DFIP vs. ICPI
DFIP (Dimensional Inflation-Protected Securities ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. DFIP is actively managed, while ICPI is passively managed. At a correlation of -0.02, they often move in opposite directions. DFIP charges 0.11%/yr vs 0.09%/yr for ICPI.
Performance
DFIP vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, DFIP achieves a 0.72% return, which is significantly lower than ICPI's 2.44% return.
DFIP
- 1D
- -0.44%
- 1M
- -0.20%
- YTD
- 0.72%
- 6M
- 0.83%
- 1Y
- 3.57%
- 3Y*
- 3.87%
- 5Y*
- —
- 10Y*
- —
ICPI
- 1D
- -0.09%
- 1M
- -0.05%
- YTD
- 2.44%
- 6M
- 2.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFIP vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 0.72% | -0.19% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.44% | 0.32% |
Correlation
The correlation between DFIP and ICPI is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.02 |
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Return for Risk
DFIP vs. ICPI — Risk / Return Rank
DFIP
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFIP vs. ICPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and iShares 0-1 Year TIPS Bond ETF (ICPI). 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.
| DFIP | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | — | — |
| Martin ratioReturn relative to average drawdown | 5.15 | — | — |
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Drawdowns
DFIP vs. ICPI - Drawdown Comparison
The maximum DFIP drawdown since its inception was -14.96%, which is greater than ICPI's maximum drawdown of -0.32%. Use the drawdown chart below to compare losses from any high point for DFIP and ICPI.
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Drawdown Indicators
| DFIP | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -0.32% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.82% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -0.32% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -0.04% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | — | — |
Volatility
DFIP vs. ICPI - Volatility Comparison
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Volatility by Period
| DFIP | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 0.96% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.79% | 0.96% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 0.96% | +5.83% |
DFIP vs. ICPI - Expense Ratio Comparison
DFIP has a 0.11% expense ratio, which is higher than ICPI's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DFIP vs. ICPI - Dividend Comparison
DFIP's dividend yield for the trailing twelve months is around 3.91%, more than ICPI's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 3.91% | 4.70% | 3.69% | 3.68% | 5.97% | 0.56% |
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFIP and ICPI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.11% for DFIP.
DFIP has the higher dividend yield at 3.91%, compared with 1.80% for ICPI.
They also come from different issuers: Dimensional and iShares. Their fees differ too: 0.11% for DFIP and 0.09% for ICPI.
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