STIP vs. GLDM
STIP (iShares 0-5 Year TIPS Bond ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, STIP returned 3.38%/yr vs 17.41%/yr for GLDM. At a 0.39 correlation, their price movements are largely independent. STIP charges 0.06%/yr vs 0.10%/yr for GLDM.
Performance
STIP vs. GLDM - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 1.87% return, which is significantly higher than GLDM's -2.40% 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%
GLDM
- 1D
- 0.11%
- 1M
- -9.52%
- YTD
- -2.40%
- 6M
- -2.09%
- 1Y
- 22.58%
- 3Y*
- 29.27%
- 5Y*
- 17.41%
- 10Y*
- —
STIP vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 1.87% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.02% |
GLDM SPDR Gold MiniShares Trust | -2.40% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.75% |
Correlation
The correlation between STIP and GLDM is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.39 |
The correlation between STIP and GLDM shifts across timeframes, from 0.24 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
STIP vs. GLDM — Risk / Return Rank
STIP
GLDM
STIP vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +4.22 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.19 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.63 | 1.00 | +5.63 |
| Martin ratioReturn relative to average drawdown | 25.91 | 2.87 | +23.04 |
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Drawdowns
STIP vs. GLDM - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum GLDM drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for STIP and GLDM.
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Drawdown Indicators
| STIP | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -24.35% | +18.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -24.35% | +23.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -24.35% | +23.40% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -24.35% | +18.85% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -21.96% | +21.76% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -6.27% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 8.44% | -8.26% |
Volatility
STIP vs. GLDM - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.41%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 7.73%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 7.73% | -7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 23.93% | -22.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 27.15% | -25.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 18.13% | -15.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 16.98% | -14.53% |
STIP vs. GLDM - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than GLDM's 0.10% 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. GLDM - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.31%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
STIP and GLDM have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (7.73%) compared to STIP (0.41%). In terms of maximum drawdown, STIP dropped -5.50% vs GLDM's -24.35%.
On 5-year performance, GLDM leads with 17.41% vs 3.38% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDM has performed better with a 17.41% return vs 3.38%. 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 0.10% for GLDM.
STIP has the higher dividend yield at 4.31%, compared with 0.00% for GLDM.
STIP is categorized as Inflation-Protected Bonds, while GLDM is Gold. STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while GLDM tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.06% for STIP and 0.10% for GLDM.
STIP currently has the higher Sharpe Ratio (3.17 vs 0.90), 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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