- CUSIP
- 46438G257
- Issuer
- iShares
- Inception Date
- Nov 19, 2025
- Region
- North America (United States)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $13M
Share Price Chart
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Performance
ICPI Performance Chart
iShares 0-1 Year TIPS Bond ETF (ICPI) is up 2.5% since the beginning of the year. ICPI is currently trading at $51 per share.
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Returns By Period
iShares 0-1 Year TIPS Bond ETF
- 1D
- 0.08%
- 1M
- 0.07%
- YTD
- 2.53%
- 6M
- 2.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.34%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
ICPI Monthly Returns History
Based on dividend-adjusted daily data since Nov 20, 2025, ICPI's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 88% of months were positive and 13% were negative. The best month was Mar 2026 with a return of +0.9%, while the worst month was Jun 2026 at 0.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, ICPI closed higher 59% of trading days. The best single day was May 12, 2026 with a return of +0.2%, while the worst single day was Mar 25, 2026 at -0.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 0.27% | 0.87% | 0.60% | 0.38% | 0.00% | 2.53% | ||||||
| 2025 | 0.18% | 0.14% | 0.32% |
Benchmark Metrics
iShares 0-1 Year TIPS Bond ETF has an annualized alpha of 5.48%, beta of -0.02, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since November 20, 2025.
- This ETF captured 6.02% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -17.65%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.08 this ETF 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 ETF's risk.
- R2 of 0.08 means this ETF 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
- 5.48%
- Beta
- -0.02
- R²
- 0.08
- Upside Capture
- 6.02%
- Downside Capture
- -17.65%
Expense Ratio
ICPI has an expense ratio of 0.09%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) 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.
| ICPI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
iShares 0-1 Year TIPS Bond ETF provided a 1.80% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.91 | $0.27 |
Dividend yield | 1.80% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 0-1 Year TIPS Bond ETF. 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 | $0.00 | $0.06 | $0.18 | $0.40 | $0.64 | ||||||
| 2025 | $0.27 | $0.27 |
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 0-1 Year TIPS Bond ETF. 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 0-1 Year TIPS Bond ETF was 0.31%, occurring on Jun 17, 2026. The portfolio has not yet recovered.
The current iShares 0-1 Year TIPS Bond ETF drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -0.31%Jun 2026 | 7d | — | 11d 18hJun 2026 - now |
2026 pullback2026 | -0.22%Mar 2026 | 0s | 5d | 5dMar 2026 - Mar 2026 |
2026 pullback2026 | -0.20%Apr 2026 | 0s | 14d | 14dApr 2026 - Apr 2026 |
2026 pullback2026 | -0.14%Mar 2026 | 0s | 1d | 1dMar 2026 - Mar 2026 |
2026 pullback2026 | -0.11%May 2026 | 2d | 4d | 6dMay 2026 - May 2026 |
Drawdown Indicators
| ICPI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -56.78% | +56.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.49% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -10.72% | +10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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