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IJT vs. TIP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJT vs. TIP

Last updated Jun 4, 2026

IJT (iShares S&P SmallCap 600 Growth ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - IJT is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth 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, IJT returned 10.74%/yr vs 2.57%/yr for TIP. At a correlation of -0.09, they often move in opposite directions. IJT charges 0.18%/yr vs 0.19%/yr for TIP.

Performance

IJT vs. TIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Growth ETF (IJT) and iShares TIPS Bond ETF (TIP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJT achieves a 15.36% return, which is significantly higher than TIP's 1.54% return. Over the past 10 years, IJT has outperformed TIP with an annualized return of 10.74%, while TIP has yielded a comparatively lower 2.57% annualized return.

IJT

1D
-0.58%
1M
0.97%
YTD
15.36%
6M
13.60%
1Y
26.21%
3Y*
14.39%
5Y*
5.43%
10Y*
10.74%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJT vs. TIP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJT
iShares S&P SmallCap 600 Growth ETF		15.36%5.26%9.33%17.11%-21.32%22.37%19.22%20.98%-4.40%14.47%
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 IJT and TIP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2003

-0.09

The correlation between IJT and TIP shifts across timeframes, from -0.09 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P SmallCap 600 Growth ETF

iShares TIPS Bond ETF

Often compared with IJT:
IJT vs. IJRIJT vs. VBKIJT vs. SLYGIJT vs. ISCGIJT vs. IWMIJT vs. VIOGIJT vs. QQQ
Often compared with TIP:
TIP vs. SCHPTIP vs. VTIPTIP vs. SGOVTIP vs. STIPTIP vs. FIPDXTIP vs. BNDTIP vs. IEF

Return for Risk

IJT vs. TIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJT
IJT Risk / Return Rank: 4848
Overall Rank
IJT Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IJT Sortino Ratio Rank: 4444
Sortino Ratio Rank
IJT Omega Ratio Rank: 4040
Omega Ratio Rank
IJT Calmar Ratio Rank: 5858
Calmar Ratio Rank
IJT Martin Ratio Rank: 5757
Martin Ratio Rank
TIP
TIP Risk / Return Rank: 4444
Overall Rank
TIP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
TIP Sortino Ratio Rank: 4444
Sortino Ratio Rank
TIP Omega Ratio Rank: 3939
Omega Ratio Rank
TIP Calmar Ratio Rank: 5050
Calmar Ratio Rank
TIP Martin Ratio Rank: 4545
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJT vs. TIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Growth ETF (IJT) 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.

IJTTIPDifference
Sharpe ratioReturn per unit of total volatility
1.50
1.46

+0.04

Sortino ratioReturn per unit of downside risk
2.23
2.24

-0.01

Omega ratioGain probability vs. loss probability

1.26

1.26

0.00

Calmar ratioReturn relative to maximum drawdown

2.90

2.52

+0.38

Martin ratioReturn relative to average drawdown

10.06

7.57

+2.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJT vs. TIP - Sharpe Ratio Comparison

The current IJT Sharpe Ratio is 1.50, which is comparable to the TIP Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of IJT and TIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IJTTIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

1.46

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

0.16

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.45

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.57

-0.18

Drawdowns

IJT vs. TIP - Drawdown Comparison

The maximum IJT drawdown since its inception was -57.61%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for IJT and TIP.

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Drawdown Indicators

IJTTIPDifference

Max Drawdown

Largest peak-to-trough decline

-57.61%

-14.57%

-43.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.08%

-1.98%

-7.10%

Max Drawdown (3Y)

Largest decline over 3 years

-27.41%

-4.54%

-22.87%

Max Drawdown (5Y)

Largest decline over 5 years

-29.24%

-14.51%

-14.73%

Max Drawdown (10Y)

Largest decline over 10 years

-42.03%

-14.51%

-27.52%

Current Drawdown

Current decline from peak

-1.48%

-0.32%

-1.16%

Average Drawdown

Average peak-to-trough decline

-10.31%

-3.43%

-6.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

0.66%

+1.95%

Volatility

IJT vs. TIP - Volatility Comparison

iShares S&P SmallCap 600 Growth ETF (IJT) has a higher volatility of 4.61% compared to iShares TIPS Bond ETF (TIP) at 0.89%. This indicates that IJT'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

IJTTIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

0.89%

+3.72%

Volatility (6M)

Calculated over the trailing 6-month period

12.47%

2.29%

+10.18%

Volatility (1Y)

Calculated over the trailing 1-year period

17.56%

3.41%

+14.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.50%

6.21%

+15.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.02%

5.74%

+17.28%

IJT vs. TIP - Expense Ratio Comparison

IJT has a 0.18% expense ratio, which is lower than TIP's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJT vs. TIP - Dividend Comparison

IJT's dividend yield for the trailing twelve months is around 0.77%, less than TIP's 3.76% yield.

PositionTTM20252024202320222021202020192018201720162015
IJT
iShares S&P SmallCap 600 Growth ETF		0.77%0.91%1.06%1.02%1.08%0.63%0.68%0.92%0.92%0.86%1.03%1.14%
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

IJT and TIP have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJT has higher volatility (4.61%) compared to TIP (0.89%). In terms of maximum drawdown, IJT dropped -57.61% vs TIP's -14.57%.

On 10-year performance, IJT leads with 10.74% vs 2.57% for TIP. On fees, IJT is cheaper at 0.18% 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, IJT has performed better with a 10.74% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJT is cheaper with a 0.18% expense ratio, compared with 0.19% for TIP.

TIP has the higher dividend yield at 3.76%, compared with 0.77% for IJT.

IJT is categorized as Small Cap Growth Equities, while TIP is Inflation-Protected Bonds. IJT tracks S&P SmallCap 600 Growth Index, while TIP tracks Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). Their fees differ too: 0.18% for IJT and 0.19% for TIP.

IJT currently has the higher Sharpe Ratio (1.50 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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