TIP vs. BG
TIP (iShares TIPS Bond ETF) is Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while BG (Bunge Limited) is a stock. Over the past 10 years, TIP returned 2.37%/yr vs 8.51%/yr for BG. Their -0.05 correlation means they have often moved in opposite directions in the past.
Performance
TIP vs. BG - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 0.54% return, which is significantly lower than BG's 20.66% return. Over the past 10 years, TIP has underperformed BG with an annualized return of 2.37%, while BG has yielded a comparatively higher 8.51% annualized return.
TIP
- 1D
- -0.10%
- 1M
- -0.50%
- 6M
- 0.02%
- YTD
- 0.54%
- 1Y
- 2.51%
- 3Y*
- 3.73%
- 5Y*
- 0.16%
- 10Y*
- 2.37%
- ALL TIME*
- 3.46%
BG
- 1D
- 1.10%
- 1M
- 1.28%
- 6M
- -5.62%
- YTD
- 20.66%
- 1Y
- 36.94%
- 3Y*
- 2.24%
- 5Y*
- 9.51%
- 10Y*
- 8.51%
- ALL TIME*
- 10.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $168.20M | $156.93M | $196.43M | |
| $209.70M | $179.93M | $215.65M |
TIP vs. BG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 0.54% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
BG Bunge Limited | 20.66% | 18.56% | -20.74% | 3.79% | 9.28% | 46.77% | 18.92% | 11.77% | -17.99% | -4.76% |
Correlation
The correlation between TIP and BG is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.05 |
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Return for Risk
TIP vs. BG — Risk / Return Rank
TIP
BG
TIP vs. BG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and Bunge Limited (BG). 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.
| TIP | BG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.84 | -0.57 |
| Martin ratioReturn relative to average drawdown | 3.39 | 5.72 | -2.33 |
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Drawdowns
TIP vs. BG - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum BG drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for TIP and BG.
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Drawdown Indicators
| TIP | BG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -77.34% | +62.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -20.18% | +18.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.71% | -38.82% | +35.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -41.49% | +26.98% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -60.49% | +45.98% |
Current DrawdownCurrent decline from peak | -1.31% | -19.16% | +17.85% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -28.79% | +25.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 6.47% | -5.73% |
Volatility
TIP vs. BG - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 0.73%, while Bunge Limited (BG) has a volatility of 12.25%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than BG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | BG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 12.25% | -11.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 22.14% | -19.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 31.79% | -28.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 29.58% | -23.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 31.10% | -25.38% |
Dividends
TIP vs. BG - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 4.46%, more than BG's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BG Bunge Limited | 2.65% | 3.12% | 3.48% | 2.55% | 2.31% | 2.76% | 3.05% | 3.48% | 3.59% | 2.62% | 2.21% | 2.11% |
TIP iShares TIPS Bond ETF | 4.46% | 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
TIP and BG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BG has higher volatility (12.25%) compared to TIP (0.73%). In terms of maximum drawdown, TIP dropped -14.57% vs BG's -77.34%.
BG currently has the higher Sharpe Ratio (1.17 vs 0.74), 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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