IBTJ vs. VTIP
IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - IBTJ is a Government Bonds fund tracking the ICE 2029 Maturity US Treasury Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 5 years, IBTJ returned 0.06%/yr vs 3.37%/yr for VTIP. A 0.53 correlation means they provide meaningful diversification when combined. IBTJ charges 0.07%/yr vs 0.03%/yr for VTIP.
Performance
IBTJ vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, IBTJ achieves a -0.10% return, which is significantly lower than VTIP's 2.05% return.
IBTJ
- 1D
- -0.14%
- 1M
- -0.10%
- YTD
- -0.10%
- 6M
- 0.01%
- 1Y
- 3.49%
- 3Y*
- 3.51%
- 5Y*
- 0.06%
- 10Y*
- —
VTIP
- 1D
- 0.00%
- 1M
- 0.04%
- YTD
- 2.05%
- 6M
- 2.03%
- 1Y
- 4.70%
- 3Y*
- 5.26%
- 5Y*
- 3.37%
- 10Y*
- 3.14%
IBTJ vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | -0.10% | 6.89% | 1.82% | 4.49% | -12.45% | -3.57% | 3.50% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.05% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.14% |
Correlation
The correlation between IBTJ and VTIP is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.53 |
The correlation between IBTJ and VTIP shifts across timeframes, from 0.53 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTJ vs. VTIP — Risk / Return Rank
IBTJ
VTIP
IBTJ vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
| IBTJ | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.67 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 6.75 | -4.58 |
| Martin ratioReturn relative to average drawdown | 6.23 | 26.06 | -19.83 |
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
| IBTJ | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 3.15 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.22 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.89 | -0.91 |
Drawdowns
IBTJ vs. VTIP - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for IBTJ and VTIP.
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Drawdown Indicators
| IBTJ | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -6.27% | -13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -0.70% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -0.98% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | -5.50% | -11.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -6.30% | -0.02% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -1.04% | -8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.18% | +0.38% |
Volatility
IBTJ vs. VTIP - Volatility Comparison
iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) has a higher volatility of 0.64% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that IBTJ's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTJ | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.43% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 1.02% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 1.50% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 2.77% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 2.74% | +3.25% |
IBTJ vs. VTIP - Expense Ratio Comparison
IBTJ has a 0.07% expense ratio, which is higher than VTIP's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTJ vs. VTIP - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.81%, more than VTIP's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.81% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.58% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
IBTJ and VTIP have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBTJ has higher volatility (0.64%) compared to VTIP (0.43%). In terms of maximum drawdown, IBTJ dropped -20.19% vs VTIP's -6.27%.
On 5-year performance, VTIP leads with 3.37% vs 0.06% for IBTJ. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VTIP has performed better with a 3.37% return vs 0.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTJ.
IBTJ has the higher dividend yield at 3.81%, compared with 3.58% for VTIP.
IBTJ is categorized as Government Bonds, while VTIP is Inflation-Protected Bonds. IBTJ tracks ICE 2029 Maturity US Treasury Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTJ and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (3.15 vs 1.44), 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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