BIIPX vs. WAIIX
Compare and contrast key facts about iShares Short-Term TIPS Bond Index Fund (BIIPX) and Western Asset Inflation Indexed Plus Bond Fund (WAIIX).
BIIPX is managed by BlackRock. It was launched on Feb 15, 2016. WAIIX is managed by Franklin Templeton. It was launched on Feb 28, 2001.
Performance
BIIPX vs. WAIIX - Performance Comparison
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BIIPX vs. WAIIX - 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% |
WAIIX Western Asset Inflation Indexed Plus Bond Fund | 0.00% | 6.41% | 1.05% | 3.30% | -12.64% | 4.74% | 9.84% | 9.79% | -2.25% | 3.64% |
Returns By Period
BIIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.05%
- 1Y
- 3.65%
- 3Y*
- 4.19%
- 5Y*
- 2.88%
- 10Y*
- —
WAIIX
- 1D
- 0.64%
- 1M
- -1.56%
- YTD
- 0.00%
- 6M
- -0.03%
- 1Y
- 2.49%
- 3Y*
- 2.41%
- 5Y*
- 0.73%
- 10Y*
- 2.13%
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BIIPX vs. WAIIX - Expense Ratio Comparison
BIIPX has a 0.08% expense ratio, which is lower than WAIIX's 0.54% expense ratio.
Return for Risk
BIIPX vs. WAIIX — Risk / Return Rank
BIIPX
WAIIX
BIIPX vs. WAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund (BIIPX) and Western Asset Inflation Indexed Plus Bond Fund (WAIIX). 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 | WAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 0.67 | +1.14 |
Sortino ratioReturn per unit of downside risk | 3.21 | 0.93 | +2.28 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.12 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 4.25 | 1.12 | +3.13 |
Martin ratioReturn relative to average drawdown | 11.88 | 3.97 | +7.91 |
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 | WAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 0.67 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.11 | +0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.64 | +0.46 |
Correlation
The correlation between BIIPX and WAIIX is 0.69, 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. WAIIX - Dividend Comparison
BIIPX's dividend yield for the trailing twelve months is around 3.57%, more than WAIIX's 3.33% 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% |
WAIIX Western Asset Inflation Indexed Plus Bond Fund | 3.33% | 4.12% | 3.44% | 2.80% | 6.69% | 12.25% | 1.38% | 2.18% | 2.82% | 2.03% | 1.30% | 0.37% |
Drawdowns
BIIPX vs. WAIIX - Drawdown Comparison
The maximum BIIPX drawdown since its inception was -6.46%, smaller than the maximum WAIIX drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for BIIPX and WAIIX.
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Drawdown Indicators
| BIIPX | WAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.46% | -16.55% | +10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -3.13% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -15.99% | +9.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.99% | — |
Current DrawdownCurrent decline from peak | -0.51% | -3.48% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -3.83% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.88% | -0.48% |
Volatility
BIIPX vs. WAIIX - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund (BIIPX) is 0.57%, while Western Asset Inflation Indexed Plus Bond Fund (WAIIX) has a volatility of 1.49%. This indicates that BIIPX experiences smaller price fluctuations and is considered to be less risky than WAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIIPX | WAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 1.49% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | 2.41% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 4.28% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 6.39% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.63% | 5.66% | -3.03% |