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.