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CHGG vs. TIP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHGG vs. TIP

Last updated Jul 14, 2026
Documentation

CHGG (Chegg, Inc.) is a stock, 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, CHGG returned -17.10%/yr vs 2.33%/yr for TIP. At a 0.05 correlation, their price movements are largely independent.

Performance

CHGG vs. TIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chegg, Inc. (CHGG) and iShares TIPS Bond ETF (TIP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CHGG achieves a -9.13% return, which is significantly lower than TIP's 0.80% return. Over the past 10 years, CHGG has underperformed TIP with an annualized return of -17.10%, while TIP has yielded a comparatively higher 2.33% annualized return.

CHGG

1D
-0.98%
1M
-23.86%
6M
-8.14%
YTD
-9.13%
1Y
-33.98%
3Y*
-54.85%
5Y*
-59.89%
10Y*
-17.10%

TIP

1D
-0.20%
1M
-0.59%
6M
0.55%
YTD
0.80%
1Y
3.09%
3Y*
3.62%
5Y*
0.52%
10Y*
2.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHGG vs. TIP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CHGG
Chegg, Inc.		-9.13%-42.24%-85.83%-55.05%-17.69%-66.01%138.27%33.39%74.14%121.14%
TIP
iShares TIPS Bond ETF		0.80%6.77%1.65%3.80%-12.26%5.68%10.84%8.35%-1.42%2.92%

Correlation

The correlation between CHGG and TIP is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2013

0.05

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Chegg, Inc.

iShares TIPS Bond ETF

Often compared with CHGG:
CHGG vs. LRNCHGG vs. SMHCHGG vs. QQQCHGG vs. VUGCHGG vs. VOOCHGG vs. MSFTCHGG vs. CBT
Often compared with TIP:
TIP vs. VTIPTIP vs. SCHPTIP vs. SGOVTIP vs. STIPTIP vs. FIPDXTIP vs. BNDTIP vs. IEF

Return for Risk

CHGG vs. TIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHGG
CHGG Risk / Return Rank: 3434
Overall Rank
CHGG Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
CHGG Sortino Ratio Rank: 4141
Sortino Ratio Rank
CHGG Omega Ratio Rank: 4040
Omega Ratio Rank
CHGG Calmar Ratio Rank: 2929
Calmar Ratio Rank
CHGG Martin Ratio Rank: 3030
Martin Ratio Rank
TIP
TIP Risk / Return Rank: 3232
Overall Rank
TIP Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
TIP Sortino Ratio Rank: 2929
Sortino Ratio Rank
TIP Omega Ratio Rank: 2727
Omega Ratio Rank
TIP Calmar Ratio Rank: 3838
Calmar Ratio Rank
TIP Martin Ratio Rank: 3737
Martin Ratio Rank
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.

CHGG vs. TIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chegg, Inc. (CHGG) 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.

CHGGTIPDifference
Sharpe ratioReturn per unit of total volatility
-0.30
0.89

-1.19

Sortino ratioReturn per unit of downside risk
0.29
1.32

-1.03

Omega ratioGain probability vs. loss probability

1.03

1.16

-0.12

Calmar ratioReturn relative to maximum drawdown

-0.45

1.57

-2.02

Martin ratioReturn relative to average drawdown

-0.76

4.50

-5.26

CHGG vs. TIP - Sharpe Ratio Comparison

The current CHGG Sharpe Ratio is -0.30, which is lower than the TIP Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of CHGG and TIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CHGG vs. TIP - Drawdown Comparison

The maximum CHGG drawdown since its inception was -99.60%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for CHGG and TIP.

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Drawdown Indicators

CHGGTIPDifference

Max Drawdown

Largest peak-to-trough decline

-99.60%

-14.57%

-85.03%

Max Drawdown (1Y)

Largest decline over 1 year

-75.54%

-1.98%

-73.56%

Max Drawdown (3Y)

Largest decline over 3 years

-96.06%

-4.50%

-91.56%

Max Drawdown (5Y)

Largest decline over 5 years

-99.50%

-14.51%

-84.99%

Max Drawdown (10Y)

Largest decline over 10 years

-99.60%

-14.51%

-85.09%

Current Drawdown

Current decline from peak

-99.26%

-1.05%

-98.21%

Average Drawdown

Average peak-to-trough decline

-48.10%

-3.42%

-44.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

44.49%

0.69%

+43.80%

Volatility

CHGG vs. TIP - Volatility Comparison

Chegg, Inc. (CHGG) has a higher volatility of 23.97% compared to iShares TIPS Bond ETF (TIP) at 1.26%. This indicates that CHGG'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

CHGGTIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.97%

1.26%

+22.71%

Volatility (6M)

Calculated over the trailing 6-month period

79.81%

2.54%

+77.27%

Volatility (1Y)

Calculated over the trailing 1-year period

113.81%

3.48%

+110.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

88.86%

6.20%

+82.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.10%

5.73%

+65.37%

Dividends

CHGG vs. TIP - Dividend Comparison

CHGG has not paid dividends to shareholders, while TIP's dividend yield for the trailing twelve months is around 4.45%.

PositionTTM20252024202320222021202020192018201720162015
CHGG
Chegg, Inc.		0.00%0.00%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		4.45%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

CHGG and TIP have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CHGG has higher volatility (23.97%) compared to TIP (1.26%). In terms of maximum drawdown, CHGG dropped -99.60% vs TIP's -14.57%.

TIP currently has the higher Sharpe Ratio (0.89 vs -0.30), 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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