TIPX vs. LDRI
TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) and LDRI (iShares iBonds 1-5 Year TIPS Ladder ETF) are both Inflation-Protected Bonds funds - TIPX tracks the Bloomberg US Govt Inflation-Linked (1-10 Y) while LDRI tracks the BlackRock iBonds® 1-5 Year TIPS Ladder Index. Both are passively managed. Over the past year, TIPX returned 5.04% vs 4.51% for LDRI. A 0.63 correlation means they provide meaningful diversification when combined. TIPX charges 0.15%/yr vs 0.10%/yr for LDRI.
Performance
TIPX vs. LDRI - Performance Comparison
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Returns By Period
In the year-to-date period, TIPX achieves a 1.72% return, which is significantly lower than LDRI's 1.92% return.
TIPX
- 1D
- -0.05%
- 1M
- -0.17%
- YTD
- 1.72%
- 6M
- 1.48%
- 1Y
- 5.04%
- 3Y*
- 4.84%
- 5Y*
- 2.26%
- 10Y*
- 2.97%
LDRI
- 1D
- 0.00%
- 1M
- 0.02%
- YTD
- 1.92%
- 6M
- 2.12%
- 1Y
- 4.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPX vs. LDRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 1.72% | 7.15% | -0.61% |
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF | 1.92% | 5.94% | 0.10% |
Correlation
The correlation between TIPX and LDRI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.63 |
The correlation between TIPX and LDRI has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
TIPX vs. LDRI — Risk / Return Rank
TIPX
LDRI
TIPX vs. LDRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI). 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.
| TIPX | LDRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.54 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 7.56 | -3.64 |
| Martin ratioReturn relative to average drawdown | 13.22 | 20.35 | -7.13 |
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
| TIPX | LDRI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 2.41 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 2.26 | -1.76 |
Drawdowns
TIPX vs. LDRI - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, which is greater than LDRI's maximum drawdown of -0.85%. Use the drawdown chart below to compare losses from any high point for TIPX and LDRI.
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Drawdown Indicators
| TIPX | LDRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -0.85% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -0.60% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.04% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -0.20% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.22% | +0.16% |
Volatility
TIPX vs. LDRI - Volatility Comparison
SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) has a higher volatility of 0.74% compared to iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) at 0.46%. This indicates that TIPX's price experiences larger fluctuations and is considered to be riskier than LDRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPX | LDRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.46% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 1.38% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 1.88% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 2.28% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 2.28% | +2.09% |
TIPX vs. LDRI - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is higher than LDRI's 0.10% 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
TIPX vs. LDRI - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 4.54%, more than LDRI's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF | 3.52% | 4.23% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 4.54% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
Frequently Asked Questions
TIPX and LDRI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPX has higher volatility (0.74%) compared to LDRI (0.46%). In terms of maximum drawdown, TIPX dropped -10.06% vs LDRI's -0.85%.
On 1-year performance, TIPX leads with 5.04% vs 4.51% for LDRI. On fees, LDRI is cheaper at 0.10% per year. On volatility, LDRI has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TIPX has performed better with a 5.04% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRI is cheaper with a 0.10% expense ratio, compared with 0.15% for TIPX.
TIPX has the higher dividend yield at 4.54%, compared with 3.52% for LDRI.
TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y), while LDRI tracks BlackRock iBonds® 1-5 Year TIPS Ladder Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for TIPX and 0.10% for LDRI.
LDRI currently has the higher Sharpe Ratio (2.41 vs 1.94), 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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