TPSA.AS vs. BND
TPSA.AS (iShares $ TIPS UCITS ETF USD (Acc)) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - TPSA.AS is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, TPSA.AS returned 2.38%/yr vs 1.38%/yr for BND. A 0.58 correlation means they provide meaningful diversification when combined. TPSA.AS charges 0.12%/yr vs 0.03%/yr for BND.
Performance
TPSA.AS vs. BND - Performance Comparison
Loading charts...
Different Trading Currencies
TPSA.AS is traded in EUR, while BND is traded in USD. To make them comparable, the BND values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TPSA.AS achieves a 2.53% return, which is significantly higher than BND's 1.55% return. Over the past 10 years, TPSA.AS has outperformed BND with an annualized return of 2.38%, while BND has yielded a comparatively lower 1.38% annualized return.
TPSA.AS
- 1D
- -0.13%
- 1M
- 0.70%
- YTD
- 2.53%
- 6M
- 1.56%
- 1Y
- 3.01%
- 3Y*
- 1.06%
- 5Y*
- 1.90%
- 10Y*
- 2.38%
BND
- 1D
- -0.00%
- 1M
- 0.90%
- YTD
- 1.55%
- 6M
- 0.71%
- 1Y
- 2.84%
- 3Y*
- 1.24%
- 5Y*
- 1.04%
- 10Y*
- 1.38%
TPSA.AS vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPSA.AS iShares $ TIPS UCITS ETF USD (Acc) | 2.53% | -5.59% | 8.47% | 0.33% | -7.67% | 15.08% | 1.51% | 11.11% | 3.08% | -9.23% |
BND Vanguard Total Bond Market ETF | 1.55% | -5.62% | 8.07% | 2.49% | -7.73% | 5.48% | -1.16% | 11.29% | 4.57% | -9.16% |
Correlation
The correlation between TPSA.AS and BND is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2009 | 0.58 |
The correlation between TPSA.AS and BND shifts across timeframes, from 0.58 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPSA.AS vs. BND — Risk / Return Rank
TPSA.AS
BND
TPSA.AS vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and Vanguard Total Bond Market ETF (BND). 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.
| TPSA.AS | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.68 | +0.08 |
| Martin ratioReturn relative to average drawdown | 1.95 | 2.03 | -0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TPSA.AS | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.49 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.13 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.17 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.40 | +0.06 |
Drawdowns
TPSA.AS vs. BND - Drawdown Comparison
The maximum TPSA.AS drawdown since its inception was -19.92%, which is greater than BND's maximum drawdown of -16.72%. Use the drawdown chart below to compare losses from any high point for TPSA.AS and BND.
Loading charts...
Drawdown Indicators
| TPSA.AS | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -16.72% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -4.18% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.93% | -11.20% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -12.22% | -2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | -15.87% | +0.07% |
Current DrawdownCurrent decline from peak | -8.08% | -6.60% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -6.56% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.45% | +0.13% |
Volatility
TPSA.AS vs. BND - Volatility Comparison
iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and Vanguard Total Bond Market ETF (BND) have volatilities of 0.89% and 0.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TPSA.AS | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.87% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 4.29% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 5.81% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 8.13% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 8.12% | +0.03% |
TPSA.AS vs. BND - Expense Ratio Comparison
TPSA.AS has a 0.12% expense ratio, which is higher than BND's 0.03% 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
TPSA.AS vs. BND - Dividend Comparison
TPSA.AS has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
TPSA.AS iShares $ TIPS UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TPSA.AS and BND have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND is cheaper with a 0.03% expense ratio, compared with 0.12% for TPSA.AS.
TPSA.AS is categorized as Inflation-Protected Bonds, while BND is Total Bond Market. TPSA.AS tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for TPSA.AS and 0.03% for BND.
Find the right allocation for TPSA.AS and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer