WAIIX vs. BIIPX
Compare and contrast key facts about Western Asset Inflation Indexed Plus Bond Fund (WAIIX) and iShares Short-Term TIPS Bond Index Fund (BIIPX).
WAIIX is managed by Franklin Templeton. It was launched on Feb 28, 2001. BIIPX is managed by BlackRock. It was launched on Feb 15, 2016.
Performance
WAIIX vs. BIIPX - Performance Comparison
Loading graphics...
WAIIX vs. BIIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAIIX Western Asset Inflation Indexed Plus Bond Fund | 0.00% | 6.41% | 1.05% | 3.30% | -12.64% | 4.74% | 9.84% | 9.79% | -2.25% | 3.64% |
BIIPX iShares Short-Term TIPS Bond Index Fund | 0.73% | 6.05% | 4.75% | 3.25% | -4.12% | 5.19% | 4.89% | 4.83% | 0.58% | 0.88% |
Returns By Period
WAIIX
- 1D
- 0.64%
- 1M
- -1.56%
- YTD
- 0.00%
- 6M
- -0.03%
- 1Y
- 2.49%
- 3Y*
- 2.41%
- 5Y*
- 0.73%
- 10Y*
- 2.13%
BIIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.05%
- 1Y
- 3.65%
- 3Y*
- 4.19%
- 5Y*
- 2.88%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WAIIX vs. BIIPX - Expense Ratio Comparison
WAIIX has a 0.54% expense ratio, which is higher than BIIPX's 0.08% expense ratio.
Return for Risk
WAIIX vs. BIIPX — Risk / Return Rank
WAIIX
BIIPX
WAIIX vs. BIIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Inflation Indexed Plus Bond Fund (WAIIX) and iShares Short-Term TIPS Bond Index Fund (BIIPX). 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.
| WAIIX | BIIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.81 | -1.14 |
Sortino ratioReturn per unit of downside risk | 0.93 | 3.21 | -2.28 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 4.25 | -3.13 |
Martin ratioReturn relative to average drawdown | 3.97 | 11.88 | -7.91 |
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 graphics...
Sharpe Ratios by Period
| WAIIX | BIIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.81 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.94 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.10 | -0.46 |
Correlation
The correlation between WAIIX and BIIPX is 0.69, 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
WAIIX vs. BIIPX - Dividend Comparison
WAIIX's dividend yield for the trailing twelve months is around 3.33%, less than BIIPX's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAIIX Western Asset Inflation Indexed Plus Bond Fund | 3.33% | 4.12% | 3.44% | 2.80% | 6.69% | 12.25% | 1.38% | 2.18% | 2.82% | 2.03% | 1.30% | 0.37% |
BIIPX iShares Short-Term TIPS Bond Index Fund | 3.57% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% | 0.00% | 0.00% |
Drawdowns
WAIIX vs. BIIPX - Drawdown Comparison
The maximum WAIIX drawdown since its inception was -16.55%, which is greater than BIIPX's maximum drawdown of -6.46%. Use the drawdown chart below to compare losses from any high point for WAIIX and BIIPX.
Loading graphics...
Drawdown Indicators
| WAIIX | BIIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.55% | -6.46% | -10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -1.12% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -6.46% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -15.99% | — | — |
Current DrawdownCurrent decline from peak | -3.48% | -0.51% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -1.09% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.40% | +0.48% |
Volatility
WAIIX vs. BIIPX - Volatility Comparison
Western Asset Inflation Indexed Plus Bond Fund (WAIIX) has a higher volatility of 1.49% compared to iShares Short-Term TIPS Bond Index Fund (BIIPX) at 0.57%. This indicates that WAIIX's price experiences larger fluctuations and is considered to be riskier than BIIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| WAIIX | BIIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 0.57% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 1.28% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 2.53% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 3.07% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 2.63% | +3.03% |