TIPvsSHYETF Comparison
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iShares TIPS Bond ETF (TIP) belongs to the Inflation-linked Bonds segment. iShares 1-3 Year Treasury Bond ETF (SHY) is part of the US Government Bonds segment. Both ETFs have the same top 2 sector exposures: Sovereign and Non-Corporate. TIP is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.15% for SHY. TIP is down -0.54% year-to-date (YTD) with +$1.33B in YTD flows. SHY performs better with 0.55% YTD performance, and +$2.86B in YTD flows. Run a side-by-side ETF comparison of TIP and SHY 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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TIP vs SHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TIP SHY | -1.00%-0.51% | -1.36%+0.22% | -0.54%+0.55% | -1.09%+1.63% | +11.35%+12.55% | n/a+9.10% |
| Flows | TIP SHY | -$85M+$712M | +$233M+$843M | +$1.33B+$2.86B | +$1.44B+$2.40B | -$6.86B+$20M | -+$8.12B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TIP SHY | +3.32%+1.24% | +3.22%+1.22% | +4.50%+1.55% | n/a+1.94% |
| Max drawdown | TIP SHY | -2.39%-0.72% | -2.52%-0.85% | -3.71%-0.97% | n/a-5.66% |
| Max drawdown duration | TIP SHY | 80d23d | 200d135d | 149d122d | n/a966d |
Trading data
TIP | SHY | |
Last sale 9/18/2026 at 6:31 PM | $105.36 | $81.29 |
| Previous close 09/17/2026 | $105.71 | $81.36 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 18, 2026
1-year trailing difference
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TIP | SHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 6:31 PM
Live
Closed
TIP | SHY | |
|---|---|---|
| Last price | $105.36 | $81.29 |
| 1D performance | -0.33% | -0.09% |
| AuM | $14.62 B | $26.02 B |
| E/R | 0.18% | 0.15% |
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Exposure
Countries
TIP
USA
100%
Other
0%
SHY
USA
100.01%
Other
-0.01%
Sectors
TIP
Sovereign
99.65%
Other
0.35%
SHY
Sovereign
99.55%
Other
0.45%
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Diversification
TIP
Total weight of top 15 holdings out of 15
51.65%
SHY
Total weight of top 15 holdings out of 15
22.52%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about TIP and SHY
How have the TIP and SHY ETFs performed in 2026?
As of September 17, 2026, TIP is down -0.54% year-to-date (YTD), while SHY has returned 0.55%. That puts SHY better performer ahead so far this year.
Which ETF is attracting more investor money: TIP or SHY?
Year-to-date, the TIP ETF saw +$1.33B in flows, compared to +$2.86B for SHY.
Which ETF is more volatile: TIP or SHY?
Over the past year, TIP had a volatility of 3.22%, while SHY experienced 1.22%.
Which ETF is bigger: TIP or SHY?
As of September 17, 2026, TIP holds $14.62 B in assets under management (AUM), while SHY manages $26.02 B.
What sectors do the TIP and SHY ETFs invest in?
TIP leans toward sectors like Sovereign. Meanwhile, SHY focuses on Sovereign.
What are the top holdings of the TIP ETF and SHY ETF?
TIP top holdings include 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). SHY holds in its top three: 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).
Which ETF is more diversified: TIP or SHY?
TIP holds 49 securities with 51.65% of its assets in the top 15. SHY has 90 securities and a top 15 weight of 22.52%.
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