iShares 0-1 Year TIPS Bond ETF
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.
The ETF.net ICPI Grade
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Under classification review
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.
Our read on ICPI
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.
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
- Rare 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
- 0.09% expense ratio, below the median for its short-Treasury peer group.
- One job, done literally: track an index of sub-one-year TIPS, U.S. Treasury credit only, no active tinkering. Distributions land quarterly.
Worth knowing
- A 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.
- This 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.
- Plain 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
- Bonds
- 5
- 100%
- Treasury (Cpi) Note 0.13% 04/15/2027
Sectors
- Treasuries100.0%
Geography
- United States100.00%
ICPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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ICPI$10,391
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 | ICPI |
|---|---|
| Year to date | +3.9% |
| 1 month | +0.6% |
| 3 months | +1.2% |
| 1 year | — |
| 3 years | — |
| 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 | ICPI |
|---|---|---|
| 2026 YTD | +3.9% | |
| 2025 | +0.3% |
ICPI in the news
The Big Picture
The Fed hiked. The 30-year yield fell 1 basis point
ICPI Dividends
- $0.33 per share
- Monthly
Distribution data unavailable.
Distribution history
ICPI Risk
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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.
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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.
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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.
- 0.01
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
0.09%
ICPI0.09%
- The middle half of TIPS funds
- Median 0.10%
5 of the 41 TIPS funds charge less.
Other funds in TIPS
- ASCHPSchwab US TIPS ETFExpense ratio 0.03%1 year return −2.0%
- ASTIPiShares 0-5 Year TIPS Bond ETFExpense ratio 0.03%1 year return +1.5%
- AVTPVanguard Total Inflation-Protected Securities ETFExpense ratio 0.05%1 year return −2.1%
- AVTIPVanguard Short-Term Inflation-Protected Securities ETFExpense ratio 0.03%1 year return +1.5%
- APBTPInvesco 0-5 Yr US TIPS ETFExpense ratio 0.07%1 year return +1.5%