TIP vs. DFIV
TIP (iShares TIPS Bond ETF) and DFIV (Dimensional International Value ETF) are both exchange-traded funds - TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while DFIV is a Foreign Large Cap Equities fund actively managed by Dimensional. TIP is passively managed, while DFIV is actively managed. Over the past 3 years, TIP returned 3.60%/yr vs 22.47%/yr for DFIV. At a 0.21 correlation, their price movements are largely independent. TIP charges 0.18%/yr vs 0.27%/yr for DFIV.
Performance
TIP vs. DFIV - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 0.86% return, which is significantly lower than DFIV's 11.32% return.
TIP
- 1D
- -0.67%
- 1M
- -0.17%
- YTD
- 0.86%
- 6M
- 0.82%
- 1Y
- 3.81%
- 3Y*
- 3.60%
- 5Y*
- 0.88%
- 10Y*
- 2.47%
DFIV
- 1D
- -1.00%
- 1M
- 0.11%
- YTD
- 11.32%
- 6M
- 13.32%
- 1Y
- 34.26%
- 3Y*
- 22.47%
- 5Y*
- —
- 10Y*
- —
TIP vs. DFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 0.86% | 6.77% | 1.65% | 3.80% | -12.26% | 1.25% |
DFIV Dimensional International Value ETF | 11.32% | 45.36% | 7.26% | 17.75% | -3.70% | 0.50% |
Correlation
The correlation between TIP and DFIV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2021 | 0.21 |
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Return for Risk
TIP vs. DFIV — Risk / Return Rank
TIP
DFIV
TIP vs. DFIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and Dimensional International Value ETF (DFIV). 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 | DFIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.56 | -1.63 |
| Martin ratioReturn relative to average drawdown | 5.75 | 13.69 | -7.93 |
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Drawdowns
TIP vs. DFIV - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum DFIV drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for TIP and DFIV.
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Drawdown Indicators
| TIP | DFIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -25.42% | +10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -9.66% | +7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -14.72% | +10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -1.21% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -4.45% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.51% | -1.85% |
Volatility
TIP vs. DFIV - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 1.18%, while Dimensional International Value ETF (DFIV) has a volatility of 4.32%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than DFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | DFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 4.32% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 11.47% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 14.10% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.20% | 16.64% | -10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 16.64% | -10.90% |
TIP vs. DFIV - Expense Ratio Comparison
TIP has a 0.18% expense ratio, which is lower than DFIV's 0.27% 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
TIP vs. DFIV - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.78%, more than DFIV's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIV Dimensional International Value ETF | 2.56% | 2.92% | 3.88% | 3.93% | 3.84% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 3.78% | 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 DFIV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFIV has higher volatility (4.32%) compared to TIP (1.18%). In terms of maximum drawdown, TIP dropped -14.57% vs DFIV's -25.42%.
On 3-year performance, DFIV leads with 22.47% vs 3.60% for TIP. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFIV has performed better with a 22.47% return vs 3.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.18% expense ratio, compared with 0.27% for DFIV.
TIP has the higher dividend yield at 3.78%, compared with 2.56% for DFIV.
TIP is categorized as Inflation-Protected Bonds, while DFIV is Foreign Large Cap Equities. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.18% for TIP and 0.27% for DFIV.
DFIV currently has the higher Sharpe Ratio (2.45 vs 1.12), 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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