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GTIP vs. WIP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GTIP vs. WIP

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP).

GTIP and WIP 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. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. Both GTIP and WIP 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. WIP - 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 SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). The values are adjusted to include any dividend payments, if applicable.

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GTIP vs. WIP - 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%
WIP
SPDR FTSE International Government Inflation-Protected Bond ETF		1.01%15.18%-8.71%8.84%-15.54%-4.15%8.37%8.62%1.63%

Returns By Period

In the year-to-date period, GTIP achieves a 0.49% return, which is significantly lower than WIP's 1.01% return.

GTIP

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

WIP

1D
1.59%
1M
-3.65%
YTD
1.01%
6M
3.15%
1Y
11.57%
3Y*
2.96%
5Y*
-0.36%
10Y*
1.28%
*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

SPDR FTSE International Government Inflation-Protected Bond ETF

Often compared with GTIP:
GTIP vs. TIPGTIP vs. IUSBGTIP vs. FPEIGTIP vs. SCHPGTIP vs. VTIPGTIP vs. STPZGTIP vs. ^GSPC
Often compared with WIP:
WIP vs. VTIPWIP vs. EMLCWIP vs. USHYWIP vs. ARGTWIP vs. FLOTWIP vs. FBNDWIP vs. BNDW

GTIP vs. WIP - Expense Ratio Comparison

GTIP has a 0.12% expense ratio, which is lower than WIP's 0.50% expense ratio.

WIP
SPDR FTSE International Government Inflation-Protected Bond ETF
GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF

Return for Risk

GTIP vs. WIP — 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
WIP
WIP Risk / Return Rank: 7070
Overall Rank
WIP Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
WIP Sortino Ratio Rank: 6868
Sortino Ratio Rank
WIP Omega Ratio Rank: 6161
Omega Ratio Rank
WIP Calmar Ratio Rank: 8181
Calmar Ratio Rank
WIP Martin Ratio Rank: 6868
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. WIP - 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 SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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.

GTIPWIPDifference

Sharpe ratio

Return per unit of total volatility

0.73

1.22

-0.49

Sortino ratio

Return per unit of downside risk

1.03

1.68

-0.64

Omega ratio

Gain probability vs. loss probability

1.13

1.22

-0.09

Calmar ratio

Return relative to maximum drawdown

1.15

2.25

-1.10

Martin ratio

Return relative to average drawdown

3.44

6.69

-3.24

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. WIP - Sharpe Ratio Comparison

The current GTIP Sharpe Ratio is 0.73, which is lower than the WIP Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of GTIP and WIP, 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

GTIPWIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.73

1.22

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

-0.03

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.13

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.11

+0.43

Correlation

The correlation between GTIP and WIP is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GTIP vs. WIP - Dividend Comparison

GTIP's dividend yield for the trailing twelve months is around 4.43%, less than WIP's 5.41% 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%
WIP
SPDR FTSE International Government Inflation-Protected Bond ETF		5.41%5.51%6.06%6.54%11.15%4.63%1.59%2.49%4.05%1.91%1.27%1.14%

Drawdowns

GTIP vs. WIP - Drawdown Comparison

The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum WIP drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for GTIP and WIP.

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Drawdown Indicators

GTIPWIPDifference

Max Drawdown

Largest peak-to-trough decline

-14.31%

-29.60%

+15.29%

Max Drawdown (1Y)

Largest decline over 1 year

-2.86%

-5.16%

+2.30%

Max Drawdown (5Y)

Largest decline over 5 years

-14.31%

-28.84%

+14.53%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.84%

—

Current Drawdown

Current decline from peak

-1.35%

-6.90%

+5.55%

Average Drawdown

Average peak-to-trough decline

-4.32%

-8.63%

+4.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

1.74%

-0.78%

Volatility

GTIP vs. WIP - Volatility Comparison

The current volatility for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is 1.42%, while SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a volatility of 4.29%. This indicates that GTIP experiences smaller price fluctuations and is considered to be less risky than WIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GTIPWIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.42%

4.29%

-2.87%

Volatility (6M)

Calculated over the trailing 6-month period

2.33%

6.01%

-3.68%

Volatility (1Y)

Calculated over the trailing 1-year period

4.05%

9.49%

-5.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.08%

11.39%

-5.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.06%

10.12%

-4.06%