IBIG vs. TIPZ
IBIG (iShares iBonds Oct 2030 Term TIPS ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds - IBIG tracks the ICE 2030 Maturity US Inflation-Linked Treasury Index while TIPZ tracks the ICE BofA US Inflation-Linked Treasury. Both are passively managed. Over the past year, IBIG returned 5.02% vs 5.12% for TIPZ. Their correlation of 0.92 suggests significant overlap in exposure. IBIG charges 0.10%/yr vs 0.20%/yr for TIPZ.
Performance
IBIG vs. TIPZ - Performance Comparison
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Returns By Period
In the year-to-date period, IBIG achieves a 1.64% return, which is significantly lower than TIPZ's 2.58% return.
IBIG
- 1D
- -0.09%
- 1M
- -0.37%
- YTD
- 1.64%
- 6M
- 1.42%
- 1Y
- 5.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPZ
- 1D
- -0.20%
- 1M
- -0.01%
- YTD
- 2.58%
- 6M
- 1.00%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- 0.77%
- 10Y*
- 2.49%
IBIG vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 1.64% | 7.90% | 2.60% | 4.26% |
TIPZ PIMCO Broad US TIPS Index ETF | 2.58% | 5.87% | 1.52% | 3.80% |
Correlation
The correlation between IBIG and TIPZ is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.92 |
The correlation between IBIG and TIPZ has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
IBIG vs. TIPZ — Risk / Return Rank
IBIG
TIPZ
IBIG vs. TIPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) 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.
| IBIG | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.36 | +1.38 |
| Martin ratioReturn relative to average drawdown | 12.68 | 7.37 | +5.30 |
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
| IBIG | TIPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.31 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.53 | +0.91 |
Drawdowns
IBIG vs. TIPZ - Drawdown Comparison
The maximum IBIG drawdown since its inception was -3.21%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for IBIG and TIPZ.
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Drawdown Indicators
| IBIG | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.21% | -15.77% | +12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -2.18% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.74% | — |
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 | -0.43% | -1.44% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -4.33% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.70% | -0.30% |
Volatility
IBIG vs. TIPZ - Volatility Comparison
The current volatility for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) is 0.62%, while PIMCO Broad US TIPS Index ETF (TIPZ) has a volatility of 0.96%. This indicates that IBIG 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
| IBIG | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.96% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 2.88% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 3.92% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 6.37% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 5.84% | -1.55% |
IBIG vs. TIPZ - Expense Ratio Comparison
IBIG 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
IBIG vs. TIPZ - Dividend Comparison
IBIG's dividend yield for the trailing twelve months is around 3.89%, less than TIPZ's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 3.89% | 4.70% | 4.15% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.11% | 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
IBIG and TIPZ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPZ has higher volatility (0.96%) compared to IBIG (0.62%). In terms of maximum drawdown, IBIG dropped -3.21% vs TIPZ's -15.77%.
On 1-year performance, TIPZ leads with 5.12% vs 5.02% for IBIG. On fees, IBIG is cheaper at 0.10% per year. On volatility, IBIG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TIPZ has performed better with a 5.12% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIG is cheaper with a 0.10% expense ratio, compared with 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.11%, compared with 3.89% for IBIG.
IBIG tracks ICE 2030 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 IBIG and 0.20% for TIPZ.
IBIG currently has the higher Sharpe Ratio (1.93 vs 1.31), 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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