TIP
iShares TIPS Bond ETF

Price: $109.38
Change: $0.73 (0.01%)
Category: Inflation-Protected Bonds
Last Updated:

Vitals

Issuer BlackRock Financial Management
Brand iShares
Structure ETF
Expense Ratio 0.19%
ETF Home Page Home page
Inception Dec 04, 2003
Index Tracked ICE US Treasury Inflation Linked Bond Index - Benchmark TR Gross

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.

ETF Database Themes

Category Inflation-Protected Bonds
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) TIPS
Bond Duration All-Term

FactSet Classifications

Segment Fixed Income: U.S. - Government, Inflation-linked Investment Grade
Category Government, Inflation-linked
Focus Investment Grade
Niche Broad Maturities
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $104.17
  • 52 Week Hi $122.23
  • AUM $22,974.9 M
  • Shares 211.7 M

Historical Trading Data

  • 1 Month Avg. Volume 3,590,227
  • 3 Month Avg. Volume 3,239,378

Alternative ETFs in the ETF Database Inflation-Protected Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest STIP 0.03% $13.0 B 2 M 1.17%
Largest (AUM) VTIP 0.04% $15.6 B 3 M 1.11%
Most Liquid (Volume) VTIP 0.04% $15.6 B 3 M 1.11%
Top YTD Performer LTPZ 0.20% $665.8 M 187,041 7.02%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Inflation-linked Investment Grade Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHP 0.04% $14.0 B 2 M 2.78%
Largest (AUM) SCHP 0.04% $14.0 B 2 M 2.78%
Most Liquid (Volume) SCHP 0.04% $14.0 B 2 M 2.78%
Top YTD Performer SPIP 0.12% $2.1 B 810,556 2.80%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

TIP ETF Database Category Average FactSet Segment Average
Number of Holdings 49 33 27
% of Assets in Top 10 39.11% 61.76% 66.88%
% of Assets in Top 15 54.93% 74.92% 77.06%
% of Assets in Top 50 100.00% 97.04% 100.00%

Size Comparison

TIP ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

TIP Valuation

This section compares the P/E ratio of this ETF to its peers.

TIP
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

TIP Dividend

This section compares the dividend yield of this ETF to its peers.

TIP ETF Database Category Average FactSet Segment Average
Dividend $ 0.12 $ 0.16 $ 0.05
Dividend Date 2021-11-01 N/A N/A
Annual Dividend Rate $ 5.03 $ 1.83 $ 1.59
Annual Dividend Yield 3.86% 3.37% 2.52%

TIP Price and Volume Charts

View charts featuring TIP price and volume data.

TIP Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -545.34 M 1 Month Net Flows: -534.53 M 3 Month Net Flows: -2.6 B 6 Month Net Flows: -5.2 B 1 Year Net Flows: -7.92 B 3 Year Net Flows: 5.46 B 5 Year Net Flows: 1.23 B 10 Year Net Flows: 5.4 B

TIP Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -662.03 M
1 Month Net AUM Change: -29.75 M
3 Month Net AUM Change: -2.18 B
6 Month Net AUM Change: -7.33 B
1 Year Net AUM Change: -13.62 B
3 Year Net AUM Change: 1.72 B
5 Year Net AUM Change: -1.73 B
10 Year Net AUM Change: 1.11 B

Realtime Rating

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 ETF Database Pro members, highlights the best rated ETF in the Inflation-Protected Bonds category for each metric. To view information on how the ETF Database Realtime Ratings work, click here.

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

A+ Overall Rated ETF: WIP

TIP Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

TIP
Expense Ratio
0.19%
ETF Database Category Average
Expense Ratio
0.23%
FactSet Segment Average
Expense Ratio
0.43%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores
5.48/10
ESG Score
29.08%
Global Percentile
61.18%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      0.0%
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      0.0%
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      0.0
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      0.0%
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      0.0%
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      0.0%
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      0.0%
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      0.0%
      Lower improves ESG score
    • Water Stress Exposure High (%)
      0.0%
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      0.0%
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      0.0%
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      0.0%
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      0.0%
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      0.0%
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      0.0%
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      0.0%
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      0.0%
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      0.0%
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      0.0%
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      0.0%
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      0.0%
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      0.0%
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      0.0%
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      0.0%
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      0.0%
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      0.0%
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      0.0%
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      0.0%
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      0.0%
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      0.0%
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      0.0%
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      0.0%
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      0.0%
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      0.0%
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      0.0%
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      0.0%
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      0.0%
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      0.0%
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      0.0%
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      0.0%
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      0.0%
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      0.0%
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      0.0%
      Lower improves ESG score
    • Three OR More Female Directors (%)
      0.0%
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      0.0%
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      0.0%
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      0.0%
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      0.0%
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      0.0%
      Lower improves ESG score
    • One Share One Vote (%)
      0.0%
      Lower improves ESG score
    • No Annual Director Elections (%)
      0.0%
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      0.0%
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      0.0%
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      0.0%
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      0.0%
      Lower improves ESG score
    • Cross Shareholdings (%)
      0.0%
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      0.0%
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      0.0%
      Lower improves ESG score
    • No Pay Performance Link (%)
      0.0%
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      0.0%
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      0.0%
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      0.0%
      Lower improves ESG score

TIP Performance

This section shows how this ETF has performed relative to its peers.

TIP ETF Database
Category Average 		Factset Segment
Average
1 Month Return 2.76% 2.03% 1.12%
3 Month Return 3.26% 2.75% 1.50%
YTD Return 2.76% 2.03% 1.12%
1 Year Return -7.34% -5.46% -5.51%
3 Year Return 3.39% 4.41% 1.59%
5 Year Return 13.76% 10.00% 6.14%

Geographic Exposure

The following charts reflect the geographic spread of TIP's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of TIP's underlying holdings.

Asset Percentage
Sovereign 98.14%
Other 1.36%
CASH 0.5%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
 
View Less Charts
 
Asset Percentage
Sovereign 98.14%
Other 1.36%
CASH 0.5%
 
View More Charts
 

TIP Technicals

Volatility Analysis

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

5 Day Volatility 73.73%
20 Day Volatility 7.54%
50 Day Volatility 8.31%
200 Day Volatility 9.40%
Beta 0.08
Standard Deviation 4.44%
 
View Detailed Analysis
 
5 Day Volatility
73.73%
Rank
6 of 18
Low
PBTP (6.81%)
High
LTPZ (129.10%)
20 Day Volatility
7.54%
Rank
8 of 18
Low
STIP (2.80%)
High
LTPZ (20.52%)
50 Day Volatility
8.31%
Rank
8 of 18
Low
STIP (3.13%)
High
LTPZ (22.51%)
200 Day Volatility
9.40%
Rank
8 of 18
Low
VTIP (4.01%)
High
LTPZ (22.99%)
Beta
0.08
Rank
5 of 17
Low
IVOL (0.05)
High
RINF (0.48)
Standard Deviation
4.44%
Rank
2 of 17
Low
PBTP (0.34%)
High
LTPZ (7.24%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $108.48
  • 60 Day MA $107.55
  • MACD 15 Period 0.58
  • MACD 100 Period 2.30
  • Williams % Range 10 Day 17.80
  • Williams % Range 20 Day 7.00
  • RSI 10 Day 61
  • RSI 20 Day 58
  • RSI 30 Day 56
  • Ultimate Oscillator 63

Bollinger Bands

  • Lower Bollinger (10 Day) $108.45
  • Upper Bollinger (10 Day) $109.46
  • Lower Bollinger (20 Day) $107.01
  • Upper Bollinger (20 Day) $109.84
  • Lower Bollinger (30 Day) $106.08
  • Upper Bollinger (30 Day) $109.79

Support & Resistance

  • Support Level 1 $108.72
  • Support Level 2 $108.05
  • Resistance Level 1 $109.77
  • Resistance Level 2 $110.15

Stochastic

  • Stochastic Oscillator %D (1 Day) 59.89
  • Stochastic Oscillator %D (5 Day) 55.80
  • Stochastic Oscillator %K (1 Day) 53.09
  • Stochastic Oscillator %K (5 Day) 57.21

Tradability

  • Tracking Difference Median (%) -0.19
  • Tracking Difference Max Upside (%) -0.05
  • Tracking Difference Max Downside (%) -0.33
  • Median Premium Discount (%) 0.08
  • Maximum Premium Discount (%) 0.66
  • Average Spread (%) 1.01
  • Average Spread ($) 1.01

Financial Advisor Report

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Fact Sheet

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

Download the Fact Sheet PDF

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ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2023 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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