Data as of Oct 28, 2026.
IEF vs TIP: Differences, Returns & Fees
IEF's duration was 7.0 years on Aug 31, 2026 and TIP's 6.3 on Jul 31, 2026; IEF charges 0.15% to TIP's 0.18%.
askIQ about this page
askIQ about IEF and TIP
Net assets on Oct 27, 2026: $43.5bn for iShares 7-10 Year Treasury Bond ETF and $14.6bn for iShares TIPS Bond ETF.
Pair scorecard
IEF costs 0.03 points a year less; their one-year returns differ by 2.2 points; IEF is 3.0 times larger.
| Measure | IEF | TIP |
|---|---|---|
| Return | ||
| Total return, 1 year | −3.2% | −1.0% |
| Drawdown | ||
| Below its high | 13.1%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury 7-10 Year Bond Index | ICE U.S. Treasury Inflation Linked Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.18% |
| Net assets, as of Oct 27, 2026 | $43.5bn | $14.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Dec 12, 2003 to Oct 23, 2026 · 1,193 weekly returnsTIP returned more: +113.6% to +101.4%. TIP swung slightly less: 5.9% to 6.4%. TIP fell less at its worst: −14.2% to −23.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IEF | TIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +101.4% | +113.6% | TIP | Price change plus distributions, reinvested. |
| Annualized | +3.1% | +3.4% | TIP (slight) | Total return as a yearly rate. |
| Price return | +7.4% | +4.1% | IEF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 6.4% | 5.9% | TIP (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.5% | 4.3% | TIP (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −23.3% | −14.2% | TIP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.23 | 0.28 | TIP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.32 | 0.39 | TIP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.13 | 0.24 | TIP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,193 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IEF and TIP hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
IEF and TIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IEF and TIP do different jobs. What does each one do in a portfolio?
- What each follows. IEF follows ICE U.S. Treasury 7-10 Year Bond Index and TIP follows ICE U.S. Treasury Inflation Linked Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IEF returned −3.2% and TIP −1.0% with distributions reinvested, a gap of 2.2 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
IEF
IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% 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, IEF or TIP?
- In the year to Oct 28, 2026, with distributions reinvested, IEF returned −3.2% and TIP −1.0%.
- Which is cheaper, IEF or TIP?
- IEF is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
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, IEF against TIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/ief-vs-tip
ETFIQ. (Oct 28, 2026). IEF against TIP. Retrieved from https://etfiq.com/compare/any/ief-vs-tip
[IEF against TIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ief-vs-tip)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.