STIP vs. ICPI
STIP (iShares 0-5 Year TIPS Bond ETF) and ICPI (iShares 0-1 Year TIPS Bond 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 ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. STIP charges 0.06%/yr vs 0.09%/yr for ICPI.
Performance
STIP vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 2.01% return, which is significantly lower than ICPI's 2.70% return.
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%
ICPI
- 1D
- 0.05%
- 1M
- 0.44%
- YTD
- 2.70%
- 6M
- 2.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STIP vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 2.01% | 0.20% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.70% | 0.32% |
Correlation
The correlation between STIP and ICPI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | 0.37 |
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Return for Risk
STIP vs. ICPI — Risk / Return Rank
STIP
ICPI
STIP vs. ICPI - 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 0-1 Year TIPS Bond ETF (ICPI). 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 | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.67 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.56 | — | — |
| Martin ratioReturn relative to average drawdown | 26.11 | — | — |
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 | ICPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | — | — |
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 | 6.20 | -5.13 |
Drawdowns
STIP vs. ICPI - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, which is greater than ICPI's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for STIP and ICPI.
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Drawdown Indicators
| STIP | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -0.22% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | — | — |
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 | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -0.03% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | — | — |
Volatility
STIP vs. ICPI - Volatility Comparison
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Volatility by Period
| STIP | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 0.95% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 0.95% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 0.95% | +1.50% |
STIP vs. ICPI - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than ICPI's 0.09% 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. ICPI - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.30%, more than ICPI's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 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 | 4.30% | 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 ICPI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, STIP is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
STIP is cheaper with a 0.06% expense ratio, compared with 0.09% for ICPI.
STIP has the higher dividend yield at 4.30%, compared with 1.80% for ICPI.
STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Their fees differ too: 0.06% for STIP and 0.09% for ICPI.
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