DFIP vs. TIPZ
DFIP (Dimensional Inflation-Protected Securities ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds. DFIP is actively managed, while TIPZ is passively managed. Over the past 3 years, DFIP returned 3.87%/yr vs 3.46%/yr for TIPZ. With a 0.96 correlation, they move nearly in lockstep. DFIP charges 0.11%/yr vs 0.20%/yr for TIPZ.
Performance
DFIP vs. TIPZ - 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 TIPZ's 1.92% return.
DFIP
- 1D
- -0.44%
- 1M
- -0.20%
- YTD
- 0.72%
- 6M
- 0.83%
- 1Y
- 3.57%
- 3Y*
- 3.87%
- 5Y*
- —
- 10Y*
- —
TIPZ
- 1D
- -0.40%
- 1M
- -0.01%
- YTD
- 1.92%
- 6M
- 0.98%
- 1Y
- 3.71%
- 3Y*
- 3.46%
- 5Y*
- 0.60%
- 10Y*
- 2.37%
DFIP vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 0.72% | 7.54% | 1.72% | 4.07% | -12.39% | -0.37% |
TIPZ PIMCO Broad US TIPS Index ETF | 1.92% | 5.87% | 1.52% | 3.37% | -12.67% | -0.54% |
Correlation
The correlation between DFIP and TIPZ is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.96 |
The correlation between DFIP and TIPZ has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
DFIP vs. TIPZ — Risk / Return Rank
DFIP
TIPZ
DFIP vs. TIPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and PIMCO Broad US TIPS Index ETF (TIPZ). 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 | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.71 | +0.03 |
| Martin ratioReturn relative to average drawdown | 5.15 | 5.28 | -0.13 |
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Drawdowns
DFIP vs. TIPZ - Drawdown Comparison
The maximum DFIP drawdown since its inception was -14.96%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for DFIP and TIPZ.
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Drawdown Indicators
| DFIP | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -15.77% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -2.18% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.82% | -4.74% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.77% | — |
Current DrawdownCurrent decline from peak | -1.22% | -2.08% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -4.32% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.70% | -0.01% |
Volatility
DFIP vs. TIPZ - Volatility Comparison
Dimensional Inflation-Protected Securities ETF (DFIP) has a higher volatility of 1.31% compared to PIMCO Broad US TIPS Index ETF (TIPZ) at 1.19%. This indicates that DFIP's price experiences larger fluctuations and is considered to be riskier than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFIP | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.19% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 3.01% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 3.91% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.79% | 6.35% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 5.85% | +0.94% |
DFIP vs. TIPZ - Expense Ratio Comparison
DFIP has a 0.11% expense ratio, which is lower than TIPZ's 0.20% 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
DFIP vs. TIPZ - Dividend Comparison
DFIP's dividend yield for the trailing twelve months is around 3.91%, less than TIPZ's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 3.91% | 4.70% | 3.69% | 3.68% | 5.97% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.14% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
With a correlation of 0.95, DFIP and TIPZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DFIP has higher volatility (1.31%) compared to TIPZ (1.19%). In terms of maximum drawdown, DFIP dropped -14.96% vs TIPZ's -15.77%.
On 3-year performance, DFIP leads with 3.87% vs 3.46% for TIPZ. On fees, DFIP is cheaper at 0.11% per year. On volatility, TIPZ has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFIP has performed better with a 3.87% return vs 3.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFIP is cheaper with a 0.11% expense ratio, compared with 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.14%, compared with 3.91% for DFIP.
They also come from different issuers: Dimensional and PIMCO. Their fees differ too: 0.11% for DFIP and 0.20% for TIPZ.
DFIP currently has the higher Sharpe Ratio (1.03 vs 0.96), 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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