ETF Evaluator:
iShares TIPS Bond ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Inflation-Protected Bond Over the Last Year
| 3.4% | American Beacon Ionic Inflation Prot ETF (CPII) |
| 3.0% | JPMorgan Inflation Managed Bond ETF (JCPI) |
| 2.8% | FlexShares iBoxx 5Yr Target Dur TIPS ETF (TDTF) |
| 2.6% | Vanguard Total Inflation Protd Secs ETF (VTP) |
| 2.5% | Schwab US TIPS ETF™ (SCHP) |
Risk
Index
Risk
Index
ETF Details
iShares TIPS Bond ETF Overview
iShares TIPS Bond ETF (TIP) is a passively managed Taxable Bond Inflation-Protected Bond exchange-traded fund (ETF). iShares launched the ETF in 2003.
The investment seeks to track the investment results of the ICE U.S. Treasury Inflation Linked Bond Index composed of inflation-protected U.S. Treasury bonds.
The index tracks the performance of inflation-protected public obligations of the U.S. Treasury, commonly known as “TIPS,” that have a remaining maturity of more than one year. The fund will invest at least 80% of its assets in the component securities of the index, and it will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the index.
About iShares TIPS Bond ETF (TIP)
There are 3 members of the management team with an average tenure of 5.70 years: James Mauro (2011), Jonathan Graves (2025) and Marcus Tom (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and ICE US Treasury Inflation Linked TR USD index with a weighting of 100%. iShares TIPS Bond ETF has 51 securities in its portfolio. The top 10 holdings constitute 36.3% 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 TIPS Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares 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 98.9% (98.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares TIPS Bond ETF has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $14 billion in total assets, which is above the $2 billion average for the 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.
TIP 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 TIPS Bond ETF expense ratio is low compared to funds in the Inflation-Protected Bond category. iShares TIPS Bond ETF has an expense ratio of 0.18%, which is 34% lower than its category average, making the fund expense ratio grade a C. 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 TIPS Bond ETF has a portfolio turnover rate of 22%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 37% for the Inflation-Protected Bond category.
Recently, in the month of July 2026, iShares TIPS Bond ETF returned -0.7%, which earned it a grade of C, as the Inflation-Protected Bond category had an average return of -0.7%. 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 TIPS Bond ETF has a trailing yield of 4.47%, which is below the 4.95% category average.
The fund normally distributes its income monthly 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 TIPS Bond ETF Grades
Year to date, the ETF has returned 0.5%, 1.0 percentage points better than the category, which translates into a grade of C. The fund has returned 2.4% over the past year (grade of C), 3.5% over the past three years (grade of C) and 0.2% per year over the past five years (grade of C) and 2.3% per year over the past 10 years (grade of C).
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TIP 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 |
|
| TIP Return (NAV) | -0.7% | -1.0% | 2.4% | 3.5% | 0.2% | 2.3% |
| TIP Return (Price) | -0.7% | -1.0% | 2.5% | 3.5% | 0.2% | 2.3% |
| NAV +/- Price Return | -0.015% | -0.034% | -0.107% | -0.011% | 0.006% | -0.012% |
| Inflation-Protected Bond Avg | -0.7% | -1.4% | 1.2% | 2.6% | -1.1% | 2.0% |
| TIP Grade (NAV) | C | C | C | C | C | C |
| +/- Category (NAV) | -0.0% | 0.5% | 1.2% | 0.9% | 1.2% | 0.2% |
| TIP Tax-Cost Ratio | na | na | 1.8% | 1.3% | 1.6% | 1.3% |
TIP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TIP Return (NAV) | 0.5% | 6.7% | 1.9% | 3.7% | -12.1% | 5.5% | 10.9% | 8.3% | -1.4% | 2.9% | 4.6% |
| TIP Return (Price) | 0.5% | 6.8% | 1.7% | 3.8% | -12.2% | 5.7% | 10.8% | 8.3% | -1.4% | 2.9% | 4.7% |
| NAV +/- Price Ret | 0.118% | 0.009% | -0.124% | 0.035% | 0.009% | 0.027% | -0.007% | 0.9% | -0.7% | -0.0% | 2.7% |
| Inflation-Protected Bond Avg | -0.5% | 6.9% | 0.3% | 2.4% | -13.6% | 5.0% | 12.4% | 9.3% | -2.2% | 3.7% | 5.2% |
| TIP Grade (NAV) | C | D | C | C | C | D | D | D | C | D | D |
| +/- Category | 1.0% | -0.1% | 1.6% | 1.3% | 1.4% | 0.5% | -1.5% | -1.0% | 0.8% | -0.8% | -0.6% |
| Risk Measures | |
| Beta: | 0.69 |
| R-Squared: | 88% |
| Standard Deviation: | 4.2% |
| Category Risk Index: | 0.79 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.34 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.5% |
| Total Assets: | $ 14,603 Mil |
| Share Class Assets: | $ 14,603 Mil |
| Turnover: | 22.0% |
| Expense Ratio: | 0.18% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 15.1 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Mauro James (2011), Graves Jonathan (2025), Tom Marcus (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 36.3% |
| 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: | 98.9% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | www.ishares.com |
| Inception Date: | December 4, 2003 |
Expenses and Fees
| Expense Ratio (%): | 0.18% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.27% |
