GLNCY vs. TIP
GLNCY (Glencore PLC ADR) is a stock, while TIP (iShares TIPS Bond ETF) is Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). Over the past 10 years, GLNCY returned 19.48%/yr vs 2.57%/yr for TIP. At a correlation of -0.02, they often move in opposite directions.
Performance
GLNCY vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, GLNCY achieves a 50.16% return, which is significantly higher than TIP's 1.54% return. Over the past 10 years, GLNCY has outperformed TIP with an annualized return of 19.48%, while TIP has yielded a comparatively lower 2.57% annualized return.
GLNCY
- 1D
- -2.29%
- 1M
- 8.55%
- YTD
- 50.16%
- 6M
- 61.54%
- 1Y
- 118.41%
- 3Y*
- 19.26%
- 5Y*
- 17.27%
- 10Y*
- 19.48%
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%
GLNCY vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLNCY Glencore PLC ADR | 50.16% | 28.74% | -25.38% | -1.13% | 40.92% | 66.50% | 1.46% | -10.33% | -27.77% | 56.55% |
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 GLNCY and TIP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2011 | -0.02 |
The correlation between GLNCY and TIP shifts across timeframes, from -0.02 (all time) to 0.14 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLNCY vs. TIP — Risk / Return Rank
GLNCY
TIP
GLNCY vs. TIP - Risk-Adjusted Trends 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.
| GLNCY | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.26 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 8.10 | 2.52 | +5.58 |
| Martin ratioReturn relative to average drawdown | 24.92 | 7.57 | +17.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLNCY | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.59 | 1.46 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.16 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.45 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.57 | -0.47 |
Drawdowns
GLNCY vs. TIP - Drawdown Comparison
The maximum GLNCY drawdown since its inception was -85.04%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for GLNCY and TIP.
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Drawdown Indicators
| GLNCY | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.04% | -14.57% | -70.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -1.98% | -12.73% |
Max Drawdown (3Y)Largest decline over 3 years | -53.44% | -4.54% | -48.90% |
Max Drawdown (5Y)Largest decline over 5 years | -54.06% | -14.51% | -39.55% |
Max Drawdown (10Y)Largest decline over 10 years | -76.10% | -14.51% | -61.59% |
Current DrawdownCurrent decline from peak | -2.29% | -0.32% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -32.33% | -3.43% | -28.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 0.66% | +4.11% |
Volatility
GLNCY vs. TIP - Volatility Comparison
Glencore PLC ADR (GLNCY) has a higher volatility of 10.04% compared to iShares TIPS Bond ETF (TIP) at 0.89%. 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.
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Volatility by Period
| GLNCY | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 0.89% | +9.15% |
Volatility (6M)Calculated over the trailing 6-month period | 24.86% | 2.29% | +22.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.22% | 3.41% | +29.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.68% | 6.21% | +29.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.05% | 5.74% | +33.31% |
Dividends
GLNCY vs. TIP - Dividend Comparison
GLNCY's dividend yield for the trailing twelve months is around 1.66%, less than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLNCY Glencore PLC ADR | 1.66% | 1.83% | 2.98% | 8.68% | 5.56% | 3.00% | 0.00% | 5.50% | 4.70% | 1.08% | 0.00% | 13.64% |
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
GLNCY and TIP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLNCY has higher volatility (10.04%) compared to TIP (0.89%). In terms of maximum drawdown, GLNCY dropped -85.04% vs TIP's -14.57%.
GLNCY currently has the higher Sharpe Ratio (3.59 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.
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