AVIE vs. TIP
AVIE (Avantis Inflation Focused Equity ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - AVIE is a Large Cap Blend Equities fund actively managed by Avantis, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. AVIE is actively managed, while TIP is passively managed. Over the past 3 years, AVIE returned 12.88%/yr vs 3.53%/yr for TIP. At a 0.13 correlation, their price movements are largely independent. AVIE charges 0.25%/yr vs 0.18%/yr for TIP.
Performance
AVIE vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, AVIE achieves a 12.27% return, which is significantly higher than TIP's 0.78% return.
AVIE
- 1D
- 0.62%
- 1M
- -1.83%
- YTD
- 12.27%
- 6M
- 12.05%
- 1Y
- 21.85%
- 3Y*
- 12.88%
- 5Y*
- —
- 10Y*
- —
TIP
- 1D
- -0.41%
- 1M
- -0.16%
- YTD
- 0.78%
- 6M
- 0.90%
- 1Y
- 3.46%
- 3Y*
- 3.53%
- 5Y*
- 0.79%
- 10Y*
- 2.43%
AVIE vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVIE Avantis Inflation Focused Equity ETF | 12.27% | 11.37% | 6.17% | 4.19% | 15.20% |
TIP iShares TIPS Bond ETF | 0.78% | 6.77% | 1.65% | 3.80% | -0.19% |
Correlation
The correlation between AVIE and TIP is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022 | 0.13 |
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Return for Risk
AVIE vs. TIP — Risk / Return Rank
AVIE
TIP
AVIE vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Inflation Focused Equity ETF (AVIE) and iShares TIPS Bond ETF (TIP). 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.
| AVIE | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 1.76 | +2.66 |
| Martin ratioReturn relative to average drawdown | 13.43 | 5.20 | +8.23 |
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Drawdowns
AVIE vs. TIP - Drawdown Comparison
The maximum AVIE drawdown since its inception was -12.39%, smaller than the maximum TIP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for AVIE and TIP.
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Drawdown Indicators
| AVIE | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.39% | -14.57% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -1.98% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -4.54% | -7.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.51% | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.07% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -3.00% | -3.43% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 0.67% | +0.96% |
Volatility
AVIE vs. TIP - Volatility Comparison
Avantis Inflation Focused Equity ETF (AVIE) has a higher volatility of 2.78% compared to iShares TIPS Bond ETF (TIP) at 1.22%. This indicates that AVIE's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVIE | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 1.22% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.03% | 2.47% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 3.45% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 6.20% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.90% | 5.74% | +7.16% |
AVIE vs. TIP - Expense Ratio Comparison
AVIE has a 0.25% expense ratio, which is higher than TIP's 0.18% 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
AVIE vs. TIP - Dividend Comparison
AVIE's dividend yield for the trailing twelve months is around 1.89%, less than TIP's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVIE Avantis Inflation Focused Equity ETF | 1.89% | 1.75% | 1.89% | 3.72% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 3.79% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
AVIE and TIP have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVIE has higher volatility (2.78%) compared to TIP (1.22%). In terms of maximum drawdown, AVIE dropped -12.39% vs TIP's -14.57%.
On 3-year performance, AVIE leads with 12.88% vs 3.53% for TIP. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 1.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVIE has performed better with a 12.88% return vs 3.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.18% expense ratio, compared with 0.25% for AVIE.
TIP has the higher dividend yield at 3.79%, compared with 1.89% for AVIE.
AVIE is categorized as Large Cap Blend Equities, while TIP is Inflation-Protected Bonds. They also come from different issuers: Avantis and iShares. Their fees differ too: 0.25% for AVIE and 0.18% for TIP.
AVIE currently has the higher Sharpe Ratio (2.21 vs 1.01), 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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