ESS vs. TIP
Compare and contrast key facts about Essex Property Trust, Inc. (ESS) and iShares TIPS Bond ETF (TIP).
TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESS or TIP.
Correlation
The correlation between ESS and TIP is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ESS vs. TIP - Performance Comparison
Key characteristics
ESS:
1.41
TIP:
1.65
ESS:
1.95
TIP:
2.38
ESS:
1.24
TIP:
1.29
ESS:
0.98
TIP:
0.65
ESS:
5.90
TIP:
4.78
ESS:
4.97%
TIP:
1.53%
ESS:
20.89%
TIP:
4.42%
ESS:
-62.67%
TIP:
-14.56%
ESS:
-8.17%
TIP:
-3.46%
Returns By Period
The year-to-date returns for both stocks are quite close, with ESS having a 4.90% return and TIP slightly lower at 4.82%. Over the past 10 years, ESS has outperformed TIP with an annualized return of 5.78%, while TIP has yielded a comparatively lower 2.32% annualized return.
ESS
4.90%
-3.49%
3.34%
28.28%
12.99%
5.78%
TIP
4.82%
1.30%
1.81%
7.29%
1.73%
2.32%
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Risk-Adjusted Performance
ESS vs. TIP — Risk-Adjusted Performance Rank
ESS
TIP
ESS vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Essex Property Trust, Inc. (ESS) 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.
Dividends
ESS vs. TIP - Dividend Comparison
ESS's dividend yield for the trailing twelve months is around 3.37%, more than TIP's 3.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.37% | 2.57% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% | 2.47% |
TIP iShares TIPS Bond ETF | 3.00% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
Drawdowns
ESS vs. TIP - Drawdown Comparison
The maximum ESS drawdown since its inception was -62.67%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for ESS and TIP. For additional features, visit the drawdowns tool.
Volatility
ESS vs. TIP - Volatility Comparison
Essex Property Trust, Inc. (ESS) has a higher volatility of 6.77% compared to iShares TIPS Bond ETF (TIP) at 1.26%. This indicates that ESS'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.