TDTF vs. STIP
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds - TDTF tracks the iBoxx 5-Year Target Duration TIPS while STIP tracks the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Both are passively managed. Over the past 10 years, TDTF returned 2.82%/yr vs 3.12%/yr for STIP. Their correlation of 0.83 means they have usually moved in the same direction. TDTF charges 0.18%/yr vs 0.06%/yr for STIP.
Performance
TDTF vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, TDTF achieves a 1.01% return, which is significantly lower than STIP's 1.81% return. Over the past 10 years, TDTF has underperformed STIP with an annualized return of 2.82%, while STIP has yielded a comparatively higher 3.12% annualized return.
TDTF
- 1D
- 0.11%
- 1M
- -0.12%
- 6M
- 0.53%
- YTD
- 1.01%
- 1Y
- 2.01%
- 3Y*
- 4.41%
- 5Y*
- 1.18%
- 10Y*
- 2.82%
- ALL TIME*
- 2.23%
STIP
- 1D
- 0.02%
- 1M
- 0.13%
- 6M
- 1.38%
- YTD
- 1.81%
- 1Y
- 2.94%
- 3Y*
- 5.01%
- 5Y*
- 3.14%
- 10Y*
- 3.12%
- ALL TIME*
- 2.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $93.34M | $81.47M | $100.99M | |
| $3.31M | $3.20M | $4.11M |
TDTF vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.01% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 7.99% | -0.82% | 1.93% |
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% |
Correlation
The correlation between TDTF and STIP is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011 | 0.83 |
The correlation between TDTF and STIP has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
TDTF vs. STIP — Risk / Return Rank
TDTF
STIP
TDTF vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and iShares 0-5 Year TIPS Bond ETF (STIP). 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.
| TDTF | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 4.08 | -2.80 |
| Martin ratioReturn relative to average drawdown | 3.21 | 12.97 | -9.76 |
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Drawdowns
TDTF vs. STIP - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for TDTF and STIP.
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Drawdown Indicators
| TDTF | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -5.50% | -6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -0.73% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -0.95% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -5.50% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | -5.50% | -6.52% |
Current DrawdownCurrent decline from peak | -1.07% | -0.25% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -0.99% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.23% | +0.40% |
Volatility
TDTF vs. STIP - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) has a higher volatility of 0.71% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.35%. This indicates that TDTF's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDTF | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.35% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 1.16% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 1.47% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 2.74% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 2.45% | +2.62% |
TDTF vs. STIP - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is higher than STIP's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TDTF vs. STIP - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 5.84%, more than STIP's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 5.37% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 5.84% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Frequently Asked Questions
TDTF and STIP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDTF has higher volatility (0.71%) compared to STIP (0.35%). In terms of maximum drawdown, TDTF dropped -12.02% vs STIP's -5.50%.
On 10-year performance, STIP leads with 3.12% vs 2.82% for TDTF. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.35%. 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 3.12% return vs 2.82%. 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 0.18% for TDTF.
TDTF has the higher dividend yield at 5.84%, compared with 5.37% for STIP.
TDTF tracks iBoxx 5-Year Target Duration TIPS, while STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.18% for TDTF and 0.06% for STIP.
STIP currently has the higher Sharpe Ratio (2.01 vs 0.67), 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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