TIP vs. PG
TIP (iShares TIPS Bond ETF) is Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while PG (The Procter & Gamble Company) is a stock. Over the past 10 years, TIP returned 2.53%/yr vs 8.96%/yr for PG. At a correlation of -0.04, they often move in opposite directions.
Performance
TIP vs. PG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TIP achieves a 1.40% return, which is significantly lower than PG's 5.93% return. Over the past 10 years, TIP has underperformed PG with an annualized return of 2.53%, while PG has yielded a comparatively higher 8.96% annualized return.
TIP
- 1D
- 0.01%
- 1M
- -0.21%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.61%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
PG
- 1D
- 0.86%
- 1M
- 5.18%
- YTD
- 5.93%
- 6M
- 6.28%
- 1Y
- -5.68%
- 3Y*
- 3.69%
- 5Y*
- 4.73%
- 10Y*
- 8.96%
TIP vs. PG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 1.40% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
PG The Procter & Gamble Company | 5.93% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
Correlation
The correlation between TIP and PG is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2003 | -0.04 |
The correlation between TIP and PG shifts across timeframes, from -0.04 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TIP vs. PG — Risk / Return Rank
TIP
PG
TIP vs. PG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and The Procter & Gamble Company (PG). 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 | PG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.97 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | -0.37 | +2.71 |
| Martin ratioReturn relative to average drawdown | 7.00 | -0.68 | +7.68 |
Loading charts...
Drawdowns
TIP vs. PG - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum PG drawdown of -54.25%. Use the drawdown chart below to compare losses from any high point for TIP and PG.
Loading charts...
Drawdown Indicators
| TIP | PG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -54.25% | +39.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -15.52% | +13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -21.15% | +16.61% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -23.77% | +9.26% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -23.77% | +9.26% |
Current DrawdownCurrent decline from peak | -0.46% | -13.29% | +12.83% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -12.16% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 8.80% | -8.14% |
Volatility
TIP vs. PG - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 1.03%, while The Procter & Gamble Company (PG) has a volatility of 6.99%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than PG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIP | PG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 6.99% | -5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 15.01% | -12.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 18.78% | -15.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 17.82% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 19.05% | -13.31% |
Dividends
TIP vs. PG - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, more than PG's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 2.85% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
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 PG have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PG has higher volatility (6.99%) compared to TIP (1.03%). In terms of maximum drawdown, TIP dropped -14.57% vs PG's -54.25%.
TIP currently has the higher Sharpe Ratio (1.37 vs -0.30), 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.
Find the right allocation for TIP and PG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer