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BIIPX vs. EARRX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BIIPX vs. EARRX

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Short-Term TIPS Bond Index Fund (BIIPX) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX).

BIIPX is managed by BlackRock. It was launched on Feb 15, 2016. EARRX is managed by Eaton Vance. It was launched on Mar 31, 2010.

Performance

BIIPX vs. EARRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short-Term TIPS Bond Index Fund (BIIPX) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). The values are adjusted to include any dividend payments, if applicable.

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BIIPX vs. EARRX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EARRX
Eaton Vance Short Duration Inflation-Protected Income Fund Class A		0.28%5.46%5.39%5.95%-3.22%7.50%5.05%5.29%-0.49%1.70%

Returns By Period

In the year-to-date period, BIIPX achieves a 0.73% return, which is significantly higher than EARRX's 0.28% return.

BIIPX

1D
0.20%
1M
-0.20%
YTD
0.73%
6M
1.05%
1Y
3.65%
3Y*
4.19%
5Y*
2.88%
10Y*
—

EARRX

1D
0.18%
1M
-0.21%
YTD
0.28%
6M
0.32%
1Y
2.98%
3Y*
4.81%
5Y*
3.78%
10Y*
3.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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iShares Short-Term TIPS Bond Index Fund

Eaton Vance Short Duration Inflation-Protected Income Fund Class A

Often compared with BIIPX:
BIIPX vs. STIPBIIPX vs. VTAPXBIIPX vs. ICSHBIIPX vs. DFAAXBIIPX vs. FFNYXBIIPX vs. IPBAXBIIPX vs. VCTPX
Often compared with EARRX:
EARRX vs. RCTIXEARRX vs. SPIBEARRX vs. VTSPXEARRX vs. FFNYXEARRX vs. DFAAXEARRX vs. TIILXEARRX vs. VIPIX

BIIPX vs. EARRX - Expense Ratio Comparison

BIIPX has a 0.08% expense ratio, which is lower than EARRX's 0.85% expense ratio.

EARRX
Eaton Vance Short Duration Inflation-Protected Income Fund Class A
BIIPX
iShares Short-Term TIPS Bond Index Fund

Return for Risk

BIIPX vs. EARRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BIIPX
BIIPX Risk / Return Rank: 9393
Overall Rank
BIIPX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
BIIPX Sortino Ratio Rank: 9595
Sortino Ratio Rank
BIIPX Omega Ratio Rank: 9292
Omega Ratio Rank
BIIPX Calmar Ratio Rank: 9797
Calmar Ratio Rank
BIIPX Martin Ratio Rank: 9393
Martin Ratio Rank
EARRX
EARRX Risk / Return Rank: 8888
Overall Rank
EARRX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
EARRX Sortino Ratio Rank: 8686
Sortino Ratio Rank
EARRX Omega Ratio Rank: 8686
Omega Ratio Rank
EARRX Calmar Ratio Rank: 9292
Calmar Ratio Rank
EARRX Martin Ratio Rank: 9494
Martin Ratio Rank
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.

BIIPX vs. EARRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund (BIIPX) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). 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.

BIIPXEARRXDifference

Sharpe ratio

Return per unit of total volatility

1.81

1.60

+0.21

Sortino ratio

Return per unit of downside risk

3.21

2.29

+0.93

Omega ratio

Gain probability vs. loss probability

1.43

1.36

+0.08

Calmar ratio

Return relative to maximum drawdown

4.25

2.76

+1.49

Martin ratio

Return relative to average drawdown

11.88

12.19

-0.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIIPX vs. EARRX - Sharpe Ratio Comparison

The current BIIPX Sharpe Ratio is 1.81, which is comparable to the EARRX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of BIIPX and EARRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BIIPXEARRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

1.60

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

1.37

-0.43

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.33

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.10

1.04

+0.05

Correlation

The correlation between BIIPX and EARRX is 0.70, 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.

Dividends

BIIPX vs. EARRX - Dividend Comparison

BIIPX's dividend yield for the trailing twelve months is around 3.57%, less than EARRX's 3.87% yield.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%
EARRX
Eaton Vance Short Duration Inflation-Protected Income Fund Class A		3.87%4.36%3.83%4.24%4.82%3.32%2.02%2.46%2.67%1.90%2.00%1.73%

Drawdowns

BIIPX vs. EARRX - Drawdown Comparison

The maximum BIIPX drawdown since its inception was -6.46%, smaller than the maximum EARRX drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for BIIPX and EARRX.

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Drawdown Indicators

BIIPXEARRXDifference

Max Drawdown

Largest peak-to-trough decline

-6.46%

-10.27%

+3.81%

Max Drawdown (1Y)

Largest decline over 1 year

-1.12%

-1.18%

+0.06%

Max Drawdown (5Y)

Largest decline over 5 years

-6.46%

-6.39%

-0.07%

Max Drawdown (10Y)

Largest decline over 10 years

—

-10.27%

—

Current Drawdown

Current decline from peak

-0.51%

-0.51%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.09%

-1.09%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.40%

0.27%

+0.13%

Volatility

BIIPX vs. EARRX - Volatility Comparison

iShares Short-Term TIPS Bond Index Fund (BIIPX) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) have volatilities of 0.57% and 0.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BIIPXEARRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.57%

0.58%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

1.28%

1.05%

+0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

2.53%

1.87%

+0.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.07%

2.78%

+0.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.63%

2.71%

-0.08%