- Issuer
- Northern Trust
- Inception Date
- Aug 18, 2025
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TIPC Performance Chart
Northern Trust 2045 Inflation-Linked Distributing Ladder ETF (TIPC) is up 0.9% since the beginning of the year. TIPC is currently trading at $98 per share.
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Returns By Period
Northern Trust 2045 Inflation-Linked Distributing Ladder ETF
- 1D
- 0.03%
- 1M
- -0.45%
- 6M
- 1.01%
- YTD
- 0.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 9.11%
- YTD
- 9.32%
- 1Y
- 19.17%
- 3Y*
- 18.87%
- 5Y*
- 11.45%
- 10Y*
- 13.53%
TIPC Monthly Returns History
Based on dividend-adjusted daily data since Aug 19, 2025, TIPC's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 67% of months were positive and 33% were negative. The best month was Feb 2026 with a return of +1.9%, while the worst month was Mar 2026 at -2.0%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, TIPC closed higher 52% of trading days. The best single day was Mar 30, 2026 with a return of +0.8%, while the worst single day was Mar 20, 2026 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.36% | 1.85% | -1.98% | 1.02% | 0.36% | -0.37% | -0.27% | 0.93% | |||||
| 2025 | 1.14% | 0.72% | 0.27% | 0.11% | -0.94% | 1.30% |
Benchmark Metrics
Northern Trust 2045 Inflation-Linked Distributing Ladder ETF has an annualized alpha of 0.76%, beta of 0.11, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since August 19, 2025.
- This ETF participated in 25.19% of S&P 500 Index downside but only 15.13% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.09 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.09 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.76%
- Beta
- 0.11
- R²
- 0.09
- Upside Capture
- 15.13%
- Downside Capture
- 25.19%
Expense Ratio
TIPC has an expense ratio of 0.10%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Northern Trust 2045 Inflation-Linked Distributing Ladder ETF (TIPC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIPC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.23 | — |
| Martin ratioReturn relative to average drawdown | — | 9.69 | — |
Dividends
Dividend History
Northern Trust 2045 Inflation-Linked Distributing Ladder ETF provided a 4.94% dividend yield over the last twelve months, with an annual payout of $4.83 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $4.83 | $1.20 |
Dividend yield | 4.94% | 1.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Northern Trust 2045 Inflation-Linked Distributing Ladder ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.35 | $0.65 | $1.27 | $1.37 | $3.63 | |||||
| 2025 | $0.46 | $0.75 | $1.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Northern Trust 2045 Inflation-Linked Distributing Ladder ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Northern Trust 2045 Inflation-Linked Distributing Ladder ETF was 2.95%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current Northern Trust 2045 Inflation-Linked Distributing Ladder ETF drawdown is 1.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.95%Mar 2026 | 25d | — | 4mo 4dMar 2026 - now |
2026 pullback2026 | -2.12%Jan 2026 | 2mo 29d | 1mo 7d | 4mo 6dOct 2025 - Feb 2026 |
2025 pullback2025 | -1.34%Oct 2025 | 19d | 10d | 29dSep 2025 - Oct 2025 |
2025 pullback2025 | -0.69%Sep 2025 | 4d | 2d | 6dAug 2025 - Sep 2025 |
2025 pullback2025 | -0.26%Oct 2025 | 0s | 4d | 4dOct 2025 - Oct 2025 |
Drawdown Indicators
| TIPC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -56.78% | +53.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.66% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -10.71% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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