LGND vs. TIPX

Last updated Jun 4, 2026

LGND (Ligand Pharmaceuticals Incorporated) is a stock, while TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) is Inflation-Protected Bonds fund tracking the Bloomberg US Govt Inflation-Linked (1-10 Y). Over the past 10 years, LGND returned 7.10%/yr vs 2.97%/yr for TIPX. At a 0.01 correlation, their price movements are largely independent.

Performance

LGND vs. TIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ligand Pharmaceuticals Incorporated (LGND) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGND achieves a 23.98% return, which is significantly higher than TIPX's 1.72% return. Over the past 10 years, LGND has outperformed TIPX with an annualized return of 7.10%, while TIPX has yielded a comparatively lower 2.97% annualized return.

LGND

• 1D: 0.70%
• 1M: 2.64%
• YTD: 23.98%
• 6M: 21.43%
• 1Y: 129.02%
• 3Y*: 46.01%
• 5Y*: 15.23%
• 10Y*: 7.10%

TIPX

• 1D: -0.05%
• 1M: -0.17%
• YTD: 1.72%
• 6M: 1.48%
• 1Y: 5.04%
• 3Y*: 4.84%
• 5Y*: 2.26%
• 10Y*: 2.97%

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

LGND vs. TIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGND Ligand Pharmaceuticals Incorporated	23.98%	76.45%	50.03%	6.92%	-56.75%	55.31%	-4.64%	-23.15%	-0.90%	34.76%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	1.72%	7.15%	3.08%	4.43%	-7.58%	5.42%	8.51%	6.60%	-0.32%	2.54%

Correlation

The correlation between LGND and TIPX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since May 31, 2013	0.01

Return for Risk

LGND vs. TIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGND

LGND Risk / Return Rank: 95
LGND Sharpe Ratio Rank: 96
LGND Sortino Ratio Rank: 94
LGND Omega Ratio Rank: 93
LGND Calmar Ratio Rank: 97
LGND Martin Ratio Rank: 96

TIPX

TIPX Risk / Return Rank: 66
TIPX Sharpe Ratio Rank: 57
TIPX Sortino Ratio Rank: 65
TIPX Omega Ratio Rank: 59
TIPX Calmar Ratio Rank: 77
TIPX Martin Ratio Rank: 71

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.

LGND vs. TIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ligand Pharmaceuticals Incorporated (LGND) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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.

	LGND	TIPX	Difference
Sharpe ratio: Return per unit of total volatility	3.53	1.94	+1.59
Sortino ratio: Return per unit of downside risk	3.92	3.04	+0.88
Omega ratio: Gain probability vs. loss probability	1.52	1.36	+0.16
Calmar ratio: Return relative to maximum drawdown	9.23	3.92	+5.31
Martin ratio: Return relative to average drawdown	23.23	13.22	+10.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGND vs. TIPX - Sharpe Ratio Comparison

The current LGND Sharpe Ratio is 3.53, which is higher than the TIPX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of LGND and TIPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LGND	TIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.53	1.94	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.49	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.68	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.50	-0.40

Drawdowns

LGND vs. TIPX - Drawdown Comparison

The maximum LGND drawdown since its inception was -93.34%, which is greater than TIPX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for LGND and TIPX.

Drawdown Indicators

	LGND	TIPX	Difference
Max Drawdown Largest peak-to-trough decline	-93.34%	-10.06%	-83.28%
Max Drawdown (1Y) Largest decline over 1 year	-14.07%	-1.29%	-12.78%
Max Drawdown (3Y) Largest decline over 3 years	-37.25%	-2.45%	-34.80%
Max Drawdown (5Y) Largest decline over 5 years	-70.11%	-10.06%	-60.05%
Max Drawdown (10Y) Largest decline over 10 years	-81.94%	-10.06%	-71.88%
Current Drawdown Current decline from peak	-14.61%	-0.30%	-14.31%
Average Drawdown Average peak-to-trough decline	-44.57%	-2.28%	-42.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	0.38%	+5.19%

Volatility

LGND vs. TIPX - Volatility Comparison

Ligand Pharmaceuticals Incorporated (LGND) has a higher volatility of 14.22% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 0.74%. This indicates that LGND's price experiences larger fluctuations and is considered to be riskier than TIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGND	TIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.22%	0.74%	+13.48%
Volatility (6M) Calculated over the trailing 6-month period	27.82%	1.79%	+26.03%
Volatility (1Y) Calculated over the trailing 1-year period	36.72%	2.61%	+34.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.07%	4.64%	+39.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.38%	4.37%	+41.01%

Dividends

LGND vs. TIPX - Dividend Comparison

LGND has not paid dividends to shareholders, while TIPX's dividend yield for the trailing twelve months is around 4.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGND Ligand Pharmaceuticals Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	4.54%	3.78%	3.57%	3.57%	6.08%	4.26%	1.73%	2.53%	1.90%	2.84%	1.04%	0.06%

Frequently Asked Questions

Can I hold both LGND and TIPX in my portfolio?

LGND and TIPX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGND or TIPX?

LGND has higher volatility (14.22%) compared to TIPX (0.74%). In terms of maximum drawdown, LGND dropped -93.34% vs TIPX's -10.06%.

Which has better risk-adjusted returns?

LGND currently has the higher Sharpe Ratio (3.53 vs 1.94), 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.