iShares TIPS Bond ETF

TIP has climbed unusually fast recently, reaching its steepest short-term streak in months.

What is going on right now?

The price sits above its recent short-term average of about 104.77 but still below its longer-term average near 106.93, so it has bounced without fully recovering.

How is the business itself doing?

This fund holds only US government bonds that adjust their payouts with inflation, like a paycheck that gets a small raise whenever prices go up. It charges about 0.18% a year, roughly a quarter of what similar funds charge.

What stands out?

Over five years, the annualized return was essentially flat at 0.02%, while the three-year annualized return was 4.55%. That gap shows how much inflation swings have shaped results.

What comes next?

The next official US inflation reading will directly shift the value of every bond inside this fund, since their payouts are tied to that number.