TIP vs. IVE
TIP (iShares TIPS Bond ETF) and IVE (iShares S&P 500 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 IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, TIP returned 2.48%/yr vs 11.62%/yr for IVE. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.18% expense ratio.
Performance
TIP vs. IVE - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 1.06% return, which is significantly lower than IVE's 7.22% return. Over the past 10 years, TIP has underperformed IVE with an annualized return of 2.48%, while IVE has yielded a comparatively higher 11.62% annualized return.
TIP
- 1D
- -0.48%
- 1M
- -0.57%
- YTD
- 1.06%
- 6M
- 0.88%
- 1Y
- 4.37%
- 3Y*
- 3.65%
- 5Y*
- 0.88%
- 10Y*
- 2.48%
IVE
- 1D
- -1.15%
- 1M
- 0.79%
- YTD
- 7.22%
- 6M
- 7.77%
- 1Y
- 21.32%
- 3Y*
- 15.38%
- 5Y*
- 10.49%
- 10Y*
- 11.62%
TIP vs. IVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 1.06% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
IVE iShares S&P 500 Value ETF | 7.22% | 13.02% | 12.03% | 22.07% | -5.41% | 24.72% | 1.22% | 31.62% | -9.22% | 15.24% |
Correlation
The correlation between TIP and IVE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2003 | -0.11 |
The correlation between TIP and IVE shifts across timeframes, from -0.11 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIP vs. IVE — Risk / Return Rank
TIP
IVE
TIP vs. IVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and iShares S&P 500 Value ETF (IVE). 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 | IVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.46 | -1.24 |
| Martin ratioReturn relative to average drawdown | 6.71 | 13.19 | -6.48 |
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 | IVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.17 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.73 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.69 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.39 | +0.17 |
Drawdowns
TIP vs. IVE - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for TIP and IVE.
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Drawdown Indicators
| TIP | IVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -61.32% | +46.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -6.19% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -17.58% | +13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -18.04% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -37.04% | +22.53% |
Current DrawdownCurrent decline from peak | -0.79% | -1.15% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -10.10% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.62% | -0.97% |
Volatility
TIP vs. IVE - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 1.01%, while iShares S&P 500 Value ETF (IVE) has a volatility of 2.39%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than IVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | IVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.39% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 7.17% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 9.88% | -6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 14.41% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 16.96% | -11.22% |
TIP vs. IVE - Expense Ratio Comparison
Both TIP and IVE 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. IVE - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.77%, more than IVE's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVE iShares S&P 500 Value ETF | 1.52% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
TIP iShares TIPS Bond ETF | 3.77% | 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 IVE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVE has higher volatility (2.39%) compared to TIP (1.01%). In terms of maximum drawdown, TIP dropped -14.57% vs IVE's -61.32%.
On 10-year performance, IVE leads with 11.62% vs 2.48% for TIP. Both ETFs have the same 0.18% expense ratio. On volatility, TIP has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IVE has performed better with a 11.62% return vs 2.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP and IVE have the same expense ratio: 0.18% per year.
TIP has the higher dividend yield at 3.77%, compared with 1.52% for IVE.
TIP is categorized as Inflation-Protected Bonds, while IVE is Large Cap Value Equities. TIP tracks ICE U.S. Treasury Inflation Linked Bond Index, while IVE tracks S&P 500 Value Index.
IVE currently has the higher Sharpe Ratio (2.17 vs 1.28), 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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