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TIP vs. PHM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TIP vs. PHM

Last updated Jun 24, 2026

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 2.43%/yr vs 22.68%/yr for PHM. At a 0.03 correlation, their price movements are largely independent.

Performance

TIP vs. PHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares TIPS Bond ETF (TIP) and PulteGroup, Inc. (PHM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TIP achieves a 0.74% return, which is significantly lower than PHM's 8.38% return. Over the past 10 years, TIP has underperformed PHM with an annualized return of 2.43%, while PHM has yielded a comparatively higher 22.68% annualized return.

TIP

1D
-0.04%
1M
-0.19%
YTD
0.74%
6M
0.81%
1Y
3.34%
3Y*
3.52%
5Y*
0.82%
10Y*
2.43%

PHM

1D
0.74%
1M
8.92%
YTD
8.38%
6M
8.27%
1Y
21.66%
3Y*
19.30%
5Y*
19.96%
10Y*
22.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TIP vs. PHM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TIP
iShares TIPS Bond ETF		0.74%6.77%1.65%3.80%-12.26%5.68%10.84%8.35%-1.42%2.92%
PHM
PulteGroup, Inc.		8.38%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 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

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 5, 2003

0.03

Over the past year, TIP and PHM have become more correlated (0.34) than their long-term average of 0.03, meaning their price movements have been converging.

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iShares TIPS Bond ETF

PulteGroup, Inc.

Often compared with TIP:
TIP vs. SCHPTIP vs. VTIPTIP vs. SGOVTIP vs. STIPTIP vs. FIPDXTIP vs. IEFTIP vs. BND
Often compared with PHM:
PHM vs. DHIPHM vs. KBHPHM vs. MHOPHM vs. SKYPHM vs. GRBKPHM vs. SSDPHM vs. ATEC

Return for Risk

TIP vs. PHM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TIP
TIP Risk / Return Rank: 3030
Overall Rank
TIP Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
TIP Sortino Ratio Rank: 2828
Sortino Ratio Rank
TIP Omega Ratio Rank: 2525
Omega Ratio Rank
TIP Calmar Ratio Rank: 3535
Calmar Ratio Rank
TIP Martin Ratio Rank: 3434
Martin Ratio Rank
PHM
PHM Risk / Return Rank: 6161
Overall Rank
PHM Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
PHM Sortino Ratio Rank: 6161
Sortino Ratio Rank
PHM Omega Ratio Rank: 5757
Omega Ratio Rank
PHM Calmar Ratio Rank: 6363
Calmar Ratio Rank
PHM Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

TIPPHMDifference
Sharpe ratioReturn per unit of total volatility
0.97
0.64

+0.34

Sortino ratioReturn per unit of downside risk
1.46
1.24

+0.22

Omega ratioGain probability vs. loss probability

1.17

1.14

+0.03

Calmar ratioReturn relative to maximum drawdown

1.70

0.96

+0.74

Martin ratioReturn relative to average drawdown

4.99

1.85

+3.14

TIP vs. PHM - Sharpe Ratio Comparison

The current TIP Sharpe Ratio is 0.97, which is higher than the PHM Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of TIP and PHM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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

TIPPHMDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-1.11%

-13.88%

+12.77%

Average Drawdown

Average peak-to-trough decline

-3.43%

-35.46%

+32.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.67%

11.76%

-11.09%

Volatility

TIP vs. PHM - Volatility Comparison

The current volatility for iShares TIPS Bond ETF (TIP) is 1.22%, while PulteGroup, Inc. (PHM) has a volatility of 9.16%. 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

TIPPHMDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.22%

9.16%

-7.94%

Volatility (6M)

Calculated over the trailing 6-month period

2.47%

24.05%

-21.58%

Volatility (1Y)

Calculated over the trailing 1-year period

3.44%

34.37%

-30.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.20%

34.79%

-28.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.74%

36.51%

-30.77%

Dividends

TIP vs. PHM - Dividend Comparison

TIP's dividend yield for the trailing twelve months is around 3.79%, more than PHM's 0.79% yield.

PositionTTM20252024202320222021202020192018201720162015
PHM
PulteGroup, Inc.		0.79%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		3.79%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 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PHM has higher volatility (9.16%) compared to TIP (1.22%). In terms of maximum drawdown, TIP dropped -14.57% vs PHM's -92.40%.

TIP currently has the higher Sharpe Ratio (0.97 vs 0.64), 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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