IGF vs. TIP
IGF (iShares Global Infrastructure ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past 10 years, IGF returned 8.53%/yr vs 2.50%/yr for TIP. At a 0.03 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.18%/yr for TIP.
Performance
IGF vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 8.95% return, which is significantly higher than TIP's 1.39% return. Over the past 10 years, IGF has outperformed TIP with an annualized return of 8.53%, while TIP has yielded a comparatively lower 2.50% annualized return.
IGF
- 1D
- 1.21%
- 1M
- -0.77%
- YTD
- 8.95%
- 6M
- 9.24%
- 1Y
- 16.47%
- 3Y*
- 16.15%
- 5Y*
- 10.07%
- 10Y*
- 8.53%
TIP
- 1D
- 0.36%
- 1M
- -0.22%
- YTD
- 1.39%
- 6M
- 1.25%
- 1Y
- 4.90%
- 3Y*
- 3.82%
- 5Y*
- 0.91%
- 10Y*
- 2.50%
IGF vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 8.95% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
TIP iShares TIPS Bond ETF | 1.39% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between IGF and TIP is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007 | 0.03 |
Over the past year, IGF and TIP have become more correlated (0.30) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
IGF vs. TIP — Risk / Return Rank
IGF
TIP
IGF vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.
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.
| IGF | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.49 | +0.33 |
| Martin ratioReturn relative to average drawdown | 8.14 | 7.44 | +0.70 |
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Drawdowns
IGF vs. TIP - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for IGF and TIP.
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Drawdown Indicators
| IGF | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -14.57% | -43.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -1.98% | -3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -4.54% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -14.51% | -6.32% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -14.51% | -27.60% |
Current DrawdownCurrent decline from peak | -3.63% | -0.47% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -3.43% | -8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.66% | +1.37% |
Volatility
IGF vs. TIP - Volatility Comparison
iShares Global Infrastructure ETF (IGF) has a higher volatility of 3.81% compared to iShares TIPS Bond ETF (TIP) at 1.03%. This indicates that IGF'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
| IGF | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 1.03% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 2.35% | +6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 3.39% | +7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 6.21% | +7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 5.74% | +11.09% |
IGF vs. TIP - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
IGF vs. TIP - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.96%, less than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 2.96% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
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
IGF and TIP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (3.81%) compared to TIP (1.03%). In terms of maximum drawdown, IGF dropped -58.33% vs TIP's -14.57%.
On 10-year performance, IGF leads with 8.53% vs 2.50% for TIP. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGF has performed better with a 8.53% return vs 2.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.18% expense ratio, compared with 0.39% for IGF.
TIP has the higher dividend yield at 3.76%, compared with 2.96% for IGF.
IGF is categorized as Industrials Equities, while TIP is Inflation-Protected Bonds. IGF tracks S&P Global Infrastructure Index, while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. Their fees differ too: 0.39% for IGF and 0.18% for TIP.
IGF currently has the higher Sharpe Ratio (1.57 vs 1.45), 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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