BTC-USD vs. TIP
BTC-USD (Bitcoin) is a cryptocurrency, while TIP (iShares TIPS Bond ETF) is Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 2.45%/yr for TIP. At a 0.04 correlation, their price movements are largely independent.
Performance
BTC-USD vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -28.54% return, which is significantly lower than TIP's 0.95% return. Over the past 10 years, BTC-USD has outperformed TIP with an annualized return of 59.68%, while TIP has yielded a comparatively lower 2.45% annualized return.
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
TIP
- 1D
- -0.11%
- 1M
- -0.90%
- YTD
- 0.95%
- 6M
- 0.97%
- 1Y
- 4.81%
- 3Y*
- 3.70%
- 5Y*
- 0.88%
- 10Y*
- 2.45%
BTC-USD vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
TIP iShares TIPS Bond ETF | 0.95% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between BTC-USD and TIP is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.04 |
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Return for Risk
BTC-USD vs. TIP — Risk / Return Rank
BTC-USD
TIP
BTC-USD vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
| BTC-USD | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.26 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.45 | -3.25 |
| Martin ratioReturn relative to average drawdown | -1.42 | 7.37 | -8.79 |
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
| BTC-USD | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.43 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.14 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.43 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.57 | +0.56 |
Drawdowns
BTC-USD vs. TIP - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for BTC-USD and TIP.
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Drawdown Indicators
| BTC-USD | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -14.57% | -70.73% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -1.98% | -49.23% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -4.54% | -46.67% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -14.51% | -62.16% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -14.51% | -69.29% |
Current DrawdownCurrent decline from peak | -49.86% | -0.90% | -48.96% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -3.43% | -38.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 0.65% | +33.81% |
Volatility
BTC-USD vs. TIP - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to iShares TIPS Bond ETF (TIP) at 1.01%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 1.01% | +10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 2.33% | +32.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 3.38% | +32.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 6.21% | +38.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 5.74% | +50.97% |
Frequently Asked Questions
BTC-USD and TIP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to TIP (1.01%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs TIP's -14.57%.
TIP currently has the higher Sharpe Ratio (1.43 vs -0.95), 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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