STIP vs. BGRN
STIP (iShares 0-5 Year TIPS Bond ETF) and BGRN (iShares USD Green Bond ETF) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while BGRN is a Global Bonds fund tracking the Bloomberg MSCI USD Green Bond Select Index. Both are passively managed. Over the past 5 years, STIP returned 3.37%/yr vs 0.54%/yr for BGRN. At a 0.49 correlation, their price movements are largely independent. STIP charges 0.06%/yr vs 0.20%/yr for BGRN.
Performance
STIP vs. BGRN - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 2.04% return, which is significantly higher than BGRN's 0.43% return.
STIP
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 2.04%
- 6M
- 2.03%
- 1Y
- 4.68%
- 3Y*
- 5.23%
- 5Y*
- 3.37%
- 10Y*
- 3.18%
BGRN
- 1D
- -0.20%
- 1M
- 0.31%
- YTD
- 0.43%
- 6M
- 0.49%
- 1Y
- 5.19%
- 3Y*
- 4.75%
- 5Y*
- 0.54%
- 10Y*
- —
STIP vs. BGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.34% |
BGRN iShares USD Green Bond ETF | 0.43% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
Correlation
The correlation between STIP and BGRN is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2018 | 0.49 |
The correlation between STIP and BGRN shifts across timeframes, from 0.49 (all time) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
STIP vs. BGRN — Risk / Return Rank
STIP
BGRN
STIP vs. BGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) and iShares USD Green Bond ETF (BGRN). 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.
| STIP | BGRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.32 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 6.76 | 2.34 | +4.42 |
| Martin ratioReturn relative to average drawdown | 26.37 | 7.85 | +18.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| STIP | BGRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.23 | 1.76 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.10 | +1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.45 | +0.62 |
Drawdowns
STIP vs. BGRN - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum BGRN drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for STIP and BGRN.
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Drawdown Indicators
| STIP | BGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -19.16% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -2.23% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -4.55% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -18.73% | +13.23% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.83% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -5.79% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.66% | -0.48% |
Volatility
STIP vs. BGRN - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.40%, while iShares USD Green Bond ETF (BGRN) has a volatility of 1.06%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than BGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | BGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 1.06% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 2.24% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 2.97% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 5.46% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 5.00% | -2.55% |
STIP vs. BGRN - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than BGRN's 0.20% 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%.
Dividends
STIP vs. BGRN - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.30%, which matches BGRN's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 4.29% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.30% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
STIP and BGRN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRN has higher volatility (1.06%) compared to STIP (0.40%). In terms of maximum drawdown, STIP dropped -5.50% vs BGRN's -19.16%.
On 5-year performance, STIP leads with 3.37% vs 0.54% for BGRN. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, STIP has performed better with a 3.37% return vs 0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.20% for BGRN.
STIP and BGRN have nearly identical dividend yields, around 4.30%.
STIP is categorized as Inflation-Protected Bonds, while BGRN is Global Bonds. STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while BGRN tracks Bloomberg MSCI USD Green Bond Select Index. Their fees differ too: 0.06% for STIP and 0.20% for BGRN.
STIP currently has the higher Sharpe Ratio (3.23 vs 1.76), 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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