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TIP vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TIP and TLT is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

TIP vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares TIPS Bond ETF (TIP) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

100.00%105.00%110.00%115.00%120.00%NovemberDecember2025FebruaryMarchApril
108.13%
108.49%
TIP
TLT

Key characteristics

Sharpe Ratio

TIP:

1.49

TLT:

0.28

Sortino Ratio

TIP:

2.07

TLT:

0.48

Omega Ratio

TIP:

1.27

TLT:

1.06

Calmar Ratio

TIP:

0.63

TLT:

0.09

Martin Ratio

TIP:

4.47

TLT:

0.53

Ulcer Index

TIP:

1.56%

TLT:

7.52%

Daily Std Dev

TIP:

4.68%

TLT:

14.42%

Max Drawdown

TIP:

-14.56%

TLT:

-48.35%

Current Drawdown

TIP:

-4.46%

TLT:

-41.08%

Returns By Period

In the year-to-date period, TIP achieves a 3.73% return, which is significantly higher than TLT's 2.84% return. Over the past 10 years, TIP has outperformed TLT with an annualized return of 2.22%, while TLT has yielded a comparatively lower -1.03% annualized return.


TIP

YTD

3.73%

1M

0.61%

6M

2.50%

1Y

7.36%

5Y*

1.37%

10Y*

2.22%

TLT

YTD

2.84%

1M

0.04%

6M

-1.48%

1Y

5.49%

5Y*

-9.90%

10Y*

-1.03%

*Annualized

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TIP vs. TLT - Expense Ratio Comparison

TIP has a 0.19% expense ratio, which is higher than TLT's 0.15% 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%.


Expense ratio chart for TIP: current value is 0.19%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TIP: 0.19%
Expense ratio chart for TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%

Risk-Adjusted Performance

TIP vs. TLT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIP
The Risk-Adjusted Performance Rank of TIP is 8383
Overall Rank
The Sharpe Ratio Rank of TIP is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of TIP is 8989
Sortino Ratio Rank
The Omega Ratio Rank of TIP is 8787
Omega Ratio Rank
The Calmar Ratio Rank of TIP is 7070
Calmar Ratio Rank
The Martin Ratio Rank of TIP is 8282
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 3333
Overall Rank
The Sharpe Ratio Rank of TLT is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 3737
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 3232
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 2626
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TIP vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and iShares 20+ Year Treasury Bond ETF (TLT). 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.


The chart of Sharpe ratio for TIP, currently valued at 1.49, compared to the broader market-1.000.001.002.003.004.00
TIP: 1.49
TLT: 0.28
The chart of Sortino ratio for TIP, currently valued at 2.07, compared to the broader market-2.000.002.004.006.008.00
TIP: 2.07
TLT: 0.48
The chart of Omega ratio for TIP, currently valued at 1.27, compared to the broader market0.501.001.502.002.50
TIP: 1.27
TLT: 1.06
The chart of Calmar ratio for TIP, currently valued at 0.63, compared to the broader market0.002.004.006.008.0010.0012.00
TIP: 0.63
TLT: 0.09
The chart of Martin ratio for TIP, currently valued at 4.47, compared to the broader market0.0020.0040.0060.00
TIP: 4.47
TLT: 0.53

The current TIP Sharpe Ratio is 1.49, which is higher than the TLT Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of TIP and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50NovemberDecember2025FebruaryMarchApril
1.49
0.28
TIP
TLT

Dividends

TIP vs. TLT - Dividend Comparison

TIP's dividend yield for the trailing twelve months is around 3.03%, less than TLT's 4.24% yield.


TTM20242023202220212020201920182017201620152014
TIP
iShares TIPS Bond ETF
3.03%2.52%2.73%6.96%4.28%1.17%1.75%2.71%2.07%1.48%0.34%1.67%
TLT
iShares 20+ Year Treasury Bond ETF
4.24%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

TIP vs. TLT - Drawdown Comparison

The maximum TIP drawdown since its inception was -14.56%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TIP and TLT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.46%
-41.08%
TIP
TLT

Volatility

TIP vs. TLT - Volatility Comparison

The current volatility for iShares TIPS Bond ETF (TIP) is 2.31%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 6.00%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
2.31%
6.00%
TIP
TLT