SPDR Portfolio TIPS (SPIP) Performance
SPIP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.0% since Dec 31, 2025
- 1 year
- −1.0% total return
- 5 years
- −0.1% a year
- 10 years
- +2.2% a year
- Since first price
- +3.4% a year since 2007
SPIP trailing returns vs AGG, TLT, SPY
| Period | SPIP total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +1.3% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.4% | −1.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.5% | −5.0% | −1.5% | −3.8% | +7.8% |
| YTD | −0.0% | −4.1% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.0% | −6.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +14.3%+4.6%/yr | +1.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −0.6%−0.1%/yr | −20.6% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +24.8%+2.2%/yr | −14.1% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +36.1%+2.1%/yr | −12.4% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionMay 30, 2007 | +90.7%+3.4%/yr | +3.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPIP vs AGG
From May 30, 2007: SPIP grew to $19,070, AGG to $17,438.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPIP returns by calendar year
13 of 18 full years positive. Best 2011 (+13.9%), worst 2022 (−12.8%). 2026 is year to date.
SPIP annual returns table
| Year | SPIP | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.0% | −4.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.8% | −2.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.4% | −3.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.0% | −6.6% | +5.7% | +2.8% | +26.2% |
| 2022 | −12.8% | −15.0% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.8% | −3.3% | −1.8% | −4.6% | +28.7% |
| 2020 | +11.4% | −10.7% | +7.5% | +18.2% | +18.3% |
| 2019 | +9.1% | −2.6% | +8.5% | +14.1% | +31.2% |
| 2018 | −1.5% | −3.4% | +0.1% | −1.6% | −4.6% |
| 2017 | +3.2% | −2.1% | +3.6% | +9.2% | +21.7% |
| 2016 | +4.8% | −5.0% | +2.4% | +1.2% | +12.0% |
| 2015 | −2.3% | −5.9% | +0.5% | −1.8% | +1.2% |
| 2014 | +4.6% | −3.5% | +6.0% | +27.3% | +13.5% |
| 2013 | −9.4% | −11.3% | −2.0% | −13.4% | +32.3% |
| 2012 | +6.8% | −2.5% | +3.8% | +2.6% | +16.0% |
| 2011 | +13.9% | −3.6% | +7.7% | +34.0% | +1.9% |
| 2010 | +6.3% | −5.4% | +6.4% | +9.0% | +15.1% |
| 2009 | +10.2% | −4.8% | +3.0% | −21.8% | +26.4% |
| 2008 | −1.9% | −14.4% | +7.9% | +33.9% | −36.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPIP largest drawdowns
Now 2.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −15.4% | Oct 6, 2023 | not yet | 1.9 years | 5.0 years so far |
| Mar 12, 2008 | −14.4% | Nov 24, 2008 | Oct 1, 2009 | 8 months | 1.6 years |
| Dec 6, 2012 | −11.9% | Sep 5, 2013 | Mar 20, 2019 | 9 months | 6.3 years |
| Mar 6, 2020 | −10.7% | Mar 18, 2020 | Apr 28, 2020 | 12 days | 53 days |
| Oct 25, 2010 | −5.7% | Feb 10, 2011 | Apr 19, 2011 | 4 months | 6 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
SPIP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +3.5% | −0.3% | +2.0% | +3.3% |
| Volatility (annualized) | 4.3% | 6.2% | 5.2% | 5.9% |
| Sharpe ratio | -0.18 | -0.61 | -0.03 | 0.34 |
| Sortino ratio | -0.24 | -0.72 | -0.04 | 0.49 |
| Best month | +2.7% | +4.5% | +4.5% | +5.8% |
| Worst month | −2.8% | −6.8% | −6.8% | −7.6% |
| Best 12 months | +9.7% | +9.7% | +11.4% | +18.4% |
| Worst 12 months | −2.3% | −12.8% | −12.8% | −12.8% |
| Positive months | 69% | 62% | 63% | 64% |
| Beta vs S&P 500 | 0.16 | 0.27 | 0.18 | — |
| Correlation with S&P 500 | 0.45 | 0.69 | 0.52 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPIP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 222 | −12.8% | +3.9% | +18.4% | 72% |
| 3-year (a year) | 198 | −2.8% | +2.8% | +11.8% | 82% |
| 5-year (a year) | 174 | −0.3% | +2.5% | +8.5% | 94% |
| 10-year (a year) | 114 | +0.9% | +2.9% | +4.3% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SPIP performance overview
SPDR Portfolio TIPS (SPIP) returned −1.0% over the past year and +2.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +3.4% a year, turning $10,000 into about $19,070. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −15.4%, from Nov 9, 2021 to Oct 6, 2023; the fund has not yet regained that high. SPIP finished 13 of its 18 full calendar years with a gain; the best year was 2011 (+13.9%) and the worst 2022 (−12.8%). Volatility has been 5.9% a year.
Related: SPIP chart, SPIP dividends, SPIP bond profile. See the SPIP overview for the latest quote and fund facts.
SPIP performance FAQ
What is the SPIP return over the past year?
SPIP returned −1.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.0%.
What is the average annual return of SPIP?
SPIP has returned −0.1% a year over 5 years, +2.2% a year over 10 years, +3.4% a year since May 30, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SPIP be worth?
$10,000 invested in SPIP at its first recorded close on May 30, 2007 would be worth about $19,070 on October 23, 2026 with distributions reinvested.
What was the worst year for SPIP?
The worst calendar year was 2022, with a total return of −12.8%. The best was 2011 at +13.9%.
What is the biggest drawdown of SPIP?
The largest peak-to-trough decline was −15.4% between November 9, 2021 and October 6, 2023. It has not yet recovered to that high; it is 2.5% below its peak.
How volatile is SPIP?
Over the past 3 years SPIP had an annualized volatility of 4.3% and a Sharpe ratio of -0.18 (excess return over 1–3 month T-bills per unit of risk).