TIPX vs. STIP
TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds - TIPX tracks the Bloomberg US Govt Inflation-Linked (1-10 Y) while STIP tracks the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Both are passively managed. Over the past 10 years, TIPX returned 2.97%/yr vs 3.18%/yr for STIP. A 0.74 correlation means they provide meaningful diversification when combined. TIPX charges 0.15%/yr vs 0.06%/yr for STIP.
Performance
TIPX vs. STIP - 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 STIP's 2.04% return. Over the past 10 years, TIPX has underperformed STIP with an annualized return of 2.97%, while STIP has yielded a comparatively higher 3.18% annualized 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%
STIP
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 2.04%
- 6M
- 2.03%
- 1Y
- 4.68%
- 3Y*
- 5.23%
- 5Y*
- 3.37%
- 10Y*
- 3.18%
TIPX vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 1.72% | 7.15% | 3.08% | 4.43% | -7.58% | 5.42% | 8.51% | 6.60% | -0.32% | 2.54% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
Correlation
The correlation between TIPX and STIP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 31, 2013 | 0.74 |
The correlation between TIPX and STIP shifts across timeframes, from 0.74 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIPX vs. STIP — Risk / Return Rank
TIPX
STIP
TIPX vs. STIP - 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 0-5 Year TIPS Bond ETF (STIP). 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 | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.69 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 6.76 | -2.85 |
| Martin ratioReturn relative to average drawdown | 13.22 | 26.37 | -13.15 |
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 | STIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 3.23 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 1.23 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 1.30 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.07 | -0.57 |
Drawdowns
TIPX vs. STIP - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for TIPX and STIP.
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Drawdown Indicators
| TIPX | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -5.50% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -0.69% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -2.45% | -0.95% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -10.06% | -5.50% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | -5.50% | -4.56% |
Current DrawdownCurrent decline from peak | -0.30% | -0.03% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -0.99% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.18% | +0.20% |
Volatility
TIPX vs. STIP - Volatility Comparison
SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) has a higher volatility of 0.74% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.40%. This indicates that TIPX's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPX | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.40% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 0.99% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 1.46% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 2.75% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 2.45% | +1.92% |
TIPX vs. STIP - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is higher than STIP's 0.06% 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. STIP - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 4.54%, more than STIP's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 4.30% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 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 STIP have a correlation of 0.87, 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 STIP (0.40%). In terms of maximum drawdown, TIPX dropped -10.06% vs STIP's -5.50%.
On 10-year performance, STIP leads with 3.18% vs 2.97% for TIPX. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, STIP has performed better with a 3.18% return vs 2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.15% for TIPX.
TIPX has the higher dividend yield at 4.54%, compared with 4.30% for STIP.
TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y), while STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for TIPX and 0.06% for STIP.
STIP currently has the higher Sharpe Ratio (3.23 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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