iShares iBonds Oct 2032 Term TIPS ETF
$24.52−0.01 (−0.04%)
- 0.10%
- $80M
- −1.8%
- 4.68%
- 0M sh
- $24.48
- low $24.37high $26.28
The ETF.net IBII Grade
B
Score 63 out of 100
- 10 of 41
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B68 out of 100Rank 6 of 41Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 8 of 33Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 25 of 41Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 29 of 41Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D33 out of 100Rank 35 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 23 of 41
Our read on IBII
BInflation-linked Treasuries with an end date. IBII holds only TIPS maturing in 2032, then winds up and pays out around October 15 of that year: a ladder rung for real-return investors rather than a perpetual bond fund.
The fund seeks to track an index of U.S. Treasury Inflation-Protected Securities maturing in 2032 and is designed to provide inflation protection with a defined maturity.
Why people hold it
- Defined maturity, like an individual bond: iBonds funds terminate on or about October 15 of the year in the name, which makes rung-by-rung ladder building straightforward.ishares.com
- The inflation-adjusted flavor of the ladder. Most target maturity rungs hold corporates or nominal Treasuries; this one holds TIPS, whose principal moves with inflation.ishares.com
- 0.10% expense ratio, in line with the typical target maturity bond ETF, for a single job: track the ICE 2032 Maturity US Inflation-Linked Treasury Index and pay quarterly.
Worth knowing
- In the final months the holdings mature into cash and cash-like instruments, so the yield drifts toward money market rates. The endgame is a payout, not a peak.ishares.com
- Narrow by design: just the TIPS issues maturing in 2032. And TIPS cut both ways, since the inflation adjustment can move down when prices fall.ishares.com
- Thinner trading than the corporate rungs of the iBonds lineup, so spreads can matter more on the way in and out. Distributions also vary rather than sitting at a fixed coupon.ishares.com
IBII Holdings
- Bonds
- 5
- 100%
- Treasury (Cpi) Note 0.63% 07/15/2032
Sectors
- Treasuries100.0%
Geography
- United States100.00%
IBII Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
IBII$9,824
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IBII |
|---|---|
| Year to date | −1.5% |
| 1 month | −1.1% |
| 3 months | −2.7% |
| 1 year | −1.8% |
| 3 years | +4.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IBII |
|---|---|---|
| 2026 YTD | −1.5% | |
| 2025 | +8.7% | |
| 2024 | +1.2% | |
| 2023 | +4.4% |
IBII in the news
The Big Picture
The Fed hiked. The 30-year yield fell 1 basis point
IBII Dividends
- 4.68%
- $1.15
- $0.12 per share
- Quarterly
Distribution history
IBII Risk
- 5.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBII Cost
0.10%
IBII0.10%
- The middle half of TIPS funds
- Median 0.10%
6 of the 41 TIPS funds charge less.
Other funds in TIPS
- BTIPiShares TIPS Bond ETFExpense ratio 0.18%1 year return −2.2%
- BDFIPDimensional - Inflation-Protected Securities ETFExpense ratio 0.11%1 year return −2.5%
- BGTIPGoldman Sachs Access Inflation Protected USD Bond ETFExpense ratio 0.12%1 year return −2.1%
- BIBIGiShares iBonds Oct 2030 Term TIPS ETFExpense ratio 0.10%1 year return −0.3%
- BIBIHiShares iBonds Oct 2031 Term TIPS ETFExpense ratio 0.10%1 year return −1.2%