IBIH vs. TIPZ
IBIH (iShares iBonds Oct 2031 Term TIPS ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds - IBIH tracks the ICE 2031 Maturity US Inflation-Linked Treasury Index while TIPZ tracks the ICE BofA US Inflation-Linked Treasury. Both are passively managed. Over the past year, IBIH returned 3.67% vs 3.58% for TIPZ. Their correlation of 0.94 suggests significant overlap in exposure. IBIH charges 0.10%/yr vs 0.20%/yr for TIPZ.
Performance
IBIH vs. TIPZ - Performance Comparison
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Returns By Period
In the year-to-date period, IBIH achieves a 0.76% return, which is significantly lower than TIPZ's 1.90% return.
IBIH
- 1D
- 0.02%
- 1M
- -0.31%
- YTD
- 0.76%
- 6M
- 0.94%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPZ
- 1D
- -0.01%
- 1M
- -0.02%
- YTD
- 1.90%
- 6M
- 0.95%
- 1Y
- 3.58%
- 3Y*
- 3.45%
- 5Y*
- 0.62%
- 10Y*
- 2.37%
IBIH vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 0.76% | 8.47% | 1.73% | 4.60% |
TIPZ PIMCO Broad US TIPS Index ETF | 1.90% | 5.87% | 1.52% | 3.23% |
Correlation
The correlation between IBIH and TIPZ is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.94 |
The correlation between IBIH and TIPZ has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
IBIH vs. TIPZ — Risk / Return Rank
IBIH
TIPZ
IBIH vs. TIPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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.
| IBIH | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.65 | +0.52 |
| Martin ratioReturn relative to average drawdown | 6.69 | 5.08 | +1.61 |
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Drawdowns
IBIH vs. TIPZ - Drawdown Comparison
The maximum IBIH drawdown since its inception was -3.94%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for IBIH and TIPZ.
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Drawdown Indicators
| IBIH | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -15.77% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -2.18% | +0.48% |
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 | -1.45% | -2.09% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -4.32% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.71% | -0.16% |
Volatility
IBIH vs. TIPZ - Volatility Comparison
iShares iBonds Oct 2031 Term TIPS ETF (IBIH) has a higher volatility of 1.34% compared to PIMCO Broad US TIPS Index ETF (TIPZ) at 1.19%. This indicates that IBIH's price experiences larger fluctuations and is considered to be riskier 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
| IBIH | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.19% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 3.00% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.90% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.94% | 6.35% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 5.85% | -0.91% |
IBIH vs. TIPZ - Expense Ratio Comparison
IBIH 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
IBIH vs. TIPZ - Dividend Comparison
IBIH's dividend yield for the trailing twelve months is around 3.93%, less than TIPZ's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 3.93% | 4.68% | 4.34% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.14% | 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
IBIH and TIPZ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIH has higher volatility (1.34%) compared to TIPZ (1.19%). In terms of maximum drawdown, IBIH dropped -3.94% vs TIPZ's -15.77%.
On 1-year performance, IBIH leads with 3.67% vs 3.58% for TIPZ. On fees, IBIH is cheaper at 0.10% per year. On volatility, TIPZ has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIH has performed better with a 3.67% return vs 3.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIH is cheaper with a 0.10% expense ratio, compared with 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.14%, compared with 3.93% for IBIH.
IBIH tracks ICE 2031 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 IBIH and 0.20% for TIPZ.
IBIH currently has the higher Sharpe Ratio (1.14 vs 0.92), 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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