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Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

GOVT vs TIP: how they differ

GOVT and TIP hold 0% of their weight in the same names.

iShares U.S. Treasury Bond ETF and iShares TIPS Bond ETF.

What they hold in common

By the books each fund has filed, GOVT and TIP hold 0% of their money in the same securities at the same weight.

Positions GOVT and TIP both hold, largest shared weight first
HoldingGOVTTIP
BLK CSH FND TREASURY SL AGENCY0.11%0.04%
Largest positions each one holds and the other does not
Only in GOVTOnly in TIP
US TREASURY N/B 0.60%TREASURY (CPI) NOTE 0.10%
TREASURY NOTE (OTR) 0.55%
TREASURY BOND (OLD) 0.42%
TREASURY NOTE (2OLD) 0.25%
TREASURY BOND (OTR) 0.16%
TREASURY NOTE (OLD) 0.11%
TREASURY BOND (2OLD) 0.08%
TREASURY STRIP (INT) 0.04%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.

GOVT and TIP on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
GOVT
iShares U.S. Treasury Bond ETF
TIP
iShares TIPS Bond ETF
Where it sitsCore index fundCore index fund
IssueriSharesiShares
What it isU.S. Treasury BondTIPS Bond
Total return, 1 year−1.0%−1.0%
S&P 500 over the same days+17.5%+17.5%
Gap to the S&P 500−18.5 pts−18.5 pts
Expense ratio0.05%0.18%
Holdings21650

GOVT in plain words

GOVT is a bond fund tracking the U.S. Treasury Bond. Over the year to Sep 11, 2026 it returned −1.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 8.4% below its high of Aug 4, 2020 on Sep 11, 2026.

TIP in plain words

TIP is a bond fund tracking the TIPS Bond. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, GOVT or TIP?
In the year to Sep 13, 2026, with distributions reinvested, GOVT returned −1.0% and TIP returned −1.0%, so TIP returned more. One year is one year; the longer windows are in the table.
Which is cheaper, GOVT or TIP?
GOVT charges 0.05% a year and TIP charges 0.18%, so GOVT is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

GOVT against TIP, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, GOVT against TIP, data as of Sep 13, 2026. https://etfiq.com/compare/any/govt-vs-tip Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources