TIP TIPS Bond ETF

  • ETF
  • TIP
  • Category
  • Inflation-Protected Bonds
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Investment Themes

Alternative ETFs in the Inflation-Protected Bonds Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHP 0.07% $902.1 M 126,511 1.92%
Largest (AUM) VTIP 0.10% $1,971.1 M 294,403 0.00%
Most Liquid (Volume) VTIP 0.10% $1,971.1 M 294,403 0.00%
Top YTD Performer LTPZ 0.20% $116.3 M 52,502 5.55%

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.

Realtime Rating

Realtime Rating

Realtime Rating Summary

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.

The adjacent table shows a Realtime Rating for several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, highlights the best rated ETF in the Inflation-Protected Bonds category for each metric. To view information on how the ETFdb Realtime Ratings work, click here.

TIP Overall Realtime Rating: A

A+ Overall Rated ETF: WIP

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ TIP
Expenses A- SCHP
Performance B- WIP
Volatility B STIP
Dividend A- WIP
Concentration A- ITIP

Knowledge Center

Analyst Report

Analyst Report

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 Analysis

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

Holdings

TIP Holdings

Filings Data as of: Feb 02, 2016

Top Ten Holdings

  1. US Treasury TIP
    10.38%
  2. US Treasury Note
    9.44%
  3. US Treasury TIP
    8.37%
  4. US Treasury Note
    5.58%
  5. US Treasury TIP
    5.51%
  6. US Treasury TIP
    4.27%
  7. US Treasury TIP
    4.11%
  8. US Treasury TIP
    3.79%
  9. US Treasury TIP 1.125%
    3.66%
  10. US Treasury TIP
    3.16%

Concentration Analysis

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

Number of Holdings
Rank: 5 of 14
39
Category Low LTPZ (9)
Category High ITIP (185)
% Assets in Top 10
Rank: 6 of 14
58.26%
Category Low ITIP (16.68%)
Category High ILB (123.06%)

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 96.85%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 1.82%
Other 1.32%

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%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Government 85.15%
Corporate Bond 11.7%
Cash And Equivalents 1.82%
Agency Mortgage Backed 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%
Future Forward 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%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 64.47%
1% to 2% 19.08%
2% to 3% 9.1%
3% to 4% 4.2%
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%

Credit Quality

Credit Percentage
AAA 100.0%
AA 0.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 13.82%
3-5 Years 21.13%
5-7 Years 12.73%
7-10 Years 28.72%
10-15 Years 9.88%
15-20 Years 0.72%
20-30 Years 9.85%
30+ Years 0.0%
Expense

TIP Expenses & Fees

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

Expenses Ratio Analysis

Expense Ratio
Rank: 5 of 14
0.20%
Category Low SCHP (0.07%)
Category High ILB (0.60%)

Commission Free Trading

This ETF is currently available for commission free trading on the following platforms: (TD Ameritrade, Fidelity)

Category Commission Free Trading

There are 6 other ETFs in the Inflation-Protected Bonds ETFdb Category that are also eligible for commission free trading:

Performance

TIP Performance

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

1 Week Return
Rank: 3 of 14
0.29%
Category Low ILB (-1.32%)
Category High LTPZ (1.48%)
4 Week Return
Rank: 7 of 13
1.61%
Category Low STIP (0.03%)
Category High LTPZ (5.68%)
13 Week Return
Rank: 4 of 14
2.14%
Category Low ILB (-3.94%)
Category High LTPZ (6.14%)
26 Week Return
Rank: 2 of 13
0.51%
Category Low ILB (-5.05%)
Category High LTPZ (0.92%)
Year to Date Return
Rank: 5 of 13
2.13%
Category Low ILB (-1.42%)
Category High LTPZ (5.55%)
1 Year Return
Rank: 6 of 14
-0.60%
Category Low ILB (-10.52%)
Category High TDTF (0.16%)
3 Year Return
Rank: 6 of 14
-4.25%
Category Low ILB (-21.67%)
Category High VTIP (-2.88%)
5 Year Return
Rank: 3 of 8
17.33%
Category Low WIP (0.31%)
Category High LTPZ (37.56%)
Charts

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.

Valuation

TIP Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

P/E Ratio
Rank: N/A
No Ranking Available
Category Low N/A
Category High N/A

As of Feb 11, 2016

Dividend

TIP Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

Annual Dividend Yield
Rank: 6 of 14
0.33%
Category Low TDTT (0.08%)
Category High ILB (1.15%)

As of Feb 11, 2016

Technicals

TIP Technicals

Volatility Analysis

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

5 Day Volatility
Rank: 3 of 14
53.33%
Category Low ITIP (5.52%)
Category High IPE (58.23%)
20 Day Volatility
Rank: 9 of 14
3.46%
Category Low STIP (1.31%)
Category High ILB (9.87%)
50 Day Volatility
Rank: 9 of 14
4.32%
Category Low STIP (1.56%)
Category High LTPZ (12.36%)
200 Day Volatility
Rank: 9 of 14
4.13%
Category Low STIP (1.53%)
Category High ILB (12.00%)
Beta
Rank: 7 of 14
-0.18
Category Low LTPZ (-0.51)
Category High ILB (0.46)
Standard Deviation
Rank: 5 of 14
1.25%
Category Low TDTT (0.11%)
Category High LTPZ (2.56%)

Technicals

  • 20 Day MA: $110.90
  • 60 Day MA: $110.38
  • MACD 15 Period: 0.86
  • MACD 100 Period: 1.46
  • Williams % Range 10 Day: 16.67
  • Williams % Range 20 Day: 8.91
  • RSI 10 Day: 71
  • RSI 20 Day: 64
  • RSI 30 Day: 60
  • Ultimate Oscillator: 49

Bollinger Bands

  • Lower Bollinger (10 Day): $111.07
  • Upper Bollinger (10 Day): $112.01
  • Lower Bollinger (20 Day): $109.58
  • Upper Bollinger (20 Day): $112.26
  • Lower Bollinger (30 Day): $109.23
  • Upper Bollinger (30 Day): $112.03

Support & Resistance

  • Support Level 1: $111.72
  • Support Level 2: $111.41
  • Resistance Level 1: $112.27
  • Resistance Level 2: $112.51

Stochastic

  • Stochastic Oscillator %D (1 Day): 55.77
  • Stochastic Oscillator %D (5 Day): 60.45
  • Stochastic Oscillator %K (1 Day): 46.79
  • Stochastic Oscillator %K (5 Day): 53.76
Fact Sheet

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.

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.