TIPZ vs. DFIP
Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and Dimensional Inflation-Protected Securities ETF (DFIP).
TIPZ and DFIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury. It was launched on Sep 3, 2009. DFIP is an actively managed fund by Dimensional. It was launched on Nov 15, 2021.
Performance
TIPZ vs. DFIP - Performance Comparison
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TIPZ vs. DFIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 1.47% | 5.87% | 1.52% | 3.37% | -12.67% | -0.36% |
DFIP Dimensional Inflation-Protected Securities ETF | 0.40% | 7.54% | 1.72% | 4.07% | -12.39% | -0.05% |
Returns By Period
In the year-to-date period, TIPZ achieves a 1.47% return, which is significantly higher than DFIP's 0.40% return.
TIPZ
- 1D
- 0.08%
- 1M
- -1.41%
- YTD
- 1.47%
- 6M
- 0.35%
- 1Y
- 2.98%
- 3Y*
- 2.97%
- 5Y*
- 1.07%
- 10Y*
- 2.40%
DFIP
- 1D
- 0.01%
- 1M
- -1.44%
- YTD
- 0.40%
- 6M
- 0.24%
- 1Y
- 3.35%
- 3Y*
- 3.18%
- 5Y*
- —
- 10Y*
- —
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TIPZ vs. DFIP - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is higher than DFIP's 0.11% 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%.
Return for Risk
TIPZ vs. DFIP — Risk / Return Rank
TIPZ
DFIP
TIPZ vs. DFIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and Dimensional Inflation-Protected Securities ETF (DFIP). 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.
| TIPZ | DFIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.80 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.13 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.21 | -0.02 |
Martin ratioReturn relative to average drawdown | 3.44 | 3.84 | -0.40 |
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
| TIPZ | DFIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.80 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.00 | +0.51 |
Correlation
The correlation between TIPZ and DFIP is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TIPZ vs. DFIP - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 4.44%, more than DFIP's 4.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 4.44% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
DFIP Dimensional Inflation-Protected Securities ETF | 4.24% | 4.70% | 3.69% | 3.68% | 5.97% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TIPZ vs. DFIP - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, which is greater than DFIP's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for TIPZ and DFIP.
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Drawdown Indicators
| TIPZ | DFIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -14.96% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.02% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.77% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -1.44% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -7.21% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.95% | +0.04% |
Volatility
TIPZ vs. DFIP - Volatility Comparison
PIMCO Broad US TIPS Index ETF (TIPZ) has a higher volatility of 1.45% compared to Dimensional Inflation-Protected Securities ETF (DFIP) at 1.38%. This indicates that TIPZ's price experiences larger fluctuations and is considered to be riskier than DFIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPZ | DFIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.38% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.35% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 4.21% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 6.92% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 6.92% | -1.06% |