IBIC vs. GTIP
IBIC (iShares iBonds Oct 2026 Term TIPS ETF) and GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) are both Inflation-Protected Bonds funds - IBIC tracks the ICE 2026 Maturity US Inflation-Linked Treasury Index while GTIP tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. Both are passively managed. Over the past year, IBIC returned 4.54% vs 5.10% for GTIP. A 0.51 correlation means they provide meaningful diversification when combined. IBIC charges 0.10%/yr vs 0.12%/yr for GTIP.
Performance
IBIC vs. GTIP - Performance Comparison
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Returns By Period
In the year-to-date period, IBIC achieves a 2.37% return, which is significantly higher than GTIP's 1.70% return.
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTIP
- 1D
- -0.08%
- 1M
- 0.04%
- YTD
- 1.70%
- 6M
- 1.11%
- 1Y
- 5.10%
- 3Y*
- 4.01%
- 5Y*
- 1.09%
- 10Y*
- —
IBIC vs. GTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.70% | 6.63% | 2.04% | 3.01% |
Correlation
The correlation between IBIC and GTIP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.51 |
Over the past year, the correlation between IBIC and GTIP has dropped to 0.08 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
IBIC vs. GTIP — Risk / Return Rank
IBIC
GTIP
IBIC vs. GTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP). 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.
| IBIC | GTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.51 | ||
| Sortino ratioReturn per unit of downside risk | +6.79 | ||
| Omega ratioGain probability vs. loss probability | 2.24 | 1.28 | +0.96 |
| Calmar ratioReturn relative to maximum drawdown | 17.27 | 2.54 | +14.73 |
| Martin ratioReturn relative to average drawdown | 67.45 | 8.00 | +59.45 |
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
| IBIC | GTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.05 | 1.53 | +3.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.49 | 0.56 | +2.93 |
Drawdowns
IBIC vs. GTIP - Drawdown Comparison
The maximum IBIC drawdown since its inception was -0.90%, smaller than the maximum GTIP drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for IBIC and GTIP.
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Drawdown Indicators
| IBIC | GTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.90% | -14.31% | +13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.26% | -2.02% | +1.76% |
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 | -0.13% | -0.17% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -4.24% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.64% | -0.57% |
Volatility
IBIC vs. GTIP - Volatility Comparison
The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.33%, while Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a volatility of 0.97%. This indicates that IBIC experiences smaller price fluctuations and is considered to be less risky than GTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIC | GTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.97% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 0.67% | 2.32% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 3.34% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | 6.07% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 6.01% | -4.43% |
IBIC vs. GTIP - Expense Ratio Comparison
IBIC has a 0.10% expense ratio, which is lower than GTIP's 0.12% 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%.
Dividends
IBIC vs. GTIP - Dividend Comparison
IBIC's dividend yield for the trailing twelve months is around 3.59%, less than GTIP's 4.69% 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% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIC and GTIP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTIP has higher volatility (0.97%) compared to IBIC (0.33%). In terms of maximum drawdown, IBIC dropped -0.90% vs GTIP's -14.31%.
On 1-year performance, GTIP leads with 5.10% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GTIP has performed better with a 5.10% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC 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 3.59% for IBIC.
IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index, while GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.10% for IBIC and 0.12% for GTIP.
IBIC currently has the higher Sharpe Ratio (5.05 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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