IBIE vs. VTIP
IBIE (iShares iBonds Oct 2028 Term TIPS ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - IBIE tracks the ICE 2028 Maturity US Inflation-Linked Treasury Index while VTIP tracks the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past year, IBIE returned 3.69% vs 3.64% for VTIP. Their correlation of 0.91 suggests significant overlap in exposure. IBIE charges 0.10%/yr vs 0.03%/yr for VTIP.
Performance
IBIE vs. VTIP - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBIE having a 1.39% return and VTIP slightly lower at 1.34%.
IBIE
- 1D
- -0.17%
- 1M
- -0.25%
- YTD
- 1.39%
- 6M
- 1.45%
- 1Y
- 3.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- -0.18%
- 1M
- -0.24%
- YTD
- 1.34%
- 6M
- 1.46%
- 1Y
- 3.64%
- 3Y*
- 5.00%
- 5Y*
- 3.26%
- 10Y*
- 3.03%
IBIE vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 1.39% | 6.46% | 3.95% | 2.93% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.34% | 6.07% | 4.74% | 2.13% |
Correlation
The correlation between IBIE and VTIP is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.91 |
The correlation between IBIE and VTIP has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
IBIE vs. VTIP — Risk / Return Rank
IBIE
VTIP
IBIE vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
| IBIE | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.30 | 5.12 | +0.18 |
| Martin ratioReturn relative to average drawdown | 18.77 | 18.66 | +0.11 |
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Drawdowns
IBIE vs. VTIP - Drawdown Comparison
The maximum IBIE drawdown since its inception was -1.70%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for IBIE and VTIP.
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Drawdown Indicators
| IBIE | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.70% | -6.27% | +4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | -0.71% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.71% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -1.04% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.20% | 0.00% |
Volatility
IBIE vs. VTIP - Volatility Comparison
The current volatility for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) is 0.58%, while Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a volatility of 0.65%. This indicates that IBIE experiences smaller price fluctuations and is considered to be less risky than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIE | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.65% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 1.17% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.60% | 1.58% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 2.77% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.85% | 2.74% | +0.11% |
IBIE vs. VTIP - Expense Ratio Comparison
IBIE has a 0.10% expense ratio, which is higher than VTIP's 0.03% 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
IBIE vs. VTIP - Dividend Comparison
IBIE's dividend yield for the trailing twelve months is around 3.27%, less than VTIP's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 3.27% | 4.09% | 4.23% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.61% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
IBIE and VTIP have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTIP has higher volatility (0.65%) compared to IBIE (0.58%). In terms of maximum drawdown, IBIE dropped -1.70% vs VTIP's -6.27%.
On 1-year performance, IBIE leads with 3.69% vs 3.64% for VTIP. On fees, VTIP is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIE has performed better with a 3.69% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.10% for IBIE.
VTIP has the higher dividend yield at 3.61%, compared with 3.27% for IBIE.
IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for IBIE and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (2.32 vs 2.32), 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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