BIIPX vs. BKIPX
Compare and contrast key facts about iShares Short-Term TIPS Bond Index Fund (BIIPX) and iShares Short-Term TIPS Bond Index Fund Class K (BKIPX).
BIIPX is managed by BlackRock. It was launched on Feb 15, 2016. BKIPX is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index. It was launched on Feb 16, 2016.
Performance
BIIPX vs. BKIPX - Performance Comparison
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BIIPX vs. BKIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 0.73% | 6.05% | 4.75% | 3.25% | -4.12% | 5.19% | 4.89% | 4.83% | 0.58% | 0.88% |
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 0.73% | 6.08% | 4.77% | 3.37% | -4.18% | 5.21% | 4.86% | 4.90% | 0.61% | 0.90% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BIIPX at 0.73% and BKIPX at 0.73%.
BIIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.05%
- 1Y
- 3.65%
- 3Y*
- 4.19%
- 5Y*
- 2.88%
- 10Y*
- —
BKIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.06%
- 1Y
- 3.68%
- 3Y*
- 4.22%
- 5Y*
- 2.90%
- 10Y*
- —
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BIIPX vs. BKIPX - Expense Ratio Comparison
BIIPX has a 0.08% expense ratio, which is higher than BKIPX'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%.
Return for Risk
BIIPX vs. BKIPX — Risk / Return Rank
BIIPX
BKIPX
BIIPX vs. BKIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund (BIIPX) and iShares Short-Term TIPS Bond Index Fund Class K (BKIPX). 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.
| BIIPX | BKIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.84 | -0.03 |
Sortino ratioReturn per unit of downside risk | 3.21 | 3.16 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.44 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.25 | 4.28 | -0.03 |
Martin ratioReturn relative to average drawdown | 11.88 | 12.41 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIIPX | BKIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.84 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.95 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.11 | -0.01 |
Correlation
The correlation between BIIPX and BKIPX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIIPX vs. BKIPX - Dividend Comparison
BIIPX's dividend yield for the trailing twelve months is around 3.57%, which matches BKIPX's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 3.57% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% |
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 3.60% | 4.68% | 4.33% | 2.77% | 4.80% | 4.41% | 1.17% | 2.54% | 2.56% | 1.90% |
Drawdowns
BIIPX vs. BKIPX - Drawdown Comparison
The maximum BIIPX drawdown since its inception was -6.46%, roughly equal to the maximum BKIPX drawdown of -6.42%. Use the drawdown chart below to compare losses from any high point for BIIPX and BKIPX.
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Drawdown Indicators
| BIIPX | BKIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.46% | -6.42% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -1.12% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -6.42% | -0.04% |
Current DrawdownCurrent decline from peak | -0.51% | -0.51% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -1.08% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.39% | +0.01% |
Volatility
BIIPX vs. BKIPX - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund (BIIPX) is 0.57%, while iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) has a volatility of 0.66%. This indicates that BIIPX experiences smaller price fluctuations and is considered to be less risky than BKIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIIPX | BKIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.66% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | 1.27% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 2.51% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 3.08% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.63% | 2.62% | +0.01% |