TIP vs. PHPP.L
TIP (iShares TIPS Bond ETF) and PHPP.L (WisdomTree Physical Precious Metals) are both exchange-traded funds - TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while PHPP.L is a Precious Metals fund tracking the Precious Metals Basket. Both are passively managed. Over the past 10 years, TIP returned 2.50%/yr vs 11.28%/yr for PHPP.L. At a 0.19 correlation, their price movements are largely independent. TIP charges 0.18%/yr vs 0.44%/yr for PHPP.L.
Performance
TIP vs. PHPP.L - Performance Comparison
Loading charts...
Different Trading Currencies
TIP is traded in USD, while PHPP.L is traded in GBp. To make them comparable, the PHPP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TIP achieves a 1.39% return, which is significantly higher than PHPP.L's -8.71% return. Over the past 10 years, TIP has underperformed PHPP.L with an annualized return of 2.50%, while PHPP.L has yielded a comparatively higher 11.28% 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%
PHPP.L
- 1D
- -0.36%
- 1M
- -16.12%
- YTD
- -8.71%
- 6M
- -3.35%
- 1Y
- 33.36%
- 3Y*
- 24.82%
- 5Y*
- 9.53%
- 10Y*
- 11.28%
TIP vs. PHPP.L - 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% |
PHPP.L WisdomTree Physical Precious Metals | -8.71% | 85.47% | 15.31% | -3.73% | -0.29% | -11.08% | 26.04% | 27.32% | -0.53% | 15.41% |
Correlation
The correlation between TIP and PHPP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.19 |
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. PHPP.L — Risk / Return Rank
TIP
PHPP.L
TIP vs. PHPP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and WisdomTree Physical Precious Metals (PHPP.L). 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 | PHPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.05 | +1.44 |
| Martin ratioReturn relative to average drawdown | 7.44 | 2.72 | +4.73 |
Loading charts...
Drawdowns
TIP vs. PHPP.L - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum PHPP.L drawdown of -70.33%. Use the drawdown chart below to compare losses from any high point for TIP and PHPP.L.
Loading charts...
Drawdown Indicators
| TIP | PHPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -70.33% | +55.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -31.77% | +29.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -31.77% | +27.23% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -31.77% | +17.26% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -31.77% | +17.26% |
Current DrawdownCurrent decline from peak | -0.47% | -31.77% | +31.30% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -37.55% | +34.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 12.25% | -11.59% |
Volatility
TIP vs. PHPP.L - Volatility Comparison
The current volatility for iShares TIPS Bond ETF (TIP) is 1.03%, while WisdomTree Physical Precious Metals (PHPP.L) has a volatility of 8.59%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than PHPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIP | PHPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 8.59% | -7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 31.09% | -28.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 33.71% | -30.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 23.53% | -17.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 20.89% | -15.15% |
TIP vs. PHPP.L - Expense Ratio Comparison
TIP has a 0.18% expense ratio, which is lower than PHPP.L's 0.44% expense ratio.
Dividends
TIP vs. PHPP.L - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, while PHPP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHPP.L WisdomTree Physical Precious Metals | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 PHPP.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIP is cheaper with a 0.18% expense ratio, compared with 0.44% for PHPP.L.
TIP is categorized as Inflation-Protected Bonds, while PHPP.L is Precious Metals. TIP tracks ICE U.S. Treasury Inflation Linked Bond Index, while PHPP.L tracks Precious Metals Basket. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for TIP and 0.44% for PHPP.L.
Find the right allocation for TIP and PHPP.L
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