BCLO vs. TIPB
BCLO (iShares BBB-B CLO Active ETF) and TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) are both exchange-traded funds - BCLO is a CLO fund tracking the JP Morgan CLOIE High Quality Mezzanine Index, while TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust. BCLO is passively managed, while TIPB is actively managed. At a correlation of -0.13, they often move in opposite directions.
Performance
BCLO vs. TIPB - Performance Comparison
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Returns By Period
In the year-to-date period, BCLO achieves a 3.04% return, which is significantly higher than TIPB's 1.25% return.
BCLO
- 1D
- -0.04%
- 1M
- 0.49%
- YTD
- 3.04%
- 6M
- 3.10%
- 1Y
- 6.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPB
- 1D
- 0.21%
- 1M
- -0.20%
- YTD
- 1.25%
- 6M
- 1.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCLO vs. TIPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCLO iShares BBB-B CLO Active ETF | 3.04% | 1.99% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 1.25% | 0.79% |
Correlation
The correlation between BCLO and TIPB is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | -0.13 |
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Return for Risk
BCLO vs. TIPB — Risk / Return Rank
BCLO
TIPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BCLO vs. TIPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB-B CLO Active ETF (BCLO) and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BCLO | TIPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | — | — |
| Martin ratioReturn relative to average drawdown | 13.26 | — | — |
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Drawdowns
BCLO vs. TIPB - Drawdown Comparison
The maximum BCLO drawdown since its inception was -4.45%, which is greater than TIPB's maximum drawdown of -1.32%. Use the drawdown chart below to compare losses from any high point for BCLO and TIPB.
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Drawdown Indicators
| BCLO | TIPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.45% | -1.32% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.91% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -0.39% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
BCLO vs. TIPB - Volatility Comparison
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Volatility by Period
| BCLO | TIPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 2.65% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 2.65% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 2.65% | +1.65% |
Dividends
BCLO vs. TIPB - Dividend Comparison
BCLO's dividend yield for the trailing twelve months is around 6.57%, more than TIPB's 3.04% yield.
| Position | TTM | 2025 |
|---|---|---|
BCLO iShares BBB-B CLO Active ETF | 6.57% | 6.45% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 3.04% | 1.09% |
Frequently Asked Questions
BCLO and TIPB have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCLO has the higher dividend yield at 6.57%, compared with 3.04% for TIPB.
BCLO is categorized as CLO, while TIPB is Inflation-Protected Bonds. They also come from different issuers: iShares and Northern Trust.
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