BIIPX vs. ICSH
Compare and contrast key facts about iShares Short-Term TIPS Bond Index Fund (BIIPX) and iShares Ultra Short Duration Bond Active ETF (ICSH).
BIIPX is managed by BlackRock. It was launched on Feb 15, 2016. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013.
Performance
BIIPX vs. ICSH - Performance Comparison
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BIIPX vs. ICSH - 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% |
ICSH iShares Ultra Short Duration Bond Active ETF | 0.79% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.70% |
Returns By Period
In the year-to-date period, BIIPX achieves a 0.73% return, which is significantly lower than ICSH's 0.79% return.
BIIPX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.73%
- 6M
- 1.05%
- 1Y
- 3.76%
- 3Y*
- 4.19%
- 5Y*
- 2.88%
- 10Y*
- —
ICSH
- 1D
- 0.05%
- 1M
- 0.14%
- YTD
- 0.79%
- 6M
- 1.90%
- 1Y
- 4.42%
- 3Y*
- 5.23%
- 5Y*
- 3.56%
- 10Y*
- 2.71%
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BIIPX vs. ICSH - Expense Ratio Comparison
Both BIIPX and ICSH have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
BIIPX vs. ICSH — Risk / Return Rank
BIIPX
ICSH
BIIPX vs. ICSH - 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 Ultra Short Duration Bond Active ETF (ICSH). 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 | ICSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 10.89 | -9.35 |
Sortino ratioReturn per unit of downside risk | 2.59 | 25.73 | -23.14 |
Omega ratioGain probability vs. loss probability | 1.35 | 6.44 | -5.09 |
Calmar ratioReturn relative to maximum drawdown | 4.06 | 44.98 | -40.92 |
Martin ratioReturn relative to average drawdown | 11.31 | 281.70 | -270.39 |
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 | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 10.89 | -9.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 7.42 | -6.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.90 | -0.81 |
Correlation
The correlation between BIIPX and ICSH is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BIIPX vs. ICSH - Dividend Comparison
BIIPX's dividend yield for the trailing twelve months is around 3.57%, less than ICSH's 4.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.42% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Drawdowns
BIIPX vs. ICSH - Drawdown Comparison
The maximum BIIPX drawdown since its inception was -6.46%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for BIIPX and ICSH.
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Drawdown Indicators
| BIIPX | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.46% | -3.94% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -0.10% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -0.73% | -5.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -0.08% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.02% | +0.38% |
Volatility
BIIPX vs. ICSH - Volatility Comparison
iShares Short-Term TIPS Bond Index Fund (BIIPX) has a higher volatility of 0.56% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that BIIPX's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIIPX | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 0.16% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | 0.27% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 0.41% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 0.48% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.63% | 1.06% | +1.57% |