SPIPvsGOVTETF Comparison

ETF 1

SPIP

State Street SPDR Portfolio TIPS ETF

This fund is part of

Inflation-linked Bonds

+0.21%

Full SPIP fund page

ETF 2

GOVT

iShares U.S. Treasury Bond ETF

This fund is part of

US Government Bonds

+0.07%

Full GOVT fund page

State Street SPDR Portfolio TIPS ETF (SPIP) belongs to the Inflation-linked Bonds segment. iShares U.S. Treasury Bond ETF (GOVT) is part of the US Government Bonds segment. SPIP's top 1 sector exposures are Sovereign. In contrast, GOVT's top sector exposures are Sovereign and Non-Corporate. SPIP is more expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.05% for GOVT. SPIP is down -0.75% year-to-date (YTD) with +$137M in YTD flows. GOVT performs worse with -1.41% YTD performance, and +$10.59B in YTD flows. Run a side-by-side ETF comparison of SPIP and GOVT 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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SPIP vs GOVT performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPIP GOVT	+0.16%+0.16%	-1.51%-1.39%	-0.75%-1.41%	-1.59%-1.80%	+12.95%+11.75%	-1.01%-3.89%
Flows	SPIP GOVT	+$44M+$926M	+$74M-$389M	+$137M+$10.59B	+$113M+$14.11B	-$453M+$19.43B	-$1.47B+$31.18B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPIP GOVT	+3.96%+3.83%	+3.48%+3.56%	+4.51%+4.67%	+6.22%+5.68%
Max drawdown	SPIP GOVT	-3.49%-2.85%	-4.02%-4.44%	-4.02%-4.87%	-15.25%-16.15%
Max drawdown duration	SPIP GOVT	52d52d	229d229d	229d318d	1802d1776d

Trading data

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	SPIP	GOVT
Last sale 10/16/2026 at 1:30 PM	$24.72	$22.08
Previous close 10/15/2026	$24.64	$22.05
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	SPIP	GOVT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	SPIP	GOVT
Last price	$24.72	$22.08
1D performance	+0.32%	+0.14%
AuM	$1.05 B	$42.35 B
E/R	0.12%	0.05%

Characteristics

	SPIP	GOVT
Management strategy	Passive	Passive
Provider	State Street Investment Management	iShares
Benchmark	Bloomberg U.S. Government Inflation-linked Bond Index	ICE US Treasury Core Bond Index
N° of holdings	49	218
Asset class	Bonds	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	May 25, 2007	February 14, 2012
ESG	No	No

More SPIP data on Trackinsight

More GOVT data on Trackinsight

Exposure

Countries

SPIP

USA

100.52%

Other

-0.52%

GOVT

USA

99.58%

Other

0.42%

Sectors

SPIP

Sovereign

100.52%

Other

-0.52%

GOVT

Sovereign

98.85%

Other

1.15%

Diversification

SPIP

Total weight of top 15 holdings out of 15

46.4%

GOVT

Total weight of top 15 holdings out of 15

26.71%

Top 15 holdings

Data as of August 31, 2026

SPIP

USA, TIPS 2.125% 15jan2035, USD (A-2035)

3.49%

USA, TIPS 1.875% 15jul2034, USD (D-2034)

3.37%

USA, TIPS 0.125% 15jan2032, USD (A-2032)

3.25%

USA, TIPS 1.875% 15jul2035, USD (D-2035)

3.23%

USA, TIPS 1.875% 15jan2036, USD (A-2036)

3.17%

USA, TIPS 0.125% 15jul2031, USD (D-2031)

3.16%

USA, TIPS 0.5% 15jan2028, USD (A-2028)

3.09%

USA, TIPS 0.125% 15jan2031, USD (A-2031)

3.05%

USA, TIPS 1.75% 15jan2034, USD (A-2034)

3.00%

USA, TIPS 0.125% 15jul2030, USD (D-2030)

3.00%

USA, TIPS 1.125% 15oct2030, USD (AE-2030)

2.96%

USA, TIPS 0.25% 15jul2029, USD (D-2029)

2.96%

USA, TIPS 1.125% 15jan2033, USD (A-2033)

2.95%

USA, TIPS 1.625% 15apr2030, USD (X-2030)

2.91%

USA, TIPS 0.625% 15jul2032, USD (D-2032)

2.82%

GOVT

USA, Notes 1.375% 15nov2031, USD (F-2031)

5.28%

USA, Notes 2.625% 15feb2029, USD (B-2029)

2.96%

USA, Notes 3.125% 15nov2028, USD (F-2028)

2.10%

USA, Notes 2.75% 15feb2028, USD (B-2028)

1.93%

USA, Notes 2.875% 15may2028, USD (C-2028)

1.63%

USA, Bonds 2.5% 15may2046, USD

1.51%

USA, Bonds 2.75% 15nov2042, USD

1.49%

USA, Bonds 6.125% 15nov2027, USD

1.40%

USA, Bonds 3.75% 15nov2043, USD

1.39%

USA, Notes 2.25% 15nov2027, USD (F-2027)

1.37%

USA, Bonds 1.875% 15feb2051, USD

1.34%

USA, Notes 4% 31may2028, USD (BC-2028)

1.21%

USA, Notes 2.375% 15may2029, USD (C-2029)

1.08%

USA, Notes 4% 31may2030, USD (Z-2030)

1.02%

USA, Notes 3.875% 31mar2028, USD (AZ-2028)

0.99%

Frequently asked questions about SPIP and GOVT

How have the SPIP and GOVT ETFs performed in 2026?

As of October 16, 2026, SPIP is down -0.75% year-to-date (YTD), while GOVT has lost -1.41%. That puts SPIP better performer ahead so far this year.

Which ETF is attracting more investor money: SPIP or GOVT?

Year-to-date, the SPIP ETF saw +$137M in flows, compared to +$10.59B for GOVT.

Which ETF is more volatile: SPIP or GOVT?

Over the past year, SPIP had a volatility of 3.48%, while GOVT experienced 3.56%.

Which ETF is bigger: SPIP or GOVT?

As of October 16, 2026, SPIP holds $1.05 B in assets under management (AUM), while GOVT manages $42.35 B.

What sectors do the SPIP and GOVT ETFs invest in?

SPIP leans toward sectors like Sovereign. Meanwhile, GOVT focuses on Sovereign.

What are the top holdings of the SPIP ETF and GOVT ETF?

SPIP top holdings include USA, TIPS 2.125% 15jan2035, USD (A-2035), USA, TIPS 1.875% 15jul2034, USD (D-2034) and USA, TIPS 0.125% 15jan2032, USD (A-2032). GOVT holds in its top three: USA, Notes 1.375% 15nov2031, USD (F-2031), USA, Notes 2.625% 15feb2029, USD (B-2029) and USA, Notes 3.125% 15nov2028, USD (F-2028).

SPIPvsGOVTETF Comparison

State Street SPDR Portfolio TIPS ETF

iShares U.S. Treasury Bond ETF

SPIP vs GOVT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SPIP and GOVT ETFs performed in 2026?

As of October 16, 2026, SPIP is down -0.75% year-to-date (YTD), while GOVT has lost -1.41%. That puts SPIP better performer ahead so far this year.

Which ETF is attracting more investor money: SPIP or GOVT?

Year-to-date, the SPIP ETF saw +$137M in flows, compared to +$10.59B for GOVT.

Which ETF is more volatile: SPIP or GOVT?

Over the past year, SPIP had a volatility of 3.48%, while GOVT experienced 3.56%.

Which ETF is bigger: SPIP or GOVT?

As of October 16, 2026, SPIP holds $1.05 B in assets under management (AUM), while GOVT manages $42.35 B.

What sectors do the SPIP and GOVT ETFs invest in?

SPIP leans toward sectors like Sovereign. Meanwhile, GOVT focuses on Sovereign.

What are the top holdings of the SPIP ETF and GOVT ETF?

Which ETF is more diversified: SPIP or GOVT?

SPIP holds 49 securities with 46.4% of its assets in the top 15. GOVT has 219 securities and a top 15 weight of 26.71%.

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