iShares TIPS Bond ETF (TIP)
TIP is an exchange-traded fund (ETF) by iShares that aims to track the investment results of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index. The TIPS Index is a benchmark for the U.S. market for inflation-protected securities issued by the U.S. government. These securities are designed to provide investors with a return linked to the inflation rate, as measured by the Consumer Price Index (CPI). Investors can potentially protect their purchasing power from inflation by investing in TIPS.
TIP was launched on December 4, 2003, and has a low 0.19% expense ratio. TIP is a passive ETF, meaning it seeks to track the performance of its benchmark index rather than attempting to outperform it through active management.
ETF Info
| ISIN | US4642871762 |
|---|---|
| CUSIP | 464287176 |
| Issuer | iShares |
| Inception Date | Dec 4, 2003 |
| Region | North America (U.S.) |
| Category | Inflation-Protected Bonds |
| Index Tracked | Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
TIP has an expense ratio of 0.19%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TIP vs. VTIP, TIP vs. STIP, TIP vs. SPIP, TIP vs. SCHP, TIP vs. TLT, TIP vs. BND, TIP vs. IEF, TIP vs. TIPZ, TIP vs. DBC, TIP vs. VGSH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares TIPS Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares TIPS Bond ETF had a return of 1.42% year-to-date (YTD) and 2.79% in the last 12 months. Over the past 10 years, iShares TIPS Bond ETF had an annualized return of 1.78%, while the S&P 500 had an annualized return of 10.58%, indicating that iShares TIPS Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.42% | 13.20% |
| 1 month | 0.25% | -1.28% |
| 6 months | 2.05% | 10.32% |
| 1 year | 2.79% | 18.23% |
| 5 years (annualized) | 2.00% | 12.31% |
| 10 years (annualized) | 1.78% | 10.58% |
Monthly Returns
The table below presents the monthly returns of TIP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.33% | -1.05% | 0.65% | -1.69% | 1.78% | 0.76% | 1.42% | ||||||
| 2023 | 2.08% | -1.35% | 2.86% | 0.05% | -1.20% | -0.34% | 0.04% | -0.81% | -1.92% | -0.72% | 2.78% | 2.44% | 3.80% |
| 2022 | -2.06% | 0.86% | -1.88% | -2.18% | -0.99% | -3.12% | 4.31% | -2.70% | -6.73% | 1.42% | 1.83% | -1.32% | -12.26% |
| 2021 | 0.27% | -1.69% | -0.26% | 1.43% | 1.02% | 0.73% | 2.68% | -0.16% | -0.78% | 1.11% | 0.86% | 0.40% | 5.68% |
| 2020 | 2.14% | 0.92% | -1.76% | 3.03% | 0.65% | 0.99% | 2.33% | 0.89% | -0.38% | -0.68% | 1.21% | 1.10% | 10.84% |
| 2019 | 1.42% | -0.17% | 1.98% | 0.22% | 1.75% | 0.75% | 0.31% | 2.33% | -1.11% | -0.03% | 0.29% | 0.35% | 8.35% |
| 2018 | -0.85% | -1.03% | 1.01% | -0.13% | 0.33% | 0.65% | -0.53% | 0.64% | -0.97% | -1.52% | 0.48% | 0.53% | -1.42% |
| 2017 | 0.89% | 0.41% | 0.00% | 0.45% | -0.04% | -0.87% | 0.46% | 1.04% | -0.70% | 0.24% | 0.09% | 0.94% | 2.92% |
| 2016 | 1.57% | 1.22% | 1.67% | 0.21% | -0.64% | 2.25% | 0.64% | -0.34% | 0.75% | -0.54% | -2.07% | -0.04% | 4.68% |
| 2015 | 3.23% | -1.29% | -0.48% | 0.68% | -1.01% | -1.02% | 0.54% | -0.95% | -0.52% | 0.30% | -0.14% | -1.01% | -1.75% |
| 2014 | 2.10% | 0.44% | -0.53% | 1.32% | 2.00% | 0.37% | -0.09% | 0.61% | -2.59% | 0.90% | 0.16% | -1.05% | 3.59% |
| 2013 | -0.52% | 0.19% | 0.21% | 0.79% | -4.19% | -3.80% | 0.90% | -1.83% | 1.76% | 0.34% | -1.06% | -1.45% | -8.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TIP is 28, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares TIPS Bond ETF granted a 3.12% dividend yield in the last twelve months. The annual payout for that period amounted to $3.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.34 | $2.94 | $7.41 | $5.53 | $1.49 | $2.04 | $2.97 | $2.37 | $1.67 | $0.37 | $1.87 | $1.26 |
Dividend yield | 3.12% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.06 | $0.69 | $0.73 | $0.44 | $1.92 | |||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.13 | $0.57 | $0.31 | $0.50 | $0.22 | $0.32 | $0.17 | $0.45 | $0.26 | $2.94 |
| 2022 | $0.00 | $0.44 | $0.23 | $0.80 | $0.94 | $1.37 | $0.57 | $1.15 | $1.44 | $0.00 | $0.00 | $0.48 | $7.41 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.30 | $0.52 | $0.68 | $0.83 | $0.78 | $0.90 | $0.43 | $0.12 | $0.97 | $5.53 |
| 2020 | $0.00 | $0.13 | $0.00 | $0.18 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.32 | $0.16 | $1.49 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.64 | $0.61 | $0.27 | $0.06 | $0.20 | $0.02 | $0.21 | $2.04 |
| 2018 | $0.00 | $0.02 | $0.00 | $0.29 | $0.50 | $0.34 | $0.43 | $0.47 | $0.39 | $0.10 | $0.09 | $0.34 | $2.97 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.16 | $0.28 | $0.26 | $0.29 | $0.22 | $0.24 | $0.05 | $0.22 | $0.66 | $2.37 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.51 | $0.46 | $0.42 | $0.00 | $0.00 | $0.24 | $1.67 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.06 | $0.00 | $0.00 | $0.37 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.65 | $0.34 | $0.36 | $0.19 | $0.00 | $0.00 | $0.06 | $1.87 |
| 2013 | $0.08 | $0.31 | $0.29 | $0.15 | $0.07 | $0.10 | $0.05 | $0.12 | $0.09 | $1.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares 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 TIPS Bond ETF was 14.56%, occurring on Nov 24, 2008. Recovery took 214 trading sessions.
The current iShares TIPS Bond ETF drawdown is 8.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.56% | Mar 11, 2008 | 181 | Nov 24, 2008 | 214 | Oct 1, 2009 | 395 |
| -14.51% | Nov 10, 2021 | 479 | Oct 6, 2023 | — | — | — |
| -11.2% | Mar 9, 2020 | 8 | Mar 18, 2020 | 28 | Apr 28, 2020 | 36 |
| -11.06% | Dec 11, 2012 | 185 | Sep 5, 2013 | 1393 | Mar 20, 2019 | 1578 |
| -6.3% | Mar 18, 2004 | 37 | May 10, 2004 | 93 | Sep 22, 2004 | 130 |
Volatility
Volatility Chart
The current iShares TIPS Bond ETF volatility is 1.18%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.