BKIPX vs. BSPPX
Compare and contrast key facts about iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) and iShares S&P 500 Index Fund Investor P Shares (BSPPX).
BKIPX is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index. It was launched on Feb 16, 2016. BSPPX is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Aug 6, 2018. Both BKIPX and BSPPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BKIPX vs. BSPPX - Performance Comparison
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BKIPX vs. BSPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 0.73% | 6.08% | 4.77% | 3.37% | -4.18% | 5.21% | 4.86% | 4.90% | -0.22% |
BSPPX iShares S&P 500 Index Fund Investor P Shares | -7.14% | 17.46% | 24.54% | 25.85% | -18.40% | 28.23% | 18.05% | 31.02% | -13.57% |
Returns By Period
In the year-to-date period, BKIPX achieves a 0.73% return, which is significantly higher than BSPPX's -7.14% return.
BKIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.06%
- 1Y
- 3.68%
- 3Y*
- 4.22%
- 5Y*
- 2.90%
- 10Y*
- —
BSPPX
- 1D
- -0.40%
- 1M
- -7.71%
- YTD
- -7.14%
- 6M
- -4.78%
- 1Y
- 14.04%
- 3Y*
- 16.76%
- 5Y*
- 11.02%
- 10Y*
- —
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BKIPX vs. BSPPX - Expense Ratio Comparison
BKIPX has a 0.06% expense ratio, which is lower than BSPPX's 0.35% expense ratio.
Return for Risk
BKIPX vs. BSPPX — Risk / Return Rank
BKIPX
BSPPX
BKIPX vs. BSPPX - 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 S&P 500 Index Fund Investor P Shares (BSPPX). 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.
| BKIPX | BSPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 0.82 | +1.02 |
Sortino ratioReturn per unit of downside risk | 3.16 | 1.27 | +1.89 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 4.28 | 1.03 | +3.26 |
Martin ratioReturn relative to average drawdown | 12.41 | 4.96 | +7.45 |
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
| BKIPX | BSPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 0.82 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.66 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.62 | +0.49 |
Correlation
The correlation between BKIPX and BSPPX is 0.08, 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
BKIPX vs. BSPPX - Dividend Comparison
BKIPX's dividend yield for the trailing twelve months is around 3.60%, more than BSPPX's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 3.60% | 4.68% | 4.33% | 2.77% | 4.80% | 4.41% | 1.17% | 2.54% | 2.56% | 1.90% |
BSPPX iShares S&P 500 Index Fund Investor P Shares | 1.34% | 1.43% | 1.12% | 1.22% | 1.67% | 1.53% | 1.38% | 1.70% | 1.35% | 0.00% |
Drawdowns
BKIPX vs. BSPPX - Drawdown Comparison
The maximum BKIPX drawdown since its inception was -6.42%, smaller than the maximum BSPPX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for BKIPX and BSPPX.
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Drawdown Indicators
| BKIPX | BSPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.42% | -33.76% | +27.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -12.11% | +10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -24.70% | +18.28% |
Current DrawdownCurrent decline from peak | -0.51% | -8.95% | +8.44% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -5.32% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.50% | -2.11% |
Volatility
BKIPX vs. BSPPX - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) is 0.66%, while iShares S&P 500 Index Fund Investor P Shares (BSPPX) has a volatility of 4.24%. This indicates that BKIPX experiences smaller price fluctuations and is considered to be less risky than BSPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIPX | BSPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 4.24% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 9.07% | -7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 18.06% | -15.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 16.84% | -13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 19.86% | -17.24% |