IBDR vs. TIP
Compare and contrast key facts about iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and iShares TIPS Bond ETF (TIP).
IBDR and TIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDR is a passively managed fund by iShares that tracks the performance of the Barclays December 2026 Maturity Corporate Index. It was launched on Sep 13, 2016. 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 IBDR 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
IBDR vs. TIP - Performance Comparison
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IBDR vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 0.72% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | -2.80% | 5.96% |
TIP iShares TIPS Bond ETF | 0.41% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Returns By Period
In the year-to-date period, IBDR achieves a 0.72% return, which is significantly higher than TIP's 0.41% return.
IBDR
- 1D
- 0.04%
- 1M
- 0.21%
- YTD
- 0.72%
- 6M
- 1.84%
- 1Y
- 4.40%
- 3Y*
- 4.81%
- 5Y*
- 1.63%
- 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%
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IBDR vs. TIP - Expense Ratio Comparison
IBDR has a 0.10% 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%.
Return for Risk
IBDR vs. TIP — Risk / Return Rank
IBDR
TIP
IBDR vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) 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.
| IBDR | TIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.39 | 0.68 | +4.71 |
Sortino ratioReturn per unit of downside risk | 9.54 | 0.95 | +8.59 |
Omega ratioGain probability vs. loss probability | 2.66 | 1.12 | +1.54 |
Calmar ratioReturn relative to maximum drawdown | 11.93 | 1.18 | +10.75 |
Martin ratioReturn relative to average drawdown | 82.60 | 3.44 | +79.16 |
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
| IBDR | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.39 | 0.68 | +4.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.20 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.57 | +0.04 |
Correlation
The correlation between IBDR and TIP is 0.58, 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
IBDR vs. TIP - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.18%, more than TIP's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.18% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% | 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
IBDR vs. TIP - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for IBDR and TIP.
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Drawdown Indicators
| IBDR | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -14.57% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -2.74% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | -14.51% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.51% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.36% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -3.46% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.94% | -0.89% |
Volatility
IBDR vs. TIP - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.15%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.41%. This indicates that IBDR experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDR | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 1.41% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.38% | 2.35% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.82% | 4.17% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.43% | 6.23% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.75% | -0.84% |