ICPI vs. IVV
ICPI (iShares 0-1 Year TIPS Bond ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ICPI is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. At a correlation of -0.21, they often move in opposite directions. ICPI charges 0.09%/yr vs 0.03%/yr for IVV.
Performance
ICPI vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, ICPI achieves a 2.76% return, which is significantly lower than IVV's 10.73% return.
ICPI
- 1D
- 0.08%
- 1M
- 0.22%
- 6M
- 2.59%
- YTD
- 2.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- -0.52%
- 1M
- 0.32%
- 6M
- 9.08%
- YTD
- 10.73%
- 1Y
- 21.71%
- 3Y*
- 20.11%
- 5Y*
- 13.31%
- 10Y*
- 15.13%
ICPI vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.76% | 0.32% |
IVV iShares Core S&P 500 ETF | 10.73% | 3.22% |
Correlation
The correlation between ICPI and IVV is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.21 |
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Return for Risk
ICPI vs. IVV — Risk / Return Rank
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVV
ICPI vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) and iShares Core S&P 500 ETF (IVV). 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.
| ICPI | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.45 | — |
| Martin ratioReturn relative to average drawdown | — | 10.67 | — |
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Drawdowns
ICPI vs. IVV - Drawdown Comparison
The maximum ICPI drawdown since its inception was -0.34%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ICPI and IVV.
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Drawdown Indicators
| ICPI | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.34% | -55.25% | +54.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.87% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -10.74% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.04% | — |
Volatility
ICPI vs. IVV - Volatility Comparison
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Volatility by Period
| ICPI | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.00% | 12.59% | -11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 17.00% | -16.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 18.04% | -17.04% |
ICPI vs. IVV - Expense Ratio Comparison
ICPI has a 0.09% expense ratio, which is higher than IVV'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
ICPI vs. IVV - Dividend Comparison
ICPI's dividend yield for the trailing twelve months is around 2.57%, more than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.57% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
ICPI and IVV have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV is cheaper with a 0.03% expense ratio, compared with 0.09% for ICPI.
ICPI has the higher dividend yield at 2.57%, compared with 1.09% for IVV.
ICPI is categorized as Inflation-Protected Bonds, while IVV is S&P 500. ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.09% for ICPI and 0.03% for IVV.
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