ETF Evaluator:
iShares 0-1 Year TIPS Bond ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Short-Term Inflation-Protected Bond Over the Last Year
| 4.1% | F/m Ultrshrt Trs Infl-Protd Sec TIPS ETF (RBIL) |
| 3.5% | Vanguard Short-Term Infl-Prot Secs ETF (VTIP) |
| 3.5% | iShares 0-5 Year TIPS Bond ETF (STIP) |
| 3.4% | Invesco 0-5 Yr US TIPS ETF (PBTP) |
| 3.4% | iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) |
Risk
Index
Risk
Index
ETF Details
iShares 0-1 Year TIPS Bond ETF Overview
iShares 0-1 Year TIPS Bond ETF (ICPI) is a passively managed Taxable Bond Short-Term Inflation-Protected Bond exchange-traded fund (ETF). iShares launched the ETF in 2025.
The investment seeks to track the investment results of the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index composed of inflation-protected U.S. Treasury bonds with remaining maturities of less than or equal to one year.
The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the index. TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors.
About iShares 0-1 Year TIPS Bond ETF (ICPI)
There are 3 members of the management team with an average tenure of 0.70 years: James Mauro (2025), Jonathan Graves (2025) and Marcus Tom (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: ICE US Treasury 0-1Y Infl Link Bd TR USD index with a weighting of 100%. iShares 0-1 Year TIPS Bond ETF has 7 securities in its portfolio. The top 10 holdings constitute 99.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares 0-1 Year TIPS Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares 0-1 Year TIPS Bond ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 75.2% (75.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares 0-1 Year TIPS Bond ETF has 24.8% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $3 billion average for the Short-Term Inflation-Protected Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ICPI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares 0-1 Year TIPS Bond ETF expense ratio is low compared to funds in the Short-Term Inflation-Protected Bond category. iShares 0-1 Year TIPS Bond ETF has an expense ratio of 0.09%, which is 32% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares 0-1 Year TIPS Bond ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 38% for the Short-Term Inflation-Protected Bond category.
Recently, in the month of July 2026, iShares 0-1 Year TIPS Bond ETF returned 0.3%, which earned it a grade of A, as the Short-Term Inflation-Protected Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares 0-1 Year TIPS Bond ETF has a trailing yield of 0.00%, which is below the 4.76% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares 0-1 Year TIPS Bond ETF Grades
Year to date, the ETF has returned 2.8%, 0.9 percentage points better than the category, which translates into a grade of A.
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ICPI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ICPI Return (NAV) | 0.3% | 0.7% | na | na | na | na |
| ICPI Return (Price) | 0.4% | 0.7% | na | na | na | na |
| NAV +/- Price Return | -0.011% | -0.011% | na | na | na | na |
| Short-Term Inflation-Protected Bond Avg | 0.2% | -0.0% | 3.4% | 4.9% | 2.7% | 3.0% |
| ICPI Grade (NAV) | A | A | na | na | na | na |
| +/- Category (NAV) | 0.2% | 0.7% | na | na | na | na |
| ICPI Tax-Cost Ratio | na | na | na | na | na | na |
ICPI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ICPI Return (NAV) | 2.8% | na | na | na | na | na | na | na | na | na | na |
| ICPI Return (Price) | 2.9% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.032% | na | na | na | na | na | na | na | na | na | na |
| Short-Term Inflation-Protected Bond Avg | 1.9% | 6.3% | 4.3% | 4.5% | -4.2% | 5.4% | 6.0% | 5.3% | 0.2% | 0.9% | 3.0% |
| ICPI Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.9% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 14 Mil |
| Share Class Assets: | $ 14 Mil |
| Turnover: | na |
| Expense Ratio: | 0.09% |
| Index Fund: | Yes |
| Index Tracked: | ICE US Treasury 0-1Y Infl Link Bd TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Mauro James (2025), Graves Jonathan (2025), Tom Marcus (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 99.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 75.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 24.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | November 19, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.09% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.13% |
