TIP vs CNP
- 6 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
TIP and CNP clearly differ on 6 of 19 forces. The widest gap is euro: in weeks when the euro rose 2% against the U.S. dollar, TIP typically moved +0.07% and CNP −2.5%.
| Economic force | TIPiShares TIPS Bond ETF | CNPCenterPoint Energy |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.5%−1.6% to −1.4%Clear | −1.1%−2.1% to −0.22%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.5%+1.3% to +1.6%Clear | +0.89%−1.8% to +3.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | 0.00%−0.06% to +0.06%Not distinguishable from zero | +0.22%−0.81% to +1.3%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.01%−0.02% to +0.04%Not distinguishable from zero | +0.32%−0.29% to +0.94%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.17%+0.05% to +0.29%Tentative | +0.27%−1.4% to +2.0%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.14%−0.20% to −0.07%Clear | +1.3%−0.24% to +2.9%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | 0.00%−0.03% to +0.03%Not distinguishable from zero | −0.87%−1.6% to −0.15%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.05%0.00% to +0.09%Tentative | +0.50%−0.32% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.01%−0.02% to +0.04%Not distinguishable from zero | −0.13%−0.90% to +0.64%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.01%−0.01% to +0.04%Not distinguishable from zero | +0.10%−0.31% to +0.51%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | 0.00%0.00% to 0.00%Not distinguishable from zero | −0.03%−0.05% to −0.01%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.02%−0.05% to +0.01%Not distinguishable from zero | −0.09%−0.64% to +0.47%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | 0.00%−0.01% to +0.01%Not distinguishable from zero | +0.29%+0.06% to +0.53%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | 0.00%−0.01% to +0.01%Not distinguishable from zero | +0.45%+0.28% to +0.62%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | 0.00%−0.01% to +0.01%Not distinguishable from zero | −0.02%−0.32% to +0.28%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollarClear difference | +0.07%−0.02% to +0.16%Not distinguishable from zero | −2.5%−4.3% to −0.74%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.02%−0.01% to +0.06%Not distinguishable from zero | −0.44%−1.1% to +0.26%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.01%−0.02% to 0.00%Not distinguishable from zero | +0.07%−0.18% to +0.32%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | 0.00%0.00% to +0.01%Not distinguishable from zero | +0.17%+0.03% to +0.31%Tentative |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.