State Street SPDR Portfolio TIPS ETF
$24.48+0.03 (+0.10%)
- 0.12%
- $1.0B
- −2.4%
- 5.51%
- 0.5M sh
- $24.43
- low $24.28high $26.55
The ETF.net SPIP Grade
B
Score 67 out of 100
- 6 of 41
Score 67 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.C43 out of 100Rank 23 of 41Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 33Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 28 of 41Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A83 out of 100Rank 4 of 41Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 5 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 9 of 41
Our read on SPIP
BSPIP owns the whole U.S. TIPS curve in one wrapper: government bonds built to move with inflation, roughly 60 of them, for 0.12% a year. A 2007-vintage, no-gimmick way to rent the real-yield side of Treasuries.
The fund seeks to track the price and yield performance of the Bloomberg U.S. Government Inflation-Linked Bond Index before fees and expenses, providing exposure to U.S. Treasury inflation-protected securities.
Why people hold it
- Sticks close to its benchmark, the Bloomberg U.S. Government Inflation-Linked Bond Index, and rates as one of the tighter index fits in its broad Treasury peer group.
- Full-curve exposure: short, intermediate and long inflation-protected Treasuries in one ticket, so you skip the maturity-picking.
- 0.12% a year lands right at the median fee for broad Treasury ETFs, on a billion-dollar-plus fund that sees steady everyday volume.
- Trading since 2007, giving it a long live record across both the dead-quiet inflation years and the loud ones.
Worth knowing
- Cheaper versions of the same broad idea exist. VTP charges 0.05%, so SPIP's 0.12% is a real premium for inflation-linked Treasuries.
- Holding long-dated TIPS means real-rate moves push the price around. Inflation protection is not the same thing as price stability.
- Payouts are irregular by design, because inflation accruals on TIPS arrive unevenly. Not a metronome-steady income stream.
SPIP Holdings
- Bonds
- 50
- 32%
- Tsy Infl Ix N/B 01/35 2.125
Sectors
- Government100.0%
Geography
- United States100.00%
SPIP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SPIP$9,762
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 | SPIP |
|---|---|
| Year to date | −1.8% |
| 1 month | −1.3% |
| 3 months | −2.7% |
| 1 year | −2.4% |
| 3 years | +3.9% |
| 5 years | −0.3% |
| 10 years | +2.0% |
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 | SPIP |
|---|---|---|
| 2026 YTD | −1.8% | |
| 2025 | +6.8% | |
| 2024 | +2.3% | |
| 2023 | +3.0% | |
| 2022 | −12.8% | |
| 2021 | +5.8% | |
| 2020 | +11.4% |
SPIP in the news
The Big Picture
The Fed hiked. The 30-year yield fell 1 basis point
SPIP Dividends
- 5.51%
- $1.35
- $0.02 per share
- Irregular
Distribution history
SPIP Risk
- 4.3%
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.
- −0.22
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.
- −15.4%
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.
- 0.73
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPIP Cost
0.12%
SPIP0.12%
- The middle half of TIPS funds
- Median 0.10%
23 of the 41 TIPS funds charge less.
Other funds in TIPS
- 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%
- BTIPBNorthern Trust 2035 Inflation-Linked Distributing Ladder ETFExpense ratio 0.10%1 year return −0.4%
- BTIPXState Street SPDR Bloomberg 1-10 Year TIPS ETFExpense ratio 0.15%1 year return −0.6%
- BTIPiShares TIPS Bond ETFExpense ratio 0.18%1 year return −2.2%