IOO vs. TIP
IOO (iShares Global 100 ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - IOO is a Global Equities fund tracking the S&P Global 100 Index (Net), 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, IOO returned 16.66%/yr vs 2.53%/yr for TIP. At a correlation of -0.07, they often move in opposite directions. IOO charges 0.40%/yr vs 0.18%/yr for TIP.
Performance
IOO vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, IOO achieves a 9.16% return, which is significantly higher than TIP's 1.40% return. Over the past 10 years, IOO has outperformed TIP with an annualized return of 16.66%, while TIP has yielded a comparatively lower 2.53% annualized return.
IOO
- 1D
- 0.11%
- 1M
- -1.76%
- YTD
- 9.16%
- 6M
- 10.36%
- 1Y
- 33.70%
- 3Y*
- 23.85%
- 5Y*
- 15.85%
- 10Y*
- 16.66%
TIP
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.76%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
IOO vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 9.16% | 27.02% | 26.54% | 27.71% | -16.34% | 26.03% | 18.61% | 30.01% | -6.22% | 23.56% |
TIP iShares TIPS Bond ETF | 1.40% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between IOO and TIP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.07 |
The correlation between IOO and TIP shifts across timeframes, from -0.07 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IOO vs. TIP — Risk / Return Rank
IOO
TIP
IOO vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) 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.
| IOO | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.34 | +0.89 |
| Martin ratioReturn relative to average drawdown | 14.35 | 7.00 | +7.35 |
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Drawdowns
IOO vs. TIP - Drawdown Comparison
The maximum IOO drawdown since its inception was -55.85%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for IOO and TIP.
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Drawdown Indicators
| IOO | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -14.57% | -41.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -1.98% | -7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -4.54% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -14.51% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -31.43% | -14.51% | -16.92% |
Current DrawdownCurrent decline from peak | -4.05% | -0.46% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -3.43% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.66% | +1.58% |
Volatility
IOO vs. TIP - Volatility Comparison
iShares Global 100 ETF (IOO) has a higher volatility of 4.82% compared to iShares TIPS Bond ETF (TIP) at 1.03%. This indicates that IOO'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
| IOO | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 1.03% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.31% | 2.32% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 3.39% | +10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 6.21% | +10.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 5.74% | +12.06% |
IOO vs. TIP - Expense Ratio Comparison
IOO has a 0.40% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
IOO vs. TIP - Dividend Comparison
IOO's dividend yield for the trailing twelve months is around 0.84%, less than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 0.84% | 0.92% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% |
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
IOO and TIP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOO has higher volatility (4.82%) compared to TIP (1.03%). In terms of maximum drawdown, IOO dropped -55.85% vs TIP's -14.57%.
On 10-year performance, IOO leads with 16.66% vs 2.53% 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, IOO has performed better with a 16.66% return vs 2.53%. 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 0.40% for IOO.
TIP has the higher dividend yield at 3.76%, compared with 0.84% for IOO.
IOO is categorized as Global Equities, while TIP is Inflation-Protected Bonds. IOO tracks S&P Global 100 Index (Net), while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. Their fees differ too: 0.40% for IOO and 0.18% for TIP.
IOO currently has the higher Sharpe Ratio (2.28 vs 1.37), 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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