TIP — iShares TIPS Bond ETF

TIP Price Performance — Growth of $10,000

Value of a $10,000 investment in TIP over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

TIP Drawdown

The "underwater" chart: TIP's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares TIPS Bond ETF (TIP) operates within the US Bonds - TIPS category, where ETFValuer tracks a total of 6 funds. Issued by iShares, this fund manages $14.7 billion in assets and trades at a price of $107.77. It holds an overall rank of #341 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.2 out of 100. The fund charges an expense ratio of 0.18% and currently offers a dividend yield of 1.16%. The substantial asset under management figure suggests significant investor adoption relative to the smaller universe of TIPS-focused vehicles. This combination of cost, yield, and asset size positions the fund as a established option within its specific bond sector.

Over the last day, the fund posted a return of +0.10%, while the one-week period showed no change with a 0.00% return. Short-term performance turned negative over the past month at -0.98% and the three-month horizon at -0.97%, though the six-month return recovered slightly to +0.23%. Year-to-date gains stand at +0.71%, and the one-year return is recorded at +2.62%. Longer-term data shows a 3-year return of +12.66%, indicating a divergence between recent short-term volatility and sustained multi-year growth. The pattern reflects a period of recent stagnation or decline following a stronger one-year performance.

This fund carries a volatility label of Very Low and a beta of 0.69, suggesting it moves less than the broader market. Despite the low volatility, the Sharpe ratio is -0.69, indicating that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded is -4.06%, which represents the largest peak-to-trough decline experienced by the fund. This combination of low beta and negative Sharpe ratio implies that while the fund may not exhibit extreme price swings, it has struggled to generate sufficient returns to compensate for the risk taken. The modest maximum drawdown aligns with the low volatility classification, showing limited downside severity even during periods of negative performance.

AI-generated summary based on the data on this page.

TIP Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 35.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how TIP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With TIP

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with TIP's top 10 — SGOV overlaps most, holding 1 of the same companies as TIP's top 10 (35.7% of TIP's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.26% (as of 2026-07-29) — The market’s implied 10-year inflation expectation, derived from Treasury and TIPS yields — directly relevant to this fund’s inflation-protection design.

TIP Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.07% and average daily volume is 1.9M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $14.7B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: TIP is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

TIP Performance History

How TIP Compares to Other US Bonds - TIPS ETFs