BINC vs. VTIP
BINC (iShares Flexible Income Active ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. BINC is actively managed, while VTIP is passively managed. Over the past 3 years, BINC returned 7.04%/yr vs 5.19%/yr for VTIP. A 0.58 correlation means they provide meaningful diversification when combined. BINC charges 0.40%/yr vs 0.03%/yr for VTIP.
Performance
BINC vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, BINC achieves a 1.29% return, which is significantly lower than VTIP's 1.91% return.
BINC
- 1D
- 0.15%
- 1M
- 0.92%
- YTD
- 1.29%
- 6M
- 1.78%
- 1Y
- 5.90%
- 3Y*
- 7.04%
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- 0.06%
- 1M
- -0.00%
- YTD
- 1.91%
- 6M
- 2.03%
- 1Y
- 4.57%
- 3Y*
- 5.19%
- 5Y*
- 3.46%
- 10Y*
- 3.09%
BINC vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 1.29% | 7.57% | 5.76% | 7.12% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.91% | 6.07% | 4.74% | 2.60% |
Correlation
The correlation between BINC and VTIP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.58 |
The correlation between BINC and VTIP shifts across timeframes, from 0.44 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BINC vs. VTIP — Risk / Return Rank
BINC
VTIP
BINC vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
| BINC | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.65 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 6.57 | -4.37 |
| Martin ratioReturn relative to average drawdown | 8.60 | 25.33 | -16.72 |
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Drawdowns
BINC vs. VTIP - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for BINC and VTIP.
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Drawdown Indicators
| BINC | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -6.27% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -0.70% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -0.98% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.16% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -1.04% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.18% | +0.51% |
Volatility
BINC vs. VTIP - Volatility Comparison
iShares Flexible Income Active ETF (BINC) has a higher volatility of 0.75% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.40%. This indicates that BINC's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BINC | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.40% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 1.04% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 1.50% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 2.77% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 2.74% | +0.25% |
BINC vs. VTIP - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
BINC vs. VTIP - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.84%, more than VTIP's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
BINC and VTIP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BINC has higher volatility (0.75%) compared to VTIP (0.40%). In terms of maximum drawdown, BINC dropped -2.69% vs VTIP's -6.27%.
On 3-year performance, BINC leads with 7.04% vs 5.19% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BINC has performed better with a 7.04% return vs 5.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.40% for BINC.
BINC has the higher dividend yield at 5.84%, compared with 3.59% for VTIP.
BINC is categorized as Multisector Bonds, while VTIP is Inflation-Protected Bonds. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for BINC and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (3.07 vs 2.58), 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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