STIP vs. IBIE
STIP (iShares 0-5 Year TIPS Bond ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - STIP tracks the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L) while IBIE tracks the ICE 2028 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, STIP returned 4.68% vs 4.80% for IBIE. Their correlation of 0.91 suggests significant overlap in exposure. STIP charges 0.06%/yr vs 0.10%/yr for IBIE.
Performance
STIP vs. IBIE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with STIP having a 2.04% return and IBIE slightly higher at 2.10%.
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%
IBIE
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 2.10%
- 6M
- 2.07%
- 1Y
- 4.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STIP vs. IBIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 2.20% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 2.10% | 6.46% | 3.95% | 2.93% |
Correlation
The correlation between STIP and IBIE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.91 |
The correlation between STIP and IBIE has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
STIP vs. IBIE — Risk / Return Rank
STIP
IBIE
STIP vs. IBIE - 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 iBonds Oct 2028 Term TIPS ETF (IBIE). 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 | IBIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.69 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.76 | 8.73 | -1.97 |
| Martin ratioReturn relative to average drawdown | 26.37 | 25.70 | +0.67 |
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 | IBIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.23 | 3.09 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | — | — |
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 | 2.02 | -0.95 |
Drawdowns
STIP vs. IBIE - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for STIP and IBIE.
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Drawdown Indicators
| STIP | IBIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -1.70% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -0.55% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -0.39% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.19% | -0.01% |
Volatility
STIP vs. IBIE - Volatility Comparison
iShares 0-5 Year TIPS Bond ETF (STIP) has a higher volatility of 0.40% compared to iShares iBonds Oct 2028 Term TIPS ETF (IBIE) at 0.38%. This indicates that STIP's price experiences larger fluctuations and is considered to be riskier than IBIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | IBIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 0.38% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 0.97% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 1.56% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 2.86% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 2.86% | -0.41% |
STIP vs. IBIE - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than IBIE'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. IBIE - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.30%, more than IBIE's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 3.25% | 4.09% | 4.23% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 IBIE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STIP has higher volatility (0.40%) compared to IBIE (0.38%). In terms of maximum drawdown, STIP dropped -5.50% vs IBIE's -1.70%.
On 1-year performance, IBIE leads with 4.80% vs 4.68% for STIP. On fees, STIP is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIE has performed better with a 4.80% return vs 4.68%. 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 IBIE.
STIP has the higher dividend yield at 4.30%, compared with 3.25% for IBIE.
STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.06% for STIP and 0.10% for IBIE.
STIP currently has the higher Sharpe Ratio (3.23 vs 3.09), 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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