BNDP vs. TIP
BNDP (Vanguard Core-Plus Bond Index ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - BNDP is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Float Adjusted Index, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 0.18%/yr for TIP.
Performance
BNDP vs. TIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BNDP achieves a 0.52% return, which is significantly lower than TIP's 0.74% return.
BNDP
- 1D
- 0.10%
- 1M
- 0.84%
- YTD
- 0.52%
- 6M
- 0.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIP
- 1D
- -0.04%
- 1M
- -0.19%
- YTD
- 0.74%
- 6M
- 0.81%
- 1Y
- 3.34%
- 3Y*
- 3.52%
- 5Y*
- 0.82%
- 10Y*
- 2.43%
BNDP vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 0.52% | 0.08% |
TIP iShares TIPS Bond ETF | 0.74% | -0.48% |
Correlation
The correlation between BNDP and TIP is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.83 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNDP vs. TIP — Risk / Return Rank
BNDP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TIP
BNDP vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and iShares TIPS Bond ETF (TIP). 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.
| BNDP | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.70 | — |
| Martin ratioReturn relative to average drawdown | — | 4.99 | — |
Loading charts...
Drawdowns
BNDP vs. TIP - Drawdown Comparison
The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum TIP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for BNDP and TIP.
Loading charts...
Drawdown Indicators
| BNDP | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.60% | -14.57% | +11.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.98% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.51% | — |
Current DrawdownCurrent decline from peak | -1.13% | -1.11% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -3.43% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.67% | — |
Volatility
BNDP vs. TIP - Volatility Comparison
Loading charts...
Volatility by Period
| BNDP | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.44% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 6.20% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 5.74% | -2.04% |
BNDP vs. TIP - Expense Ratio Comparison
BNDP has a 0.05% expense ratio, which is lower than TIP's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BNDP vs. TIP - Dividend Comparison
BNDP's dividend yield for the trailing twelve months is around 2.07%, less than TIP's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.07% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 3.79% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
BNDP and TIP have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDP is cheaper with a 0.05% expense ratio, compared with 0.18% for TIP.
TIP has the higher dividend yield at 3.79%, compared with 2.07% for BNDP.
BNDP is categorized as Intermediate Core-Plus Bond, while TIP is Inflation-Protected Bonds. BNDP tracks Bloomberg U.S. Universal Float Adjusted Index, while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for BNDP and 0.18% for TIP.
Find the right allocation for BNDP and TIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer