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ICPI

This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.New York Stock Exchange Arca

iShares 0-1 Year TIPS Bond ETF

Specialty Bonds · IShares · Inception 2025-11-18

$50.31+0.05 (+0.10%)

As of Sep 23, 2026, 2:06 PM EDT

History starts Nov 21, 2025.History starts Nov 21, 2025.
Intraday session: up, 11 prints from 50.26 to 50.31. Range 50.26 to 50.32. Use the arrow keys to read each point.$50.26$50.28$50.30$50.3210 AM12 PM2 PM4 PM
Expense ratio
0.09%
Fund size
$23M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
5
Volume · 30D
0M sh
NAV per share
$50.23
52W range
low $49.88high $51.02

Our read on ICPI

ETF.net Research

Most of the T-bill aisle pays a nominal yield and hopes inflation behaves. ICPI holds the shortest inflation-protected Treasuries on the curve, one year or less, so principal moves with CPI while rate risk stays small.

Stated mandate

The fund seeks to track an index of inflation-protected U.S. Treasury bonds with remaining maturities of one year or less. It is designed to provide a way to seek protection against near-term inflation.

Why people hold it

  1. 01Rare mandate in a bill-fund crowd: inflation-protected U.S. Treasuries maturing in a year or less, so principal adjusts with CPI while interest-rate sensitivity stays short.ishares.com
  2. 020.09% expense ratio, below the median for its short-Treasury peer group.
  3. 03One job, done literally: track an index of sub-one-year TIPS, U.S. Treasury credit only, no active tinkering. Distributions land quarterly.

Worth knowing

  1. 01A late-2025 launch with a small asset base and light trading, so bid-ask spreads can run wider than the household-name bill funds. Limit orders matter here.
  2. 02This is a CPI-linked instrument, not a yield engine. With a year or less to maturity, the inflation adjustment does most of the work, in both directions.
  3. 03Plain nominal peers like BIL and TBLL are far more heavily traded for straight cash parking. ICPI's differentiator is the inflation link, not liquidity.

ICPI Holdings

As of Sep 22, 2026, 5:17 AM
Asset class
Bonds
Holdings
5
Top-10 weight
100%
Largest holding
TREASURY (CPI) NOTE 0.13% 04/15/202724.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY (CPI) NOTE 0.13% 04/15/202724.57%56,301$6M11
002—TREASURY (CPI) NOTE 0.13% 10/15/202624.26%54,945$5M13
003—TREASURY (CPI) NOTE 0.38% 07/15/202721.70%49,739$5M13
004—TREASURY (CPI) NOTE 0.38% 01/15/202719.52%44,323$4M10
005—TREASURY (CPI) NOTE 2.38% 01/15/20279.92%22,397$2M10
006—BLACKROCK LIQ FUND T-FD-IN0.02%4,155$4K2

Showing 1–6 of 6 holdings

ICPI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ICPI$10,339
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. ICPI $10,339. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for ICPI. Periods over one year show the average yearly return.
PeriodICPI
Year to date+3.4%
1 month+0.2%
3 months+0.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ICPI
YearReturn barICPI
2026 YTD+3.4%
2025+0.3%

History from Nov 21, 2025

ICPI in the news

ETF.net Research hasn’t filed on ICPI yet — coverage lands here as it’s written.

ICPI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.33 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Dec 19, 2025 $0.27; Apr 1, 2026 $0.06; May 1, 2026 $0.18; Jun 1, 2026 $0.41; Jul 1, 2026 $0.38; Aug 3, 2026 $0.33. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 3, 2026Aug 6, 2026$0.33
Jul 1, 2026Jul 7, 2026$0.38
Jun 1, 2026Jun 4, 2026$0.41
May 1, 2026May 6, 2026$0.18
Apr 1, 2026Apr 7, 2026$0.06
Dec 19, 2025Dec 24, 2025$0.27

ICPI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ICPI Cost

Expense ratio0.09%
  • The middle half of TIPS funds
  • Median 0.10%

5 of the 41 TIPS funds charge less.

ICPI costs $9.00 a year on $10,000. The median TIPS fund costs $10.00.