State Street SPDR Bloomberg 1a??10 Year TIPS ETF (TIPX) Covered Calls

SPDR Bloomberg 1-10 Year TIPS ETF seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg 1-10 Year U.S. Government Inflation-Linked Bond Index. The fund provides exposure to U.S. Treasury Inflation-Protected Securities (TIPS) with remaining maturities between one and ten years, offering a hedge against inflation with less interest rate sensitivity than long-term TIPS funds.

You can sell covered calls on State Street SPDR Bloomberg 1a??10 Year TIPS ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for TIPX (prices last updated Thu 1:15 PM ET):

Want to make money with covered calls?  Sign Up For A Free Trial

Core Business and Products

SPDR Bloomberg 1-10 Year TIPS ETF (TIPX) is a focused fixed-income vehicle designed to protect investor purchasing power from the effects of inflation. By tracking the Bloomberg 1-10 Year U.S. Government Inflation-Linked Bond Index, the fund invests in U.S. Treasury Inflation-Protected Securities (TIPS) that have at least one and less than ten years remaining to maturity. As of April 2026, the fund manages approximately $1.85 billion in assets and holds roughly 38 individual TIPS issues.

The fund’s primary appeal lies in its "intermediate" duration profile. In early 2026, TIPX maintains an average effective duration of approximately 4.36 years. This positioning allows it to capture the inflation-adjustments to principal (CPI-U linkage) while remaining less volatile during interest rate spikes compared to broad-market TIPS ETFs that include 20- and 30-year maturities.

Competitive Landscape

TIPX operates in a highly competitive "inflation-protection" category dominated by low-cost providers. With an expense ratio of 0.15%, it is priced competitively, though it sits slightly above "ultra-low-cost" peers that target even shorter durations. While TIPX is listed on the NYSE Arca, it currently does not have an active options market, making it a primary vehicle for "buy-and-hold" inflation hedging rather than complex derivative strategies.

Key peers and related inflation-linked vehicles include:

1. iShares 0-5 Year TIPS Bond ETF: A major short-term peer with a lower expense ratio (0.03%) and lower interest rate sensitivity.
2. iShares TIPS Bond ETF: The broad-market benchmark for the entire TIPS universe, including long-term maturities.
3. Vanguard Short-Term Inflation-Protected Securities ETF: A primary low-cost competitor (0.04% fee) focusing on the 0-5 year maturity range.
4. Schwab US TIPS ETF: A broad-market peer known for its ultra-low fee structure and high liquidity.
5. FlexShares iBoxx 3-Year Target Duration TIPS ETF: A peer that uses a target-duration approach to manage interest rate risk specifically.

Strategic Outlook and Innovation

In 2026, TIPX is strategically positioned for a "sticky inflation" environment. As global supply chain shifts and energy prices contribute to a 3% inflation floor, the fund’s intermediate maturity provides a balanced approach to real yield. The fund pays a monthly dividend—most recently $0.0789 in early April 2026—resulting in a trailing 12-month distribution yield of approximately 3.68%.

Innovation at State Street focuses on the "real return" aspect of the portfolio. By excluding the most volatile long-dated TIPS, TIPX aims to provide a smoother ride for retirees and income-focused investors who are concerned with the erosion of purchasing power. As of April 2026, the fund's yield-to-maturity stands at a robust 4.76%, making it an attractive anchor for conservative portfolios seeking government-backed security with an inflation kicker.

Want more examples? TIP Covered Calls | TITN Covered Calls