TIP vs. RBIL
TIP (iShares TIPS Bond ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both Inflation-Protected Bonds funds - TIP tracks the ICE U.S. Treasury Inflation Linked Bond Index while RBIL tracks the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, TIP returned 4.96% vs 4.57% for RBIL. At a 0.09 correlation, their price movements are largely independent. TIP charges 0.18%/yr vs 0.17%/yr for RBIL.
Performance
TIP vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, TIP achieves a 1.54% return, which is significantly lower than RBIL's 2.70% 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%
RBIL
- 1D
- 0.06%
- 1M
- 0.38%
- YTD
- 2.70%
- 6M
- 2.79%
- 1Y
- 4.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIP vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIP iShares TIPS Bond ETF | 1.54% | 3.78% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.70% | 2.91% |
Correlation
The correlation between TIP and RBIL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025 | 0.09 |
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Return for Risk
TIP vs. RBIL — Risk / Return Rank
TIP
RBIL
TIP vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.55 | ||
| Sortino ratioReturn per unit of downside risk | -5.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.39 | -1.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 17.00 | -14.48 |
| Martin ratioReturn relative to average drawdown | 7.57 | 70.66 | -63.09 |
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 | RBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 5.01 | -3.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 4.28 | -3.71 |
Drawdowns
TIP vs. RBIL - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, which is greater than RBIL's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for TIP and RBIL.
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Drawdown Indicators
| TIP | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -0.50% | -14.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -0.27% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -0.06% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.07% | +0.59% |
Volatility
TIP vs. RBIL - Volatility Comparison
iShares TIPS Bond ETF (TIP) has a higher volatility of 0.89% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that TIP's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.30% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 0.79% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 0.92% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 1.05% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 1.05% | +4.69% |
TIP vs. RBIL - Expense Ratio Comparison
TIP has a 0.18% expense ratio, which is higher than RBIL's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TIP vs. RBIL - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.76%, less than RBIL's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.60% | 3.65% | 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 RBIL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIP has higher volatility (0.89%) compared to RBIL (0.30%). In terms of maximum drawdown, TIP dropped -14.57% vs RBIL's -0.50%.
On 1-year performance, TIP leads with 4.96% vs 4.57% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TIP has performed better with a 4.96% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.18% for TIP.
RBIL has the higher dividend yield at 4.60%, compared with 3.76% for TIP.
TIP tracks ICE U.S. Treasury Inflation Linked Bond Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: iShares and F/m. Their fees differ too: 0.18% for TIP and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (5.01 vs 1.46), 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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