IBIJ vs. TIPZ
IBIJ (iShares iBonds Oct 2033 Term TIPS ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds. Over the past year, IBIJ returned 4.51% vs 4.02% for TIPZ. With a 0.96 correlation, they move nearly in lockstep. IBIJ charges 0.10%/yr vs 0.20%/yr for TIPZ.
Performance
IBIJ vs. TIPZ - Performance Comparison
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Returns By Period
In the year-to-date period, IBIJ achieves a 1.61% return, which is significantly lower than TIPZ's 2.74% return.
IBIJ
- 1D
- 0.09%
- 1M
- -0.33%
- YTD
- 1.61%
- 6M
- 1.33%
- 1Y
- 4.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPZ
- 1D
- 0.17%
- 1M
- 0.02%
- YTD
- 2.74%
- 6M
- 1.48%
- 1Y
- 4.02%
- 3Y*
- 3.85%
- 5Y*
- 0.70%
- 10Y*
- 2.29%
IBIJ vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIJ iShares iBonds Oct 2033 Term TIPS ETF | 1.61% | 8.59% | 0.69% | 4.98% |
TIPZ PIMCO Broad US TIPS Index ETF | 2.74% | 5.87% | 1.52% | 3.23% |
Correlation
The correlation between IBIJ and TIPZ is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.96 |
The correlation between IBIJ and TIPZ has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IBIJ vs. TIPZ — Risk / Return Rank
IBIJ
TIPZ
IBIJ vs. TIPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) 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.
| IBIJ | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.85 | +0.10 |
| Martin ratioReturn relative to average drawdown | 6.23 | 5.67 | +0.56 |
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Drawdowns
IBIJ vs. TIPZ - Drawdown Comparison
The maximum IBIJ drawdown since its inception was -5.27%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for IBIJ and TIPZ.
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Drawdown Indicators
| IBIJ | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -15.77% | +10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -2.18% | -0.14% |
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 | -0.61% | -1.29% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -4.32% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.71% | +0.01% |
Volatility
IBIJ vs. TIPZ - Volatility Comparison
iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) has a higher volatility of 1.51% compared to PIMCO Broad US TIPS Index ETF (TIPZ) at 1.15%. This indicates that IBIJ'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
| IBIJ | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.15% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 3.01% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 3.91% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 6.36% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 5.84% | +0.03% |
IBIJ vs. TIPZ - Expense Ratio Comparison
IBIJ 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
IBIJ vs. TIPZ - Dividend Comparison
IBIJ's dividend yield for the trailing twelve months is around 3.93%, less than TIPZ's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIJ iShares iBonds Oct 2033 Term TIPS ETF | 3.93% | 4.66% | 4.42% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.10% | 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
With a correlation of 0.94, IBIJ and TIPZ 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.
IBIJ has higher volatility (1.51%) compared to TIPZ (1.15%). In terms of maximum drawdown, IBIJ dropped -5.27% vs TIPZ's -15.77%.
On 1-year performance, IBIJ leads with 4.51% vs 4.02% for TIPZ. On fees, IBIJ is cheaper at 0.10% per year. On volatility, TIPZ has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIJ has performed better with a 4.51% return vs 4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIJ is cheaper with a 0.10% expense ratio, compared with 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.10%, compared with 3.93% for IBIJ.
They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.10% for IBIJ and 0.20% for TIPZ.
IBIJ currently has the higher Sharpe Ratio (1.14 vs 1.03), 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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