IVE vs. TIP
IVE (iShares S&P 500 Value ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - IVE is a Large Cap Value Equities fund tracking the S&P 500 Value 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, IVE returned 11.62%/yr vs 2.48%/yr for TIP. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.18% expense ratio.
Performance
IVE vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, IVE achieves a 7.22% return, which is significantly higher than TIP's 1.06% return. Over the past 10 years, IVE has outperformed TIP with an annualized return of 11.62%, while TIP has yielded a comparatively lower 2.48% annualized return.
IVE
- 1D
- -1.15%
- 1M
- 0.79%
- YTD
- 7.22%
- 6M
- 7.77%
- 1Y
- 21.32%
- 3Y*
- 15.38%
- 5Y*
- 10.49%
- 10Y*
- 11.62%
TIP
- 1D
- -0.48%
- 1M
- -0.57%
- YTD
- 1.06%
- 6M
- 0.88%
- 1Y
- 4.37%
- 3Y*
- 3.65%
- 5Y*
- 0.88%
- 10Y*
- 2.48%
IVE vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVE iShares S&P 500 Value ETF | 7.22% | 13.02% | 12.03% | 22.07% | -5.41% | 24.72% | 1.22% | 31.62% | -9.22% | 15.24% |
TIP iShares TIPS Bond ETF | 1.06% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between IVE and TIP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2003 | -0.11 |
The correlation between IVE and TIP shifts across timeframes, from -0.11 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVE vs. TIP — Risk / Return Rank
IVE
TIP
IVE vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) 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.
| IVE | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.22 | +1.24 |
| Martin ratioReturn relative to average drawdown | 13.19 | 6.71 | +6.48 |
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
| IVE | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.28 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.14 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.43 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.57 | -0.17 |
Drawdowns
IVE vs. TIP - Drawdown Comparison
The maximum IVE drawdown since its inception was -61.32%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for IVE and TIP.
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Drawdown Indicators
| IVE | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.32% | -14.57% | -46.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -1.98% | -4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -4.54% | -13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.04% | -14.51% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -14.51% | -22.53% |
Current DrawdownCurrent decline from peak | -1.15% | -0.79% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -3.43% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 0.65% | +0.97% |
Volatility
IVE vs. TIP - Volatility Comparison
iShares S&P 500 Value ETF (IVE) has a higher volatility of 2.39% compared to iShares TIPS Bond ETF (TIP) at 1.01%. This indicates that IVE'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
| IVE | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 1.01% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.17% | 2.33% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.88% | 3.43% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 6.21% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 5.74% | +11.22% |
IVE vs. TIP - Expense Ratio Comparison
Both IVE and TIP have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IVE vs. TIP - Dividend Comparison
IVE's dividend yield for the trailing twelve months is around 1.52%, less than TIP's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVE iShares S&P 500 Value ETF | 1.52% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
TIP iShares TIPS Bond ETF | 3.77% | 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
IVE and TIP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVE has higher volatility (2.39%) compared to TIP (1.01%). In terms of maximum drawdown, IVE dropped -61.32% vs TIP's -14.57%.
On 10-year performance, IVE leads with 11.62% vs 2.48% for TIP. Both ETFs have the same 0.18% expense ratio. On volatility, TIP has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IVE has performed better with a 11.62% return vs 2.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVE and TIP have the same expense ratio: 0.18% per year.
TIP has the higher dividend yield at 3.77%, compared with 1.52% for IVE.
IVE is categorized as Large Cap Value Equities, while TIP is Inflation-Protected Bonds. IVE tracks S&P 500 Value Index, while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index.
IVE currently has the higher Sharpe Ratio (2.17 vs 1.28), 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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