GTIP vs. IUSB
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and IUSB (iShares Core Universal USD Bond 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 IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index. Both are passively managed. Over the past 5 years, GTIP returned 0.90%/yr vs 0.40%/yr for IUSB. A 0.77 correlation means they provide meaningful diversification when combined. GTIP charges 0.12%/yr vs 0.06%/yr for IUSB.
Performance
GTIP vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 0.84% return, which is significantly higher than IUSB's 0.54% return.
GTIP
- 1D
- -0.49%
- 1M
- -0.13%
- YTD
- 0.84%
- 6M
- 0.90%
- 1Y
- 3.50%
- 3Y*
- 3.61%
- 5Y*
- 0.90%
- 10Y*
- —
IUSB
- 1D
- -0.28%
- 1M
- 0.57%
- YTD
- 0.54%
- 6M
- 0.62%
- 1Y
- 4.82%
- 3Y*
- 4.47%
- 5Y*
- 0.40%
- 10Y*
- 1.89%
GTIP vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 0.84% | 6.63% | 2.04% | 3.88% | -12.14% | 5.86% | 10.83% | 8.33% | 0.32% |
IUSB iShares Core Universal USD Bond ETF | 0.54% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | 1.58% |
Correlation
The correlation between GTIP and IUSB is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.77 |
The correlation between GTIP and IUSB shifts across timeframes, from 0.77 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GTIP vs. IUSB — Risk / Return Rank
GTIP
IUSB
GTIP vs. IUSB - 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 Core Universal USD Bond ETF (IUSB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTIP | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.92 | -0.17 |
| Martin ratioReturn relative to average drawdown | 5.43 | 5.54 | -0.10 |
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Drawdowns
GTIP vs. IUSB - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for GTIP and IUSB.
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Drawdown Indicators
| GTIP | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -17.90% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -2.53% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -5.82% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -17.87% | +3.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.22% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -3.58% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.87% | -0.22% |
Volatility
GTIP vs. IUSB - Volatility Comparison
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a higher volatility of 1.15% compared to iShares Core Universal USD Bond ETF (IUSB) at 1.08%. This indicates that GTIP's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTIP | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.08% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.73% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 3.59% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 5.80% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.00% | 5.05% | +0.95% |
GTIP vs. IUSB - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is higher than IUSB's 0.06% 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. IUSB - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.73%, more than IUSB's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.73% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 0.00% | 0.00% | 0.00% |
IUSB iShares Core Universal USD Bond ETF | 4.23% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
GTIP and IUSB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTIP has higher volatility (1.15%) compared to IUSB (1.08%). In terms of maximum drawdown, GTIP dropped -14.31% vs IUSB's -17.90%.
On 5-year performance, GTIP leads with 0.90% vs 0.40% for IUSB. On fees, IUSB is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GTIP has performed better with a 0.90% return vs 0.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.12% for GTIP.
GTIP has the higher dividend yield at 4.73%, compared with 4.23% for IUSB.
GTIP is categorized as Inflation-Protected Bonds, while IUSB is Intermediate Core-Plus Bond. GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while IUSB tracks Bloomberg U.S. Universal Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GTIP and 0.06% for IUSB.
IUSB currently has the higher Sharpe Ratio (1.35 vs 1.05), 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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