GLNCY vs. TIP
Compare and contrast key facts about Glencore PLC ADR (GLNCY) 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: GLNCY or TIP.
Key characteristics
| GLNCY | TIP | |
|---|---|---|
| YTD Return | -15.81% | 4.82% |
| 1Y Return | -9.79% | 7.84% |
| 3Y Return (Ann) | 8.71% | -1.15% |
| 5Y Return (Ann) | 15.23% | 2.59% |
| 10Y Return (Ann) | 3.03% | 2.31% |
| Sharpe Ratio | -0.20 | 1.41 |
| Daily Std Dev | 28.64% | 5.46% |
| Max Drawdown | -85.08% | -14.56% |
| Current Drawdown | -22.52% | -5.03% |
Correlation
The correlation between GLNCY and TIP is -0.03. 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
GLNCY vs. TIP - Performance Comparison
In the year-to-date period, GLNCY achieves a -15.81% return, which is significantly lower than TIP's 4.82% return. Over the past 10 years, GLNCY has outperformed TIP with an annualized return of 3.03%, while TIP has yielded a comparatively lower 2.31% 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
GLNCY vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Glencore PLC ADR (GLNCY) 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
GLNCY vs. TIP - Dividend Comparison
GLNCY's dividend yield for the trailing twelve months is around 2.64%, less than TIP's 2.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLNCY Glencore PLC ADR | 2.64% | 8.68% | 5.52% | 3.11% | 3.19% | 6.34% | 5.41% | 1.32% | 0.00% | 15.16% | 3.63% | 2.96% |
TIP iShares TIPS Bond ETF | 2.72% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
GLNCY vs. TIP - Drawdown Comparison
The maximum GLNCY drawdown since its inception was -85.08%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for GLNCY and TIP. For additional features, visit the drawdowns tool.
Volatility
GLNCY vs. TIP - Volatility Comparison
Glencore PLC ADR (GLNCY) has a higher volatility of 9.29% compared to iShares TIPS Bond ETF (TIP) at 1.01%. This indicates that GLNCY'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.