TIPZ vs. IBIG
TIPZ (PIMCO Broad US TIPS Index ETF) and IBIG (iShares iBonds Oct 2030 Term TIPS ETF) are both Inflation-Protected Bonds funds - TIPZ tracks the ICE BofA US Inflation-Linked Treasury while IBIG tracks the ICE 2030 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, TIPZ returned 5.12% vs 5.02% for IBIG. Their correlation of 0.92 suggests significant overlap in exposure. TIPZ charges 0.20%/yr vs 0.10%/yr for IBIG.
Performance
TIPZ vs. IBIG - Performance Comparison
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Returns By Period
In the year-to-date period, TIPZ achieves a 2.58% return, which is significantly higher than IBIG's 1.64% return.
TIPZ
- 1D
- -0.20%
- 1M
- -0.01%
- YTD
- 2.58%
- 6M
- 1.00%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- 0.77%
- 10Y*
- 2.49%
IBIG
- 1D
- -0.09%
- 1M
- -0.37%
- YTD
- 1.64%
- 6M
- 1.42%
- 1Y
- 5.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPZ vs. IBIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 2.58% | 5.87% | 1.52% | 3.80% |
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 1.64% | 7.90% | 2.60% | 4.26% |
Correlation
The correlation between TIPZ and IBIG is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.92 |
The correlation between TIPZ and IBIG has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
TIPZ vs. IBIG — Risk / Return Rank
TIPZ
IBIG
TIPZ vs. IBIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and iShares iBonds Oct 2030 Term TIPS ETF (IBIG). 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 | IBIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.74 | -1.38 |
| Martin ratioReturn relative to average drawdown | 7.37 | 12.68 | -5.30 |
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 | IBIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.93 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.43 | -0.91 |
Drawdowns
TIPZ vs. IBIG - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, which is greater than IBIG's maximum drawdown of -3.21%. Use the drawdown chart below to compare losses from any high point for TIPZ and IBIG.
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Drawdown Indicators
| TIPZ | IBIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -3.21% | -12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -1.35% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | — | — |
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 | -1.44% | -0.43% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -0.77% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.40% | +0.30% |
Volatility
TIPZ vs. IBIG - Volatility Comparison
PIMCO Broad US TIPS Index ETF (TIPZ) has a higher volatility of 0.96% compared to iShares iBonds Oct 2030 Term TIPS ETF (IBIG) at 0.62%. This indicates that TIPZ's price experiences larger fluctuations and is considered to be riskier than IBIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPZ | IBIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.62% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 1.70% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 2.62% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 4.29% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 4.29% | +1.55% |
TIPZ vs. IBIG - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is higher than IBIG'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
TIPZ vs. IBIG - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 5.11%, more than IBIG's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 3.89% | 4.70% | 4.15% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.11% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
TIPZ and IBIG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPZ has higher volatility (0.96%) compared to IBIG (0.62%). In terms of maximum drawdown, TIPZ dropped -15.77% vs IBIG's -3.21%.
On 1-year performance, TIPZ leads with 5.12% vs 5.02% for IBIG. On fees, IBIG is cheaper at 0.10% per year. On volatility, IBIG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TIPZ has performed better with a 5.12% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIG is cheaper with a 0.10% expense ratio, compared with 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.11%, compared with 3.89% for IBIG.
TIPZ tracks ICE BofA US Inflation-Linked Treasury, while IBIG tracks ICE 2030 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.20% for TIPZ and 0.10% for IBIG.
IBIG currently has the higher Sharpe Ratio (1.93 vs 1.31), 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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