TDTF vs. TIP
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and TIP (iShares TIPS Bond ETF) are both Inflation-Protected Bonds funds - TDTF tracks the iBoxx 5-Year Target Duration TIPS while TIP tracks the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past 10 years, TDTF returned 2.82%/yr vs 2.35%/yr for TIP. Their correlation of 0.89 means they have usually moved in the same direction. Both charge a 0.18% expense ratio.
Performance
TDTF vs. TIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDTF achieves a 1.01% return, which is significantly higher than TIP's 0.73% return. Over the past 10 years, TDTF has outperformed TIP with an annualized return of 2.82%, while TIP has yielded a comparatively lower 2.35% 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%
TIP
- 1D
- 0.18%
- 1M
- -0.46%
- 6M
- 0.31%
- YTD
- 0.73%
- 1Y
- 1.69%
- 3Y*
- 3.74%
- 5Y*
- 0.28%
- 10Y*
- 2.35%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.31M | $3.20M | $4.11M | |
| $236.68M | $186.36M | $220.38M |
TDTF vs. TIP - 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% |
TIP iShares TIPS Bond ETF | 0.73% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between TDTF and TIP is 0.92, 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. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011 | 0.89 |
The correlation between TDTF and TIP has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDTF vs. TIP — Risk / Return Rank
TDTF
TIP
TDTF vs. TIP - 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 TIPS Bond ETF (TIP). 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 | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.09 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.86 | +0.42 |
| Martin ratioReturn relative to average drawdown | 3.21 | 2.27 | +0.94 |
Loading charts...
Drawdowns
TDTF vs. TIP - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, smaller than the maximum TIP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for TDTF and TIP.
Loading charts...
Drawdown Indicators
| TDTF | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -14.57% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -1.98% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -3.71% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -14.51% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | -14.51% | +2.49% |
Current DrawdownCurrent decline from peak | -1.07% | -1.12% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -3.41% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.75% | -0.12% |
Volatility
TDTF vs. TIP - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and iShares TIPS Bond ETF (TIP) have volatilities of 0.71% and 0.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TDTF | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.72% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 2.51% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 3.32% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 6.20% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 5.72% | -0.65% |
TDTF vs. TIP - Expense Ratio Comparison
Both TDTF and TIP have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TDTF vs. TIP - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 5.84%, more than TIP's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIP iShares TIPS Bond ETF | 4.97% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
With a correlation of 0.92, TDTF and TIP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TIP has higher volatility (0.72%) compared to TDTF (0.71%). In terms of maximum drawdown, TDTF dropped -12.02% vs TIP's -14.57%.
On 10-year performance, TDTF leads with 2.82% vs 2.35% for TIP. Both ETFs have the same 0.18% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TDTF has performed better with a 2.82% return vs 2.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTF and TIP have the same expense ratio: 0.18% per year.
TDTF has the higher dividend yield at 5.84%, compared with 4.97% for TIP.
TDTF tracks iBoxx 5-Year Target Duration TIPS, while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: Northern Trust and iShares.
TDTF currently has the higher Sharpe Ratio (0.67 vs 0.51), 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.
Find the right allocation for TDTF and TIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer