iShares TIPS Bond ETF (TIP) Performance
TIP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.0% since Dec 31, 2025
- 1 year
- −1.0% total return
- 5 years
- −0.0% a year
- 10 years
- +2.2% a year
- Since first price
- +3.4% a year since 2003
TIP trailing returns vs AGG, TLT, SPY
| Period | TIP total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +1.4% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.4% | −1.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.5% | −4.8% | −1.5% | −3.8% | +7.8% |
| YTD | −0.0% | −3.3% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.0% | −5.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +14.2%+4.5%/yr | +3.3% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −0.0%−0.0%/yr | −17.5% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +24.3%+2.2%/yr | −8.5% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +35.3%+2.0%/yr | −7.2% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| 20 years | +93.3%+3.4%/yr | +7.4% | +79.6%+3.0%/yr | +75.9%+2.9%/yr | +696.9%+10.9%/yr |
| Since inceptionDec 5, 2003 | +114.2%+3.4%/yr | +4.3% | — | — | — |
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: TIP vs AGG
From Dec 5, 2003: TIP grew to $21,415, AGG to $19,572.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TIP returns by calendar year
17 of 22 full years positive. Best 2011 (+13.3%), worst 2022 (−12.3%). 2026 is year to date.
TIP annual returns table
| Year | TIP | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.0% | −4.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.8% | −2.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +1.7% | −3.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.8% | −6.3% | +5.7% | +2.8% | +26.2% |
| 2022 | −12.3% | −14.3% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.7% | −3.0% | −1.8% | −4.6% | +28.7% |
| 2020 | +10.8% | −11.2% | +7.5% | +18.2% | +18.3% |
| 2019 | +8.3% | −2.5% | +8.5% | +14.1% | +31.2% |
| 2018 | −1.4% | −3.3% | +0.1% | −1.6% | −4.6% |
| 2017 | +2.9% | −2.0% | +3.6% | +9.2% | +21.7% |
| 2016 | +4.7% | −4.6% | +2.4% | +1.2% | +12.0% |
| 2015 | −1.8% | −5.3% | +0.5% | −1.8% | +1.2% |
| 2014 | +3.6% | −3.4% | +6.0% | +27.3% | +13.5% |
| 2013 | −8.5% | −10.6% | −2.0% | −13.4% | +32.3% |
| 2012 | +6.4% | −2.3% | +3.8% | +2.6% | +16.0% |
| 2011 | +13.3% | −3.8% | +7.7% | +34.0% | +1.9% |
| 2010 | +6.1% | −5.3% | +6.4% | +9.0% | +15.1% |
| 2009 | +8.9% | −4.4% | +3.0% | −21.8% | +26.4% |
| 2008 | −0.5% | −14.6% | +7.9% | +33.9% | −36.8% |
| 2007 | +11.9% | −3.2% | +6.6% | +10.3% | +5.1% |
| 2006 | +0.3% | −3.7% | +3.9% | +0.7% | +15.8% |
| 2005 | +2.5% | −3.5% | +2.3% | +8.6% | +4.8% |
| 2004 | +8.3% | −6.3% | +3.8% | +8.7% | +10.7% |
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.
TIP largest drawdowns
Now 1.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 10, 2008 | −14.6% | Nov 24, 2008 | Oct 1, 2009 | 9 months | 1.6 years |
| Nov 9, 2021 | −14.5% | Oct 6, 2023 | Feb 27, 2026 | 1.9 years | 4.3 years |
| Mar 6, 2020 | −11.2% | Mar 18, 2020 | Apr 28, 2020 | 12 days | 53 days |
| Dec 10, 2012 | −11.1% | Sep 5, 2013 | Mar 20, 2019 | 9 months | 6.3 years |
| Mar 17, 2004 | −6.3% | May 10, 2004 | Sep 22, 2004 | 54 days | 6 months |
| Oct 14, 2010 | −5.8% | 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.
TIP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2003 |
|---|---|---|---|---|
| Annualized return | +3.6% | −0.2% | +2.0% | +3.3% |
| Volatility (annualized) | 4.4% | 6.1% | 5.1% | 5.7% |
| Sharpe ratio | -0.18 | -0.59 | -0.04 | — |
| Sortino ratio | -0.24 | -0.71 | -0.05 | — |
| Best month | +2.8% | +4.3% | +4.3% | +6.5% |
| Worst month | −2.6% | −6.7% | −6.7% | −8.1% |
| Best 12 months | +9.6% | +9.6% | +10.8% | +18.5% |
| Worst 12 months | −2.2% | −12.3% | −12.3% | −12.3% |
| Positive months | 67% | 58% | 60% | 63% |
| Beta vs S&P 500 | 0.16 | 0.27 | 0.18 | — |
| Correlation with S&P 500 | 0.47 | 0.69 | 0.54 | — |
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.
TIP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 263 | −12.3% | +3.8% | +18.5% | 76% |
| 3-year (a year) | 239 | −2.5% | +3.4% | +11.8% | 86% |
| 5-year (a year) | 215 | −0.3% | +3.0% | +8.4% | 96% |
| 10-year (a year) | 155 | +0.8% | +3.2% | +5.1% | 100% |
Every holding period starting at a month-end since 2003. Returns for 3 years and longer are annualized.
TIP performance overview
iShares TIPS Bond ETF (TIP) returned −1.0% over the past year and +2.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2003 it has returned +3.4% a year, turning $10,000 into about $21,415. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −14.6%, from Mar 10, 2008 to Nov 24, 2008, and it took 10 months to get back to the old high. TIP finished 17 of its 22 full calendar years with a gain; the best year was 2011 (+13.3%) and the worst 2022 (−12.3%). Volatility has been 5.7% a year.
Related: TIP chart, TIP dividends, TIP bond profile. See the TIP overview for the latest quote and fund facts.
TIP performance FAQ
What is the TIP return over the past year?
TIP returned −1.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.1%.
What is the average annual return of TIP?
TIP has returned −0.0% a year over 5 years, +2.2% a year over 10 years, +3.4% a year since December 5, 2003 (total return, distributions reinvested).
How much would $10,000 invested in TIP be worth?
$10,000 invested in TIP at its first recorded close on December 5, 2003 would be worth about $21,415 on October 23, 2026 with distributions reinvested.
What was the worst year for TIP?
The worst calendar year was 2022, with a total return of −12.3%. The best was 2011 at +13.3%.
What is the biggest drawdown of TIP?
The largest peak-to-trough decline was −14.6% between March 10, 2008 and November 24, 2008. It recovered to the old high on October 1, 2009, 10 months after the bottom.
How volatile is TIP?
Over the past 3 years TIP had an annualized volatility of 4.4% and a Sharpe ratio of -0.18 (excess return over 1–3 month T-bills per unit of risk).