TIPS (TIP): the last 12 months

TIPS (TIP) are down 0.4% over 1Y and 1.8% below their high; the 90-day change is −0.6%. They lost 2.6% in September as real yields jumped 49 bp, then recovered with October's bond rally. No status quo card for this group.

Month by month

Computed in code. Change: the calendar-month change (z against its own monthly history). 90-day: the trailing 90-day change at the month-end. Rank: its place among that month's biggest moves. Causes: the surviving monthly causes acting on it (a force's loading on this asset times the month's fitted strength, in standard deviations). ETF holdings use current weights (an approximation).

Month	Change	90-day	Rank	Causes
November 2026 (month to date)	−0.4% (z -0.9)	−0.6%		none of the surviving causes loads on it
October 2026	+2.5% (z 1.8)	−0.1%		Flight to defensives as yields fell and bonds rallied (evidence +2.5%, z 1.8)
September 2026	−2.6% (z -2.4)	−3.3%	4	Real yields jumped with the hike and strong data, so TIPS fell (explains this move, score 7.4)
August 2026	0.0% (z -0.3)	−1.2%		none of the surviving causes loads on it
July 2026	−0.7% (z -0.8)	−1.3%		none of the surviving causes loads on it
June 2026	−0.5% (z -0.6)	+0.8%		none of the surviving causes loads on it
May 2026	+0.2% (z -0.1)	+0.2%		none of the surviving causes loads on it
April 2026	+1.1% (z 0.7)	+1.0%		none of the surviving causes loads on it
March 2026	−1.4% (z -1.4)	+0.4%		none of the surviving causes loads on it
February 2026	+1.3% (z 0.7)	+1.2%		none of the surviving causes loads on it
January 2026	+0.5% (z 0.1)	+0.1%		none of the surviving causes loads on it
December 2025	−0.6% (z -0.7)	−0.2%		none of the surviving causes loads on it
November 2025	+0.2% (z -0.1)	+1.0%		none of the surviving causes loads on it

What drove each month · All assets

Not investment advice. MarketMoves describes past market data and reported news for general information. Figures can be delayed or wrong; check the original source before relying on them.