BGRN vs. STIP
Compare and contrast key facts about iShares Global Green Bond ETF (BGRN) and iShares 0-5 Year TIPS Bond ETF (STIP).
BGRN and STIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BGRN is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays MSCI Green Bond Select USD Hedged Index. It was launched on Nov 13, 2018. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010. Both BGRN and STIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRN or STIP.
Performance
BGRN vs. STIP - Performance Comparison
Returns By Period
In the year-to-date period, BGRN achieves a 3.02% return, which is significantly lower than STIP's 4.55% return.
BGRN
3.02%
-0.46%
3.54%
7.21%
-0.28%
N/A
STIP
4.55%
-0.02%
3.13%
6.03%
3.49%
2.40%
Key characteristics
| BGRN | STIP | |
|---|---|---|
| Sharpe Ratio | 1.62 | 2.98 |
| Sortino Ratio | 2.35 | 4.97 |
| Omega Ratio | 1.29 | 1.65 |
| Calmar Ratio | 0.54 | 4.50 |
| Martin Ratio | 6.91 | 22.06 |
| Ulcer Index | 1.07% | 0.27% |
| Daily Std Dev | 4.57% | 2.02% |
| Max Drawdown | -19.16% | -5.50% |
| Current Drawdown | -7.41% | -0.48% |
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BGRN vs. STIP - Expense Ratio Comparison
BGRN has a 0.20% 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%.
Correlation
The correlation between BGRN and STIP is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BGRN vs. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Green Bond ETF (BGRN) 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.
Dividends
BGRN vs. STIP - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 3.96%, more than STIP's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRN iShares Global Green Bond ETF | 3.96% | 3.52% | 2.67% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.46% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.43% | 1.59% | 0.89% | 0.00% | 0.75% | 0.31% |
Drawdowns
BGRN vs. STIP - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for BGRN and STIP. For additional features, visit the drawdowns tool.
Volatility
BGRN vs. STIP - Volatility Comparison
iShares Global Green Bond ETF (BGRN) has a higher volatility of 1.20% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.44%. This indicates that BGRN'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.