TIP vs. IWF
TIP (iShares TIPS Bond ETF) and IWF (iShares Russell 1000 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 IWF is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Both are passively managed. Over the past 10 years, TIP returned 2.50%/yr vs 18.15%/yr for IWF. At a correlation of -0.08, they often move in opposite directions. Both charge a 0.18% expense ratio.
Performance
TIP vs. IWF - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 1.39% return, which is significantly lower than IWF's 2.83% return. Over the past 10 years, TIP has underperformed IWF with an annualized return of 2.50%, while IWF has yielded a comparatively higher 18.15% annualized return.
TIP
- 1D
- 0.36%
- 1M
- -0.22%
- YTD
- 1.39%
- 6M
- 1.25%
- 1Y
- 4.90%
- 3Y*
- 3.82%
- 5Y*
- 0.91%
- 10Y*
- 2.50%
IWF
- 1D
- 1.57%
- 1M
- -1.44%
- YTD
- 2.83%
- 6M
- 1.71%
- 1Y
- 19.30%
- 3Y*
- 22.57%
- 5Y*
- 13.90%
- 10Y*
- 18.15%
TIP vs. IWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 1.39% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
IWF iShares Russell 1000 Growth ETF | 2.83% | 18.33% | 33.12% | 42.59% | -29.31% | 27.43% | 38.25% | 35.86% | -1.67% | 29.95% |
Correlation
The correlation between TIP and IWF is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.08 |
The correlation between TIP and IWF shifts across timeframes, from -0.08 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TIP vs. IWF — Risk / Return Rank
TIP
IWF
TIP vs. IWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and iShares Russell 1000 Growth ETF (IWF). 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 | IWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.19 | +1.30 |
| Martin ratioReturn relative to average drawdown | 7.44 | 3.93 | +3.51 |
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Drawdowns
TIP vs. IWF - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum IWF drawdown of -64.25%. Use the drawdown chart below to compare losses from any high point for TIP and IWF.
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Drawdown Indicators
| TIP | IWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -64.25% | +49.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -16.27% | +14.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -23.36% | +18.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -32.72% | +18.21% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -32.72% | +18.21% |
Current DrawdownCurrent decline from peak | -0.47% | -5.59% | +5.12% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -22.06% | +18.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 4.92% | -4.26% |
Volatility
TIP vs. IWF - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 1.03%, while iShares Russell 1000 Growth ETF (IWF) has a volatility of 5.43%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | IWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 5.43% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 12.40% | -10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 15.96% | -12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 21.47% | -15.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 21.01% | -15.27% |
TIP vs. IWF - Expense Ratio Comparison
Both TIP and IWF 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. IWF - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, more than IWF's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWF iShares Russell 1000 Growth ETF | 0.35% | 0.36% | 0.46% | 0.67% | 0.91% | 0.49% | 0.66% | 0.99% | 1.27% | 1.10% | 1.43% | 1.37% |
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 IWF have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWF has higher volatility (5.43%) compared to TIP (1.03%). In terms of maximum drawdown, TIP dropped -14.57% vs IWF's -64.25%.
On 10-year performance, IWF leads with 18.15% vs 2.50% for TIP. Both ETFs have the same 0.18% expense ratio. On volatility, TIP has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IWF has performed better with a 18.15% return vs 2.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP and IWF have the same expense ratio: 0.18% per year.
TIP has the higher dividend yield at 3.76%, compared with 0.35% for IWF.
TIP is categorized as Inflation-Protected Bonds, while IWF is Large Cap Growth Equities. TIP tracks ICE U.S. Treasury Inflation Linked Bond Index, while IWF tracks Russell 1000 Growth Index.
TIP currently has the higher Sharpe Ratio (1.45 vs 1.21), 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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