ICPIvsTLTWETF Comparison
VS
ETF 2
TLTW
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
This fund is part of
Options Strategies
-0.47%
iShares 0-1 Year TIPS Bond ETF (ICPI) belongs to the Money Market Bonds segment. iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) is part of the Options Strategies segment. Both ETFs have the same top 2 sector exposures: Sovereign and Non-Corporate. ICPI is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.35% for TLTW. ICPI is up 3.2% year-to-date (YTD) with +$21M in YTD flows. TLTW performs worse with -0.98% YTD performance, and +$299M in YTD flows. Run a side-by-side ETF comparison of ICPI and TLTW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ICPI vs TLTW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICPI TLTW | +0.45%+0.15% | +0.70%-2.39% | +3.20%-0.98% | n/a+3.94% | n/a+4.46% | n/an/a |
| Flows | ICPI TLTW | +$9M-$9M | +$12M-$61M | +$21M+$299M | -+$662M | -+$1.59B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICPI TLTW | +0.93%+8.53% | n/a+8.20% | n/a+10.21% | n/an/a |
| Max drawdown | ICPI TLTW | -0.29%-5.59% | n/a-6.44% | n/a-11.15% | n/an/a |
| Max drawdown duration | ICPI TLTW | 34d64d | n/a184d | n/a332d | n/an/a |
Trading data
ICPI | TLTW | |
Last sale 9/2/2026 at 1:30 PM | $50.18 | $21.13 |
| Previous close 09/01/2026 | $50.21 | $21.25 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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ICPI | TLTW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
ICPI | TLTW | |
|---|---|---|
| Last price | $50.18 | $21.13 |
| 1D performance | -0.05% | -0.56% |
| AuM | $22.57 M | $1.82 B |
| E/R | 0.09% | 0.35% |
Characteristics
ICPI | TLTW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index | Cboe TLT 2% OTM BuyWrite Index |
| N° of holdings | 5 | 47 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | August 18, 2022 |
| ESG | No | No |
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Exposure
Countries
ICPI
USA
100%
TLTW
USA
100.11%
Other
-0.11%
Sectors
ICPI
Sovereign
99.79%
Other
0.21%
TLTW
Sovereign
99.94%
Other
0.06%
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Diversification
ICPI
Total weight of top 5 holdings out of 5
100%
TLTW
Total weight of top 15 holdings out of 15
59.48%
Top 15 holdings
Data as of July 31, 2026
ICPI
USA, TIPS 0.125% 15apr2027, USD (X-2027)
31.32%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
31.02%
USA, TIPS 0.375% 15jan2027, USD (A-2027)
24.82%
USA, TIPS 2.375% 15jan2027, USD
12.63%
BlackRock Liquidity T-Fund
0.21%
TLTW
USA, Bonds 4.125% 15aug2053, USD
4.68%
USA, Bonds 4.75% 15nov2053, USD
4.55%
USA, Bonds 4.75% 15may2055, USD
4.51%
USA, Bonds 4.625% 15may2054, USD
4.45%
USA, Bonds 4.25% 15feb2054, USD
4.12%
USA, Bonds 4.75% 15feb2056, USD
4.04%
USA, Bonds 4.25% 15aug2054, USD
4.03%
USA, Bonds 3.625% 15may2053, USD
3.90%
USA, Bonds 4.625% 15feb2055, USD
3.89%
USA, Bonds 2% 15aug2051, USD
3.80%
USA, Bonds 4.5% 15nov2054, USD
3.79%
USA, Bonds 1.875% 15nov2051, USD
3.78%
USA, Bonds 4% 15nov2052, USD
3.66%
USA, Bonds 4.625% 15nov2055, USD
3.24%
USA, Bonds 3.625% 15feb2053, USD
3.04%
Frequently asked questions about ICPI and TLTW
How have the ICPI and TLTW ETFs performed in 2026?
As of September 1, 2026, ICPI is up 3.2% year-to-date (YTD), while TLTW has lost -0.98%. That puts ICPI better performer ahead so far this year.
Which ETF is attracting more investor money: ICPI or TLTW?
Year-to-date, the ICPI ETF saw +$21M in flows, compared to +$299M for TLTW.
Which ETF is bigger: ICPI or TLTW?
As of September 1, 2026, ICPI holds $22.57 M in assets under management (AUM), while TLTW manages $1.82 B.
What sectors do the ICPI and TLTW ETFs invest in?
ICPI leans toward sectors like Sovereign. Meanwhile, TLTW focuses on Sovereign.
What are the top holdings of the ICPI ETF and TLTW ETF?
ICPI top holdings include USA, TIPS 0.125% 15apr2027, USD (X-2027), USA, TIPS 0.125% 15oct2026, USD (AE-2026) and USA, TIPS 0.375% 15jan2027, USD (A-2027). TLTW holds in its top three: USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD and USA, Bonds 4.75% 15may2055, USD.
Which ETF is more diversified: ICPI or TLTW?
ICPI has 5 securities. TLTW has 47 securities and a top 15 weight of 59.48%.
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