TIP vs. IBIT
TIP (iShares TIPS Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, TIP returned 4.96% vs -38.74% for IBIT. At a 0.06 correlation, their price movements are largely independent. TIP charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
TIP vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 1.54% return, which is significantly higher than IBIT's -25.48% return.
TIP
- 1D
- -0.18%
- 1M
- -0.09%
- YTD
- 1.54%
- 6M
- 1.06%
- 1Y
- 4.96%
- 3Y*
- 3.88%
- 5Y*
- 0.97%
- 10Y*
- 2.57%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIP vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TIP iShares TIPS Bond ETF | 1.54% | 6.77% | 1.80% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between TIP and IBIT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.06 |
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Return for Risk
TIP vs. IBIT — Risk / Return Rank
TIP
IBIT
TIP vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and iShares Bitcoin Trust ETF (IBIT). 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.
| TIP | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.86 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.79 | +3.31 |
| Martin ratioReturn relative to average drawdown | 7.57 | -1.36 | +8.94 |
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
| TIP | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | -0.89 | +2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.30 | +0.28 |
Drawdowns
TIP vs. IBIT - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for TIP and IBIT.
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Drawdown Indicators
| TIP | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -49.36% | +34.79% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -49.36% | +47.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | — | — |
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 | -0.32% | -48.10% | +47.78% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -16.02% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 28.44% | -27.78% |
Volatility
TIP vs. IBIT - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 0.89%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 9.50% | -8.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 34.44% | -32.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 43.73% | -40.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 50.19% | -43.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 50.19% | -44.45% |
TIP vs. IBIT - Expense Ratio Comparison
TIP has a 0.18% expense ratio, which is lower than IBIT's 0.25% 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. IBIT - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 3.76% | 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 IBIT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to TIP (0.89%). In terms of maximum drawdown, TIP dropped -14.57% vs IBIT's -49.36%.
On 1-year performance, TIP leads with 4.96% vs -38.74% for IBIT. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TIP has performed better with a 4.96% return vs -38.74%. 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 0.25% for IBIT.
TIP has the higher dividend yield at 3.76%, compared with 0.00% for IBIT.
TIP is categorized as Inflation-Protected Bonds, while IBIT is Cryptocurrency. TIP tracks ICE U.S. Treasury Inflation Linked Bond Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.18% for TIP and 0.25% for IBIT.
TIP currently has the higher Sharpe Ratio (1.46 vs -0.89), 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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