TIPZ vs. IVOL
Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL).
TIPZ and IVOL 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. IVOL is an actively managed fund by CICC. It was launched on May 13, 2019.
Performance
TIPZ vs. IVOL - Performance Comparison
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TIPZ vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 1.47% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 4.81% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -1.46% | 11.97% | -11.07% | -5.18% | -12.69% | -0.31% | 14.56% | 3.23% |
Returns By Period
In the year-to-date period, TIPZ achieves a 1.47% return, which is significantly higher than IVOL's -1.46% 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%
IVOL
- 1D
- -0.05%
- 1M
- -1.70%
- YTD
- -1.46%
- 6M
- -1.19%
- 1Y
- 3.84%
- 3Y*
- -2.83%
- 5Y*
- -4.62%
- 10Y*
- —
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TIPZ vs. IVOL - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Return for Risk
TIPZ vs. IVOL — Risk / Return Rank
TIPZ
IVOL
TIPZ vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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 | IVOL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.37 | +0.28 |
Sortino ratioReturn per unit of downside risk | 0.90 | 0.64 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.55 | +0.64 |
Martin ratioReturn relative to average drawdown | 3.44 | 1.06 | +2.38 |
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 | IVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.37 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.36 | +0.53 |
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 | -0.05 | +0.57 |
Correlation
The correlation between TIPZ and IVOL is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TIPZ vs. IVOL - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 4.44%, more than IVOL's 3.73% 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% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.73% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TIPZ vs. IVOL - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, smaller than the maximum IVOL drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for TIPZ and IVOL.
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Drawdown Indicators
| TIPZ | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -31.16% | +15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -6.72% | +3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -31.16% | +15.39% |
Max Drawdown (10Y)Largest decline over 10 years | -15.77% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -22.51% | +20.00% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -13.02% | +8.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.50% | -2.51% |
Volatility
TIPZ vs. IVOL - Volatility Comparison
The current volatility for PIMCO Broad US TIPS Index ETF (TIPZ) is 1.45%, while Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a volatility of 2.34%. This indicates that TIPZ experiences smaller price fluctuations and is considered to be less risky than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPZ | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.34% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 4.41% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 10.40% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 12.82% | -6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 12.11% | -6.25% |