- ISIN
- US78464A6560
- CUSIP
- 00078464A656
- Issuer
- State Street
- Inception Date
- May 25, 2007
- Region
- North America (U.S.)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Barclays US Government Inflation-linked Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SPIP Performance Chart
SPDR Portfolio TIPS ETF (SPIP) is up 1.7% since the beginning of the year. SPIP is currently trading at $26 per share. Investors who bought $1,000 worth of SPIP shares 5 years ago would now be looking at an investment worth $1,052.
Loading charts...
Returns By Period
SPDR Portfolio TIPS ETF (SPIP) has returned 1.65% so far this year and 5.09% over the past 12 months. Over the last ten years, SPIP has returned 2.63% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
SPDR Portfolio TIPS ETF
- 1D
- -0.02%
- 1M
- -0.02%
- YTD
- 1.65%
- 6M
- 1.38%
- 1Y
- 5.09%
- 3Y*
- 3.91%
- 5Y*
- 1.01%
- 10Y*
- 2.63%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
SPIP Monthly Returns History
Based on dividend-adjusted daily data since May 30, 2007, SPIP's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Mar 2009 with a return of +5.8%, while the worst month was Oct 2008 at -7.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SPIP closed higher 51% of trading days. The best single day was Mar 20, 2020 with a return of +4.3%, while the worst single day was Mar 10, 2020 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.46% | 1.30% | -1.48% | 1.09% | 0.27% | 0.02% | 1.65% | ||||||
| 2025 | 1.26% | 2.38% | 0.61% | 0.03% | -0.67% | 0.97% | 0.09% | 1.51% | 0.50% | 0.44% | 0.11% | -0.61% | 6.78% |
| 2024 | 0.98% | -1.12% | 0.35% | -1.32% | 1.49% | 1.03% | 1.81% | 0.79% | 1.53% | -1.76% | 0.38% | -1.74% | 2.35% |
| 2023 | 2.10% | -1.44% | 2.89% | 0.02% | -1.69% | 0.24% | 0.04% | -1.01% | -1.90% | -0.79% | 2.70% | 1.94% | 2.98% |
| 2022 | -2.29% | 0.82% | -1.94% | -2.34% | -1.22% | -3.20% | 4.48% | -2.72% | -6.80% | 1.22% | 1.87% | -1.10% | -12.84% |
| 2021 | 0.13% | -2.05% | -0.01% | 1.48% | 1.07% | 0.72% | 2.81% | -0.21% | -0.72% | 1.06% | 1.14% | 0.31% | 5.80% |
Benchmark Metrics
SPDR Portfolio TIPS ETF has an annualized alpha of 4.24%, beta of -0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 31, 2007.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.29%) than losses (3.98%) - typical of diversified or defensive assets.
- Beta of -0.04 may look defensive, but with R2 of 0.01 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 0.01 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
- 4.24%
- Beta
- -0.04
- R²
- 0.01
- Upside Capture
- 13.29%
- Downside Capture
- 3.98%
Expense Ratio
SPIP has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
SPIP ranks 42 for risk / return — on par with similar ETFs. 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 SPDR Portfolio TIPS ETF (SPIP) and compare them to S&P 500 Index.
| SPIP | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 2.39 | -0.96 |
Sortino ratioReturn per unit of downside risk | 2.09 | 3.25 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 3.11 | -0.61 |
Martin ratioReturn relative to average drawdown | 7.33 | 14.38 | -7.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
SPDR Portfolio TIPS ETF provided a 4.75% dividend yield over the last twelve months, with an annual payout of $1.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.22 | $1.06 | $0.85 | $0.95 | $1.82 | $1.43 | $0.61 | $0.83 | $0.76 | $0.85 | $0.53 | $0.04 |
Dividend yield | 4.75% | 4.09% | 3.36% | 3.70% | 7.05% | 4.53% | 1.97% | 2.91% | 2.80% | 3.02% | 1.88% | 0.14% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Portfolio TIPS 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 | $0.01 | $0.12 | $0.15 | $0.30 | $0.59 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.19 | $0.14 | $0.08 | $0.10 | $0.08 | $0.11 | $0.06 | $0.10 | $0.19 | $1.06 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.14 | $0.17 | $0.18 | $0.13 | $0.05 | $0.02 | $0.04 | $0.03 | $0.09 | $0.85 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.23 | $0.14 | $0.08 | $0.13 | $0.06 | $0.08 | $0.04 | $0.11 | $0.07 | $0.95 |
| 2022 | $0.00 | $0.11 | $0.06 | $0.20 | $0.24 | $0.34 | $0.14 | $0.28 | $0.35 | $0.00 | $0.00 | $0.10 | $1.82 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.10 | $0.14 | $0.17 | $0.20 | $0.19 | $0.23 | $0.11 | $0.04 | $0.23 | $1.43 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Portfolio TIPS 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 SPDR Portfolio TIPS ETF was 15.39%, occurring on Oct 6, 2023. The portfolio has not yet recovered.
The current SPDR Portfolio TIPS ETF drawdown is 0.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -15.39%Oct 2023 | 1y 11mo | — | 4y 6moNov 2021 - now |
Financial crisis2007–2009 | -14.38%Nov 2008 | 8mo 16d | 10mo 11d | 1y 6moMar 2008 - Oct 2009 |
2013 correction2013 | -11.92%Sep 2013 | 9mo 2d | 5y 6mo | 6y 3moDec 2012 - Mar 2019 |
COVID crash2020 | -10.66%Mar 2020 | 9d | 1mo 11d | 1mo 20dMar 2020 - Apr 2020 |
2011 pullback2011 | -5.74%Feb 2011 | 3mo 17d | 2mo 8d | 5mo 25dOct 2010 - Apr 2011 |
Drawdown Indicators
| SPIP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.39% | -56.78% | +41.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -9.10% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -18.90% | +14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.39% | -25.43% | +10.04% |
Max Drawdown (10Y)Largest decline over 10 years | -15.39% | -33.92% | +18.53% |
Current DrawdownCurrent decline from peak | -0.87% | 0.00% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -10.72% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.97% | -1.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SPIP
Add SPDR Portfolio TIPS ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SPIP