The income that TIPS produce is based on Treasury yields as well as changes in the Consumer Price Index. [TIPS ETFs Hurt by Rising Treasury Yields]

The iShares TIPS ETF is down for August but has rebounded this week with Treasury yields moving lower. The fund climbed back above its 50-day simple moving average on Thursday.

iShares Barclays TIPS Bond Fund

Full disclosure: Tom Lydon’s clients own TIP.