SHYvsTIPETF Comparison
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iShares 1-3 Year Treasury Bond ETF (SHY) belongs to the US Government Bonds segment. iShares TIPS Bond ETF (TIP) is part of the Inflation-linked Bonds segment. Both ETFs have the same top 2 sector exposures: Sovereign and Non-Corporate. SHY is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.18% for TIP. SHY is up 0.5% year-to-date (YTD) with +$3.17B in YTD flows. TIP performs worse with -0.65% YTD performance, and +$1.34B in YTD flows. Run a side-by-side ETF comparison of SHY and TIP 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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SHY vs TIP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHY TIP | -0.55%-1.55% | +0.14%-1.38% | +0.50%-0.65% | +1.63%-0.69% | +12.50%+11.95% | +9.06%n/a |
| Flows | SHY TIP | +$1.10B-$235M | +$1.32B+$244M | +$3.17B+$1.34B | +$2.70B+$1.54B | +$418M-$6.83B | +$8.37B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHY TIP | +1.25%+3.36% | +1.23%+3.24% | +1.55%+4.49% | +1.94%n/a |
| Max drawdown | SHY TIP | -0.74%-2.48% | -0.85%-2.61% | -0.97%-3.71% | -5.61%n/a |
| Max drawdown duration | SHY TIP | 28d85d | 135d205d | 122d149d | 954dn/a |
Trading data
SHY | TIP | |
Last sale 9/23/2026 at 3:20 PM | $81.18 | $105.01 |
| Previous close 09/22/2026 | $81.32 | $105.56 |
| Consolidated volume 09/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 23, 2026
1-year trailing difference
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SHY | TIP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/23/2026 at 3:20 PM
Live
Closed
SHY | TIP | |
|---|---|---|
| Last price | $81.18 | $105.01 |
| 1D performance | -0.18% | -0.53% |
| AuM | $26.32 B | $14.62 B |
| E/R | 0.15% | 0.18% |
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Exposure
Countries
SHY
USA
100.01%
Other
-0.01%
TIP
USA
100%
Other
0%
Sectors
SHY
Sovereign
99.55%
Other
0.45%
TIP
Sovereign
99.65%
Other
0.35%
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Diversification
SHY
Total weight of top 15 holdings out of 15
22.52%
TIP
Total weight of top 15 holdings out of 15
51.65%
Top 15 holdings
Data as of July 31, 2026
SHY
USA, Notes 1.25% 30apr2028, USD (K-2028)
1.97%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.74%
USA, Notes 1.25% 30jun2028, USD (M-2028)
1.61%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
1.53%
USA, Notes 3.75% 15aug2027, USD (AR-2027)
1.51%
USA, Notes 4.5% 31may2029, USD (Z-2029)
1.50%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
1.48%
USA, Notes 2.25% 15aug2027, USD (E-2027)
1.47%
USA, Notes 4.25% 15feb2028, USD (AK-2028)
1.42%
USA, Notes 3.375% 15sep2027, USD (AS-2027)
1.40%
USA, Notes 3.875% 15oct2027, USD (AT-2027)
1.40%
USA, Notes 1.25% 30sep2028, USD (Q-2028)
1.39%
USA, Notes 4.125% 31mar2029, USD (W-2029)
1.37%
USA, Notes 4.125% 15nov2027, USD (AU-2027)
1.36%
USA, Notes 2.875% 15may2028, USD (C-2028)
1.36%
TIP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
3.99%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
3.94%
USA, TIPS 1.875% 15jan2036, USD (A-2036)
3.92%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
3.71%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
3.55%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
3.38%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
3.33%
USA, TIPS 1.125% 15jan2033, USD (A-2033)
3.32%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
3.30%
USA, TIPS 1.375% 15jul2033, USD (D-2033)
3.29%
USA, TIPS 0.625% 15jul2032, USD (D-2032)
3.28%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
3.26%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
3.15%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
3.13%
USA, TIPS 0.125% 15jan2032, USD (A-2032)
3.10%
Frequently asked questions about SHY and TIP
How have the SHY and TIP ETFs performed in 2026?
As of September 22, 2026, SHY is up 0.5% year-to-date (YTD), while TIP has lost -0.65%. That puts SHY better performer ahead so far this year.
Which ETF is attracting more investor money: SHY or TIP?
Year-to-date, the SHY ETF saw +$3.17B in flows, compared to +$1.34B for TIP.
Which ETF is more volatile: SHY or TIP?
Over the past year, SHY had a volatility of 1.23%, while TIP experienced 3.24%.
Which ETF is bigger: SHY or TIP?
As of September 22, 2026, SHY holds $26.32 B in assets under management (AUM), while TIP manages $14.62 B.
What sectors do the SHY and TIP ETFs invest in?
SHY leans toward sectors like Sovereign. Meanwhile, TIP focuses on Sovereign.
What are the top holdings of the SHY ETF and TIP ETF?
SHY top holdings include USA, Notes 1.25% 30apr2028, USD (K-2028), USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 1.25% 30jun2028, USD (M-2028). TIP holds in its top three: USA, TIPS 1.875% 15jul2035, USD (D-2035), USA, TIPS 2.125% 15jan2035, USD (A-2035) and USA, TIPS 1.875% 15jan2036, USD (A-2036).
Which ETF is more diversified: SHY or TIP?
SHY holds 90 securities with 22.52% of its assets in the top 15. TIP has 49 securities and a top 15 weight of 51.65%.
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