# iShares USD TIPS 0-5 UCITS ETF USD (TP05) **Source:** https://fundology.uk/fund/tp05 · ISIN IE00BDQYWQ65 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, TP05 (iShares USD TIPS 0-5 UCITS ETF USD, ISIN IE00BDQYWQ65) closed at £3.65 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +17.9%, or −7.8% after UK CPIH inflation. ## Summary iShares USD TIPS 0-5 UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the ICE BofA US Treasury Inflation Linked Bond (0-5 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£3.65** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TP05 | | ISIN | IE00BDQYWQ65 | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | ICE BofA US Treasury Inflation Linked Bond (0-5 Y) | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £527m | | Launched | 2017 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +2.82% | -0.40% | income reinvested | | 3 years | +6.00% | -4.35% | income reinvested | | 5 years | +17.92% | -7.82% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD TIPS 0-5 UCITS ETF USD in pounds (price only, income paid out not included): 2022 +8.4%, 2023 −6.3%, 2024 −1.0%, 2025 −6.9%; 2026 to 30/09/2026 +0.3%. Returns of iShares USD TIPS 0-5 UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.3%; to 30/09/2025: −0.7%; to 30/09/2024: −9.4%; to 30/09/2023: −7.1%; to 30/09/2022: +19.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +8.4% | -0.8% | Price | | 2023 | -6.3% | -10.0% | Price | | 2024 | -1.0% | -4.4% | Price | | 2025 | -6.9% | -10.1% | Price | | 2026 to 30/09/2026 | +0.3% | -2.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 7.17% | -6.81% | | 3 years | 8.02% | -15.08% | | 5 years | 8.27% | -22.43% | ## Largest fall Volatility of iShares USD TIPS 0-5 UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 7.2% over 1 year, 8.0% over 3 years, 8.3% over 5 years. Largest fall in the price of iShares USD TIPS 0-5 UCITS ETF USD since October 2021, in pounds: −22.4% from 23/09/2022 to 20/08/2026. The lowest 12-month return of iShares USD TIPS 0-5 UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −10.4% (12 months to 14/07/2023); the highest was +22.5% (12 months to 23/09/2022). On 30/09/2026 the price of iShares USD TIPS 0-5 UCITS ETF USD was 21.2% below its highest weekly close since October 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD TIPS 0-5 UCITS ETF USD 0.10% a year, as of 01/10/2026: 161 of the 274 other government bond funds charge more, 37 the same and 76 less (share classes counted once). ## Funds tracking the same index 4 funds track ICE BofA US Treasury Inflation Linked Bond (0-5 Y), this one included and share classes counted once; their ongoing charges range from 0.10% to 0.12% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD TIPS 0-5 UCITS ETF Accum USD | 0.10% | +2.8% | +1.2% | — | | iShares USD TIPS 0-5 UCITS ETF GBP | 0.12% | +1.2% | +14.2% | +12.8% | | iShares USD TIPS 0-5 UCITS ETF Hedged EUR | 0.12% | -2.7% | +2.2% | — | | iShares USD TIPS 0-5 UCITS ETF USD (this fund) | 0.10% | +2.8% | +6.0% | +17.9% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.