GTIP vs. GBIL
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GTIP is a Inflation-Protected Bonds fund tracking the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past 5 years, GTIP returned 1.09%/yr vs 3.32%/yr for GBIL. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
GTIP vs. GBIL - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 1.70% return, which is significantly higher than GBIL's 1.42% return.
GTIP
- 1D
- -0.08%
- 1M
- 0.04%
- YTD
- 1.70%
- 6M
- 1.11%
- 1Y
- 5.10%
- 3Y*
- 4.01%
- 5Y*
- 1.09%
- 10Y*
- —
GBIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.42%
- 6M
- 1.73%
- 1Y
- 3.91%
- 3Y*
- 4.64%
- 5Y*
- 3.32%
- 10Y*
- —
GTIP vs. GBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.70% | 6.63% | 2.04% | 3.88% | -12.14% | 5.86% | 10.83% | 8.33% | 0.24% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.42% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 0.52% |
Correlation
The correlation between GTIP and GBIL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018 | 0.17 |
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Return for Risk
GTIP vs. GBIL — Risk / Return Rank
GTIP
GBIL
GTIP vs. GBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.
| GTIP | GBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.35 | ||
| Sortino ratioReturn per unit of downside risk | -100.56 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 39.42 | -38.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 196.43 | -193.90 |
| Martin ratioReturn relative to average drawdown | 8.00 | 1,608.66 | -1,600.66 |
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
| GTIP | GBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 16.89 | -15.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 5.78 | -5.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 4.87 | -4.31 |
Drawdowns
GTIP vs. GBIL - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GTIP and GBIL.
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Drawdown Indicators
| GTIP | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -0.76% | -13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -0.02% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -0.76% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -0.76% | -13.55% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -0.04% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.00% | +0.64% |
Volatility
GTIP vs. GBIL - Volatility Comparison
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a higher volatility of 0.97% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that GTIP's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTIP | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.04% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 0.14% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 0.23% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 0.58% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 0.47% | +5.54% |
GTIP vs. GBIL - Expense Ratio Comparison
Both GTIP and GBIL have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GTIP vs. GBIL - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.69%, more than GBIL's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.74% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.69% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 0.00% | 0.00% |
Frequently Asked Questions
GTIP and GBIL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTIP has higher volatility (0.97%) compared to GBIL (0.04%). In terms of maximum drawdown, GTIP dropped -14.31% vs GBIL's -0.76%.
On 5-year performance, GBIL leads with 3.32% vs 1.09% for GTIP. Both ETFs have the same 0.12% expense ratio. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GBIL has performed better with a 3.32% return vs 1.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTIP and GBIL have the same expense ratio: 0.12% per year.
GTIP has the higher dividend yield at 4.69%, compared with 3.74% for GBIL.
GTIP is categorized as Inflation-Protected Bonds, while GBIL is Government Bonds. GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index.
GBIL currently has the higher Sharpe Ratio (16.89 vs 1.53), 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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