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GTIP vs. TIP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GTIP vs. TIP

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and iShares TIPS Bond ETF (TIP).

GTIP and TIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTIP is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. It was launched on Oct 2, 2018. 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. Both GTIP and TIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GTIP vs. TIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and iShares TIPS Bond ETF (TIP). The values are adjusted to include any dividend payments, if applicable.

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GTIP vs. TIP - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF		0.49%6.63%2.04%3.88%-12.14%5.86%10.83%8.33%0.24%
TIP
iShares TIPS Bond ETF		0.41%6.77%1.65%3.80%-12.26%5.68%10.84%8.35%0.34%

Returns By Period

In the year-to-date period, GTIP achieves a 0.49% return, which is significantly higher than TIP's 0.41% return.

GTIP

1D
0.04%
1M
-1.35%
YTD
0.49%
6M
0.38%
1Y
2.93%
3Y*
3.06%
5Y*
1.34%
10Y*
—

TIP

1D
0.01%
1M
-1.36%
YTD
0.41%
6M
0.33%
1Y
2.82%
3Y*
2.98%
5Y*
1.24%
10Y*
2.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Goldman Sachs Access Inflation Protected USD Bond ETF

iShares TIPS Bond ETF

Often compared with GTIP:
GTIP vs. IUSBGTIP vs. FPEIGTIP vs. SCHPGTIP vs. VTIPGTIP vs. STPZGTIP vs. ^GSPCGTIP vs. RINF
Often compared with TIP:
TIP vs. SCHPTIP vs. VTIPTIP vs. SGOVTIP vs. STIPTIP vs. FIPDXTIP vs. IEFTIP vs. BND

GTIP vs. TIP - Expense Ratio Comparison

GTIP has a 0.12% expense ratio, which is lower than TIP's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

TIP
iShares TIPS Bond ETF
GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF

Return for Risk

GTIP vs. TIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GTIP
GTIP Risk / Return Rank: 3939
Overall Rank
GTIP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
GTIP Sortino Ratio Rank: 3737
Sortino Ratio Rank
GTIP Omega Ratio Rank: 3333
Omega Ratio Rank
GTIP Calmar Ratio Rank: 4646
Calmar Ratio Rank
GTIP Martin Ratio Rank: 3838
Martin Ratio Rank
TIP
TIP Risk / Return Rank: 4040
Overall Rank
TIP Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
TIP Sortino Ratio Rank: 3535
Sortino Ratio Rank
TIP Omega Ratio Rank: 3333
Omega Ratio Rank
TIP Calmar Ratio Rank: 5151
Calmar Ratio Rank
TIP Martin Ratio Rank: 3939
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTIP vs. TIP - 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 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.

GTIPTIPDifference

Sharpe ratio

Return per unit of total volatility

0.73

0.68

+0.05

Sortino ratio

Return per unit of downside risk

1.03

0.95

+0.08

Omega ratio

Gain probability vs. loss probability

1.13

1.12

+0.01

Calmar ratio

Return relative to maximum drawdown

1.15

1.18

-0.03

Martin ratio

Return relative to average drawdown

3.44

3.44

0.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTIP vs. TIP - Sharpe Ratio Comparison

The current GTIP Sharpe Ratio is 0.73, which is comparable to the TIP Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of GTIP and TIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GTIPTIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.73

0.68

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.20

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.57

-0.03

Correlation

The correlation between GTIP and TIP is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GTIP vs. TIP - Dividend Comparison

GTIP's dividend yield for the trailing twelve months is around 4.43%, more than TIP's 3.45% yield.

TTM20252024202320222021202020192018201720162015
GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF		4.43%4.58%3.52%2.77%6.47%3.82%1.04%2.34%0.66%0.00%0.00%0.00%
TIP
iShares TIPS Bond ETF		3.45%3.46%2.52%2.73%6.96%4.28%1.17%1.75%2.71%2.07%1.48%0.34%

Drawdowns

GTIP vs. TIP - Drawdown Comparison

The maximum GTIP drawdown since its inception was -14.31%, roughly equal to the maximum TIP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for GTIP and TIP.

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Drawdown Indicators

GTIPTIPDifference

Max Drawdown

Largest peak-to-trough decline

-14.31%

-14.57%

+0.26%

Max Drawdown (1Y)

Largest decline over 1 year

-2.86%

-2.74%

-0.12%

Max Drawdown (5Y)

Largest decline over 5 years

-14.31%

-14.51%

+0.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-14.51%

—

Current Drawdown

Current decline from peak

-1.35%

-1.36%

+0.01%

Average Drawdown

Average peak-to-trough decline

-4.32%

-3.46%

-0.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

0.94%

+0.02%

Volatility

GTIP vs. TIP - Volatility Comparison

Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and iShares TIPS Bond ETF (TIP) have volatilities of 1.42% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GTIPTIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.42%

1.41%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

2.33%

2.35%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

4.05%

4.17%

-0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.08%

6.23%

-0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.06%

5.75%

+0.31%