BNDP vs. TIP

Last updated Jun 4, 2026

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 0.82 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 0.18%/yr for TIP.

Performance

BNDP vs. TIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) and iShares TIPS Bond ETF (TIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDP achieves a 0.34% return, which is significantly lower than TIP's 1.54% return.

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TIP

• 1D: -0.18%
• 1M: -0.09%
• YTD: 1.54%
• 6M: 1.06%
• 1Y: 4.96%
• 3Y*: 3.88%
• 5Y*: 0.97%
• 10Y*: 2.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDP vs. TIP - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	0.34%	0.10%
TIP iShares TIPS Bond ETF	1.54%	-0.34%

Correlation

The correlation between BNDP and TIP is 0.82, 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 5, 2025	0.82

Return for Risk

BNDP vs. TIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIP

TIP Risk / Return Rank: 44
TIP Sharpe Ratio Rank: 40
TIP Sortino Ratio Rank: 44
TIP Omega Ratio Rank: 39
TIP Calmar Ratio Rank: 50
TIP Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDP	TIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.46	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.57	-0.33

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.

Drawdown Indicators

	BNDP	TIP	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.31%	-0.32%	-0.99%
Average Drawdown Average peak-to-trough decline	-0.86%	-3.43%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	BNDP	TIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	3.41%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.63%	6.21%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.63%	5.74%	-2.11%

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 2.08%, less than TIP's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	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	3.76%	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

Can I hold both BNDP and TIP in my portfolio?

BNDP and TIP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNDP or TIP?

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.

Which ETF is cheaper, BNDP or TIP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.18% for TIP.

Which ETF pays a higher dividend yield, BNDP or TIP?

TIP has the higher dividend yield at 3.76%, compared with 2.08% for BNDP.

What is the main difference between BNDP and TIP?

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.