WIP vs. STIP
WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds - WIP tracks the FTSE International Inflation-Linked Securities Select (USD) while STIP tracks the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Both are passively managed. Over the past 10 years, WIP returned 1.61%/yr vs 3.18%/yr for STIP. At a 0.35 correlation, their price movements are largely independent. WIP charges 0.50%/yr vs 0.06%/yr for STIP.
Performance
WIP vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, WIP achieves a 4.31% return, which is significantly higher than STIP's 2.04% return. Over the past 10 years, WIP has underperformed STIP with an annualized return of 1.61%, while STIP has yielded a comparatively higher 3.18% annualized 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%
STIP
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 2.04%
- 6M
- 2.03%
- 1Y
- 4.68%
- 3Y*
- 5.23%
- 5Y*
- 3.37%
- 10Y*
- 3.18%
WIP vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 4.31% | 15.18% | -8.71% | 8.84% | -15.54% | -4.15% | 8.37% | 8.62% | -5.97% | 12.73% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
Correlation
The correlation between WIP and STIP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2010 | 0.35 |
The correlation between WIP and STIP shifts across timeframes, from 0.19 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WIP vs. STIP — Risk / Return Rank
WIP
STIP
WIP vs. STIP - 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 0-5 Year TIPS Bond ETF (STIP). 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 | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.69 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 6.76 | -4.77 |
| Martin ratioReturn relative to average drawdown | 5.98 | 26.37 | -20.39 |
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
| WIP | STIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 3.23 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 1.23 | -1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 1.30 | -1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.07 | -0.95 |
Drawdowns
WIP vs. STIP - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.60%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for WIP and STIP.
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Drawdown Indicators
| WIP | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -5.50% | -24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -0.69% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | -0.95% | -10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | -5.50% | -23.34% |
Max Drawdown (10Y)Largest decline over 10 years | -28.84% | -5.50% | -23.34% |
Current DrawdownCurrent decline from peak | -3.87% | -0.03% | -3.84% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -0.99% | -7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.18% | +1.54% |
Volatility
WIP vs. STIP - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 2.95% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.40%. This indicates that WIP's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIP | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 0.40% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 0.99% | +5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.72% | 1.46% | +7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.45% | 2.75% | +8.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 2.45% | +7.71% |
WIP vs. STIP - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is higher than STIP's 0.06% expense ratio.
Dividends
WIP vs. STIP - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 5.79%, more than STIP's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 4.30% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 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 STIP have a correlation of 0.19, 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 STIP (0.40%). In terms of maximum drawdown, WIP dropped -29.60% vs STIP's -5.50%.
On 10-year performance, STIP leads with 3.18% vs 1.61% for WIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, STIP has performed better with a 3.18% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.50% for WIP.
WIP has the higher dividend yield at 5.79%, compared with 4.30% for STIP.
WIP tracks FTSE International Inflation-Linked Securities Select (USD), while STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for WIP and 0.06% for STIP.
STIP currently has the higher Sharpe Ratio (3.23 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.
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