IBIF vs. VTIP
IBIF (iShares iBonds Oct 2029 Term TIPS ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - IBIF tracks the ICE 2029 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, IBIF returned 4.69% vs 4.51% for VTIP. Their correlation of 0.93 suggests significant overlap in exposure. IBIF charges 0.10%/yr vs 0.03%/yr for VTIP.
Performance
IBIF vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, IBIF achieves a 1.81% return, which is significantly lower than VTIP's 1.97% return.
IBIF
- 1D
- -0.09%
- 1M
- -0.08%
- YTD
- 1.81%
- 6M
- 1.76%
- 1Y
- 4.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- -0.08%
- 1M
- 0.10%
- YTD
- 1.97%
- 6M
- 1.99%
- 1Y
- 4.51%
- 3Y*
- 5.18%
- 5Y*
- 3.35%
- 10Y*
- 3.13%
IBIF vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.81% | 7.27% | 3.11% | 3.95% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.97% | 6.07% | 4.74% | 2.47% |
Correlation
The correlation between IBIF and VTIP is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.93 |
The correlation between IBIF and VTIP has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
IBIF vs. VTIP — Risk / Return Rank
IBIF
VTIP
IBIF vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) 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.
| IBIF | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.63 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | 6.48 | -1.52 |
| Martin ratioReturn relative to average drawdown | 16.65 | 25.53 | -8.88 |
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
| IBIF | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 3.02 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.89 | +0.81 |
Drawdowns
IBIF vs. VTIP - Drawdown Comparison
The maximum IBIF drawdown since its inception was -2.50%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for IBIF and VTIP.
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Drawdown Indicators
| IBIF | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.50% | -6.27% | +3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -0.70% | -0.25% |
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 | -0.21% | -0.10% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -1.04% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.18% | +0.11% |
Volatility
IBIF vs. VTIP - Volatility Comparison
iShares iBonds Oct 2029 Term TIPS ETF (IBIF) has a higher volatility of 0.45% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.42%. This indicates that IBIF's price experiences larger fluctuations and is considered to be riskier 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
| IBIF | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.42% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.33% | 1.03% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 1.50% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 2.77% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 2.74% | +0.80% |
IBIF vs. VTIP - Expense Ratio Comparison
IBIF 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
IBIF vs. VTIP - Dividend Comparison
IBIF's dividend yield for the trailing twelve months is around 3.74%, more than VTIP's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 3.74% | 4.51% | 4.05% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
With a correlation of 0.91, IBIF and VTIP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBIF has higher volatility (0.45%) compared to VTIP (0.42%). In terms of maximum drawdown, IBIF dropped -2.50% vs VTIP's -6.27%.
On 1-year performance, IBIF leads with 4.69% vs 4.51% 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, IBIF has performed better with a 4.69% return vs 4.51%. 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 IBIF.
IBIF has the higher dividend yield at 3.74%, compared with 3.59% for VTIP.
IBIF tracks ICE 2029 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 IBIF and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (3.02 vs 2.33), 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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