TIP vs. PHM
TIP (iShares TIPS Bond ETF) is Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while PHM (PulteGroup, Inc.) is a stock. Over the past 10 years, TIP returned 2.57%/yr vs 21.52%/yr for PHM. At a 0.02 correlation, their price movements are largely independent.
Performance
TIP vs. PHM - 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 PHM's 0.17% return. Over the past 10 years, TIP has underperformed PHM with an annualized return of 2.57%, while PHM has yielded a comparatively higher 21.52% annualized 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%
PHM
- 1D
- -0.48%
- 1M
- 1.79%
- YTD
- 0.17%
- 6M
- -9.69%
- 1Y
- 19.74%
- 3Y*
- 20.02%
- 5Y*
- 16.65%
- 10Y*
- 21.52%
TIP vs. PHM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 1.54% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
PHM PulteGroup, Inc. | 0.17% | 8.54% | 6.22% | 128.76% | -19.22% | 34.03% | 12.55% | 51.33% | -20.76% | 83.43% |
Correlation
The correlation between TIP and PHM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2003 | 0.02 |
Over the past year, TIP and PHM have become more correlated (0.32) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
TIP vs. PHM — Risk / Return Rank
TIP
PHM
TIP vs. PHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and PulteGroup, Inc. (PHM). 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 | PHM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 0.88 | +1.65 |
| Martin ratioReturn relative to average drawdown | 7.57 | 1.75 | +5.83 |
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 | PHM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.58 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.48 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.26 | +0.32 |
Drawdowns
TIP vs. PHM - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum PHM drawdown of -92.40%. Use the drawdown chart below to compare losses from any high point for TIP and PHM.
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Drawdown Indicators
| TIP | PHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -92.40% | +77.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -22.60% | +20.62% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -38.01% | +33.47% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -38.01% | +23.50% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -62.11% | +47.60% |
Current DrawdownCurrent decline from peak | -0.32% | -20.41% | +20.09% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -35.49% | +32.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 11.33% | -10.67% |
Volatility
TIP vs. PHM - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 0.89%, while PulteGroup, Inc. (PHM) has a volatility of 8.08%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than PHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | PHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 8.08% | -7.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 23.17% | -20.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 33.98% | -30.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 34.63% | -28.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 36.46% | -30.72% |
Dividends
TIP vs. PHM - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, more than PHM's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHM PulteGroup, Inc. | 0.82% | 0.78% | 0.75% | 0.66% | 1.34% | 1.00% | 1.16% | 1.16% | 1.46% | 1.08% | 1.96% | 1.85% |
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 PHM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHM has higher volatility (8.08%) compared to TIP (0.89%). In terms of maximum drawdown, TIP dropped -14.57% vs PHM's -92.40%.
TIP currently has the higher Sharpe Ratio (1.46 vs 0.58), 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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