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) |
| ETF Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
The iShares TIPS Bond ETF features an expense ratio of 0.19%, falling within the medium range.
Share Price Chart
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Performance
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.
Compare to other instruments
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. DBC, TIP vs. TIPZ, TIP vs. VGSH
Return
iShares TIPS Bond ETF had a return of 0.36% year-to-date (YTD) and -1.59% in the last 12 months. Over the past 10 years, iShares TIPS Bond ETF had an annualized return of 1.74%, while the S&P 500 had an annualized return of 9.93%, indicating that iShares TIPS Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.32% | 0.06% |
| 6 months | -2.87% | 11.82% |
| Year-To-Date | 0.36% | 14.66% |
| 1 year | -1.59% | 14.17% |
| 5 years (annualized) | 2.15% | 8.51% |
| 10 years (annualized) | 1.74% | 9.93% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -1.35% | 2.86% | 0.05% | -1.20% | -0.34% | 0.04% | -0.81% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | -0.22 | ||||
^GSPC S&P 500 | 0.74 |
Dividend History
iShares TIPS Bond ETF granted a 2.42% dividend yield in the last twelve months. The annual payout for that period amounted to $2.54 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.54 | $7.41 | $5.53 | $1.49 | $2.04 | $2.97 | $2.37 | $1.67 | $0.37 | $1.87 | $1.26 | $2.69 |
Dividend yield | 2.42% | 7.09% | 4.64% | 1.32% | 2.01% | 3.16% | 2.49% | 1.81% | 0.42% | 2.08% | 1.45% | 2.84% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.13 | $0.57 | $0.31 | $0.50 | $0.22 | ||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.08 | $0.31 | $0.29 | $0.15 | $0.07 | $0.10 | $0.05 | $0.12 | $0.09 |
| 2012 | $0.32 | $0.43 | $0.80 | $0.35 | $0.00 | $0.00 | $0.00 | $0.29 | $0.49 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the iShares TIPS Bond ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the iShares TIPS Bond ETF is 14.56%, recorded on Nov 24, 2008. It took 214 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.56% | Mar 11, 2008 | 181 | Nov 24, 2008 | 214 | Oct 1, 2009 | 395 |
| -14.36% | Nov 10, 2021 | 224 | Sep 30, 2022 | — | — | — |
| -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 Chart
The current iShares TIPS Bond ETF volatility is 1.53%, 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.
Alternatives
| Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SCHP | Aug 5, 2010 | 0.05% | 0.4% | 1.8% | 4.0% | -14.3% | -0.2 | -0.3 | 1.0 | -0.4 | 2.4% |
| SPIP | May 25, 2007 | 0.12% | 0.3% | 1.8% | 3.3% | -15.3% | -0.2 | -0.3 | 1.0 | -0.4 | 2.5% |
| TIPZ | Sep 3, 2009 | 0.20% | 0.1% | 1.8% | 4.4% | -15.4% | -0.2 | -0.3 | 1.0 | -0.3 | 2.4% |
| VTIP | Oct 12, 2012 | 0.04% | 2.1% | 1.7% | 5.1% | -6.3% | 0.4 | 0.7 | 1.1 | 0.7 | 0.8% |
Portfolios with iShares TIPS Bond ETF
| Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aronson Family Taxable Portfolio | 5.64% | 5.97% | 2.49% | 12.23% | -42.95% | 0.19% | 0.54 | 0.8 | 1.1 | 1.0 | 3.5% |
| David Swensen Lazy Portfolio | 6.36% | 6.00% | 2.85% | 11.74% | -25.66% | 0.11% | 0.54 | 0.8 | 1.1 | 0.9 | 3.2% |
| David Swensen Yale Endowment Portfolio | 5.43% | 6.20% | 2.96% | 11.57% | -43.81% | 0.13% | 0.36 | 0.5 | 1.1 | 0.6 | 3.7% |
| FundAdvice Ultimate Buy & Hold Portfolio | 4.73% | 4.48% | 2.83% | 9.93% | -21.19% | 0.14% | 0.74 | 1.1 | 1.1 | 1.3 | 2.6% |
| Larry Swedroe Minimize FatTails Portfolio | 1.30% | 2.81% | 2.46% | 6.03% | -21.61% | 0.17% | 0.16 | 0.4 | 1.0 | 0.3 | 2.4% |
| Larry Swedroe Simple Portfolio | 3.29% | 5.32% | 2.53% | 10.90% | -39.91% | 0.20% | 0.50 | 0.7 | 1.1 | 0.8 | 3.4% |
| Scott Burns Couch Portfolio | 7.69% | 6.75% | 2.16% | 9.22% | -31.99% | 0.11% | 0.59 | 0.9 | 1.1 | 1.1 | 2.3% |
| Scott Burns Margaritaville Portfolio | 7.89% | 5.88% | 2.45% | 11.29% | -23.92% | 0.10% | 0.79 | 1.2 | 1.1 | 1.4 | 2.5% |