WIP vs. IBID
WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both Inflation-Protected Bonds funds - WIP tracks the FTSE International Inflation-Linked Securities Select (USD) while IBID tracks the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, WIP returned 10.26% vs 4.83% for IBID. At a 0.28 correlation, their price movements are largely independent. WIP charges 0.50%/yr vs 0.10%/yr for IBID.
Performance
WIP vs. IBID - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WIP achieves a 4.31% return, which is significantly higher than IBID's 2.46% return.
WIP
- 1D
- -0.72%
- 1M
- 0.70%
- YTD
- 4.31%
- 6M
- 4.96%
- 1Y
- 10.26%
- 3Y*
- 5.08%
- 5Y*
- -0.70%
- 10Y*
- 1.61%
IBID
- 1D
- 0.08%
- 1M
- 0.49%
- YTD
- 2.46%
- 6M
- 2.57%
- 1Y
- 4.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WIP vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 4.31% | 15.18% | -8.71% | 6.70% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.46% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between WIP and IBID is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.28 |
Over the past year, the correlation between WIP and IBID has dropped to 0.04 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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
WIP vs. IBID — Risk / Return Rank
WIP
IBID
WIP vs. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| WIP | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -5.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.94 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 13.33 | -11.33 |
| Martin ratioReturn relative to average drawdown | 5.98 | 39.52 | -33.54 |
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
| WIP | IBID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 3.91 | -2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 2.56 | -2.43 |
Drawdowns
WIP vs. IBID - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.60%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for WIP and IBID.
Loading charts...
Drawdown Indicators
| WIP | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -1.28% | -28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -0.36% | -4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.84% | — | — |
Current DrawdownCurrent decline from peak | -3.87% | 0.00% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -0.22% | -8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.12% | +1.60% |
Volatility
WIP vs. IBID - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 2.95% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that WIP's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WIP | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 0.32% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 0.80% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 1.25% | +7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.45% | 2.25% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 2.25% | +7.91% |
WIP vs. IBID - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
WIP vs. IBID - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 5.79%, more than IBID's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.66% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.79% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
Frequently Asked Questions
WIP and IBID have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIP has higher volatility (2.95%) compared to IBID (0.32%). In terms of maximum drawdown, WIP dropped -29.60% vs IBID's -1.28%.
On 1-year performance, WIP leads with 10.26% vs 4.83% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WIP has performed better with a 10.26% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.50% for WIP.
WIP has the higher dividend yield at 5.79%, compared with 3.66% for IBID.
WIP tracks FTSE International Inflation-Linked Securities Select (USD), while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for WIP and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.91 vs 1.18), 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.
Find the right allocation for WIP and IBID
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