TIP vs ZCMD: Correlation
iShares TIPS Bond ETF (TIP) and Zhongchao Inc. - Class A (ZCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TIP and ZCMD?
Over the past 3 years, TIP and ZCMD moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -121.2 %².
By 3-year correlation, ZCMD places #22 of the 29 assets tracked against TIP. The last year tells two different stories: TIP led by 101.3 percentage points, +1.4% for TIP against -99.9% for ZCMD. One caveat on sizing: ZCMD is 32.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
TIP vs ZCMD: side by side
| TIP (iShares TIPS Bond ETF) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +1.4% | -99.9% |
| 5-year return | +1.2% | -100.0% |
| Volatility (ann.) | 4.4% | 141.8% |
| Beta vs S&P 500 | 0.05 | 0.59 |
| Max drawdown (3Y) | -3.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.47% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $14.6B | – |
| Sector / category | ETF · Bonds | US Listed |
On the fund side, TIP sits in the Inflation-Protected Bond category at iShares, with $14.6B under management, a 0.18% expense ratio, a 4.47% trailing dividend yield.
Year-by-year returns
| Year | TIP | ZCMD |
|---|---|---|
| 2022 | -12.3% | -35.4% |
| 2023 | +3.8% | -69.5% |
| 2024 | +1.7% | -53.8% |
| 2025 | +6.8% | -72.2% |
| 2026 | +1.1% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TIP and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between TIP and ZCMD?
As of 2026-08-27, the correlation of weekly returns between TIP and ZCMD is -0.20 over 3 years, -0.14 over 1 year and -0.13 over 5 years.
Is ZCMD a good diversifier for TIP?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tip-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tip-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TIP correlations · ZCMD correlations
