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ETFs

SPDR Portfolio TIPS ETF

SPIP
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
May 23, 2007
Expense Ratio
0.12%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$7,085,574
AUM
$1,531,903,861
Associated Index
Bloomberg U.S. Government Inflation-linked Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
TSY INFL IX N/B 01/26 0.625
3.25%
—
TSY INFL IX N/B 01/25 0.25
3.16%
—
TSY INFL IX N/B 01/25 2.375
3.13%
—
TSY INFL IX N/B 04/26 0.125
3.06%
—
TSY INFL IX N/B 01/32 0.125
2.94%
—
TSY INFL IX N/B 07/32 0.625
2.94%
—
TSY INFL IX N/B 07/25 0.375
2.84%
—
TSY INFL IX N/B 01/30 0.125
2.81%
—
TSY INFL IX N/B 01/31 0.125
2.76%
TN29
United States Of America - 3.875% BD REDEEM 15/04/2029 USD 1000
2.75%
Invest with SPIP
Trade SPIP Options

What is SPIP?

The SPDR Portfolio TIPS ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Government Inflation-Linked Bond Index (the "Index"). The Bloomberg U.S. Government Inflation-Linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

SPIP
Performance Measures**

for the time period May 30, 2007 to Dec 4, 2025

Returns

1M Trailing Return: -0.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -15.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.53

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.22

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSPIP

ETFs correlated to SPIP include TIP, SCHP, DFIP

SPIP
SPDR Series Trust - SPDR Portfolio TIPS ETF
TIP
BlackRock Institutional Trust Company N.A. - iShares TIPS Bond ETF
SCHP
Schwab Strategic Trust - Schwab U.S. Tips ETF
DFIP
Dimensional ETF Trust - Dimensional Inflation-Protected Securities ETF
TDTF
FlexShares Trust - FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TIPX
SPDR Series Trust - SPDR Bloomberg 1-10 Year TIPS ETF
LTPZ
Pimco Exchange Traded Fund - PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
TDTT
FlexShares Trust - FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
STPZ
Pimco Exchange Traded Fund - PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund
STIP
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year TIPS Bond ETF
VTIP
Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSPIP

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

94.76%

The Monster

Category

Risk-on/risk-off, trend-following, mean reversion, volatility hedging, leveraged ETFs, rates-aware, multi-asset

OOS Cumulative Return

72.1%

Create your own algorithmic trading strategy with SPIP using Composer

FAQ

SPIP is a US Bonds ETF. The SPDR Portfolio TIPS ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Government Inflation-Linked Bond Index (the "Index"). The Bloomberg U.S. Government Inflation-Linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars.

SPIP tracks the Bloomberg U.S. Government Inflation-linked Bond Index.

No, SPIP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPIP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPIP is -0.0135%. This is the percent change in the value of SPIP over the most recent 1-month period. The 3-month return on SPIP is -0.03%. This is the percent change in the value of SPIP over the most recent 3-month period.

The standard deviation of SPIP for the past year is 0.0839%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPIP include IVOL, RINF, and TIPZ.

ETFs correlated to SPIP include TIP, SCHP, and DFIP.

ETFs that are inversely correlated to SPIP include PST, TBX, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.