PG vs. TIP
PG (The Procter & Gamble Company) is a stock, while TIP (iShares TIPS Bond ETF) is Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Over the past 10 years, PG returned 8.96%/yr vs 2.53%/yr for TIP. At a correlation of -0.04, they often move in opposite directions.
Performance
PG vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, PG achieves a 5.93% return, which is significantly higher than TIP's 1.40% return. Over the past 10 years, PG has outperformed TIP with an annualized return of 8.96%, while TIP has yielded a comparatively lower 2.53% annualized return.
PG
- 1D
- 0.86%
- 1M
- 5.18%
- YTD
- 5.93%
- 6M
- 6.28%
- 1Y
- -5.68%
- 3Y*
- 3.69%
- 5Y*
- 4.73%
- 10Y*
- 8.96%
TIP
- 1D
- 0.01%
- 1M
- -0.21%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.61%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
PG vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 5.93% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
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 PG and TIP is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.04 |
The correlation between PG and TIP shifts across timeframes, from -0.04 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PG vs. TIP — Risk / Return Rank
PG
TIP
PG vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Procter & Gamble Company (PG) 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.
| PG | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.24 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.34 | -2.71 |
| Martin ratioReturn relative to average drawdown | -0.68 | 7.00 | -7.68 |
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Drawdowns
PG vs. TIP - Drawdown Comparison
The maximum PG drawdown since its inception was -54.25%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for PG and TIP.
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Drawdown Indicators
| PG | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.25% | -14.57% | -39.68% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -1.98% | -13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -4.54% | -16.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -14.51% | -9.26% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -14.51% | -9.26% |
Current DrawdownCurrent decline from peak | -13.29% | -0.46% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -3.43% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.80% | 0.66% | +8.14% |
Volatility
PG vs. TIP - Volatility Comparison
The Procter & Gamble Company (PG) has a higher volatility of 6.99% compared to iShares TIPS Bond ETF (TIP) at 1.03%. This indicates that PG'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
| PG | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 1.03% | +5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.01% | 2.32% | +12.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 3.39% | +15.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.82% | 6.21% | +11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 5.74% | +13.31% |
Dividends
PG vs. TIP - Dividend Comparison
PG's dividend yield for the trailing twelve months is around 2.85%, less than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 2.85% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
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
PG and TIP have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PG has higher volatility (6.99%) compared to TIP (1.03%). In terms of maximum drawdown, PG dropped -54.25% vs TIP's -14.57%.
TIP currently has the higher Sharpe Ratio (1.37 vs -0.30), 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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