IBRIX vs. BIIPX
IBRIX (VY BlackRock Inflation Protected Bond Portfolio) and BIIPX (iShares Short-Term TIPS Bond Index Fund) are both Inflation-Protected Bonds funds. Over the past 5 years, IBRIX returned 1.00%/yr vs 2.76%/yr for BIIPX. A 0.69 correlation means they provide meaningful diversification when combined. IBRIX charges 0.58%/yr vs 0.08%/yr for BIIPX.
Performance
IBRIX vs. BIIPX - Performance Comparison
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Returns By Period
In the year-to-date period, IBRIX achieves a 1.99% return, which is significantly higher than BIIPX's 0.82% return.
IBRIX
- 1D
- 0.43%
- 1M
- 0.22%
- YTD
- 1.99%
- 6M
- 2.12%
- 1Y
- 4.57%
- 3Y*
- 3.95%
- 5Y*
- 1.00%
- 10Y*
- 2.55%
BIIPX
- 1D
- 0.00%
- 1M
- 0.21%
- YTD
- 0.82%
- 6M
- 1.19%
- 1Y
- 3.39%
- 3Y*
- 4.68%
- 5Y*
- 2.76%
- 10Y*
- —
IBRIX vs. BIIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 1.99% | 6.11% | 2.09% | 4.30% | -12.63% | 5.25% | 11.04% | 8.32% | -1.75% | 2.71% |
BIIPX iShares Short-Term TIPS Bond Index Fund | 0.82% | 6.05% | 4.75% | 3.25% | -4.12% | 5.19% | 4.89% | 4.83% | 0.58% | 0.88% |
Correlation
The correlation between IBRIX and BIIPX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.69 |
The correlation between IBRIX and BIIPX shifts across timeframes, from 0.55 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBRIX vs. BIIPX — Risk / Return Rank
IBRIX
BIIPX
IBRIX vs. BIIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY BlackRock Inflation Protected Bond Portfolio (IBRIX) and iShares Short-Term TIPS Bond Index Fund (BIIPX). 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.
| IBRIX | BIIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.96 | -1.91 |
| Martin ratioReturn relative to average drawdown | 5.81 | 11.68 | -5.86 |
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Drawdowns
IBRIX vs. BIIPX - Drawdown Comparison
The maximum IBRIX drawdown since its inception was -15.82%, which is greater than BIIPX's maximum drawdown of -6.46%. Use the drawdown chart below to compare losses from any high point for IBRIX and BIIPX.
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Drawdown Indicators
| IBRIX | BIIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -6.46% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -1.22% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -1.22% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -6.46% | -9.36% |
Max Drawdown (10Y)Largest decline over 10 years | -15.82% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.13% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.08% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.31% | +0.52% |
Volatility
IBRIX vs. BIIPX - Volatility Comparison
VY BlackRock Inflation Protected Bond Portfolio (IBRIX) and iShares Short-Term TIPS Bond Index Fund (BIIPX) have volatilities of 1.25% and 1.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBRIX | BIIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.30% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 1.75% | +5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.13% | 2.32% | +5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 3.11% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 2.64% | +3.29% |
IBRIX vs. BIIPX - Expense Ratio Comparison
IBRIX has a 0.58% expense ratio, which is higher than BIIPX's 0.08% expense ratio.
Dividends
IBRIX vs. BIIPX - Dividend Comparison
IBRIX's dividend yield for the trailing twelve months is around 3.84%, less than BIIPX's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 4.64% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% | 0.00% | 0.00% |
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 3.84% | 3.31% | 3.87% | 3.55% | 4.96% | 2.68% | 1.70% | 2.38% | 2.51% | 1.52% | 0.00% | 1.41% |
Frequently Asked Questions
IBRIX and BIIPX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIIPX has higher volatility (1.30%) compared to IBRIX (1.25%). In terms of maximum drawdown, IBRIX dropped -15.82% vs BIIPX's -6.46%.
BIIPX currently has the higher Sharpe Ratio (1.56 vs 0.62), 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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