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.
Key characteristics
| ESS | TIP | |
|---|---|---|
| YTD Return | 21.81% | 2.58% |
| 1Y Return | 45.57% | 6.03% |
| 3Y Return (Ann) | -0.94% | -2.12% |
| 5Y Return (Ann) | 2.12% | 2.04% |
| 10Y Return (Ann) | 7.21% | 2.01% |
| Sharpe Ratio | 1.98 | 1.25 |
| Sortino Ratio | 2.77 | 1.85 |
| Omega Ratio | 1.33 | 1.22 |
| Calmar Ratio | 1.11 | 0.49 |
| Martin Ratio | 10.61 | 5.98 |
| Ulcer Index | 4.11% | 1.06% |
| Daily Std Dev | 22.00% | 5.03% |
| Max Drawdown | -62.67% | -14.56% |
| Current Drawdown | -9.91% | -7.06% |
Correlation
The correlation between ESS and TIP is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ESS vs. TIP - Performance Comparison
In the year-to-date period, ESS achieves a 21.81% return, which is significantly higher than TIP's 2.58% return. Over the past 10 years, ESS has outperformed TIP with an annualized return of 7.21%, while TIP has yielded a comparatively lower 2.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 3.29%, more than TIP's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.29% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% | 2.47% | 3.37% |
TIP iShares TIPS Bond ETF | 2.40% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
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 7.88% compared to iShares TIPS Bond ETF (TIP) at 1.11%. 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.