- ISIN
- US4642871762
- CUSIP
- 464287176
- Issuer
- iShares
- Inception Date
- Dec 4, 2003
- Region
- North America (U.S.)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE U.S. Treasury Inflation Linked Bond Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $15B
Share Price Chart
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Performance
TIP Performance Chart
iShares TIPS Bond ETF (TIP) is up 1.1% since the beginning of the year. TIP is currently trading at $109 per share. Investors who bought $1,000 worth of TIP shares 5 years ago would now be looking at an investment worth $1,041.
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Returns By Period
iShares TIPS Bond ETF (TIP) has returned 1.13% so far this year and 4.85% over the past 12 months. Over the last ten years, TIP has returned 2.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.42% annually.
iShares TIPS Bond ETF
- 1D
- 0.17%
- 1M
- -0.73%
- YTD
- 1.13%
- 6M
- 1.28%
- 1Y
- 4.85%
- 3Y*
- 3.76%
- 5Y*
- 0.81%
- 10Y*
- 2.46%
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
TIP Monthly Returns History
Based on dividend-adjusted daily data since Dec 5, 2003, TIP'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 Dec 2008 with a return of +6.5%, while the worst month was Oct 2008 at -8.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TIP closed higher 52% of trading days. The best single day was Mar 20, 2020 with a return of +4.5%, while the worst single day was Oct 8, 2008 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 1.27% | -1.36% | 1.09% | 0.19% | -0.56% | 1.13% | ||||||
| 2025 | 1.37% | 2.16% | 0.68% | 0.13% | -0.63% | 0.94% | 0.01% | 1.61% | 0.42% | 0.32% | 0.22% | -0.62% | 6.77% |
| 2024 | 0.33% | -1.05% | 0.65% | -1.69% | 1.78% | 0.76% | 1.73% | 0.80% | 1.50% | -1.85% | 0.50% | -1.71% | 1.65% |
| 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% | 0.72% | 2.68% | -0.16% | -0.78% | 1.11% | 0.86% | 0.40% | 5.68% |
Benchmark Metrics
iShares TIPS Bond ETF has an annualized alpha of 4.08%, beta of -0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 05, 2003.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.68%) than losses (3.48%) - typical of diversified or defensive assets.
- Beta of -0.03 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
- 4.08%
- Beta
- -0.03
- R²
- 0.01
- Upside Capture
- 13.68%
- Downside Capture
- 3.48%
Expense Ratio
TIP has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
TIP ranks 51 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 iShares TIPS Bond ETF (TIP) and compare them to S&P 500 Index.
| TIP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.54 | -0.07 |
| Martin ratioReturn relative to average drawdown | 7.41 | 11.58 | -4.17 |
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
iShares TIPS Bond ETF provided a 3.77% dividend yield over the last twelve months, with an annual payout of $4.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.12 | $3.80 | $2.69 | $2.94 | $7.41 | $5.53 | $1.49 | $2.04 | $2.97 | $2.37 | $1.67 | $0.37 |
Dividend yield | 3.77% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $1.28 | $1.84 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.71 | $0.54 | $0.27 | $0.38 | $0.26 | $0.42 | $0.20 | $0.36 | $0.66 | $3.80 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.06 | $0.69 | $0.73 | $0.44 | $0.17 | $0.03 | $0.12 | $0.09 | $0.35 | $2.69 |
| 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 |
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.
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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 14.57%, occurring on Nov 24, 2008. Recovery took 214 trading sessions.
The current iShares TIPS Bond ETF drawdown is 0.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -14.57%Nov 2008 | 8mo 18d | 10mo 11d | 1y 6moMar 2008 - Oct 2009 |
2023 correction2023 | -14.51%Oct 2023 | 1y 11mo | 2y 4mo | 4y 3moNov 2021 - Feb 2026 |
COVID crash2020 | -11.20%Mar 2020 | 9d | 1mo 11d | 1mo 20dMar 2020 - Apr 2020 |
2013 correction2013 | -11.06%Sep 2013 | 8mo 28d | 5y 6mo | 6y 3moDec 2012 - Mar 2019 |
2004 pullback2004 | -6.30%May 2004 | 1mo 23d | 4mo 20d | 6mo 13dMar 2004 - Sep 2004 |
Drawdown Indicators
| TIP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -56.78% | +42.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -9.10% | +7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -18.90% | +14.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -25.43% | +10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -33.92% | +19.41% |
Current DrawdownCurrent decline from peak | -0.73% | -2.93% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -10.72% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.99% | -1.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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