iShares 0-1 Year TIPS Bond ETF (ICPI) belongs to the Inflation-Protected Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ICPI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ICPI
ICPI charges 0.09% annually. There are 5 ETFs in the Inflation-Protected Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.03% | 70.50B | Oct 2012 | ICPI vs VTIP | |
| Schwab U.S. TIPS ETF | 0.03% | 16.50B | Aug 2010 | ICPI vs SCHP | |
| Vanguard Total Inflation-Protected Securities ETF | 0.05% | 148.10M | Jul 2025 | ICPI vs VTP | |
| iShares 0-5 Year TIPS Bond ETF | 0.06% | 15.79B | Dec 2010 | ICPI vs STIP | |
| Invesco PureBeta 0-5 Yr US TIPS ETF | 0.07% | 98.74M | Sep 2017 | ICPI vs PBTP |
Best Risk-Adjusted Alternatives to ICPI
Among 34 ETFs in the Inflation-Protected Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | 98 | 79.20M | Sep 2023 | ICPI vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 97 | 138.94M | Feb 2025 | ICPI vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | 96 | 118.00M | Sep 2023 | ICPI vs IBID | |
| iShares 0-5 Year TIPS Bond ETF | 91 | 15.79B | Dec 2010 | ICPI vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | 89 | 70.50B | Oct 2012 | ICPI vs VTIP |
Top Performing ICPI Alternatives (YTD)
ICPI is at 2.76% YTD. There is 1 ETF in the Inflation-Protected Bonds category with a higher YTD return, going as high as 3.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Ionic Inflation Protection ETF | 3.22% | 10.49M | Jun 2022 | ICPI vs CPII | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 2.59% | 138.94M | Feb 2025 | ICPI vs RBIL | |
| SPDR FTSE International Government Inflation-Prote... | 2.58% | 492.30M | Mar 2008 | ICPI vs WIP | |
| iShares iBonds Oct 2026 Term TIPS ETF | 2.55% | 79.20M | Sep 2023 | ICPI vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | 2.31% | 118.00M | Sep 2023 | ICPI vs IBID |
Lowest Volatility Alternatives to ICPI
ICPI has 1.00% 1-year volatility. There are 2 ETFs in the Inflation-Protected Bonds category with lower 1-year volatility, going as low as 0.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | 0.91% | 79.20M | Sep 2023 | ICPI vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 0.95% | 138.94M | Feb 2025 | ICPI vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | 1.24% | 118.00M | Sep 2023 | ICPI vs IBID | |
| iShares 0-5 Year TIPS Bond ETF | 1.53% | 15.79B | Dec 2010 | ICPI vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | 1.57% | 70.50B | Oct 2012 | ICPI vs VTIP |
Lowest Drawdown Alternatives to ICPI
Among 34 ETFs in the Inflation-Protected Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27% | 79.20M | Sep 2023 | ICPI vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.55% | 118.00M | Sep 2023 | ICPI vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.56% | 138.94M | Feb 2025 | ICPI vs RBIL | |
| iShares iBonds 1-5 Year TIPS Ladder ETF | -0.60% | 21.96M | Nov 2024 | ICPI vs LDRI | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.71% | 70.50B | Oct 2012 | ICPI vs VTIP |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 14 categories. AUM among these funds goes as high as $894B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.95% | 97.69B | May 2020 | ICPI vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 1 | -26.71% | 46.82B | Jan 2024 | ICPI vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 91 | 76.35% | 47.60B | Jul 2001 | ICPI vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 66 | 10.73% | 894.38B | May 2000 | ICPI vs IVV | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 88 | 12.80% | 42.05B | Jun 2014 | ICPI vs DGRO | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 15 | -1.19% | 42.18B | Jul 2002 | ICPI vs TLT | |
| iShares Silver Trust | Silver, Precious Metals | 26 | -21.78% | 28.37B | Apr 2006 | ICPI vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 21 | -7.85% | 60.94B | Jan 2005 | ICPI vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 72 | 20.58% | 83.34B | May 2000 | ICPI vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 63 | 11.23% | 33.36B | Mar 2008 | ICPI vs ACWI |
Often Compared With ICPI
Investors most often compare ICPI with BUCK, MTBA, IVOL. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare ICPI with Any Fund or Stock
Compare ICPI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ICPI with funds that move differently
iShares 0-1 Year TIPS Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ICPI.
Explore ICPI Diversifiers