Inflation remains subdued in the U.S. with consumer prices rising just 0.1% in August, a bit lower than economists had expected. A combination of tame inflation and rising interest rates has been tough on ETFs that track Treasury Inflation Protected Securities, or TIPS.

TIPS have grown popular in recent years as an alternative to gold and commodities to hedge inflation as central banks print money after the financial crisis.

However, U.S. consumer prices are barely rising. [Short-Duration TIPS ETFs Limit Rising-Rate Damage]

“The overall CPI and the core reading climbed 1.5% and 1.8%, respectively, over the last 12 months that ended in August, staying within the Federal Reserve’s target for inflation,” The International Business Times reports.

The iShares TIPS Bond ETF (NYSEArca: TIP) is down 8.5% year to date, according to Morningstar.