTL.L Risk / Return Rank: 17
UBTL.L Sharpe Ratio Rank: 18
UBTL.L Sortino Ratio Rank: 18
UBTL.L Omega Ratio Rank: 17
UBTL.L Calmar Ratio Rank: 17
UBTL.L Martin Ratio Rank: 15

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.

XGIU.L vs. UBTL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Global Inflation-Linked Bond UCITS ETF 5C (XGIU.L) and UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.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.

	XGIU.L	UBTL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.93	0.54	+0.39
Sortino ratio: Return per unit of downside risk	1.32	0.85	+0.48
Omega ratio: Gain probability vs. loss probability	1.17	1.10	+0.07
Calmar ratio: Return relative to maximum drawdown	1.60	0.64	+0.96
Martin ratio: Return relative to average drawdown	3.05	1.25	+1.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGIU.L vs. UBTL.L - Sharpe Ratio Comparison

The current XGIU.L Sharpe Ratio is 0.93, which is higher than the UBTL.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of XGIU.L and UBTL.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

	XGIU.L	UBTL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	0.54	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	-0.29	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	-0.01	+0.34

Drawdowns

XGIU.L vs. UBTL.L - Drawdown Comparison

The maximum XGIU.L drawdown since its inception was -20.08%, smaller than the maximum UBTL.L drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for XGIU.L and UBTL.L.

Drawdown Indicators

	XGIU.L	UBTL.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.08%	-38.66%	+18.58%
Max Drawdown (1Y) Largest decline over 1 year	-2.97%	-7.89%	+4.92%
Max Drawdown (3Y) Largest decline over 3 years	-5.40%	-16.30%	+10.90%
Max Drawdown (5Y) Largest decline over 5 years	-20.08%	-38.66%	+18.58%
Max Drawdown (10Y) Largest decline over 10 years	-20.08%	—	—
Current Drawdown Current decline from peak	-14.69%	-34.41%	+19.72%
Average Drawdown Average peak-to-trough decline	-11.04%	-16.79%	+5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	4.09%	-2.53%

Volatility

XGIU.L vs. UBTL.L - Volatility Comparison

Xtrackers Global Inflation-Linked Bond UCITS ETF 5C (XGIU.L) and UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L) have volatilities of 2.42% and 2.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGIU.L	UBTL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	2.36%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.99%	6.17%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	5.10%	9.40%	-4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.96%	15.23%	-6.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.64%	15.34%	-3.70%

XGIU.L vs. UBTL.L - Expense Ratio Comparison

Both XGIU.L and UBTL.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XGIU.L vs. UBTL.L - Dividend Comparison

XGIU.L has not paid dividends to shareholders, while UBTL.L's dividend yield for the trailing twelve months is around 6.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis	6.15%	5.34%	5.57%	6.49%	8.27%	2.56%	0.73%	2.60%	2.29%	1.99%
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

Can I hold both XGIU.L and UBTL.L in my portfolio?

XGIU.L and UBTL.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGIU.L or UBTL.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XGIU.L or UBTL.L?

XGIU.L and UBTL.L have the same expense ratio: 0.20% per year.

What is the main difference between XGIU.L and UBTL.L?

XGIU.L tracks Bloomberg Gbl Infl Linked TR USD, while UBTL.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: Xtrackers and UBS.