BKIPX vs. BSMAX
BKIPX (iShares Short-Term TIPS Bond Index Fund Class K) and BSMAX (iShares Russell Small/Mid-Cap Index Fund Investor A Shares) are both mutual funds - BKIPX is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index, while BSMAX is a Small Cap Blend Equities fund tracking the Russell 2500 Index. Both are passively managed. Over the past 5 years, BKIPX returned 2.39%/yr vs 7.71%/yr for BSMAX. Their 0.07 correlation means their historical movements had little consistent relationship. BKIPX charges 0.06%/yr vs 0.37%/yr for BSMAX.
Performance
BKIPX vs. BSMAX - Performance Comparison
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Returns By Period
In the year-to-date period, BKIPX achieves a 1.10% return, which is significantly lower than BSMAX's 19.03% return.
BKIPX
- 1D
- -0.10%
- 1M
- -0.42%
- 6M
- 0.57%
- YTD
- 1.10%
- 1Y
- 2.37%
- 3Y*
- 4.59%
- 5Y*
- 2.39%
- 10Y*
- —
- ALL TIME*
- 2.84%
BSMAX
- 1D
- -0.32%
- 1M
- -2.03%
- 6M
- 13.38%
- YTD
- 19.03%
- 1Y
- 32.20%
- 3Y*
- 15.17%
- 5Y*
- 7.71%
- 10Y*
- 11.18%
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BKIPX vs. BSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 1.10% | 6.08% | 4.77% | 3.37% | -4.18% | 5.21% | 4.86% | 4.90% | 0.61% | 0.90% |
BSMAX iShares Russell Small/Mid-Cap Index Fund Investor A Shares | 19.03% | 11.59% | 11.78% | 16.81% | -18.58% | 17.69% | 20.06% | 27.38% | -10.45% | 16.40% |
Correlation
The correlation between BKIPX and BSMAX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.07 |
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Return for Risk
BKIPX vs. BSMAX — Risk / Return Rank
BKIPX
BSMAX
BKIPX vs. BSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) and iShares Russell Small/Mid-Cap Index Fund Investor A Shares (BSMAX). 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.
| BKIPX | BSMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.18 | -0.98 |
| Martin ratioReturn relative to average drawdown | 7.05 | 11.99 | -4.94 |
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Drawdowns
BKIPX vs. BSMAX - Drawdown Comparison
The maximum BKIPX drawdown since its inception was -6.42%, smaller than the maximum BSMAX drawdown of -41.38%. Use the drawdown chart below to compare losses from any high point for BKIPX and BSMAX.
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Drawdown Indicators
| BKIPX | BSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.42% | -41.38% | +34.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.34% | -9.46% | +8.12% |
Max Drawdown (3Y)Largest decline over 3 years | -1.34% | -25.54% | +24.20% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -28.48% | +22.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.38% | — |
Current DrawdownCurrent decline from peak | -0.88% | -2.86% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -7.62% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.51% | -2.09% |
Volatility
BKIPX vs. BSMAX - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) is 0.43%, while iShares Russell Small/Mid-Cap Index Fund Investor A Shares (BSMAX) has a volatility of 3.52%. This indicates that BKIPX experiences smaller price fluctuations and is considered to be less risky than BSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIPX | BSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 3.52% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 13.47% | -11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 17.79% | -15.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.12% | 20.97% | -17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.65% | 21.58% | -18.93% |
BKIPX vs. BSMAX - Expense Ratio Comparison
BKIPX has a 0.06% expense ratio, which is lower than BSMAX's 0.37% expense ratio.
Dividends
BKIPX vs. BSMAX - Dividend Comparison
BKIPX's dividend yield for the trailing twelve months is around 4.91%, more than BSMAX's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 4.91% | 4.68% | 4.33% | 2.77% | 4.80% | 4.41% | 1.17% | 2.54% | 2.56% | 1.90% | 0.00% | 0.00% |
BSMAX iShares Russell Small/Mid-Cap Index Fund Investor A Shares | 2.00% | 2.67% | 1.79% | 1.14% | 4.67% | 4.55% | 4.26% | 2.62% | 4.07% | 2.61% | 1.34% | 0.59% |
Frequently Asked Questions
BKIPX and BSMAX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSMAX has higher volatility (3.52%) compared to BKIPX (0.43%). In terms of maximum drawdown, BKIPX dropped -6.42% vs BSMAX's -41.38%.
BSMAX currently has the higher Sharpe Ratio (1.69 vs 1.22), 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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