Data as of Oct 28, 2026.
TIP vs XLP: Differences, Returns & Fees
Over the year to Oct 28, 2026, TIP returned −1.0% to XLP's +13.8%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $14.6bn for iShares TIPS Bond ETF and $14.6bn for State Street Consumer Staples Select Sector SPDR ETF.
Pair scorecard
XLP costs 0.10 points a year less; their one-year returns differ by 14.8 points.
| Measure | TIP | XLP |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.0% | +13.8% |
| Drawdown | ||
| Below its high | 3.5%, high on Oct 22, 2026 | |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury Inflation Linked Bond Index | Consumer Staples Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.08% |
| Net assets, as of Oct 27, 2026 | $14.6bn | $14.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 62.9% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Dec 12, 2003 to Oct 23, 2026 · 1,193 weekly returnsXLP returned more: +638.1% to +113.6%. TIP swung less: 5.9% to 13.1%. TIP fell less at its worst: −14.2% to −31.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | TIP | XLP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +113.6% | +638.1% | XLP | Price change plus distributions, reinvested. |
| Annualized | +3.4% | +9.1% | XLP | Total return as a yearly rate. |
| Price return | +4.1% | +312.2% | XLP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.9% | 13.1% | TIP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.3% | 9.3% | TIP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.2% | −31.3% | TIP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.28 | 0.60 | XLP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.39 | 0.83 | XLP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.24 | 0.29 | XLP | 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, TIP and XLP hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
TIP and XLP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TIP and XLP do different jobs. What does each one do in a portfolio?
- What each follows. TIP follows ICE U.S. Treasury Inflation Linked Bond Index and XLP follows Consumer Staples Select Sector Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 TIP returned −1.0% and XLP +13.8% with distributions reinvested, a gap of 14.8 points.
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.
XLP
XLP tracks an index of Consumer staples. Over the year to Oct 28, 2026 it returned +13.8% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 36 positions, with the top ten at 62.9%. It sat 3.5% below its high of Oct 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, TIP or XLP?
- In the year to Oct 28, 2026, with distributions reinvested, TIP returned −1.0% and XLP +13.8%.
- Which is cheaper, TIP or XLP?
- XLP is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, TIP against XLP, data as of Oct 28, 2026. https://etfiq.com/compare/any/tip-vs-xlp
ETFIQ. (Oct 28, 2026). TIP against XLP. Retrieved from https://etfiq.com/compare/any/tip-vs-xlp
[TIP against XLP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tip-vs-xlp)
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