TIP vs. USD=X
TIP (iShares TIPS Bond ETF) is Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while USD=X (USD Cash) is a currency. Over the past 10 years, TIP returned 2.50%/yr vs 0.00%/yr for USD=X.
Performance
TIP vs. USD=X - Performance Comparison
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Returns By Period
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%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
TIP vs. USD=X - 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% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
TIP vs. USD=X — Risk / Return Rank
TIP
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TIP vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | — | — |
| Martin ratioReturn relative to average drawdown | 7.44 | — | — |
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Drawdowns
TIP vs. USD=X - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TIP and USD=X.
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Drawdown Indicators
| TIP | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | 0.00% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | 0.00% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | 0.00% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | 0.00% | -14.51% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | 0.00% | -14.51% |
Current DrawdownCurrent decline from peak | -0.47% | 0.00% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.43% | 0.00% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.00% | +0.66% |
Volatility
TIP vs. USD=X - Volatility Comparison
iShares TIPS Bond ETF (TIP) has a higher volatility of 1.03% compared to USD Cash (USD=X) at 0.00%. This indicates that TIP's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.00% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 0.00% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 0.00% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.21% | 0.00% | +6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 0.00% | +5.74% |
Frequently Asked Questions
TIP has higher volatility (1.03%) compared to USD=X (0.00%). In terms of maximum drawdown, TIP dropped -14.57% vs USD=X's 0.00%.
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