IBII vs. GTIP
IBII (iShares iBonds Oct 2032 Term TIPS ETF) and GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) are both Inflation-Protected Bonds funds - IBII tracks the ICE 2032 Maturity US Inflation-Linked Treasury Index while GTIP tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. Both are passively managed. Over the past year, IBII returned 5.28% vs 4.60% for GTIP. With a 0.97 correlation, they move nearly in lockstep. IBII charges 0.10%/yr vs 0.12%/yr for GTIP.
Performance
IBII vs. GTIP - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IBII at 1.63% and GTIP at 1.63%.
IBII
- 1D
- 0.02%
- 1M
- -0.38%
- YTD
- 1.63%
- 6M
- 1.21%
- 1Y
- 5.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTIP
- 1D
- -0.07%
- 1M
- 0.05%
- YTD
- 1.63%
- 6M
- 1.20%
- 1Y
- 4.60%
- 3Y*
- 3.93%
- 5Y*
- 1.07%
- 10Y*
- —
IBII vs. GTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBII iShares iBonds Oct 2032 Term TIPS ETF | 1.63% | 8.65% | 1.21% | 4.85% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.63% | 6.63% | 2.04% | 3.86% |
Correlation
The correlation between IBII and GTIP is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.97 |
The correlation between IBII and GTIP has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
IBII vs. GTIP — Risk / Return Rank
IBII
GTIP
IBII vs. GTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2032 Term TIPS ETF (IBII) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP). 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.
| IBII | GTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.29 | +0.39 |
| Martin ratioReturn relative to average drawdown | 9.32 | 7.26 | +2.06 |
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
| IBII | GTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.39 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.56 | +0.57 |
Drawdowns
IBII vs. GTIP - Drawdown Comparison
The maximum IBII drawdown since its inception was -4.65%, smaller than the maximum GTIP drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for IBII and GTIP.
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Drawdown Indicators
| IBII | GTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.65% | -14.31% | +9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -2.02% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.31% | — |
Current DrawdownCurrent decline from peak | -0.65% | -0.24% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -4.23% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.64% | -0.06% |
Volatility
IBII vs. GTIP - Volatility Comparison
The current volatility for iShares iBonds Oct 2032 Term TIPS ETF (IBII) is 0.89%, while Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a volatility of 0.97%. This indicates that IBII experiences smaller price fluctuations and is considered to be less risky than GTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBII | GTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.97% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.32% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 3.34% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 6.06% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 6.01% | -0.59% |
IBII vs. GTIP - Expense Ratio Comparison
IBII has a 0.10% expense ratio, which is lower than GTIP's 0.12% 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
IBII vs. GTIP - Dividend Comparison
IBII's dividend yield for the trailing twelve months is around 4.05%, less than GTIP's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.69% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% |
IBII iShares iBonds Oct 2032 Term TIPS ETF | 4.05% | 4.80% | 4.76% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, IBII and GTIP 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.
GTIP has higher volatility (0.97%) compared to IBII (0.89%). In terms of maximum drawdown, IBII dropped -4.65% vs GTIP's -14.31%.
On 1-year performance, IBII leads with 5.28% vs 4.60% for GTIP. On fees, IBII is cheaper at 0.10% 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, IBII has performed better with a 5.28% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBII is cheaper with a 0.10% expense ratio, compared with 0.12% for GTIP.
GTIP has the higher dividend yield at 4.69%, compared with 4.05% for IBII.
IBII tracks ICE 2032 Maturity US Inflation-Linked Treasury Index, while GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.10% for IBII and 0.12% for GTIP.
IBII currently has the higher Sharpe Ratio (1.56 vs 1.39), 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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