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SPDR Portfolio TIPS ETF (SPIP) Sharpe Ratio: 1.43

ETF · Currency in USD · Last updated Jun 3, 2026

SPIP is a passive ETF by State Street tracking the investment results of the Bloomberg Barclays US Government Inflation-linked Bond Index. SPIP launched on May 25, 2007 and has a 0.12% expense ratio.

SPIP's Sharpe Ratio of 1.43 indicates that for each unit of volatility, it generates 1.43 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SPIP Sharpe Ratio Rank

SPIP Sharpe Ratio Rank: 39.840
Below Average

SPIP ranks above 39.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SPIP Sharpe Ratio Market Positioning

The chart shows SPIP's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.75+
  • Median: 1.76 — half of all investments score higher

How it compares to other similar ETFs

The table compares SPDR Portfolio TIPS ETF's Sharpe Ratio with other ETFs in the Inflation-Protected Bonds category across multiple time periods, showing how SPIP's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
IBICiShares iBonds Oct 2026 Term TIPS ETF4.97
RBILF/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF4.93
IBIDiShares iBonds Oct 2027 Term TIPS ETF3.73
STIPiShares 0-5 Year TIPS Bond ETF3.17
VTIPVanguard Short-Term Inflation-Protected Securities ETF3.10
PBTPInvesco PureBeta 0-5 Yr US TIPS ETF3.01
IBIEiShares iBonds Oct 2028 Term TIPS ETF3.00
LDRIiShares iBonds 1-5 Year TIPS Ladder ETF2.45
TDTTFlexShares iBoxx 3-Year Target Duration TIPS Index Fund2.43
STPZPIMCO 1-5 Year US TIPS Index ETF2.43
SPIPSPDR Portfolio TIPS ETF1.43

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SPIP's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SPIP consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SPIP fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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