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iShares TIPS Bond ETF (TIP) Diversifiers

ETF · Currency in USD · Last updated Jun 4, 2026

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.

Looking to diversify beyond TIP? The ETFs below have the lowest correlation with TIP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TIP.

Best Diversifiers for TIP

1299 ETFs have low correlation with TIP (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
YCS
ProShares UltraShort Yen-0.43-0.44-0.43
61
Leveraged CurrencyTIP vs YCS
UGA
United States Gasoline Fund LP-0.21-0.070.03
69
Oil & GasTIP vs UGA
CSHP
iShares Enhanced Short-Term Bond Active ETF-0.21——
100
Ultrashort BondTIP vs CSHP
USOY
Defiance Oil Enhanced Options Income ETF-0.20——
56
Derivative IncomeTIP vs USOY
DBO
Invesco DB Oil Fund-0.20-0.080.02
65
Oil & GasTIP vs DBO
See all 1594 diversifiers for TIP

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TIP and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.13, down from 0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CF
CF Industries Holdings, Inc.-0.13-0.020.01
60
Basic Materials
COP
ConocoPhillips Company-0.13-0.030.01
76
Energy
XOM
Exxon Mobil Corporation-0.130.000.04
85
Energy
ET
Energy Transfer LP-0.110.030.03
69
Energy
CVX
Chevron Corporation-0.100.000.05
83
Energy
See all 147 low-correlation stocks for TIP

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Diversification Analysis

Build a portfolio that complements TIP

Add TIP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with TIP