SPIPvsTLHETF Comparison
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State Street SPDR Portfolio TIPS ETF (SPIP) belongs to the Inflation-linked Bonds segment. iShares 10-20 Year Treasury Bond ETF (TLH) is part of the US Government Bonds segment. SPIP's top 1 sector exposures are Sovereign. In contrast, TLH's top sector exposures are Sovereign and Non-Corporate. SPIP is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.15% for TLH. SPIP is down -0.75% year-to-date (YTD) with +$137M in YTD flows. TLH performs worse with -4.24% YTD performance, and +$121M in YTD flows. Run a side-by-side ETF comparison of SPIP and TLH 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 TLH 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 TLH | +0.16%-0.53% | -1.51%-3.32% | -0.75%-4.24% | -1.59%-6.10% | +12.95%+11.00% | -1.01%-23.20% |
| Flows | SPIP TLH | +$44M+$756M | +$74M+$1.10B | +$137M+$121M | +$113M+$61M | -$453M+$5.61B | -$1.47B+$12.42B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPIP TLH | +3.96%+8.68% | +3.48%+7.89% | +4.51%+10.51% | +6.22%+12.56% |
| Max drawdown | SPIP TLH | -3.49%-6.33% | -4.02%-10.32% | -4.02%-11.67% | -15.25%-35.37% |
| Max drawdown duration | SPIP TLH | 52d89d | 229d229d | 229d760d | 1802d1776d |
Trading data
SPIP | TLH | |
Last sale 10/16/2026 at 1:30 PM | $24.72 | $94.09 |
| Previous close 10/15/2026 | $24.64 | $94.02 |
| 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 | TLH | |
|---|---|---|
| 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 | TLH | |
|---|---|---|
| Last price | $24.72 | $94.09 |
| 1D performance | +0.32% | +0.07% |
| AuM | $1.05 B | $11.67 B |
| E/R | 0.12% | 0.15% |
Characteristics
SPIP | TLH | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | Bloomberg U.S. Government Inflation-linked Bond Index | ICE 10-20 Year US Treasury Index |
| N° of holdings | 49 | 62 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 25, 2007 | January 5, 2007 |
| ESG | No | No |
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Exposure
Countries
SPIP
USA
100.52%
Other
-0.52%
TLH
USA
99.97%
Other
0.03%
Sectors
SPIP
Sovereign
100.52%
Other
-0.52%
TLH
Sovereign
98.75%
Other
1.25%
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Diversification
SPIP
Total weight of top 15 holdings out of 15
46.4%
TLH
Total weight of top 15 holdings out of 15
48.64%
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%
TLH
USA, Bonds 4.5% 15feb2044, USD
3.98%
USA, Bonds 4.125% 15aug2044, USD
3.96%
USA, Bonds 3.875% 15may2043, USD
3.55%
USA, Bonds 4.625% 15nov2045, USD
3.37%
USA, Bonds 4% 15nov2042, USD
3.36%
USA, Bonds 4.75% 15feb2045, USD
3.32%
USA, Bonds 4.375% 15aug2043, USD
3.29%
USA, Bonds 4.75% 15nov2043, USD
3.24%
USA, Bonds 3.875% 15feb2043, USD
3.18%
USA, Bonds 3.375% 15aug2042, USD
3.13%
USA, Bonds 1.75% 15aug2041, USD
3.02%
USA, Bonds 2% 15nov2041, USD
2.97%
USA, Bonds 1.875% 15feb2041, USD
2.89%
USA, Bonds 2.375% 15feb2042, USD
2.71%
USA, Bonds 5% 15may2046, USD
2.67%
Frequently asked questions about SPIP and TLH
How have the SPIP and TLH ETFs performed in 2026?
As of October 16, 2026, SPIP is down -0.75% year-to-date (YTD), while TLH has lost -4.24%. That puts SPIP better performer ahead so far this year.
Which ETF is attracting more investor money: SPIP or TLH?
Year-to-date, the SPIP ETF saw +$137M in flows, compared to +$121M for TLH.
Which ETF is more volatile: SPIP or TLH?
Over the past year, SPIP had a volatility of 3.48%, while TLH experienced 7.89%.
Which ETF is bigger: SPIP or TLH?
As of October 16, 2026, SPIP holds $1.05 B in assets under management (AUM), while TLH manages $11.67 B.
What sectors do the SPIP and TLH ETFs invest in?
SPIP leans toward sectors like Sovereign. Meanwhile, TLH focuses on Sovereign.
What are the top holdings of the SPIP ETF and TLH 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). TLH holds in its top three: USA, Bonds 4.5% 15feb2044, USD, USA, Bonds 4.125% 15aug2044, USD and USA, Bonds 3.875% 15may2043, USD.
Which ETF is more diversified: SPIP or TLH?
SPIP holds 49 securities with 46.4% of its assets in the top 15. TLH has 62 securities and a top 15 weight of 48.64%.
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Latest news about SPIP & TLH
U.S. Yield Curve Normalization Signals Economic Resilience
December 16, 2024
TLH
Treasury Yields Soar to November High Amid Hot CPI
April 15, 2024
TLH
Long-Dated Treasuries No Longer Considered a Safe Haven
October 24, 2023
TLH
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