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iShares TIPS Bond ETF (TIP)

ETF · Currency in USD · Last updated Sep 21, 2023

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.

Summary

ETF Info

ISINUS4642871762
CUSIP464287176
IssueriShares
Inception DateDec 4, 2003
RegionNorth America (U.S.)
CategoryInflation-Protected Bonds
Index TrackedBarclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L)
ETF Home Pagewww.ishares.com
Asset ClassBond

Expense Ratio

The iShares TIPS Bond ETF features an expense ratio of 0.19%, falling within the medium range.


0.19%
0.00%2.15%

Share Price Chart


Loading data...

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.


0.00%5.00%10.00%15.00%AprilMayJuneJulyAugustSeptember
-3.04%
11.49%
TIP (iShares TIPS Bond ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with TIP

iShares TIPS Bond ETF

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.


PeriodReturnBenchmark
1 month0.32%0.06%
6 months-2.87%11.82%
Year-To-Date0.36%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


JanFebMarAprMayJunJulAugSepOctNovDec
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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
TIP
iShares TIPS Bond ETF
-0.22
^GSPC
S&P 500
0.74

Sharpe Ratio

The current iShares TIPS Bond ETF Sharpe ratio is -0.22. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00AprilMayJuneJulyAugustSeptember
-0.22
0.74
TIP (iShares TIPS Bond ETF)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-18.00%-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%AprilMayJuneJulyAugustSeptember
-12.40%
-8.22%
TIP (iShares TIPS Bond ETF)
Benchmark (^GSPC)

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, 2008181Nov 24, 2008214Oct 1, 2009395
-14.36%Nov 10, 2021224Sep 30, 2022
-11.2%Mar 9, 20208Mar 18, 202028Apr 28, 202036
-11.06%Dec 11, 2012185Sep 5, 20131393Mar 20, 20191578
-6.3%Mar 18, 200437May 10, 200493Sep 22, 2004130

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.


1.00%2.00%3.00%4.00%5.00%AprilMayJuneJulyAugustSeptember
1.53%
3.47%
TIP (iShares TIPS Bond ETF)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
SCHPAug 5, 20100.05%0.4%1.8%4.0%-14.3%-0.2-0.31.0-0.42.4%
SPIPMay 25, 20070.12%0.3%1.8%3.3%-15.3%-0.2-0.31.0-0.42.5%
TIPZSep 3, 20090.20%0.1%1.8%4.4%-15.4%-0.2-0.31.0-0.32.4%
VTIPOct 12, 20120.04%2.1%1.7%5.1%-6.3%0.40.71.10.70.8%

Portfolios with iShares TIPS Bond ETF


Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
Aronson Family Taxable Portfolio5.64%5.97%2.49%12.23%-42.95%0.19%0.540.81.11.03.5%
David Swensen Lazy Portfolio6.36%6.00%2.85%11.74%-25.66%0.11%0.540.81.10.93.2%
David Swensen Yale Endowment Portfolio5.43%6.20%2.96%11.57%-43.81%0.13%0.360.51.10.63.7%
FundAdvice Ultimate Buy & Hold Portfolio4.73%4.48%2.83%9.93%-21.19%0.14%0.741.11.11.32.6%
Larry Swedroe Minimize FatTails Portfolio1.30%2.81%2.46%6.03%-21.61%0.17%0.160.41.00.32.4%
Larry Swedroe Simple Portfolio3.29%5.32%2.53%10.90%-39.91%0.20%0.500.71.10.83.4%
Scott Burns Couch Portfolio7.69%6.75%2.16%9.22%-31.99%0.11%0.590.91.11.12.3%
Scott Burns Margaritaville Portfolio7.89%5.88%2.45%11.29%-23.92%0.10%0.791.21.11.42.5%