IFLN vs. TIP
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - IFLN is a High Yield Bonds fund tracking the Bloomberg US High Yield Enhanced Fallen Angels Index, while TIP is a Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). Both are passively managed. Over the past 10 years, IFLN returned 4.60%/yr vs 2.57%/yr for TIP. At a 0.11 correlation, their price movements are largely independent. IFLN charges 0.23%/yr vs 0.19%/yr for TIP.
Performance
IFLN vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, IFLN achieves a 0.57% return, which is significantly lower than TIP's 1.54% return. Over the past 10 years, IFLN has outperformed TIP with an annualized return of 4.60%, while TIP has yielded a comparatively lower 2.57% annualized return.
IFLN
- 1D
- -0.25%
- 1M
- 0.55%
- YTD
- 0.57%
- 6M
- 0.84%
- 1Y
- 5.87%
- 3Y*
- 7.32%
- 5Y*
- 3.59%
- 10Y*
- 4.60%
TIP
- 1D
- -0.18%
- 1M
- -0.09%
- YTD
- 1.54%
- 6M
- 1.06%
- 1Y
- 4.96%
- 3Y*
- 3.88%
- 5Y*
- 0.97%
- 10Y*
- 2.57%
IFLN vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 0.57% | 8.75% | 5.54% | 11.19% | -8.77% | 3.32% | 5.20% | 13.59% | -2.69% | 5.12% |
TIP iShares TIPS Bond ETF | 1.54% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between IFLN and TIP is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2007 | 0.11 |
Over the past year, IFLN and TIP have become more correlated (0.52) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
IFLN vs. TIP — Risk / Return Rank
IFLN
TIP
IFLN vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) and iShares TIPS Bond ETF (TIP). 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.
| IFLN | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.52 | -1.08 |
| Martin ratioReturn relative to average drawdown | 5.93 | 7.57 | -1.64 |
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
| IFLN | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.46 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.16 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.45 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.57 | -0.28 |
Drawdowns
IFLN vs. TIP - Drawdown Comparison
The maximum IFLN drawdown since its inception was -44.79%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for IFLN and TIP.
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Drawdown Indicators
| IFLN | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -14.57% | -30.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -1.98% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -4.54% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -14.51% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | -14.51% | -7.01% |
Current DrawdownCurrent decline from peak | -0.49% | -0.32% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -3.43% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.66% | +0.33% |
Volatility
IFLN vs. TIP - Volatility Comparison
Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) has a higher volatility of 1.26% compared to iShares TIPS Bond ETF (TIP) at 0.89%. This indicates that IFLN's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFLN | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.89% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.29% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 3.41% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 6.21% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 5.74% | +1.15% |
IFLN vs. TIP - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is higher than TIP's 0.19% 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
IFLN vs. TIP - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.82%, more than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.82% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
IFLN and TIP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFLN has higher volatility (1.26%) compared to TIP (0.89%). In terms of maximum drawdown, IFLN dropped -44.79% vs TIP's -14.57%.
On 10-year performance, IFLN leads with 4.60% vs 2.57% for TIP. On fees, TIP is cheaper at 0.19% per year. On volatility, TIP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IFLN has performed better with a 4.60% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.19% expense ratio, compared with 0.23% for IFLN.
IFLN has the higher dividend yield at 5.82%, compared with 3.76% for TIP.
IFLN is categorized as High Yield Bonds, while TIP is Inflation-Protected Bonds. IFLN tracks Bloomberg US High Yield Enhanced Fallen Angels Index, while TIP tracks Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.23% for IFLN and 0.19% for TIP.
IFLN currently has the higher Sharpe Ratio (1.51 vs 1.46), 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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