STIP vs. WIP
STIP (iShares 0-5 Year TIPS Bond ETF) and WIP (SPDR FTSE International Government Inflation-Protected Bond 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 WIP tracks the FTSE International Inflation-Linked Securities Select (USD). Both are passively managed. Over the past 10 years, STIP returned 3.18%/yr vs 1.61%/yr for WIP. At a 0.35 correlation, their price movements are largely independent. STIP charges 0.06%/yr vs 0.50%/yr for WIP.
Performance
STIP vs. WIP - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 2.04% return, which is significantly lower than WIP's 4.31% return. Over the past 10 years, STIP has outperformed WIP with an annualized return of 3.18%, while WIP has yielded a comparatively lower 1.61% 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%
WIP
- 1D
- -0.72%
- 1M
- 0.70%
- YTD
- 4.31%
- 6M
- 4.96%
- 1Y
- 10.26%
- 3Y*
- 5.08%
- 5Y*
- -0.70%
- 10Y*
- 1.61%
STIP vs. WIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 4.31% | 15.18% | -8.71% | 8.84% | -15.54% | -4.15% | 8.37% | 8.62% | -5.97% | 12.73% |
Correlation
The correlation between STIP and WIP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.35 |
The correlation between STIP and WIP shifts across timeframes, from 0.19 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
STIP vs. WIP — Risk / Return Rank
STIP
WIP
STIP vs. WIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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 | WIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.20 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 6.76 | 2.00 | +4.77 |
| Martin ratioReturn relative to average drawdown | 26.37 | 5.98 | +20.39 |
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 | WIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.23 | 1.18 | +2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | -0.06 | +1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.30 | 0.16 | +1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.12 | +0.95 |
Drawdowns
STIP vs. WIP - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum WIP drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for STIP and WIP.
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Drawdown Indicators
| STIP | WIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -29.60% | +24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -5.16% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -11.16% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -28.84% | +23.34% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | -28.84% | +23.34% |
Current DrawdownCurrent decline from peak | -0.03% | -3.87% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -8.58% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 1.72% | -1.54% |
Volatility
STIP vs. WIP - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.40%, while SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a volatility of 2.95%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than WIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | WIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 2.95% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 6.89% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 8.72% | -7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 11.45% | -8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 10.16% | -7.71% |
STIP vs. WIP - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than WIP's 0.50% expense ratio.
Dividends
STIP vs. WIP - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.30%, less than WIP's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.79% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
Frequently Asked Questions
STIP and WIP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIP has higher volatility (2.95%) compared to STIP (0.40%). In terms of maximum drawdown, STIP dropped -5.50% vs WIP's -29.60%.
On 10-year performance, STIP leads with 3.18% vs 1.61% for WIP. 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 1.61%. 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 WIP.
WIP has the higher dividend yield at 5.79%, compared with 4.30% for STIP.
STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while WIP tracks FTSE International Inflation-Linked Securities Select (USD). They also come from different issuers: iShares and State Street. Their fees differ too: 0.06% for STIP and 0.50% for WIP.
STIP currently has the higher Sharpe Ratio (3.23 vs 1.18), 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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