SPIPvsTIPETF Comparison
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State Street SPDR Portfolio TIPS ETF (SPIP) and iShares TIPS Bond ETF (TIP) belong to the same industry segment: Inflation-linked Bonds. SPIP's top 1 sector exposures are Sovereign. In contrast, TIP's top sector exposures are Sovereign and Non-Corporate. SPIP is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.18% for TIP. SPIP is down -0.75% year-to-date (YTD) with +$137M in YTD flows. TIP performs better with -0.71% YTD performance, and +$1.19B in YTD flows. Run a side-by-side ETF comparison of SPIP 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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SPIP vs TIP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPIP TIP | +0.16%+0.12% | -1.51%-1.53% | -0.75%-0.71% | -1.59%-1.50% | +12.95%+13.12% | -1.01%n/a |
| Flows | SPIP TIP | +$44M-$167M | +$74M+$284M | +$137M+$1.19B | +$113M+$1.17B | -$453M-$6.76B | -$1.47B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPIP TIP | +3.96%+3.83% | +3.48%+3.40% | +4.51%+4.38% | +6.22%n/a |
| Max drawdown | SPIP TIP | -3.49%-3.42% | -4.02%-3.85% | -4.02%-3.85% | -15.25%n/a |
| Max drawdown duration | SPIP TIP | 52d52d | 229d229d | 229d229d | 1802dn/a |
Trading data
SPIP | TIP | |
Last sale 10/16/2026 at 1:30 PM | $24.72 | $105.54 |
| Previous close 10/15/2026 | $24.64 | $105.29 |
| 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 | 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 10/16/2026 at 1:30 PM
Live
Closed
SPIP | TIP | |
|---|---|---|
| Last price | $24.72 | $105.54 |
| 1D performance | +0.32% | +0.24% |
| AuM | $1.05 B | $14.45 B |
| E/R | 0.12% | 0.18% |
Characteristics
SPIP | TIP | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | Bloomberg U.S. Government Inflation-linked Bond Index | ICE US Treasury Inflation Linked Bond Index |
| N° of holdings | 49 | 50 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 25, 2007 | January 2, 2023 |
| ESG | No | No |
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Exposure
Countries
SPIP
USA
100.52%
Other
-0.52%
TIP
USA
100.4%
Other
-0.4%
Sectors
SPIP
Sovereign
100.52%
Other
-0.52%
TIP
Sovereign
99.94%
Other
0.06%
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Diversification
SPIP
Total weight of top 15 holdings out of 15
46.4%
TIP
Total weight of top 15 holdings out of 15
52.34%
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%
TIP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
4.10%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.02%
USA, TIPS 1.875% 15jan2036, USD (A-2036)
4.02%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
3.77%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
3.57%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
3.41%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
3.40%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
3.35%
USA, TIPS 1.125% 15jan2033, USD (A-2033)
3.34%
USA, TIPS 1.375% 15jul2033, USD (D-2033)
3.31%
USA, TIPS 0.625% 15jul2032, USD (D-2032)
3.30%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
3.28%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
3.17%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
3.16%
USA, TIPS 0.125% 15jan2032, USD (A-2032)
3.13%
Frequently asked questions about SPIP and TIP
How have the SPIP and TIP ETFs performed in 2026?
As of October 16, 2026, SPIP is down -0.75% year-to-date (YTD), while TIP has lost -0.71%. That puts TIP better performer ahead so far this year.
Which ETF is attracting more investor money: SPIP or TIP?
Year-to-date, the SPIP ETF saw +$137M in flows, compared to +$1.19B for TIP.
Which ETF is more volatile: SPIP or TIP?
Over the past year, SPIP had a volatility of 3.48%, while TIP experienced 3.4%.
Which ETF is bigger: SPIP or TIP?
As of October 16, 2026, SPIP holds $1.05 B in assets under management (AUM), while TIP manages $14.45 B.
What sectors do the SPIP and TIP ETFs invest in?
SPIP leans toward sectors like Sovereign. Meanwhile, TIP focuses on Sovereign.
What are the top holdings of the SPIP ETF and TIP 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). 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: SPIP or TIP?
SPIP holds 49 securities with 46.4% of its assets in the top 15. TIP has 50 securities and a top 15 weight of 52.34%.
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