TLDTX vs. STIP
TLDTX (T. Rowe Price U.S. Limited Duration TIPS Index Fund) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. Over the past 5 years, TLDTX returned 1.92%/yr vs 3.37%/yr for STIP. Their correlation of 0.89 suggests significant overlap in exposure. TLDTX charges 0.21%/yr vs 0.06%/yr for STIP.
Performance
TLDTX vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, TLDTX achieves a 1.81% return, which is significantly lower than STIP's 2.04% return.
TLDTX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 1.81%
- 6M
- 1.84%
- 1Y
- 4.44%
- 3Y*
- 3.87%
- 5Y*
- 1.92%
- 10Y*
- —
STIP
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 2.04%
- 6M
- 2.03%
- 1Y
- 4.68%
- 3Y*
- 5.23%
- 5Y*
- 3.37%
- 10Y*
- 3.18%
TLDTX vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 1.81% | 6.32% | 1.16% | 3.23% | -4.84% | 5.08% | 1.50% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 1.23% |
Correlation
The correlation between TLDTX and STIP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.89 |
The correlation between TLDTX and STIP has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
TLDTX vs. STIP — Risk / Return Rank
TLDTX
STIP
TLDTX vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) and iShares 0-5 Year TIPS Bond ETF (STIP). 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.
| TLDTX | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.69 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 6.76 | -5.44 |
| Martin ratioReturn relative to average drawdown | 2.59 | 26.37 | -23.78 |
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
| TLDTX | STIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 3.23 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.23 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.07 | -0.51 |
Drawdowns
TLDTX vs. STIP - Drawdown Comparison
The maximum TLDTX drawdown since its inception was -7.24%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for TLDTX and STIP.
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Drawdown Indicators
| TLDTX | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.24% | -5.50% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -0.69% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -0.95% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -7.24% | -5.50% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.50% | — |
Current DrawdownCurrent decline from peak | -1.18% | -0.03% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -0.99% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.18% | +1.50% |
Volatility
TLDTX vs. STIP - Volatility Comparison
T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) has a higher volatility of 0.69% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.40%. This indicates that TLDTX's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLDTX | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.40% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 0.99% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 1.46% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 2.75% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 2.45% | +2.03% |
TLDTX vs. STIP - Expense Ratio Comparison
TLDTX has a 0.21% expense ratio, which is higher than STIP's 0.06% 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
TLDTX vs. STIP - Dividend Comparison
TLDTX's dividend yield for the trailing twelve months is around 4.47%, more than STIP's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 4.30% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 4.47% | 4.66% | 1.63% | 4.09% | 6.45% | 4.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLDTX and STIP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLDTX has higher volatility (0.69%) compared to STIP (0.40%). In terms of maximum drawdown, TLDTX dropped -7.24% vs STIP's -5.50%.
STIP currently has the higher Sharpe Ratio (3.23 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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