BKIPX vs. TRBFX
Compare and contrast key facts about iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) and T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX).
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. TRBFX is managed by T. Rowe Price. It was launched on Sep 28, 2006.
Performance
BKIPX vs. TRBFX - Performance Comparison
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BKIPX vs. TRBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.61% | 0.90% |
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 0.71% | 10.17% | 4.60% | 3.01% | -5.19% | 5.77% | 5.65% | 6.53% | 0.28% | 0.60% |
Returns By Period
The year-to-date returns for both stocks are quite close, with BKIPX having a 0.73% return and TRBFX slightly lower at 0.71%.
BKIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.06%
- 1Y
- 3.68%
- 3Y*
- 4.22%
- 5Y*
- 2.90%
- 10Y*
- —
TRBFX
- 1D
- 0.21%
- 1M
- -0.42%
- YTD
- 0.71%
- 6M
- 4.30%
- 1Y
- 7.34%
- 3Y*
- 5.46%
- 5Y*
- 3.38%
- 10Y*
- 3.22%
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BKIPX vs. TRBFX - Expense Ratio Comparison
BKIPX has a 0.06% expense ratio, which is lower than TRBFX's 0.41% expense ratio.
Return for Risk
BKIPX vs. TRBFX — Risk / Return Rank
BKIPX
TRBFX
BKIPX vs. TRBFX - 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 T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX). 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 | TRBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 1.87 | -0.03 |
Sortino ratioReturn per unit of downside risk | 3.16 | 4.22 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.67 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 4.28 | 7.09 | -2.80 |
Martin ratioReturn relative to average drawdown | 12.41 | 22.76 | -10.35 |
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 | TRBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.87 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.69 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.82 | +0.29 |
Correlation
The correlation between BKIPX and TRBFX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BKIPX vs. TRBFX - Dividend Comparison
BKIPX's dividend yield for the trailing twelve months is around 3.60%, less than TRBFX's 8.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 8.46% | 8.56% | 4.48% | 3.64% | 6.11% | 4.99% | 1.38% | 3.27% | 2.34% | 1.61% | 1.10% |
Drawdowns
BKIPX vs. TRBFX - Drawdown Comparison
The maximum BKIPX drawdown since its inception was -6.42%, smaller than the maximum TRBFX drawdown of -7.33%. Use the drawdown chart below to compare losses from any high point for BKIPX and TRBFX.
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Drawdown Indicators
| BKIPX | TRBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.42% | -7.33% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -1.24% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -7.33% | +0.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.33% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.63% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -1.34% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.39% | 0.00% |
Volatility
BKIPX vs. TRBFX - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) is 0.66%, while T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) has a volatility of 0.86%. This indicates that BKIPX experiences smaller price fluctuations and is considered to be less risky than TRBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIPX | TRBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.86% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 3.52% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 4.26% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 4.97% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 3.89% | -1.27% |