IBIH vs. WIP
IBIH (iShares iBonds Oct 2031 Term TIPS ETF) and WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) are both Inflation-Protected Bonds funds - IBIH tracks the ICE 2031 Maturity US Inflation-Linked Treasury Index while WIP tracks the FTSE International Inflation-Linked Securities Select (USD). Both are passively managed. Over the past year, IBIH returned 3.80% vs 7.32% for WIP. At a 0.42 correlation, their price movements are largely independent. IBIH charges 0.10%/yr vs 0.50%/yr for WIP.
Performance
IBIH vs. WIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBIH achieves a 0.73% return, which is significantly lower than WIP's 2.82% return.
IBIH
- 1D
- -0.33%
- 1M
- -0.33%
- YTD
- 0.73%
- 6M
- 0.85%
- 1Y
- 3.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WIP
- 1D
- -0.30%
- 1M
- -1.08%
- YTD
- 2.82%
- 6M
- 3.82%
- 1Y
- 7.32%
- 3Y*
- 4.11%
- 5Y*
- -0.52%
- 10Y*
- 1.45%
IBIH vs. WIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 0.73% | 8.47% | 1.73% | 4.60% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 2.82% | 15.18% | -8.71% | 7.13% |
Correlation
The correlation between IBIH and WIP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBIH vs. WIP — Risk / Return Rank
IBIH
WIP
IBIH vs. WIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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 | WIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.43 | +0.82 |
| Martin ratioReturn relative to average drawdown | 7.02 | 4.19 | +2.83 |
Loading charts...
Drawdowns
IBIH vs. WIP - Drawdown Comparison
The maximum IBIH drawdown since its inception was -3.94%, smaller than the maximum WIP drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for IBIH and WIP.
Loading charts...
Drawdown Indicators
| IBIH | WIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -29.60% | +25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -5.16% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.84% | — |
Current DrawdownCurrent decline from peak | -1.48% | -5.23% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -8.57% | +7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.75% | -1.21% |
Volatility
IBIH vs. WIP - Volatility Comparison
The current volatility for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) is 1.34%, while SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a volatility of 2.59%. This indicates that IBIH experiences smaller price fluctuations and is considered to be less risky than WIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBIH | WIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.59% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 7.07% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 8.80% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.94% | 11.45% | -6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 10.16% | -5.22% |
IBIH vs. WIP - Expense Ratio Comparison
IBIH has a 0.10% expense ratio, which is lower than WIP's 0.50% expense ratio.
Dividends
IBIH vs. WIP - Dividend Comparison
IBIH's dividend yield for the trailing twelve months is around 3.93%, less than WIP's 5.87% 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% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.87% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
Frequently Asked Questions
IBIH and WIP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIP has higher volatility (2.59%) compared to IBIH (1.34%). In terms of maximum drawdown, IBIH dropped -3.94% vs WIP's -29.60%.
On 1-year performance, WIP leads with 7.32% vs 3.80% for IBIH. On fees, IBIH is cheaper at 0.10% per year. On volatility, IBIH has been the lower-risk option at 1.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WIP has performed better with a 7.32% return vs 3.80%. 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 0.50% for WIP.
WIP has the higher dividend yield at 5.87%, compared with 3.93% for IBIH.
IBIH tracks ICE 2031 Maturity US Inflation-Linked Treasury Index, while WIP tracks FTSE International Inflation-Linked Securities Select (USD). They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for IBIH and 0.50% for WIP.
IBIH currently has the higher Sharpe Ratio (1.18 vs 0.84), 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.
Find the right allocation for IBIH and WIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer