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WIP vs. GTIP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WIP vs. GTIP

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP).

WIP and GTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. GTIP is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. It was launched on Oct 2, 2018. Both WIP and GTIP 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

WIP vs. GTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP). The values are adjusted to include any dividend payments, if applicable.

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WIP vs. GTIP - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
WIP
SPDR FTSE International Government Inflation-Protected Bond ETF		1.01%15.18%-8.71%8.84%-15.54%-4.15%8.37%8.62%1.63%
GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF		0.49%6.63%2.04%3.88%-12.14%5.86%10.83%8.33%0.24%

Returns By Period

In the year-to-date period, WIP achieves a 1.01% return, which is significantly higher than GTIP's 0.49% return.

WIP

1D
1.59%
1M
-3.65%
YTD
1.01%
6M
3.15%
1Y
11.57%
3Y*
2.96%
5Y*
-0.36%
10Y*
1.28%

GTIP

1D
0.04%
1M
-1.35%
YTD
0.49%
6M
0.38%
1Y
2.93%
3Y*
3.06%
5Y*
1.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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SPDR FTSE International Government Inflation-Protected Bond ETF

Goldman Sachs Access Inflation Protected USD Bond ETF

Often compared with WIP:
WIP vs. VTIPWIP vs. EMLCWIP vs. USHYWIP vs. ARGTWIP vs. FLOTWIP vs. FBNDWIP vs. BNDW
Often compared with GTIP:
GTIP vs. TIPGTIP vs. IUSBGTIP vs. FPEIGTIP vs. SCHPGTIP vs. VTIPGTIP vs. STPZGTIP vs. ^GSPC

WIP vs. GTIP - Expense Ratio Comparison

WIP has a 0.50% expense ratio, which is higher than GTIP's 0.12% expense ratio.

WIP
SPDR FTSE International Government Inflation-Protected Bond ETF
GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF

Return for Risk

WIP vs. GTIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WIP
WIP Risk / Return Rank: 7070
Overall Rank
WIP Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
WIP Sortino Ratio Rank: 6868
Sortino Ratio Rank
WIP Omega Ratio Rank: 6161
Omega Ratio Rank
WIP Calmar Ratio Rank: 8181
Calmar Ratio Rank
WIP Martin Ratio Rank: 6868
Martin Ratio Rank
GTIP
GTIP Risk / Return Rank: 3939
Overall Rank
GTIP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
GTIP Sortino Ratio Rank: 3737
Sortino Ratio Rank
GTIP Omega Ratio Rank: 3333
Omega Ratio Rank
GTIP Calmar Ratio Rank: 4646
Calmar Ratio Rank
GTIP Martin Ratio Rank: 3838
Martin Ratio Rank
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.

WIP vs. GTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP). 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.

WIPGTIPDifference

Sharpe ratio

Return per unit of total volatility

1.22

0.73

+0.49

Sortino ratio

Return per unit of downside risk

1.68

1.03

+0.64

Omega ratio

Gain probability vs. loss probability

1.22

1.13

+0.09

Calmar ratio

Return relative to maximum drawdown

2.25

1.15

+1.10

Martin ratio

Return relative to average drawdown

6.69

3.44

+3.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WIP vs. GTIP - Sharpe Ratio Comparison

The current WIP Sharpe Ratio is 1.22, which is higher than the GTIP Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of WIP and GTIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

WIPGTIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.22

0.73

+0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.03

0.22

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.13

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

0.54

-0.43

Correlation

The correlation between WIP and GTIP is 0.43, 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

WIP vs. GTIP - Dividend Comparison

WIP's dividend yield for the trailing twelve months is around 5.41%, more than GTIP's 4.43% yield.

TTM20252024202320222021202020192018201720162015
WIP
SPDR FTSE International Government Inflation-Protected Bond ETF		5.41%5.51%6.06%6.54%11.15%4.63%1.59%2.49%4.05%1.91%1.27%1.14%
GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF		4.43%4.58%3.52%2.77%6.47%3.82%1.04%2.34%0.66%0.00%0.00%0.00%

Drawdowns

WIP vs. GTIP - Drawdown Comparison

The maximum WIP drawdown since its inception was -29.60%, which is greater than GTIP's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for WIP and GTIP.

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Drawdown Indicators

WIPGTIPDifference

Max Drawdown

Largest peak-to-trough decline

-29.60%

-14.31%

-15.29%

Max Drawdown (1Y)

Largest decline over 1 year

-5.16%

-2.86%

-2.30%

Max Drawdown (5Y)

Largest decline over 5 years

-28.84%

-14.31%

-14.53%

Max Drawdown (10Y)

Largest decline over 10 years

-28.84%

—

—

Current Drawdown

Current decline from peak

-6.90%

-1.35%

-5.55%

Average Drawdown

Average peak-to-trough decline

-8.63%

-4.32%

-4.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

0.96%

+0.78%

Volatility

WIP vs. GTIP - Volatility Comparison

SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 4.29% compared to Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) at 1.42%. This indicates that WIP's price experiences larger fluctuations and is considered to be riskier than GTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WIPGTIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.29%

1.42%

+2.87%

Volatility (6M)

Calculated over the trailing 6-month period

6.01%

2.33%

+3.68%

Volatility (1Y)

Calculated over the trailing 1-year period

9.49%

4.05%

+5.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.39%

6.08%

+5.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.12%

6.06%

+4.06%