BGRN vs. STIP
BGRN (iShares USD Green Bond ETF) and STIP (iShares 0-5 Year TIPS Bond ETF) are both exchange-traded funds - BGRN is a Global Bonds fund tracking the Bloomberg MSCI USD Green Bond Select Index, while STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Both are passively managed. Over the past 5 years, BGRN returned 0.56%/yr vs 3.28%/yr for STIP. At a 0.49 correlation, their price movements are largely independent. BGRN charges 0.20%/yr vs 0.06%/yr for STIP.
Performance
BGRN vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, BGRN achieves a 0.66% return, which is significantly lower than STIP's 1.34% return.
BGRN
- 1D
- 0.08%
- 1M
- 0.56%
- YTD
- 0.66%
- 6M
- 0.80%
- 1Y
- 4.51%
- 3Y*
- 4.79%
- 5Y*
- 0.56%
- 10Y*
- —
STIP
- 1D
- 0.01%
- 1M
- -0.29%
- YTD
- 1.34%
- 6M
- 1.51%
- 1Y
- 3.58%
- 3Y*
- 4.99%
- 5Y*
- 3.28%
- 10Y*
- 3.07%
BGRN vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 0.66% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
STIP iShares 0-5 Year TIPS Bond ETF | 1.34% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.24% |
Correlation
The correlation between BGRN and STIP is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2018 | 0.49 |
The correlation between BGRN and STIP shifts across timeframes, from 0.49 (all time) to 0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BGRN vs. STIP — Risk / Return Rank
BGRN
STIP
BGRN vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD 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.
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.
| BGRN | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.48 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 4.96 | -2.92 |
| Martin ratioReturn relative to average drawdown | 6.61 | 18.20 | -11.58 |
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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.
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Drawdown Indicators
| BGRN | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -5.50% | -13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -0.73% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -0.95% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -5.50% | -13.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.50% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.72% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -0.99% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.20% | +0.48% |
Volatility
BGRN vs. STIP - Volatility Comparison
iShares USD Green Bond ETF (BGRN) has a higher volatility of 0.86% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.64%. 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.
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Volatility by Period
| BGRN | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.64% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 1.14% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 1.53% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 2.74% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 2.46% | +2.53% |
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%.
Dividends
BGRN vs. STIP - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 4.28%, less than STIP's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 4.28% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.33% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
BGRN and STIP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRN has higher volatility (0.86%) compared to STIP (0.64%). In terms of maximum drawdown, BGRN dropped -19.16% vs STIP's -5.50%.
On 5-year performance, STIP leads with 3.28% vs 0.56% for BGRN. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, STIP has performed better with a 3.28% return vs 0.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.20% for BGRN.
STIP has the higher dividend yield at 4.33%, compared with 4.28% for BGRN.
BGRN is categorized as Global Bonds, while STIP is Inflation-Protected Bonds. BGRN tracks Bloomberg MSCI USD Green Bond Select Index, while STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Their fees differ too: 0.20% for BGRN and 0.06% for STIP.
STIP currently has the higher Sharpe Ratio (2.34 vs 1.53), 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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