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EFV vs. TIP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFV vs. TIP

Last updated Jun 4, 2026

EFV (iShares MSCI EAFE Value ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index, while TIP is a Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). Both are passively managed. Over the past 10 years, EFV returned 9.75%/yr vs 2.57%/yr for TIP. At a correlation of -0.05, they often move in opposite directions. EFV charges 0.39%/yr vs 0.19%/yr for TIP.

Performance

EFV vs. TIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Value ETF (EFV) 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, EFV achieves a 9.13% return, which is significantly higher than TIP's 1.54% return. Over the past 10 years, EFV has outperformed TIP with an annualized return of 9.75%, while TIP has yielded a comparatively lower 2.57% annualized return.

EFV

1D
-0.78%
1M
2.26%
YTD
9.13%
6M
12.94%
1Y
27.83%
3Y*
21.99%
5Y*
12.07%
10Y*
9.75%

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)

EFV vs. TIP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFV
iShares MSCI EAFE Value ETF		9.13%42.22%5.35%18.85%-5.22%11.08%-2.97%15.80%-14.67%21.22%
TIP
iShares TIPS Bond ETF		1.54%6.77%1.65%3.80%-12.26%5.68%10.84%8.35%-1.42%2.92%

Correlation

The correlation between EFV and TIP is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.30

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

0.21

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

0.09

Correlation (All Time)
Calculated using the full available price history since Aug 8, 2005

-0.05

The correlation between EFV and TIP shifts across timeframes, from -0.05 (all time) to 0.30 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares MSCI EAFE Value ETF

iShares TIPS Bond ETF

Often compared with EFV:
EFV vs. VEAEFV vs. EFAVEFV vs. DFIVXEFV vs. FIVAEFV vs. VOOEFV vs. SCHFEFV vs. VTRIX
Often compared with TIP:
TIP vs. SCHPTIP vs. VTIPTIP vs. SGOVTIP vs. STIPTIP vs. FIPDXTIP vs. BNDTIP vs. IEF

Return for Risk

EFV vs. TIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFV
EFV Risk / Return Rank: 5555
Overall Rank
EFV Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EFV Sortino Ratio Rank: 5656
Sortino Ratio Rank
EFV Omega Ratio Rank: 5757
Omega Ratio Rank
EFV Calmar Ratio Rank: 5151
Calmar Ratio Rank
EFV Martin Ratio Rank: 5555
Martin Ratio Rank
TIP
TIP Risk / Return Rank: 4444
Overall Rank
TIP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
TIP Sortino Ratio Rank: 4444
Sortino Ratio Rank
TIP Omega Ratio Rank: 3939
Omega Ratio Rank
TIP Calmar Ratio Rank: 5050
Calmar Ratio Rank
TIP Martin Ratio Rank: 4545
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.

EFV vs. TIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) 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.

EFVTIPDifference

Sharpe ratio

Return per unit of total volatility

1.97

1.46

+0.51

Sortino ratio

Return per unit of downside risk

2.73

2.24

+0.49

Omega ratio

Gain probability vs. loss probability

1.36

1.26

+0.10

Calmar ratio

Return relative to maximum drawdown

2.57

2.52

+0.04

Martin ratio

Return relative to average drawdown

9.57

7.57

+2.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFV vs. TIP - Sharpe Ratio Comparison

The current EFV Sharpe Ratio is 1.97, which is higher than the TIP Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of EFV 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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Sharpe Ratios by Period

EFVTIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.97

1.46

+0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.16

+0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.45

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.57

-0.31

Drawdowns

EFV vs. TIP - Drawdown Comparison

The maximum EFV drawdown since its inception was -63.94%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for EFV and TIP.

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Drawdown Indicators

EFVTIPDifference

Max Drawdown

Largest peak-to-trough decline

-63.94%

-14.57%

-49.37%

Max Drawdown (1Y)

Largest decline over 1 year

-10.90%

-1.98%

-8.92%

Max Drawdown (3Y)

Largest decline over 3 years

-13.72%

-4.54%

-9.18%

Max Drawdown (5Y)

Largest decline over 5 years

-25.84%

-14.51%

-11.33%

Max Drawdown (10Y)

Largest decline over 10 years

-43.16%

-14.51%

-28.65%

Current Drawdown

Current decline from peak

-2.51%

-0.32%

-2.19%

Average Drawdown

Average peak-to-trough decline

-14.83%

-3.43%

-11.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

0.66%

+2.25%

Volatility

EFV vs. TIP - Volatility Comparison

iShares MSCI EAFE Value ETF (EFV) has a higher volatility of 4.52% compared to iShares TIPS Bond ETF (TIP) at 0.89%. This indicates that EFV'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

EFVTIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.52%

0.89%

+3.63%

Volatility (6M)

Calculated over the trailing 6-month period

11.56%

2.29%

+9.27%

Volatility (1Y)

Calculated over the trailing 1-year period

14.21%

3.41%

+10.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.96%

6.21%

+9.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.86%

5.74%

+12.12%

EFV vs. TIP - Expense Ratio Comparison

EFV has a 0.39% expense ratio, which is higher than TIP's 0.19% expense ratio.

Dividends

EFV vs. TIP - Dividend Comparison

EFV's dividend yield for the trailing twelve months is around 3.81%, more than TIP's 3.76% yield.

PositionTTM20252024202320222021202020192018201720162015
EFV
iShares MSCI EAFE Value ETF		3.81%4.16%4.66%4.36%4.17%4.07%2.42%4.62%4.56%3.56%3.28%3.59%
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

EFV and TIP have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EFV has higher volatility (4.52%) compared to TIP (0.89%). In terms of maximum drawdown, EFV dropped -63.94% vs TIP's -14.57%.

On 10-year performance, EFV leads with 9.75% vs 2.57% for TIP. On fees, TIP is cheaper at 0.19% per year. On volatility, TIP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EFV has performed better with a 9.75% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TIP is cheaper with a 0.19% expense ratio, compared with 0.39% for EFV.

EFV has the higher dividend yield at 3.81%, compared with 3.76% for TIP.

EFV is categorized as Foreign Large Cap Equities, while TIP is Inflation-Protected Bonds. EFV tracks MSCI EAFE Value Index, while TIP tracks Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). Their fees differ too: 0.39% for EFV and 0.19% for TIP.

EFV currently has the higher Sharpe Ratio (1.97 vs 1.46), 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.

Portfolio Optimizer

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