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MDIIX vs. BKIPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MDIIX vs. BKIPX

Last updated Jun 24, 2026

MDIIX (iShares MSCI EAFE International Index Fund) and BKIPX (iShares Short-Term TIPS Bond Index Fund Class K) are both mutual funds - MDIIX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net), while BKIPX is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index. Both are passively managed. Over the past 5 years, MDIIX returned 9.10%/yr vs 2.69%/yr for BKIPX. At a 0.12 correlation, their price movements are largely independent. MDIIX charges 0.35%/yr vs 0.06%/yr for BKIPX.

Performance

MDIIX vs. BKIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE International Index Fund (MDIIX) and iShares Short-Term TIPS Bond Index Fund Class K (BKIPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MDIIX achieves a 10.73% return, which is significantly higher than BKIPX's 0.64% return.

MDIIX

1D
0.19%
1M
2.16%
YTD
10.73%
6M
10.21%
1Y
24.34%
3Y*
17.38%
5Y*
9.10%
10Y*
9.93%

BKIPX

1D
-0.21%
1M
0.01%
YTD
0.64%
6M
1.01%
1Y
3.22%
3Y*
4.68%
5Y*
2.69%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MDIIX vs. BKIPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MDIIX
iShares MSCI EAFE International Index Fund		10.73%31.36%3.36%18.04%-14.33%10.98%7.68%21.55%-13.62%24.84%
BKIPX
iShares Short-Term TIPS Bond Index Fund Class K		0.64%6.08%4.77%3.37%-4.18%5.21%4.86%4.90%0.61%0.90%

Correlation

The correlation between MDIIX and BKIPX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.13

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

0.18

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

0.17

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.12

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iShares MSCI EAFE International Index Fund

iShares Short-Term TIPS Bond Index Fund Class K

Often compared with MDIIX:
MDIIX vs. BDBKXMDIIX vs. BSPGXMDIIX vs. BSPPXMDIIX vs. BDOKXMDIIX vs. BASMXMDIIX vs. BRGKXMDIIX vs. BSPIX
Often compared with BKIPX:
BKIPX vs. SEIAXBKIPX vs. BRGKXBKIPX vs. FSPWXBKIPX vs. IPBAXBKIPX vs. RRPAXBKIPX vs. VCTPXBKIPX vs. FFNYX

Return for Risk

MDIIX vs. BKIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MDIIX
MDIIX Risk / Return Rank: 3838
Overall Rank
MDIIX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
MDIIX Sortino Ratio Rank: 3737
Sortino Ratio Rank
MDIIX Omega Ratio Rank: 3636
Omega Ratio Rank
MDIIX Calmar Ratio Rank: 3939
Calmar Ratio Rank
MDIIX Martin Ratio Rank: 4141
Martin Ratio Rank
BKIPX
BKIPX Risk / Return Rank: 4242
Overall Rank
BKIPX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
BKIPX Sortino Ratio Rank: 4545
Sortino Ratio Rank
BKIPX Omega Ratio Rank: 4444
Omega Ratio Rank
BKIPX Calmar Ratio Rank: 4444
Calmar Ratio Rank
BKIPX Martin Ratio Rank: 5151
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.

MDIIX vs. BKIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MDIIX) and iShares Short-Term TIPS Bond Index Fund Class K (BKIPX). 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.

MDIIXBKIPXDifference
Sharpe ratioReturn per unit of total volatility
1.65
1.39

+0.26

Sortino ratioReturn per unit of downside risk
2.34
2.61

-0.27

Omega ratioGain probability vs. loss probability

1.30

1.33

-0.04

Calmar ratioReturn relative to maximum drawdown

2.25

2.42

-0.17

Martin ratioReturn relative to average drawdown

8.38

9.92

-1.54

MDIIX vs. BKIPX - Sharpe Ratio Comparison

The current MDIIX Sharpe Ratio is 1.65, which is comparable to the BKIPX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of MDIIX and BKIPX, 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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Drawdowns

MDIIX vs. BKIPX - Drawdown Comparison

The maximum MDIIX drawdown since its inception was -61.26%, which is greater than BKIPX's maximum drawdown of -6.42%. Use the drawdown chart below to compare losses from any high point for MDIIX and BKIPX.

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Drawdown Indicators

MDIIXBKIPXDifference

Max Drawdown

Largest peak-to-trough decline

-61.26%

-6.42%

-54.84%

Max Drawdown (1Y)

Largest decline over 1 year

-11.32%

-1.34%

-9.98%

Max Drawdown (3Y)

Largest decline over 3 years

-13.67%

-1.34%

-12.33%

Max Drawdown (5Y)

Largest decline over 5 years

-29.43%

-6.42%

-23.01%

Max Drawdown (10Y)

Largest decline over 10 years

-34.34%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.34%

+1.34%

Average Drawdown

Average peak-to-trough decline

-15.54%

-1.06%

-14.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

0.33%

+2.70%

Volatility

MDIIX vs. BKIPX - Volatility Comparison

iShares MSCI EAFE International Index Fund (MDIIX) has a higher volatility of 4.78% compared to iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) at 1.31%. This indicates that MDIIX's price experiences larger fluctuations and is considered to be riskier than BKIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MDIIXBKIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.78%

1.31%

+3.47%

Volatility (6M)

Calculated over the trailing 6-month period

12.82%

1.82%

+11.00%

Volatility (1Y)

Calculated over the trailing 1-year period

15.49%

2.34%

+13.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.25%

3.12%

+13.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.62%

2.64%

+13.98%

MDIIX vs. BKIPX - Expense Ratio Comparison

MDIIX has a 0.35% expense ratio, which is higher than BKIPX's 0.06% expense ratio.

Dividends

MDIIX vs. BKIPX - Dividend Comparison

MDIIX's dividend yield for the trailing twelve months is around 3.16%, less than BKIPX's 4.69% yield.

PositionTTM20252024202320222021202020192018201720162015
BKIPX
iShares Short-Term TIPS Bond Index Fund Class K		4.69%4.68%4.33%2.77%4.80%4.41%1.17%2.54%2.56%1.90%0.00%0.00%
MDIIX
iShares MSCI EAFE International Index Fund		3.16%3.49%3.15%2.94%2.52%2.78%1.72%3.05%4.24%2.21%2.60%1.94%

Frequently Asked Questions

MDIIX and BKIPX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MDIIX has higher volatility (4.78%) compared to BKIPX (1.31%). In terms of maximum drawdown, MDIIX dropped -61.26% vs BKIPX's -6.42%.

MDIIX currently has the higher Sharpe Ratio (1.65 vs 1.39), 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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