For instance, average daily volume on TIPS hit $22 billion last year, the highest level on record, according to the Securities Industry and Financial Markets Association. Many have turned to linkers such as TIPS in face of consumer price growth running at 7%. Fixed income ETF investors who are interested in hedging their portfolios against inflationary pressures can turn to TIPS-related ETFs, such as the iShares TIPS Bond ETF (NYSEArca: TIP), the Vanguard Short-Term Inflation-Protected Securities ETF (NYSEArca: VTIP), the Schwab U.S.