STIP vs. RLY
STIP (iShares 0-5 Year TIPS Bond ETF) and RLY (State Street Multi-Asset Real Return ETF) 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 RLY is a Global Allocation fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, STIP returned 3.14%/yr vs 8.27%/yr for RLY. Their 0.29 correlation means their historical movements had little consistent relationship. STIP charges 0.06%/yr vs 0.50%/yr for RLY.
Performance
STIP vs. RLY - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 1.81% return, which is significantly lower than RLY's 15.77% return. Over the past 10 years, STIP has underperformed RLY with an annualized return of 3.14%, while RLY has yielded a comparatively higher 8.27% annualized return.
STIP
- 1D
- -0.05%
- 1M
- 0.13%
- 6M
- 1.26%
- YTD
- 1.81%
- 1Y
- 3.05%
- 3Y*
- 5.11%
- 5Y*
- 3.06%
- 10Y*
- 3.14%
- ALL TIME*
- 2.37%
RLY
- 1D
- -0.46%
- 1M
- 4.07%
- 6M
- 7.44%
- YTD
- 15.77%
- 1Y
- 27.64%
- 3Y*
- 12.72%
- 5Y*
- 10.48%
- 10Y*
- 8.27%
- ALL TIME*
- 4.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.60M | $7.84M | $7.75M | |
| $80.85M | $78.77M | $101.18M |
STIP vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 1.81% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
RLY State Street Multi-Asset Real Return ETF | 15.77% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between STIP and RLY is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.29 |
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Return for Risk
STIP vs. RLY — Risk / Return Rank
STIP
RLY
STIP vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) and State Street Multi-Asset Real Return ETF (RLY). 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 | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.48 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 3.66 | +1.13 |
| Martin ratioReturn relative to average drawdown | 15.31 | 12.77 | +2.54 |
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Drawdowns
STIP vs. RLY - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum RLY drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for STIP and RLY.
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Drawdown Indicators
| STIP | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -37.75% | +32.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -7.54% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -10.08% | +9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -18.94% | +13.44% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | -34.17% | +28.67% |
Current DrawdownCurrent decline from peak | -0.25% | -2.74% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -9.40% | +8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 2.16% | -1.93% |
Volatility
STIP vs. RLY - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.38%, while State Street Multi-Asset Real Return ETF (RLY) has a volatility of 2.68%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 2.68% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 8.44% | -7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.52% | 10.60% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 13.46% | -10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 13.80% | -11.35% |
STIP vs. RLY - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
STIP vs. RLY - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.91%, more than RLY's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY State Street Multi-Asset Real Return ETF | 3.06% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.60% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
Frequently Asked Questions
STIP and RLY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLY has higher volatility (2.68%) compared to STIP (0.38%). In terms of maximum drawdown, STIP dropped -5.50% vs RLY's -37.75%.
On 10-year performance, RLY leads with 8.27% vs 3.14% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RLY has performed better with a 8.27% return vs 3.14%. 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 0.50% for RLY.
STIP has the higher dividend yield at 4.60%, compared with 3.06% for RLY.
STIP is categorized as Inflation-Protected Bonds, while RLY is Global Allocation. STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.06% for STIP and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.61 vs 2.28), 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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