BIIPX vs. STIP
BIIPX (iShares Short-Term TIPS Bond Index Fund) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. Over the past 5 years, BIIPX returned 2.36%/yr vs 3.06%/yr for STIP. Their correlation of 0.81 means they have usually moved in the same direction. BIIPX charges 0.08%/yr vs 0.06%/yr for STIP.
Performance
BIIPX vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, BIIPX achieves a 1.07% return, which is significantly lower than STIP's 1.81% return.
BIIPX
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- 0.54%
- YTD
- 1.07%
- 1Y
- 2.33%
- 3Y*
- 4.55%
- 5Y*
- 2.36%
- 10Y*
- —
- ALL TIME*
- 2.81%
STIP
- 1D
- -0.05%
- 1M
- 0.13%
- 6M
- 1.26%
- YTD
- 1.81%
- 1Y
- 3.05%
- 3Y*
- 5.11%
- 5Y*
- 3.06%
- 10Y*
- 3.14%
- ALL TIME*
- 2.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $80.85M | $78.77M | $101.18M |
BIIPX vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 1.07% | 6.05% | 4.75% | 3.25% | -4.12% | 5.19% | 4.89% | 4.83% | 0.58% | 0.88% |
STIP iShares 0-5 Year TIPS Bond ETF | 1.81% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
Correlation
The correlation between BIIPX and STIP is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.81 |
The correlation between BIIPX and STIP has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.
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Return for Risk
BIIPX vs. STIP — Risk / Return Rank
BIIPX
STIP
BIIPX vs. STIP - 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 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.
| BIIPX | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.47 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 4.78 | -2.70 |
| Martin ratioReturn relative to average drawdown | 7.16 | 15.31 | -8.14 |
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Drawdowns
BIIPX vs. STIP - Drawdown Comparison
The maximum BIIPX drawdown since its inception was -6.46%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for BIIPX and STIP.
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Drawdown Indicators
| BIIPX | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.46% | -5.50% | -0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -0.73% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.44% | -0.95% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -5.50% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.50% | — |
Current DrawdownCurrent decline from peak | -0.89% | -0.25% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -0.99% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.23% | +0.19% |
Volatility
BIIPX vs. STIP - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund (BIIPX) is 0.34%, while iShares 0-5 Year TIPS Bond ETF (STIP) has a volatility of 0.38%. This indicates that BIIPX experiences smaller price fluctuations and is considered to be less risky 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
| BIIPX | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.38% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 1.17% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 1.52% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 2.74% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.65% | 2.45% | +0.20% |
BIIPX vs. STIP - Expense Ratio Comparison
BIIPX has a 0.08% 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
BIIPX vs. STIP - Dividend Comparison
BIIPX's dividend yield for the trailing twelve months is around 4.87%, which matches STIP's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 4.87% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.60% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
BIIPX and STIP have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STIP has higher volatility (0.38%) compared to BIIPX (0.34%). In terms of maximum drawdown, BIIPX dropped -6.46% vs STIP's -5.50%.
STIP currently has the higher Sharpe Ratio (2.28 vs 1.24), 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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