STIP vs. AQMIX
STIP (iShares 0-5 Year TIPS Bond ETF) and AQMIX (AQR Managed Futures Strategy Fund) are both funds - STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while AQMIX is a Systematic Trend fund managed by AQR Funds. Over the past 10 years, STIP returned 3.14%/yr vs 4.69%/yr for AQMIX. At a correlation of -0.08, they often move in opposite directions. STIP charges 0.06%/yr vs 1.25%/yr for AQMIX.
Performance
STIP vs. AQMIX - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 1.87% return, which is significantly lower than AQMIX's 11.18% return. Over the past 10 years, STIP has underperformed AQMIX with an annualized return of 3.14%, while AQMIX has yielded a comparatively higher 4.69% annualized return.
STIP
- 1D
- -0.02%
- 1M
- -0.09%
- YTD
- 1.87%
- 6M
- 1.97%
- 1Y
- 4.54%
- 3Y*
- 5.26%
- 5Y*
- 3.38%
- 10Y*
- 3.14%
AQMIX
- 1D
- -0.37%
- 1M
- -2.12%
- YTD
- 11.18%
- 6M
- 13.01%
- 1Y
- 24.52%
- 3Y*
- 12.13%
- 5Y*
- 12.71%
- 10Y*
- 4.69%
STIP vs. AQMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 1.87% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
AQMIX AQR Managed Futures Strategy Fund | 11.18% | 14.62% | 8.13% | 2.08% | 35.47% | -1.04% | -0.43% | 1.92% | -8.88% | -0.97% |
Correlation
The correlation between STIP and AQMIX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2010 | -0.08 |
The correlation between STIP and AQMIX shifts across timeframes, from -0.23 (5 years) to -0.01 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
STIP vs. AQMIX — Risk / Return Rank
STIP
AQMIX
STIP vs. AQMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) and AQR Managed Futures Strategy Fund (AQMIX). 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.
| STIP | AQMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.50 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 6.63 | 8.20 | -1.56 |
| Martin ratioReturn relative to average drawdown | 25.91 | 26.10 | -0.20 |
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Drawdowns
STIP vs. AQMIX - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum AQMIX drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for STIP and AQMIX.
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Drawdown Indicators
| STIP | AQMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -26.52% | +21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -3.02% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -13.57% | +12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -13.57% | +8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | -23.34% | +17.84% |
Current DrawdownCurrent decline from peak | -0.20% | -2.30% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -9.99% | +9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.94% | -0.76% |
Volatility
STIP vs. AQMIX - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.41%, while AQR Managed Futures Strategy Fund (AQMIX) has a volatility of 2.41%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than AQMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | AQMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 2.41% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 6.72% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 8.74% | -7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 11.62% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 10.37% | -7.92% |
STIP vs. AQMIX - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than AQMIX's 1.25% expense ratio.
Dividends
STIP vs. AQMIX - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.31%, more than AQMIX's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQMIX AQR Managed Futures Strategy Fund | 2.03% | 2.26% | 3.83% | 8.39% | 12.76% | 6.94% | 5.31% | 3.13% | 0.00% | 0.00% | 0.02% | 6.51% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.31% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
Frequently Asked Questions
STIP and AQMIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AQMIX has higher volatility (2.41%) compared to STIP (0.41%). In terms of maximum drawdown, STIP dropped -5.50% vs AQMIX's -26.52%.
STIP currently has the higher Sharpe Ratio (3.17 vs 2.83), 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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