IBIF vs. TIPZ
IBIF (iShares iBonds Oct 2029 Term TIPS ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds - IBIF tracks the ICE 2029 Maturity US Inflation-Linked Treasury Index while TIPZ tracks the ICE BofA US Inflation-Linked Treasury. Both are passively managed. Over the past year, IBIF returned 2.58% vs 1.62% for TIPZ. Their correlation of 0.84 means they have usually moved in the same direction. IBIF charges 0.10%/yr vs 0.20%/yr for TIPZ.
Performance
IBIF vs. TIPZ - Performance Comparison
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Returns By Period
In the year-to-date period, IBIF achieves a 1.50% return, which is significantly higher than TIPZ's 1.38% return.
IBIF
- 1D
- -0.11%
- 1M
- 0.14%
- 6M
- 0.80%
- YTD
- 1.50%
- 1Y
- 2.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.55%
TIPZ
- 1D
- -0.21%
- 1M
- -0.88%
- 6M
- -0.24%
- YTD
- 1.38%
- 1Y
- 1.62%
- 3Y*
- 3.64%
- 5Y*
- -0.12%
- 10Y*
- 2.25%
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $539.78K | $483.63K | $471.28K | |
| $310.43K | $449.34K | $924.41K |
IBIF vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.50% | 7.27% | 3.11% | 3.95% |
TIPZ PIMCO Broad US TIPS Index ETF | 1.38% | 5.87% | 1.52% | 3.23% |
Correlation
The correlation between IBIF and TIPZ is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.85 |
The correlation between IBIF and TIPZ shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBIF vs. TIPZ — Risk / Return Rank
IBIF
TIPZ
IBIF vs. TIPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) and PIMCO Broad US TIPS Index ETF (TIPZ). 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.
| IBIF | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.11 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 1.06 | +2.23 |
| Martin ratioReturn relative to average drawdown | 8.69 | 2.97 | +5.72 |
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Drawdowns
IBIF vs. TIPZ - Drawdown Comparison
The maximum IBIF drawdown since its inception was -2.50%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for IBIF and TIPZ.
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Drawdown Indicators
| IBIF | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.50% | -15.77% | +13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -2.18% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.77% | — |
Current DrawdownCurrent decline from peak | -0.51% | -2.60% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -4.31% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.78% | -0.42% |
Volatility
IBIF vs. TIPZ - Volatility Comparison
The current volatility for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) is 0.47%, while PIMCO Broad US TIPS Index ETF (TIPZ) has a volatility of 0.74%. This indicates that IBIF experiences smaller price fluctuations and is considered to be less risky than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIF | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.74% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 2.60% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.02% | 3.85% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 6.34% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 5.83% | -2.35% |
IBIF vs. TIPZ - Expense Ratio Comparison
IBIF has a 0.10% expense ratio, which is lower than TIPZ's 0.20% 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
IBIF vs. TIPZ - Dividend Comparison
IBIF's dividend yield for the trailing twelve months is around 4.94%, less than TIPZ's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 4.94% | 4.51% | 4.05% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.48% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
IBIF and TIPZ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPZ has higher volatility (0.74%) compared to IBIF (0.47%). In terms of maximum drawdown, IBIF dropped -2.50% vs TIPZ's -15.77%.
On 1-year performance, IBIF leads with 2.58% vs 1.62% for TIPZ. On fees, IBIF is cheaper at 0.10% per year. On volatility, IBIF has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIF has performed better with a 2.58% return vs 1.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIF is cheaper with a 0.10% expense ratio, compared with 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.48%, compared with 4.94% for IBIF.
IBIF tracks ICE 2029 Maturity US Inflation-Linked Treasury Index, while TIPZ tracks ICE BofA US Inflation-Linked Treasury. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.10% for IBIF and 0.20% for TIPZ.
IBIF currently has the higher Sharpe Ratio (1.55 vs 0.60), 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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