STIP vs. STPZ

Last updated Apr 1, 2026

Compare and contrast key facts about iShares 0-5 Year TIPS Bond ETF (STIP) and PIMCO 1-5 Year US TIPS Index ETF (STPZ).

STIP and STPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010. STPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (1-5 Y). It was launched on Aug 20, 2009. Both STIP and STPZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

STIP vs. STPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year TIPS Bond ETF (STIP) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). The values are adjusted to include any dividend payments, if applicable.

STIP vs. STPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STIP iShares 0-5 Year TIPS Bond ETF	1.02%	6.03%	4.77%	4.63%	-3.02%	5.68%	5.18%	4.89%	0.54%	0.74%
STPZ PIMCO 1-5 Year US TIPS Index ETF	0.83%	6.40%	4.30%	4.28%	-4.49%	5.64%	5.44%	4.83%	0.04%	0.51%

Returns By Period

In the year-to-date period, STIP achieves a 1.02% return, which is significantly higher than STPZ's 0.83% return. Over the past 10 years, STIP has outperformed STPZ with an annualized return of 3.11%, while STPZ has yielded a comparatively lower 2.82% annualized return.

STIP

• 1D: 0.05%
• 1M: 0.11%
• YTD: 1.02%
• 6M: 1.38%
• 1Y: 3.99%
• 3Y*: 4.69%
• 5Y*: 3.49%
• 10Y*: 3.11%

STPZ

• 1D: 0.07%
• 1M: -0.12%
• YTD: 0.83%
• 6M: 1.08%
• 1Y: 3.83%
• 3Y*: 4.47%
• 5Y*: 3.05%
• 10Y*: 2.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STIP vs. STPZ - Expense Ratio Comparison

STIP has a 0.06% expense ratio, which is lower than STPZ's 0.20% 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%.

STPZ

PIMCO 1-5 Year US TIPS Index ETF

STIP

iShares 0-5 Year TIPS Bond ETF

Return for Risk

STIP vs. STPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STIP

STIP Risk / Return Rank: 95
STIP Sharpe Ratio Rank: 94
STIP Sortino Ratio Rank: 96
STIP Omega Ratio Rank: 96
STIP Calmar Ratio Rank: 96
STIP Martin Ratio Rank: 95

STPZ

STPZ Risk / Return Rank: 85
STPZ Sharpe Ratio Rank: 83
STPZ Sortino Ratio Rank: 86
STPZ Omega Ratio Rank: 84
STPZ Calmar Ratio Rank: 89
STPZ Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STIP vs. STPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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	STPZ	Difference
Sharpe ratio Return per unit of total volatility	2.19	1.61	+0.58
Sortino ratio Return per unit of downside risk	3.34	2.30	+1.04
Omega ratio Gain probability vs. loss probability	1.47	1.33	+0.14
Calmar ratio Return relative to maximum drawdown	4.30	2.92	+1.38
Martin ratio Return relative to average drawdown	14.63	8.71	+5.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STIP vs. STPZ - Sharpe Ratio Comparison

The current STIP Sharpe Ratio is 2.19, which is higher than the STPZ Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of STIP and STPZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	STIP	STPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	1.61	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	0.93	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.27	0.95	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.89	+0.16

Correlation

The correlation between STIP and STPZ is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

STIP vs. STPZ - Dividend Comparison

STIP's dividend yield for the trailing twelve months is around 3.93%, more than STPZ's 3.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STIP iShares 0-5 Year TIPS Bond ETF	3.93%	4.11%	2.62%	2.84%	6.04%	4.15%	1.40%	2.06%	2.44%	1.59%	0.89%	0.00%
STPZ PIMCO 1-5 Year US TIPS Index ETF	3.59%	3.65%	1.97%	1.63%	5.88%	3.65%	1.86%	1.76%	2.23%	1.51%	0.65%	0.49%

Drawdowns

STIP vs. STPZ - Drawdown Comparison

The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum STPZ drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for STIP and STPZ.

Drawdown Indicators

	STIP	STPZ	Difference
Max Drawdown Largest peak-to-trough decline	-5.50%	-6.77%	+1.27%
Max Drawdown (1Y) Largest decline over 1 year	-0.95%	-1.35%	+0.40%
Max Drawdown (5Y) Largest decline over 5 years	-5.50%	-6.70%	+1.20%
Max Drawdown (10Y) Largest decline over 10 years	-5.50%	-6.77%	+1.27%
Current Drawdown Current decline from peak	-0.24%	-0.37%	+0.13%
Average Drawdown Average peak-to-trough decline	-1.00%	-1.32%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.45%	-0.17%

Volatility

STIP vs. STPZ - Volatility Comparison

The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.59%, while PIMCO 1-5 Year US TIPS Index ETF (STPZ) has a volatility of 0.72%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STIP	STPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	0.72%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	1.21%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	1.83%	2.38%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.76%	3.30%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.45%	2.98%	-0.53%