TIP - TIPS Bond ETF

Description: The index includes all publicly issued, U.S. Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment grade, and have $250 million or more of outstanding face value.

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TIP - Profile


Summary Data for TIP

52 Week Lo: $108.25 52 Week Hi: $121.39
AUM: $12,452.9 M Shares: 110.3 M
Avg. Volume (1 month) 762,870 Avg. Volume (3 month) 799,602
Filings Data as of:

TIP - Holdings

Top Ten Holdings

  1. US Treasury TIP: 11.92%
  2. US Treasury TIP: 6.79%
  3. US Treasury TIP 1.125%: 6.76%
  4. US TREASURY TIP: 5.62%
  5. US Treasury TIP: 4.35%
  6. US Treasury TIP 0.125%: 4.16%
  7. US TREASURY TIP: 4.08%
  8. US TREASURY TIP: 4.07%
  9. US Treasury TIP: 3.93%
  10. US TREASURY TIP: 3.16%
%Assets in Top 10: 54.83%
Total Holdings: 40.0

TIP Asset Allocation


Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 97.58%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 2.18%
Other 0.25%

TIP Bond Sector Breakdown


Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

TIP Bond Detailed Sector Breakdown


Bond Sector Percentage
Government 97.58%
Cash And Equivalents 2.18%
Agency Mortgage Backed 0.0%
Future Forward 0.0%
Asset Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Sector Swap 0.0%
Preferred 0.0%
Corporate Bond 0.0%
Convertible 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Option Warrant 0.0%

TIP Coupon Breakdown


Coupon Range Percentage
0% to 1% 49.7%
1% to 2% 27.73%
2% to 3% 14.38%
3% to 4% 5.76%
4% to 5% 0.0%
5% to 6% 0.0%
6% to 7% 0.0%
7% to 8% 0.0%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%

TIP Credit Quality


Credit Percentage
AAA 0.0%
AA 99.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 1.0%

TIP Maturity Breakdown


Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 13.81%
3-5 Years 19.9%
5-7 Years 13.97%
7-10 Years 25.0%
10-15 Years 13.83%
15-20 Years 3.8%
20-30 Years 7.28%
30+ Years 0.0%
© 2014 Morningstar Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

TIP - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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TIP - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of TIP relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

TIP - Fundamentals

TIP Performance

1 Week Return: 0.73%
2 Week Return: 1.29%
4 Week Return: 0.32%
13 Week Return: 1.74%
26 Week Return: 1.34%
YTD Return: 2.96%
1 Year Return: -6.35%
3 Year Return: 10.16%
5 Year Return: 26.83%

TIP Expenses & Fees

TIP Valuation

P/E Ratio: n/a
Beta: -0.40
20 Day Moving Average: $112.18
60 Day Moving Average: $112.14

TIP Dividend

Annual Dividend Rate: $1.18
Dividend Date: 2013-12-02
Dividend: $0.09
Annual Dividend Yield %: 1.05%

TIP Volatility

5 Day Volatility: 56.26%
20 Day Volatility: 5.02%
50 Day Volatility: 4.66%
200 Day Volatility: 4.56%
Standard Deviation: 2.76%

TIP - Technicals

TIP Technicals

20 Day MA: $112.18
60 Day MA: $112.14
MACD 15 Period: 0.84
MACD 100 Period: 1.56
Williams % Range 10 Day: 7.89
Williams % Range 20 Day: 7.58
RSI 10 Day: 67
RSI 20 Day: 59
RSI 30 Day: 57
Ultimate Oscillator: 60

TIP Bollinger Bands

Lower Bollinger (10 Day): $111.30
Upper Bollinger (10 Day): $113.48
Lower Bollinger (20 Day): $111.21
Upper Bollinger (20 Day): $113.13
Lower Bollinger (30 Day): $111.39
Upper Bollinger (30 Day): $113.14

TIP Support & Resistance

Support Level 1: $112.93
Support Level 2: $112.70
Resistance Level 1: $113.34
Resistance Level 2: $113.52

TIP Stochastic

Stochastic Oscillator %D (1 Day): 51.57
Stochastic Oscillator %D (5 Day): 81.44
Stochastic Oscillator %K (1 Day): 52.95
Stochastic Oscillator %K (5 Day): 76.31

TIP Volatility

5 Day Volatility: 56.26%
20 Day Volatility: 5.02%
50 Day Volatility: 4.66%
200 Day Volatility: 4.56%
Standard Deviation: 2.76%

TIP - ETFdb Realtime Rating & Analyst Report

TIP is a passive ETF that seeks to replicate Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). The index includes all publicly issued, U.S. Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment grade, and have $250 million or more of outstanding face value.

ETFdb Category Expense Ratio Inception Date Issuer Structure YTD Return *
Inflation-Protected Bonds 0.2 2003-12-04 iShares ETF +2.96%

TIP Realtime Rating: By Metric

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+
Expenses A-
Performance B-
Volatility B
Dividend A-
Concentration A-

The first adjacent table gives investors an individual Realtime Rating for TIP on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Inflation-Protected Bonds ETFdb Category with the highest Metric Realtime Rating for each individual field.

TIP Realtime Rating: Overall

ETFdb Rating Type Overall Rating A+ Overall Rated ETF
Realtime Rating (Overall) A WIP

The second table shows the overall Realtime Rating for TIP, as well as the A+ Overall Rated ETF in TIP's Category. To view information on how the ETFdb Realtime Ratings work, click here.

ETFdb Analyst Report for TIP

This ETF offers broad-based exposure to TIPS, bonds issued by the U.S. government featuring principal that adjusts based on certain measures of inflation. TIP has become tremendously popular as a way of protecting asset values against upticks in inflation, and as such can be used in different ways by a number of different types of investors. This ETF may have appeal as a tactical play when concerns about inflationary pressures intensify, or may be used as a core holding in a long-term, but-and-hold portfolio. As a very low risk asset, TIP will generally feature a relatively meager yield. TIP is one of several broad TIPS ETFs; and it is arguably the most famous of the bunch as it has by far the most assets in the Category. This fund is competitive from a cost perspective and offers up unmatched liquidity, making it worthy of consideration for any investors seeking exposure to this corner of the bond market. While TIPS have become popular as a means of protecting against inflation, it is noted that there are potential limitations to this asset class in accomplishing this objective as well. TIP is by no means a surefire defense against inflation; rising interest rates, which tend to accompany upticks in CPI, have the potential to erode the value of this fund. Short-term TIPS ETFs such as STIP or STPZ may be forth a closer look, as well as more creative alternatives such as CPI, RRF or other real return ETFs.

TIP In-Depth

The following tables and charts contain in-depth metrics for TIP and compare it to similar peer ETFs within its ETFdb Category.

Expense Analysis

This section compares the cost efficiency of TIP to peers in the same ETFdb Category.

TIP ETF Average ETF Wtd. Average
0.2 0.58% 0.30%

Comparative Analysis: Inflation-Protected Bonds ETFdb Category

Lo Average Hi TIP Rank
SCHP : 0.07% 0.26% ILB : 0.60% 8 of 14

Commission Free Trading in TIP

TIP is currently available for commission free trading on the following platforms: TD Ameritrade, Fidelity There are 5 other ETFs in the Inflation-Protected Bonds ETFdb Category that are also eligible for commission free trading ITIP (Fidelity) SCHP (Charles Schwab) STIP (Fidelity) STPZ (TD Ameritrade) WIP (TD Ameritrade)

Performance Analysis

This section shows how TIP has performed relative to its peer group ETFdb Category.

  TIP Category Lo Category Hi TIP Rank
1 Week* 0.73% ITIP: -0.06% LTPZ: 2.33% 5 of 14
4 Week* 0.32% TDTF: -0.36% ITIP: 2.88% 9 of 14
13 Week* 1.74% STPZ: 0.25% LTPZ: 5.36% 9 of 14
26 Week* 1.34% TDTF: -0.12% LTPZ: 5.69% 9 of 14
YTD* 2.96% TDTT: 0.36% LTPZ: 8.92% 9 of 14
1 Year* -6.35% LTPZ: -12.57% VTIP: -1.10% 9 of 14
3 Year* 10.16% STPZ: 1.82% LTPZ: 18.96% 4 of 8
5 Year* 26.83% TIP: 26.83% WIP: 43.39% 3 of 3

Volatility Analysis

This section shows how the volatility of TIP compares to the peer group ETFdb Category.

  TIP Category Lo Category Hi TIP Rank
5 Day* 56.26% STPZ: 0.26% LTPZ: 124.43% 3 of 14
20 Day* 5.02% STIP: 1.89% ILB: 10.24% 8 of 14
50 Day* 4.66% STIP: 1.59% LTPZ: 11.00% 7 of 14
200 Day* 4.56% STIP: 1.41% LTPZ: 10.35% 8 of 14
Beta* -0.4 LTPZ: -0.89 STIP: -0.14 8 of 14
Standart Deviation* 2.76% TDTT: 0.13% LTPZ: 3.48% 2 of 14

Technical Analysis

This section highlights technical strength metrics for TIP.

Moving Averages * Support & Resistance * Williams & Rel. Strength *
20 Day MA $112.18 Lower Bolinger (10Day) $111.30 Williams % (10) 7.89
60 Day MA $112.14 Upper Bolinger (10Day) $113.48 Williams % (20) 7.58
MACD 15 Day 0.84 Lower Bolinger (30Day) $111.39 Rel. Strength (10) 67
MACD 100 Day 1.56 Upper Bolinger (30Day) $113.14 Rel. Strength (20) 59
    Support Level $59.43 Rel. Strength (30) 57
    Resistance Level $113.34    

Dividend & Valuation Analysis

This section shows how the dividend yield and P/E multiple of TIP compare to the peer group ETFdb Category.

  TIP Category Lo Category Hi TIP Rank
Annual Dividend Yield* 1.05% VTIP: 0.05% WIP: 2.18% 5 of 14
P/E Ratio* n/a n/a n/a n/a
* As of 2014-04-15

Concentration Analysis

This section compares how balanced and deep TIP is relative to the peer group ETFdb Category.

  TIP Category Lo Category Hi TIP Rank
Number of Holdings** 40 LTPZ: 9 ITIP: 151 5 of 14
% Assets in Top 10** 54.83% ITIP: 24.21% TDTT: 99.99% 8 of 14
** As of 2014-04-02

Alternative ETFs

Other ETFs in the Inflation-Protected Bonds ETFdb Category include:

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHP 0.07% $424.0 M 39,235 3.20%
Largest (AUM) TDTT 0.20% $2,085.5 M 152,937 0.36%
Most Liquid (Volume) TDTT 0.20% $2,085.5 M 152,937 0.36%
Top YTD Performer LTPZ 0.20% $72.5 M 7,473 8.92%

© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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