SPIP vs. PRIPX
Compare and contrast key facts about SPDR Portfolio TIPS ETF (SPIP) and T. Rowe Price Inflation Protected Bond Fund (PRIPX).
SPIP is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays US Government Inflation-linked Bond Index. It was launched on May 25, 2007. PRIPX is managed by T. Rowe Price. It was launched on Oct 30, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIP or PRIPX.
Correlation
The correlation between SPIP and PRIPX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPIP vs. PRIPX - Performance Comparison
Key characteristics
SPIP:
0.91
PRIPX:
0.52
SPIP:
1.33
PRIPX:
0.85
SPIP:
1.16
PRIPX:
1.15
SPIP:
0.38
PRIPX:
0.35
SPIP:
2.80
PRIPX:
2.74
SPIP:
1.61%
PRIPX:
1.59%
SPIP:
4.93%
PRIPX:
8.32%
SPIP:
-15.38%
PRIPX:
-17.54%
SPIP:
-6.97%
PRIPX:
-8.07%
Returns By Period
In the year-to-date period, SPIP achieves a 1.86% return, which is significantly higher than PRIPX's 1.48% return. Over the past 10 years, SPIP has outperformed PRIPX with an annualized return of 2.20%, while PRIPX has yielded a comparatively lower 1.50% annualized return.
SPIP
1.86%
2.26%
0.29%
4.66%
1.63%
2.20%
PRIPX
1.48%
1.99%
0.27%
4.45%
2.15%
1.50%
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SPIP vs. PRIPX - Expense Ratio Comparison
SPIP has a 0.12% expense ratio, which is lower than PRIPX's 0.38% expense ratio.
Risk-Adjusted Performance
SPIP vs. PRIPX — Risk-Adjusted Performance Rank
SPIP
PRIPX
SPIP vs. PRIPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio TIPS ETF (SPIP) and T. Rowe Price Inflation Protected Bond Fund (PRIPX). 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.
Dividends
SPIP vs. PRIPX - Dividend Comparison
SPIP's dividend yield for the trailing twelve months is around 3.29%, less than PRIPX's 4.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIP SPDR Portfolio TIPS ETF | 3.29% | 3.35% | 3.70% | 7.06% | 4.53% | 1.97% | 2.60% | 2.80% | 3.02% | 1.88% | 0.14% | 1.66% |
PRIPX T. Rowe Price Inflation Protected Bond Fund | 4.21% | 4.41% | 5.06% | 7.37% | 7.71% | 3.91% | 0.82% | 0.67% | 0.02% | 0.04% | 0.07% | 0.35% |
Drawdowns
SPIP vs. PRIPX - Drawdown Comparison
The maximum SPIP drawdown since its inception was -15.38%, smaller than the maximum PRIPX drawdown of -17.54%. Use the drawdown chart below to compare losses from any high point for SPIP and PRIPX. For additional features, visit the drawdowns tool.
Volatility
SPIP vs. PRIPX - Volatility Comparison
SPDR Portfolio TIPS ETF (SPIP) has a higher volatility of 1.05% compared to T. Rowe Price Inflation Protected Bond Fund (PRIPX) at 0.94%. This indicates that SPIP's price experiences larger fluctuations and is considered to be riskier than PRIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.