State Street SPDR Portfolio TIPS ETF
$24.55−0.20 (−0.83%)
- Expense ratio
- 0.12%
- Fund size
- $1.0B
- 1Y return
- −0.7%
- Yield · Last 12 months
- 5.61%
- Holdings
- 60
- Volume · 30D
- 0.4M sh
- NAV per share
- $24.77
- 52W range
The ETF.net SPIP Grade
Score 68 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 43Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 86Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 83Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
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
- 60
- 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.
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.
| Period | SPIP |
|---|---|
| Year to date | −0.7% |
| 1 month | −1.4% |
| 3 months | −1.5% |
| 1 year | −0.7% |
| 3 years | +3.8% |
| 5 years | −0.2% |
| 10 years | +2.1% |
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 | −0.7% | |
| 2025 | +6.8% | |
| 2024 | +2.3% | |
| 2023 | +3.0% | |
| 2022 | −12.8% | |
| 2021 | +5.8% | |
| 2020 | +11.4% |
SPIP in the news
ETF.net Research hasn’t filed on SPIP yet — coverage lands here as it’s written.
SPIP Dividends
- 5.61%
- $1.39
- $0.20 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 3, 2026 | Aug 6, 2026 | $0.20 |
| Jul 1, 2026 | Jul 7, 2026 | $0.26 |
| Jun 1, 2026 | Jun 4, 2026 | $0.30 |
| May 1, 2026 | May 6, 2026 | $0.15 |
| Apr 1, 2026 | Apr 6, 2026 | $0.12 |
| Mar 2, 2026 | Mar 5, 2026 | $0.01 |
| Dec 18, 2025 | Dec 23, 2025 | $0.10 |
| Dec 1, 2025 | Dec 4, 2025 | $0.09 |
| Nov 3, 2025 | Nov 6, 2025 | $0.10 |
| Oct 1, 2025 | Oct 6, 2025 | $0.06 |
| Sep 2, 2025 | Sep 5, 2025 | $0.11 |
| Aug 1, 2025 | Aug 6, 2025 | $0.08 |
SPIP Risk
- 4.1%
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.
- −0.17
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
- The middle half of TIPS funds
- Median 0.10%
23 of the 41 TIPS funds charge less.