TIPZ vs. HYGI

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and iShares Inflation Hedged High Yield Bond ETF (HYGI).

TIPZ and HYGI 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. HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. Both TIPZ and HYGI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TIPZ vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Broad US TIPS Index ETF (TIPZ) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

TIPZ vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TIPZ PIMCO Broad US TIPS Index ETF	1.47%	5.87%	1.52%	3.37%	-4.29%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	11.71%	0.65%

Returns By Period

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%

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIPZ vs. HYGI - Expense Ratio Comparison

TIPZ has a 0.20% expense ratio, which is lower than HYGI's 0.52% expense ratio.

HYGI

iShares Inflation Hedged High Yield Bond ETF

TIPZ

PIMCO Broad US TIPS Index ETF

Return for Risk

TIPZ vs. HYGI — Risk / Return Rank

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

TIPZ

TIPZ Risk / Return Rank: 37
TIPZ Sharpe Ratio Rank: 36
TIPZ Sortino Ratio Rank: 32
TIPZ Omega Ratio Rank: 31
TIPZ Calmar Ratio Rank: 48
TIPZ Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIPZ vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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	HYGI	Difference
Sharpe ratio Return per unit of total volatility	0.65	—	—
Sortino ratio Return per unit of downside risk	0.90	—	—
Omega ratio Gain probability vs. loss probability	1.12	—	—
Calmar ratio Return relative to maximum drawdown	1.19	—	—
Martin ratio Return relative to average drawdown	3.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TIPZ	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	—	—
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	—	—

Correlation

The correlation between TIPZ and HYGI is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TIPZ vs. HYGI - Dividend Comparison

TIPZ's dividend yield for the trailing twelve months is around 4.44%, more than HYGI's 2.46% 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%
HYGI iShares Inflation Hedged High Yield Bond ETF	2.46%	3.41%	6.08%	6.22%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	TIPZ	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-15.77%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.77%	—	—
Current Drawdown Current decline from peak	-2.51%	—	—
Average Drawdown Average peak-to-trough decline	-4.36%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	—	—

Volatility

Volatility by Period

	TIPZ	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.60%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	—	—