STIP vs. BIIPX
STIP (iShares 0-5 Year TIPS Bond ETF) and BIIPX (iShares Short-Term TIPS Bond Index Fund) are both Inflation-Protected Bonds funds. Over the past 5 years, STIP returned 3.36%/yr vs 2.84%/yr for BIIPX. Their correlation of 0.81 suggests significant overlap in exposure. STIP charges 0.06%/yr vs 0.08%/yr for BIIPX.
Performance
STIP vs. BIIPX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with STIP having a 2.01% return and BIIPX slightly lower at 1.98%.
STIP
- 1D
- -0.03%
- 1M
- 0.12%
- YTD
- 2.01%
- 6M
- 2.01%
- 1Y
- 4.53%
- 3Y*
- 5.18%
- 5Y*
- 3.36%
- 10Y*
- 3.17%
BIIPX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- 1.98%
- 6M
- 2.04%
- 1Y
- 4.68%
- 3Y*
- 5.00%
- 5Y*
- 2.84%
- 10Y*
- —
STIP vs. BIIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 2.01% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.75% |
BIIPX iShares Short-Term TIPS Bond Index Fund | 1.98% | 6.05% | 4.75% | 3.25% | -4.12% | 5.19% | 4.89% | 4.83% | 0.58% | 0.88% |
Correlation
The correlation between STIP and BIIPX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017 | 0.81 |
The correlation between STIP and BIIPX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
STIP vs. BIIPX — Risk / Return Rank
STIP
BIIPX
STIP vs. BIIPX - 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 Short-Term TIPS Bond Index Fund (BIIPX). 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 | BIIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.50 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.56 | 3.76 | +2.80 |
| Martin ratioReturn relative to average drawdown | 26.11 | 16.24 | +9.87 |
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 | BIIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 2.03 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.92 | +0.31 |
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 | 1.12 | -0.05 |
Drawdowns
STIP vs. BIIPX - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum BIIPX drawdown of -6.46%. Use the drawdown chart below to compare losses from any high point for STIP and BIIPX.
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Drawdown Indicators
| STIP | BIIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -6.46% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -1.22% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -1.22% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -6.46% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | — | — |
Current DrawdownCurrent decline from peak | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -1.08% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.28% | -0.10% |
Volatility
STIP vs. BIIPX - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.38%, while iShares Short-Term TIPS Bond Index Fund (BIIPX) has a volatility of 1.21%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than BIIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | BIIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 1.21% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 1.67% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 2.27% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 3.11% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 2.64% | -0.19% |
STIP vs. BIIPX - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than BIIPX's 0.08% 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. BIIPX - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.30%, less than BIIPX's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIIPX iShares Short-Term TIPS Bond Index Fund | 4.59% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% | 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 BIIPX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIIPX has higher volatility (1.21%) compared to STIP (0.38%). In terms of maximum drawdown, STIP dropped -5.50% vs BIIPX's -6.46%.
STIP currently has the higher Sharpe Ratio (3.13 vs 2.03), 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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