Data as of Oct 28, 2026.
TIP vs TIPX: Differences, Returns & Fees
TIP's duration was 6.3 years on Jul 31, 2026 and TIPX's 4.4 on Jun 30, 2026; TIPX charges 0.15% to TIP's 0.18%.
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Net assets on Oct 27, 2026: $14.6bn for iShares TIPS Bond ETF and $2.1bn for State Street SPDR Bloomberg 1-10 Year TIPS ETF.
Pair scorecard
TIPX costs 0.03 points a year less; their one-year returns differ by 1.5 points; TIP is 7.0 times larger.
| Measure | TIP | TIPX |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.0% | +0.5% |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury Inflation Linked Bond Index | Bloomberg 1-10 Year U.S. Government Inflation-Linked Bond Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.15% |
| Net assets, as of Oct 27, 2026 | $14.6bn | $2.1bn |
| Holdings | ||
| Holdings in common | 84% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Jun 7, 2013 to Oct 23, 2026 · 698 weekly returnsEach against its own benchmark: TIP against VTP, Jul 18, 2025 to Oct 23, 2026; TIPX against AGG, Jun 7, 2013 to Oct 23, 2026.
TIPX returned more: +33.2% to +29.7%. TIPX swung less: 4.0% to 5.5%. TIPX fell less at its worst: −9.8% to −14.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | TIP | TIPX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +29.7% | +33.2% | TIPX | Price change plus distributions, reinvested. |
| Annualized | +2.0% | +2.2% | TIPX (slight) | Total return as a yearly rate. |
| Price return | −8.0% | −7.6% | TIPX (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.5% | 4.0% | TIPX | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.1% | 3.0% | TIPX | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.2% | −9.8% | TIPX | Deepest fall from a high to the low after it. |
| Upside capture | 99.7% | 59.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 101.8% | 57.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 0.59 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.51 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.03 | 0.08 | TIPX | Return above Treasury bills per unit of volatility. |
| Sortino | 0.05 | 0.11 | TIPX | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.023 | 0.005 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.14 | 0.22 | TIPX | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VTP | AGG | The ETF each fund is measured against. | |
| Alpha | −0.2% a year | +0.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.56 | 0.41 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.0% to +0.6% | −1.2% to +1.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.45 | 0.09 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 3.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 698 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, TIP and TIPX hold 84% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
84% in common
Only in one fund ↓
Side by side
TIP and TIPX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TIP and TIPX are built for the same job. How do they differ in cost, holdings and results?
- What each follows. TIP follows ICE U.S. Treasury Inflation Linked Bond Index and TIPX follows Bloomberg 1-10 Year U.S. Government Inflation-Linked Bond Index.
- Size. TIP has $14.6bn in net assets and TIPX $2.1bn (net assets, as of Oct 27, 2026); TIP is 7.0 times larger.
- Holdings in common (similar). 84% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
Data as of Oct 28, 2026.
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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.
TIPX
TIPX tracks an index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, TIP or TIPX?
- In the year to Oct 28, 2026, with distributions reinvested, TIP returned −1.0% and TIPX +0.5%.
- Which is cheaper, TIP or TIPX?
- TIPX 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.
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ETFIQ, TIP against TIPX, data as of Oct 28, 2026. https://etfiq.com/compare/any/tip-vs-tipx
ETFIQ. (Oct 28, 2026). TIP against TIPX. Retrieved from https://etfiq.com/compare/any/tip-vs-tipx
[TIP against TIPX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tip-vs-tipx)
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