TIP vs. IJT
TIP (iShares TIPS Bond ETF) and IJT (iShares S&P SmallCap 600 Growth ETF) are both exchange-traded funds - TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while IJT is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index. Both are passively managed. Over the past 10 years, TIP returned 2.33%/yr vs 11.03%/yr for IJT. Their -0.09 correlation means they have often moved in opposite directions in the past. Both charge a 0.18% expense ratio.
Performance
TIP vs. IJT - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 0.55% return, which is significantly lower than IJT's 24.93% return. Over the past 10 years, TIP has underperformed IJT with an annualized return of 2.33%, while IJT has yielded a comparatively higher 11.03% annualized return.
TIP
- 1D
- 0.01%
- 1M
- -0.63%
- 6M
- 0.29%
- YTD
- 0.55%
- 1Y
- 1.81%
- 3Y*
- 3.68%
- 5Y*
- 0.17%
- 10Y*
- 2.33%
- ALL TIME*
- 3.46%
IJT
- 1D
- 1.80%
- 1M
- -0.05%
- 6M
- 17.88%
- YTD
- 24.93%
- 1Y
- 34.82%
- 3Y*
- 15.10%
- 5Y*
- 7.04%
- 10Y*
- 11.03%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.87M | $35.40M | $31.70M | |
| $227.34M | $183.15M | $219.02M |
TIP vs. IJT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 0.55% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
IJT iShares S&P SmallCap 600 Growth ETF | 24.93% | 5.26% | 9.33% | 17.11% | -21.32% | 22.37% | 19.22% | 20.98% | -4.40% | 14.47% |
Correlation
The correlation between TIP and IJT is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.09 |
The correlation between TIP and IJT shifts across timeframes, from -0.09 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TIP vs. IJT — Risk / Return Rank
TIP
IJT
TIP vs. IJT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and iShares S&P SmallCap 600 Growth ETF (IJT). 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 | IJT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.85 | -2.93 |
| Martin ratioReturn relative to average drawdown | 2.43 | 13.03 | -10.59 |
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Drawdowns
TIP vs. IJT - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum IJT drawdown of -57.61%. Use the drawdown chart below to compare losses from any high point for TIP and IJT.
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Drawdown Indicators
| TIP | IJT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -57.61% | +43.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -9.08% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.71% | -27.41% | +23.70% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -29.24% | +14.73% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -42.03% | +27.52% |
Current DrawdownCurrent decline from peak | -1.29% | -1.56% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -10.25% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.68% | -1.94% |
Volatility
TIP vs. IJT - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 0.71%, while iShares S&P SmallCap 600 Growth ETF (IJT) has a volatility of 4.45%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than IJT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | IJT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.45% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 13.00% | -10.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 17.84% | -14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.20% | 21.50% | -15.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.72% | 23.01% | -17.29% |
TIP vs. IJT - Expense Ratio Comparison
Both TIP and IJT 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
TIP vs. IJT - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 4.98%, more than IJT's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJT iShares S&P SmallCap 600 Growth ETF | 0.69% | 0.91% | 1.06% | 1.02% | 1.08% | 0.63% | 0.68% | 0.92% | 0.92% | 0.86% | 1.03% | 1.14% |
TIP iShares TIPS Bond ETF | 4.98% | 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 IJT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJT has higher volatility (4.45%) compared to TIP (0.71%). In terms of maximum drawdown, TIP dropped -14.57% vs IJT's -57.61%.
On 10-year performance, IJT leads with 11.03% vs 2.33% for TIP. Both ETFs have the same 0.18% expense ratio. On volatility, TIP has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IJT has performed better with a 11.03% return vs 2.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP and IJT have the same expense ratio: 0.18% per year.
TIP has the higher dividend yield at 4.98%, compared with 0.69% for IJT.
TIP is categorized as Inflation-Protected Bonds, while IJT is Small Cap Growth Equities. TIP tracks ICE U.S. Treasury Inflation Linked Bond Index, while IJT tracks S&P SmallCap 600 Growth Index.
IJT currently has the higher Sharpe Ratio (1.96 vs 0.55), 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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