- ISIN
- US09258N8855
- Issuer
- BlackRock
- Inception Date
- Feb 15, 2016
- Category
- Inflation-Protected Bonds
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BIIPX Performance Chart
iShares Short-Term TIPS Bond Index Fund (BIIPX) is up 0.8% since the beginning of the year. BIIPX is currently trading at $10 per share. Investors who bought $1,000 worth of BIIPX shares 5 years ago would now be looking at an investment worth $1,146.
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Returns By Period
iShares Short-Term TIPS Bond Index Fund (BIIPX) has returned 0.82% so far this year and 3.39% over the past 12 months.
iShares Short-Term TIPS Bond Index Fund
- 1D
- 0.00%
- 1M
- 0.21%
- YTD
- 0.82%
- 6M
- 1.19%
- 1Y
- 3.39%
- 3Y*
- 4.68%
- 5Y*
- 2.76%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BIIPX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, BIIPX's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Mar 2023 with a return of +1.8%, while the worst month was Sep 2022 at -2.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BIIPX closed higher 33% of trading days. The best single day was May 29, 2026 with a return of +1.1%, while the worst single day was Jun 14, 2022 at -0.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.53% | 0.41% | 0.03% | 0.88% | 0.12% | -1.13% | 0.82% | ||||||
| 2025 | 0.95% | 1.10% | 0.97% | 0.78% | -0.34% | 0.43% | 0.34% | 1.38% | -0.04% | -0.01% | 0.37% | -0.04% | 6.05% |
| 2024 | 0.52% | -0.21% | 0.53% | -0.08% | 0.91% | 0.65% | 0.85% | 0.61% | 0.99% | -0.38% | 0.41% | -0.15% | 4.75% |
| 2023 | 0.75% | -0.42% | 1.82% | -0.31% | -0.70% | -0.22% | 0.51% | 0.14% | -0.21% | -0.21% | 1.03% | 1.05% | 3.25% |
| 2022 | -0.61% | 1.06% | -0.51% | -0.18% | 0.30% | -1.89% | 0.91% | -1.58% | -2.89% | 0.96% | 0.42% | -0.13% | -4.12% |
| 2021 | 0.58% | -0.00% | 0.52% | 0.79% | 0.83% | -0.03% | 1.29% | 0.06% | -0.06% | 0.67% | 0.23% | 0.20% | 5.19% |
Benchmark Metrics
iShares Short-Term TIPS Bond Index Fund has an annualized alpha of 2.69%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.38%) than losses (3.73%) - typical of diversified or defensive assets.
- Beta of 0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.69%
- Beta
- 0.01
- R²
- 0.01
- Upside Capture
- 9.38%
- Downside Capture
- 3.73%
Expense Ratio
BIIPX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
BIIPX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund (BIIPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIIPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 2.78 | +0.18 |
| Martin ratioReturn relative to average drawdown | 11.68 | 12.44 | -0.76 |
Dividends
Dividend History
iShares Short-Term TIPS Bond Index Fund provided a 4.64% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.45 | $0.41 | $0.25 | $0.43 | $0.46 | $0.16 | $0.23 | $0.27 | $0.19 |
Dividend yield | 4.64% | 4.64% | 4.30% | 2.65% | 4.56% | 4.39% | 1.58% | 2.27% | 2.74% | 1.89% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Short-Term TIPS Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.06 | $0.11 | $0.00 | $0.19 | ||||||
| 2025 | $0.01 | $0.02 | $0.07 | $0.06 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.07 | $0.08 | $0.05 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.41 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.03 | $0.05 | $0.03 | $0.04 | $0.03 | $0.00 | $0.04 | $0.01 | $0.25 |
| 2022 | $0.04 | $0.02 | $0.07 | $0.07 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.01 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.04 | $0.06 | $0.07 | $0.06 | $0.08 | $0.03 | $0.01 | $0.01 | $0.07 | $0.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Short-Term TIPS Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Short-Term TIPS Bond Index Fund was 6.46%, occurring on Sep 30, 2022. Recovery took 437 trading sessions.
The current iShares Short-Term TIPS Bond Index Fund drawdown is 1.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -6.46%Sep 2022 | 6mo 25d | 1y 9mo | 2y 3moMar 2022 - Jun 2024 |
COVID crash2020 | -4.05%Mar 2020 | 12d | 2mo 22d | 3mo 4dMar 2020 - Jun 2020 |
Bear market2022 | -1.90%Feb 2022 | 2mo 23d | 18d | 3mo 11dNov 2021 - Feb 2022 |
2026 pullback2026 | -1.22%May 2026 | 17d | 7d | 24dMay 2026 - May 2026 |
2026 pullback2026 | -1.13%Jun 2026 | 14d | — | 20d 6hJun 2026 - now |
Drawdown Indicators
| BIIPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.46% | -56.78% | +50.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -9.10% | +7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -1.22% | -18.90% | +17.68% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -25.43% | +18.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.13% | -1.80% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -10.71% | +9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 2.03% | -1.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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