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STIP vs. TIPZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

STIP vs. TIPZ

Last updated Jun 4, 2026

STIP (iShares 0-5 Year TIPS Bond ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds - STIP tracks the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L) while TIPZ tracks the ICE BofA US Inflation-Linked Treasury. Both are passively managed. Over the past 10 years, STIP returned 3.18%/yr vs 2.49%/yr for TIPZ. A 0.73 correlation means they provide meaningful diversification when combined. STIP charges 0.06%/yr vs 0.20%/yr for TIPZ.

Performance

STIP vs. TIPZ - 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 Broad US TIPS Index ETF (TIPZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, STIP achieves a 2.04% return, which is significantly lower than TIPZ's 2.58% return. Over the past 10 years, STIP has outperformed TIPZ with an annualized return of 3.18%, while TIPZ has yielded a comparatively lower 2.49% annualized return.

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%

TIPZ

1D
-0.20%
1M
-0.01%
YTD
2.58%
6M
1.00%
1Y
5.12%
3Y*
3.86%
5Y*
0.77%
10Y*
2.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

STIP vs. TIPZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
STIP
iShares 0-5 Year TIPS Bond ETF		2.04%6.03%4.77%4.63%-3.02%5.68%5.18%4.89%0.54%0.74%
TIPZ
PIMCO Broad US TIPS Index ETF		2.58%5.87%1.52%3.37%-12.67%5.48%10.98%8.64%-1.65%3.12%

Correlation

The correlation between STIP and TIPZ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Dec 6, 2010

0.73

The correlation between STIP and TIPZ has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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iShares 0-5 Year TIPS Bond ETF

PIMCO Broad US TIPS Index ETF

Often compared with STIP:
STIP vs. VTIPSTIP vs. TIPSTIP vs. SCHPSTIP vs. SCHOSTIP vs. BNDSTIP vs. SCHRSTIP vs. STPZ
Often compared with TIPZ:
TIPZ vs. TIPTIPZ vs. TIPXTIPZ vs. ITPS.LTIPZ vs. TDTTTIPZ vs. VTIPTIPZ vs. RINFTIPZ vs. MINT

Return for Risk

STIP vs. TIPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
STIP
STIP Risk / Return Rank: 9393
Overall Rank
STIP Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
STIP Sortino Ratio Rank: 9696
Sortino Ratio Rank
STIP Omega Ratio Rank: 9494
Omega Ratio Rank
STIP Calmar Ratio Rank: 9393
Calmar Ratio Rank
STIP Martin Ratio Rank: 9494
Martin Ratio Rank
TIPZ
TIPZ Risk / Return Rank: 4040
Overall Rank
TIPZ Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
TIPZ Sortino Ratio Rank: 3737
Sortino Ratio Rank
TIPZ Omega Ratio Rank: 3737
Omega Ratio Rank
TIPZ Calmar Ratio Rank: 4848
Calmar Ratio Rank
TIPZ Martin Ratio Rank: 4545
Martin Ratio Rank
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. TIPZ - 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 Broad US TIPS Index ETF (TIPZ). 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.

STIPTIPZDifference
Sharpe ratioReturn per unit of total volatility
3.23
1.31

+1.92

Sortino ratioReturn per unit of downside risk
5.59
1.93

+3.65

Omega ratioGain probability vs. loss probability

1.69

1.24

+0.45

Calmar ratioReturn relative to maximum drawdown

6.76

2.36

+4.40

Martin ratioReturn relative to average drawdown

26.37

7.37

+18.99

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. TIPZ - Sharpe Ratio Comparison

The current STIP Sharpe Ratio is 3.23, which is higher than the TIPZ Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of STIP and TIPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

STIPTIPZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.23

1.31

+1.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.23

0.12

+1.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.30

0.43

+0.87

Sharpe Ratio (All Time)

Calculated using the full available price history

1.07

0.53

+0.54

Drawdowns

STIP vs. TIPZ - Drawdown Comparison

The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for STIP and TIPZ.

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Drawdown Indicators

STIPTIPZDifference

Max Drawdown

Largest peak-to-trough decline

-5.50%

-15.77%

+10.27%

Max Drawdown (1Y)

Largest decline over 1 year

-0.69%

-2.18%

+1.49%

Max Drawdown (3Y)

Largest decline over 3 years

-0.95%

-4.74%

+3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-5.50%

-15.77%

+10.27%

Max Drawdown (10Y)

Largest decline over 10 years

-5.50%

-15.77%

+10.27%

Current Drawdown

Current decline from peak

-0.03%

-1.44%

+1.41%

Average Drawdown

Average peak-to-trough decline

-0.99%

-4.33%

+3.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.18%

0.70%

-0.52%

Volatility

STIP vs. TIPZ - Volatility Comparison

The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.40%, while PIMCO Broad US TIPS Index ETF (TIPZ) has a volatility of 0.96%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

STIPTIPZDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.40%

0.96%

-0.56%

Volatility (6M)

Calculated over the trailing 6-month period

0.99%

2.88%

-1.89%

Volatility (1Y)

Calculated over the trailing 1-year period

1.46%

3.92%

-2.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.75%

6.37%

-3.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.45%

5.84%

-3.39%

STIP vs. TIPZ - Expense Ratio Comparison

STIP has a 0.06% expense ratio, which is lower than TIPZ'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%.

Dividends

STIP vs. TIPZ - Dividend Comparison

STIP's dividend yield for the trailing twelve months is around 4.30%, less than TIPZ's 5.11% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
TIPZ
PIMCO Broad US TIPS Index ETF		5.11%4.74%4.44%4.69%7.14%4.41%1.47%1.65%2.23%1.70%1.06%0.56%

Frequently Asked Questions

STIP and TIPZ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TIPZ has higher volatility (0.96%) compared to STIP (0.40%). In terms of maximum drawdown, STIP dropped -5.50% vs TIPZ's -15.77%.

On 10-year performance, STIP leads with 3.18% vs 2.49% for TIPZ. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, STIP has performed better with a 3.18% return vs 2.49%. 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 0.20% for TIPZ.

TIPZ has the higher dividend yield at 5.11%, compared with 4.30% for STIP.

STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while TIPZ tracks ICE BofA US Inflation-Linked Treasury. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.06% for STIP and 0.20% for TIPZ.

STIP currently has the higher Sharpe Ratio (3.23 vs 1.31), 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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