ALMIX vs. BIIPX
ALMIX (Invesco Short Duration Inflation Protected Fund) and BIIPX (iShares Short-Term TIPS Bond Index Fund) are both Inflation-Protected Bonds funds. Over the past 5 years, ALMIX returned 2.47%/yr vs 2.36%/yr for BIIPX. Their correlation of 0.80 means they have usually moved in the same direction. ALMIX charges 0.30%/yr vs 0.08%/yr for BIIPX.
Performance
ALMIX vs. BIIPX - Performance Comparison
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Returns By Period
In the year-to-date period, ALMIX achieves a 1.51% return, which is significantly higher than BIIPX's 1.07% return.
ALMIX
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 0.91%
- YTD
- 1.51%
- 1Y
- 2.54%
- 3Y*
- 4.78%
- 5Y*
- 2.47%
- 10Y*
- 2.75%
- ALL TIME*
- 3.55%
BIIPX
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- 0.54%
- YTD
- 1.07%
- 1Y
- 2.33%
- 3Y*
- 4.55%
- 5Y*
- 2.36%
- 10Y*
- —
- ALL TIME*
- 2.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ALMIX vs. BIIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMIX Invesco Short Duration Inflation Protected Fund | 1.51% | 6.13% | 4.29% | 4.17% | -4.35% | 5.20% | 5.35% | 4.84% | 0.12% | 0.45% |
BIIPX iShares Short-Term TIPS Bond Index Fund | 1.07% | 6.05% | 4.75% | 3.25% | -4.12% | 5.19% | 4.89% | 4.83% | 0.58% | 0.88% |
Correlation
The correlation between ALMIX and BIIPX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.80 |
The correlation between ALMIX and BIIPX shifts across timeframes, from 0.70 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ALMIX vs. BIIPX — Risk / Return Rank
ALMIX
BIIPX
ALMIX vs. BIIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Inflation Protected Fund (ALMIX) and iShares Short-Term TIPS Bond Index Fund (BIIPX). 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.
| ALMIX | BIIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.09 | +0.93 |
| Martin ratioReturn relative to average drawdown | 9.57 | 7.16 | +2.41 |
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Drawdowns
ALMIX vs. BIIPX - Drawdown Comparison
The maximum ALMIX drawdown since its inception was -6.61%, roughly equal to the maximum BIIPX drawdown of -6.46%. Use the drawdown chart below to compare losses from any high point for ALMIX and BIIPX.
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Drawdown Indicators
| ALMIX | BIIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.61% | -6.46% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.99% | -1.44% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -1.44% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -6.61% | -6.46% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -6.61% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.89% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -1.07% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.42% | -0.11% |
Volatility
ALMIX vs. BIIPX - Volatility Comparison
Invesco Short Duration Inflation Protected Fund (ALMIX) has a higher volatility of 0.41% compared to iShares Short-Term TIPS Bond Index Fund (BIIPX) at 0.34%. This indicates that ALMIX's price experiences larger fluctuations and is considered to be riskier than BIIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALMIX | BIIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.34% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 1.95% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.90% | 2.43% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.19% | 3.11% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 2.65% | +0.06% |
ALMIX vs. BIIPX - Expense Ratio Comparison
ALMIX has a 0.30% expense ratio, which is higher than BIIPX's 0.08% expense ratio.
Dividends
ALMIX vs. BIIPX - Dividend Comparison
ALMIX's dividend yield for the trailing twelve months is around 5.07%, more than BIIPX's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMIX Invesco Short Duration Inflation Protected Fund | 5.07% | 4.38% | 3.00% | 3.24% | 7.59% | 4.38% | 1.19% | 2.17% | 2.80% | 2.19% | 1.53% | 0.09% |
BIIPX iShares Short-Term TIPS Bond Index Fund | 4.87% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% | 0.00% | 0.00% |
Frequently Asked Questions
ALMIX and BIIPX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALMIX has higher volatility (0.41%) compared to BIIPX (0.34%). In terms of maximum drawdown, ALMIX dropped -6.61% vs BIIPX's -6.46%.
ALMIX currently has the higher Sharpe Ratio (1.58 vs 1.24), 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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