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SPIP vs. TIPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPIP and TIPX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.0

Performance

SPIP vs. TIPX - Performance Comparison

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

20.00%22.00%24.00%26.00%28.00%December2025FebruaryMarchAprilMay
25.19%
27.97%
SPIP
TIPX

Key characteristics

Sharpe Ratio

SPIP:

1.27

TIPX:

2.14

Sortino Ratio

SPIP:

1.79

TIPX:

3.03

Omega Ratio

SPIP:

1.23

TIPX:

1.43

Calmar Ratio

SPIP:

0.57

TIPX:

1.40

Martin Ratio

SPIP:

4.11

TIPX:

7.94

Ulcer Index

SPIP:

1.65%

TIPX:

0.93%

Daily Std Dev

SPIP:

5.31%

TIPX:

3.46%

Max Drawdown

SPIP:

-15.38%

TIPX:

-10.06%

Current Drawdown

SPIP:

-5.50%

TIPX:

-0.78%

Returns By Period

In the year-to-date period, SPIP achieves a 3.46% return, which is significantly lower than TIPX's 3.70% return. Over the past 10 years, SPIP has underperformed TIPX with an annualized return of 2.32%, while TIPX has yielded a comparatively higher 2.70% annualized return.


SPIP

YTD

3.46%

1M

-0.80%

6M

2.05%

1Y

6.96%

5Y*

1.41%

10Y*

2.32%

TIPX

YTD

3.70%

1M

-0.16%

6M

3.34%

1Y

7.56%

5Y*

2.92%

10Y*

2.70%

*Annualized

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SPIP vs. TIPX - Expense Ratio Comparison

SPIP has a 0.12% expense ratio, which is lower than TIPX's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for TIPX: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TIPX: 0.15%
Expense ratio chart for SPIP: current value is 0.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPIP: 0.12%

Risk-Adjusted Performance

SPIP vs. TIPX — Risk-Adjusted Performance Rank

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

SPIP
The Risk-Adjusted Performance Rank of SPIP is 7979
Overall Rank
The Sharpe Ratio Rank of SPIP is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of SPIP is 8585
Sortino Ratio Rank
The Omega Ratio Rank of SPIP is 8282
Omega Ratio Rank
The Calmar Ratio Rank of SPIP is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPIP is 8080
Martin Ratio Rank

TIPX
The Risk-Adjusted Performance Rank of TIPX is 9393
Overall Rank
The Sharpe Ratio Rank of TIPX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of TIPX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of TIPX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of TIPX is 8888
Calmar Ratio Rank
The Martin Ratio Rank of TIPX is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPIP vs. TIPX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio TIPS ETF (SPIP) 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.


The chart of Sharpe ratio for SPIP, currently valued at 1.27, compared to the broader market-1.000.001.002.003.004.00
SPIP: 1.27
TIPX: 2.14
The chart of Sortino ratio for SPIP, currently valued at 1.79, compared to the broader market-2.000.002.004.006.008.00
SPIP: 1.79
TIPX: 3.03
The chart of Omega ratio for SPIP, currently valued at 1.23, compared to the broader market0.501.001.502.002.50
SPIP: 1.23
TIPX: 1.43
The chart of Calmar ratio for SPIP, currently valued at 0.57, compared to the broader market0.002.004.006.008.0010.00
SPIP: 0.57
TIPX: 1.40
The chart of Martin ratio for SPIP, currently valued at 4.11, compared to the broader market0.0020.0040.0060.00
SPIP: 4.11
TIPX: 7.94

The current SPIP Sharpe Ratio is 1.27, which is lower than the TIPX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of SPIP and TIPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50December2025FebruaryMarchAprilMay
1.27
2.14
SPIP
TIPX

Dividends

SPIP vs. TIPX - Dividend Comparison

SPIP's dividend yield for the trailing twelve months is around 2.85%, which matches TIPX's 2.83% yield.


TTM20242023202220212020201920182017201620152014
SPIP
SPDR Portfolio TIPS ETF
2.85%3.35%3.70%7.06%4.53%1.97%2.60%2.80%3.02%1.88%0.14%1.66%
TIPX
SPDR Bloomberg Barclays 1-10 Year TIPS ETF
2.83%3.57%3.57%6.08%4.26%1.73%2.52%1.90%2.84%1.04%0.06%1.52%

Drawdowns

SPIP vs. TIPX - Drawdown Comparison

The maximum SPIP drawdown since its inception was -15.38%, which is greater than TIPX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for SPIP and TIPX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-5.50%
-0.78%
SPIP
TIPX

Volatility

SPIP vs. TIPX - Volatility Comparison

SPDR Portfolio TIPS ETF (SPIP) has a higher volatility of 2.56% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 1.88%. This indicates that SPIP'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.


1.00%1.50%2.00%2.50%December2025FebruaryMarchAprilMay
2.56%
1.88%
SPIP
TIPX