ICPI vs. TIPB

Last updated Jun 4, 2026

ICPI (iShares 0-1 Year TIPS Bond ETF) and TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) are both Inflation-Protected Bonds funds. ICPI is passively managed, while TIPB is actively managed. At a 0.05 correlation, their price movements are largely independent.

Performance

ICPI vs. TIPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-1 Year TIPS Bond ETF (ICPI) and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICPI achieves a 2.70% return, which is significantly higher than TIPB's 1.86% return.

ICPI

• 1D: 0.05%
• 1M: 0.44%
• YTD: 2.70%
• 6M: 2.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TIPB

• 1D: -0.12%
• 1M: -0.22%
• YTD: 1.86%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ICPI vs. TIPB - Yearly Performance Comparison

	2026 (YTD)	2025
ICPI iShares 0-1 Year TIPS Bond ETF	2.70%	0.32%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.86%	-0.02%

Correlation

The correlation between ICPI and TIPB is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.05

Return for Risk

ICPI vs. TIPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ICPI	TIPB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	6.20	1.35	+4.85

Drawdowns

ICPI vs. TIPB - Drawdown Comparison

The maximum ICPI drawdown since its inception was -0.22%, smaller than the maximum TIPB drawdown of -1.32%. Use the drawdown chart below to compare losses from any high point for ICPI and TIPB.

Drawdown Indicators

	ICPI	TIPB	Difference
Max Drawdown Largest peak-to-trough decline	-0.22%	-1.32%	+1.10%
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.37%	+0.34%

Volatility

Volatility by Period

	ICPI	TIPB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.95%	2.54%	-1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.95%	2.54%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.95%	2.54%	-1.59%

Dividends

ICPI vs. TIPB - Dividend Comparison

ICPI's dividend yield for the trailing twelve months is around 1.80%, less than TIPB's 3.02% yield.

Position	TTM	2025
ICPI iShares 0-1 Year TIPS Bond ETF	1.80%	0.54%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	1.09%

Frequently Asked Questions

Can I hold both ICPI and TIPB in my portfolio?

ICPI and TIPB have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, ICPI or TIPB?

TIPB has the higher dividend yield at 3.02%, compared with 1.80% for ICPI.

What is the main difference between ICPI and TIPB?

They also come from different issuers: iShares and Northern Trust.