SPIP vs. TIPX
Compare and contrast key facts about SPDR Portfolio TIPS ETF (SPIP) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX).
SPIP and TIPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013. Both SPIP and TIPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIP or TIPX.
Correlation
The correlation between SPIP and TIPX is 0.72, 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. TIPX - Performance Comparison
Key characteristics
SPIP:
0.35
TIPX:
0.90
SPIP:
0.51
TIPX:
1.27
SPIP:
1.06
TIPX:
1.16
SPIP:
0.15
TIPX:
0.54
SPIP:
1.29
TIPX:
3.65
SPIP:
1.42%
TIPX:
0.81%
SPIP:
5.29%
TIPX:
3.30%
SPIP:
-15.38%
TIPX:
-10.06%
SPIP:
-8.48%
TIPX:
-2.00%
Returns By Period
In the year-to-date period, SPIP achieves a 2.55% return, which is significantly lower than TIPX's 2.97% return. Over the past 10 years, SPIP has underperformed TIPX with an annualized return of 2.05%, while TIPX has yielded a comparatively higher 2.37% annualized return.
SPIP
2.55%
-0.74%
0.71%
1.84%
1.66%
2.05%
TIPX
2.97%
-0.45%
1.58%
2.97%
2.64%
2.37%
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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%.
Risk-Adjusted Performance
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.
Dividends
SPIP vs. TIPX - Dividend Comparison
SPIP's dividend yield for the trailing twelve months is around 3.35%, less than TIPX's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIP SPDR Portfolio TIPS ETF | 3.35% | 3.70% | 7.06% | 4.53% | 1.97% | 2.60% | 2.80% | 3.02% | 1.88% | 0.14% | 1.66% | 1.11% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.58% | 3.57% | 6.07% | 4.26% | 1.73% | 2.53% | 1.90% | 2.85% | 1.04% | 0.06% | 1.52% | 0.25% |
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.
Volatility
SPIP vs. TIPX - Volatility Comparison
SPDR Portfolio TIPS ETF (SPIP) has a higher volatility of 1.48% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 1.00%. 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.