ARE vs. TIPX

Last updated Jun 26, 2026

ARE (Alexandria Real Estate Equities, Inc.) is a stock, while TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) is Inflation-Protected Bonds fund tracking the Bloomberg US Govt Inflation-Linked (1-10 Y). Over the past 10 years, ARE returned -2.59%/yr vs 2.86%/yr for TIPX. At a 0.17 correlation, their price movements are largely independent.

Performance

ARE vs. TIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alexandria Real Estate Equities, Inc. (ARE) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARE achieves a 10.61% return, which is significantly higher than TIPX's 1.18% return. Over the past 10 years, ARE has underperformed TIPX with an annualized return of -2.59%, while TIPX has yielded a comparatively higher 2.86% annualized return.

ARE

• 1D: 4.00%
• 1M: 9.94%
• YTD: 10.61%
• 6M: 12.66%
• 1Y: -22.87%
• 3Y*: -18.33%
• 5Y*: -18.58%
• 10Y*: -2.59%

TIPX

• 1D: 0.16%
• 1M: -0.28%
• YTD: 1.18%
• 6M: 1.18%
• 1Y: 3.61%
• 3Y*: 4.64%
• 5Y*: 2.21%
• 10Y*: 2.86%

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

ARE vs. TIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARE Alexandria Real Estate Equities, Inc.	10.61%	-46.60%	-19.44%	-9.11%	-32.62%	28.09%	13.27%	44.04%	-8.97%	20.95%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	1.18%	7.15%	3.08%	4.43%	-7.58%	5.42%	8.51%	6.60%	-0.32%	2.54%

Correlation

The correlation between ARE and TIPX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since May 30, 2013	0.17

Return for Risk

ARE vs. TIPX — Risk / Return Rank

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

ARE

ARE Risk / Return Rank: 25
ARE Sharpe Ratio Rank: 20
ARE Sortino Ratio Rank: 23
ARE Omega Ratio Rank: 22
ARE Calmar Ratio Rank: 28
ARE Martin Ratio Rank: 30

TIPX

TIPX Risk / Return Rank: 51
TIPX Sharpe Ratio Rank: 44
TIPX Sortino Ratio Rank: 46
TIPX Omega Ratio Rank: 43
TIPX Calmar Ratio Rank: 65
TIPX Martin Ratio Rank: 56

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.

ARE vs. TIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alexandria Real Estate Equities, Inc. (ARE) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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.

	ARE	TIPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	1.36	-1.88
Sortino ratio: Return per unit of downside risk	-0.44	2.04	-2.48
Omega ratio: Gain probability vs. loss probability	0.94	1.25	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.44	2.81	-3.25
Martin ratio: Return relative to average drawdown	-0.69	8.58	-9.27

ARE vs. TIPX - Sharpe Ratio Comparison

The current ARE Sharpe Ratio is -0.52, which is lower than the TIPX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of ARE and TIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARE vs. TIPX - Drawdown Comparison

The maximum ARE drawdown since its inception was -77.92%, which is greater than TIPX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for ARE and TIPX.

Drawdown Indicators

	ARE	TIPX	Difference
Max Drawdown Largest peak-to-trough decline	-77.92%	-10.06%	-67.86%
Max Drawdown (1Y) Largest decline over 1 year	-51.61%	-1.29%	-50.32%
Max Drawdown (3Y) Largest decline over 3 years	-65.64%	-2.45%	-63.19%
Max Drawdown (5Y) Largest decline over 5 years	-77.92%	-10.06%	-67.86%
Max Drawdown (10Y) Largest decline over 10 years	-77.92%	-10.06%	-67.86%
Current Drawdown Current decline from peak	-70.88%	-0.83%	-70.05%
Average Drawdown Average peak-to-trough decline	-17.81%	-2.28%	-15.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.22%	0.42%	+32.80%

Volatility

ARE vs. TIPX - Volatility Comparison

Alexandria Real Estate Equities, Inc. (ARE) has a higher volatility of 14.64% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 0.99%. This indicates that ARE's price experiences larger fluctuations and is considered to be riskier than TIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARE	TIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.64%	0.99%	+13.65%
Volatility (6M) Calculated over the trailing 6-month period	31.66%	1.95%	+29.71%
Volatility (1Y) Calculated over the trailing 1-year period	44.50%	2.67%	+41.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.18%	4.63%	+28.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.33%	4.37%	+24.96%

Dividends

ARE vs. TIPX - Dividend Comparison

ARE's dividend yield for the trailing twelve months is around 7.66%, more than TIPX's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARE Alexandria Real Estate Equities, Inc.	7.66%	9.56%	5.32%	3.91%	3.24%	2.01%	2.38%	2.48%	3.24%	2.64%	2.91%	3.38%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	4.57%	3.78%	3.57%	3.57%	6.08%	4.26%	1.73%	2.53%	1.90%	2.84%	1.04%	0.06%

Frequently Asked Questions

Can I hold both ARE and TIPX in my portfolio?

ARE and TIPX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARE or TIPX?

ARE has higher volatility (14.64%) compared to TIPX (0.99%). In terms of maximum drawdown, ARE dropped -77.92% vs TIPX's -10.06%.

Which has better risk-adjusted returns?

TIPX currently has the higher Sharpe Ratio (1.36 vs -0.52), 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.