GTIP vs. IBII
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and IBII (iShares iBonds Oct 2032 Term TIPS ETF) are both Inflation-Protected Bonds funds - GTIP tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index while IBII tracks the ICE 2032 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, GTIP returned 5.10% vs 5.64% for IBII. With a 0.97 correlation, they move nearly in lockstep. GTIP charges 0.12%/yr vs 0.10%/yr for IBII.
Performance
GTIP vs. IBII - 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 IBII's 1.61% return.
GTIP
- 1D
- -0.08%
- 1M
- 0.04%
- YTD
- 1.70%
- 6M
- 1.11%
- 1Y
- 5.10%
- 3Y*
- 4.01%
- 5Y*
- 1.09%
- 10Y*
- —
IBII
- 1D
- -0.21%
- 1M
- -0.52%
- YTD
- 1.61%
- 6M
- 1.05%
- 1Y
- 5.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTIP vs. IBII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.70% | 6.63% | 2.04% | 3.86% |
IBII iShares iBonds Oct 2032 Term TIPS ETF | 1.61% | 8.65% | 1.21% | 4.85% |
Correlation
The correlation between GTIP and IBII is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.97 |
The correlation between GTIP and IBII has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
GTIP vs. IBII — Risk / Return Rank
GTIP
IBII
GTIP vs. IBII - 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 iShares iBonds Oct 2032 Term TIPS ETF (IBII). 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 | IBII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.86 | -0.32 |
| Martin ratioReturn relative to average drawdown | 8.00 | 9.84 | -1.84 |
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 | IBII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 1.66 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.12 | -0.56 |
Drawdowns
GTIP vs. IBII - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, which is greater than IBII's maximum drawdown of -4.65%. Use the drawdown chart below to compare losses from any high point for GTIP and IBII.
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Drawdown Indicators
| GTIP | IBII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -4.65% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -1.98% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.67% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -1.12% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.57% | +0.07% |
Volatility
GTIP vs. IBII - Volatility Comparison
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a higher volatility of 0.97% compared to iShares iBonds Oct 2032 Term TIPS ETF (IBII) at 0.89%. This indicates that GTIP's price experiences larger fluctuations and is considered to be riskier than IBII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTIP | IBII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.89% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.29% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 3.42% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 5.42% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 5.42% | +0.59% |
GTIP vs. IBII - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is higher than IBII's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GTIP vs. IBII - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.69%, more than IBII's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
IBII iShares iBonds Oct 2032 Term TIPS ETF | 4.05% | 4.80% | 4.76% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, GTIP and IBII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GTIP has higher volatility (0.97%) compared to IBII (0.89%). In terms of maximum drawdown, GTIP dropped -14.31% vs IBII's -4.65%.
On 1-year performance, IBII leads with 5.64% vs 5.10% for GTIP. On fees, IBII is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBII has performed better with a 5.64% return vs 5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBII is cheaper with a 0.10% expense ratio, compared with 0.12% for GTIP.
GTIP has the higher dividend yield at 4.69%, compared with 4.05% for IBII.
GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while IBII tracks ICE 2032 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GTIP and 0.10% for IBII.
IBII currently has the higher Sharpe Ratio (1.66 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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