Which returned more over the last year, GOVT or TIP?

In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and TIP −1.0%.

Which is cheaper, GOVT or TIP?

GOVT is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GOVT vs TIP: Differences, Returns & Fees

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On Jul 31, 2026 GOVT's duration was 5.5 years and TIP's 6.3; GOVT charges 0.05% to TIP's 0.18%.

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Net assets on Oct 27, 2026: $42.8bn for iShares U.S. Treasury Bond ETF and $14.6bn for iShares TIPS Bond ETF.

GOVT on its own →TIP on its own →

At a glance

−1.5%

GOVT total return, 1 year

−1.0%

TIP total return, 1 year

0.05%

GOVT expense ratio

0.18%

TIP expense ratio

Pair scorecard

GOVT costs 0.13 points a year less; their one-year returns differ by 0.5 points; GOVT is 2.9 times larger.

GOVT vs TIP: Differences, Returns & Fees
Measure	GOVT	TIP
Return
Measure	GOVT	TIP
Total return, 1 year	−1.5%	−1.0%
Drawdown
Measure	GOVT	TIP
Below its high	8.1%, high on Aug 4, 2020
Benchmark
Measure	GOVT	TIP
What it tracks	ICE U.S. Treasury Core Bond Index	ICE U.S. Treasury Inflation Linked Bond Index
Cost and size
Measure	GOVT	TIP
Expense ratio	0.05%	0.18%
Net assets, as of Oct 27, 2026	$42.8bn	$14.6bn
Holdings
Measure	GOVT	TIP
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026. Method

What they share

By the books each fund has filed, GOVT and TIP hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GOVT TIP

Only in one fund ↓

Only in GOVT

U.S. Treasury Notes, due Nov 15, 2031 5.28%

U.S. Treasury Notes, due Feb 15, 2029 2.95%

U.S. Treasury Notes, due Feb 15, 2028 2.63%

U.S. Treasury Notes, due Nov 15, 2028 2.08%

U.S. Treasury Notes, due May 15, 2028 1.62%

U.S. Treasury Bonds, due May 15, 2046 1.48%

U.S. Treasury Bonds, due Nov 15, 2042 1.46%

U.S. Treasury Bonds, due Feb 15, 2051 1.46%

Only in TIP

U.S. Treasury Inflation Linked Notes, due Jul 15, 2035 3.99%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2035 3.94%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2036 3.92%

U.S. Treasury Inflation Linked Notes, due Jul 15, 2034 3.71%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2034 3.55%

U.S. Treasury Inflation Linked Notes, due Oct 15, 2030 3.37%

U.S. Treasury Inflation Linked Notes, due Apr 15, 2030 3.32%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2033 3.31%

Check overlap with more funds →

Side by side

GOVT iShares U.S. Treasury Bond ETF TIP iShares TIPS Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of U.S. Treasury Bond Tracks an index of TIPS Bond

Total return, 1 year −1.5% −1.0%

Its benchmark over the same days not measured −0.8% (VTP)

Gap to its benchmark not measured −0.2 pts vs VTP

Expense ratio 0.05% 0.18%

Holdings 229 48

Net assets, as of Oct 27, 2026 $42.8bn $14.6bn

GOVT and TIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

GOVT

GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 on Oct 28, 2026.

TIP

TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. 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 Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and TIP −1.0%.
Which is cheaper, GOVT or TIP?: GOVT is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GOVT vs SCHP GOVT vs IGIB GOVT vs VGLT GOVT vs VTIP IEF vs TIP TIP vs VGIT IUSB vs TIP MBB vs TIP

Where to next

GOVT on its own →TIP on its own →Hold both: look the portfolio through →Rankings →GOVT dividend history →GOVT holdings →TIP dividend history →TIP holdings →Standards and sources →

Sources and dates

GOVT and TIP filings on SEC EDGAR ↗

GOVT and TIP prospectus with the expense ratio (SEC) ↗

iShares page for GOVT ↗

iShares page for TIP ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, GOVT against TIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/govt-vs-tip

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.