TIPA vs. GUNR
TIPA (Northern Trust 2030 Inflation-Linked Distributing Ladder ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - TIPA is a Inflation-Protected Bonds fund actively managed by Northern Trust, while GUNR is a Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index. TIPA is actively managed, while GUNR is passively managed. At a 0.20 correlation, their price movements are largely independent. TIPA charges 0.10%/yr vs 0.46%/yr for GUNR.
Performance
TIPA vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, TIPA achieves a 1.78% return, which is significantly lower than GUNR's 9.78% return.
TIPA
- 1D
- 0.05%
- 1M
- -0.36%
- 6M
- 1.77%
- YTD
- 1.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUNR
- 1D
- 1.63%
- 1M
- -7.90%
- 6M
- 8.06%
- YTD
- 9.78%
- 1Y
- 24.13%
- 3Y*
- 10.40%
- 5Y*
- 9.02%
- 10Y*
- 9.90%
TIPA vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF | 1.78% | 0.52% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 9.78% | 12.69% |
Correlation
The correlation between TIPA and GUNR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.20 |
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Return for Risk
TIPA vs. GUNR — Risk / Return Rank
TIPA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUNR
TIPA vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2030 Inflation-Linked Distributing Ladder ETF (TIPA) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR). 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.
| TIPA | GUNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.08 | — |
| Martin ratioReturn relative to average drawdown | — | 8.02 | — |
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Drawdowns
TIPA vs. GUNR - Drawdown Comparison
The maximum TIPA drawdown since its inception was -0.76%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for TIPA and GUNR.
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Drawdown Indicators
| TIPA | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -45.64% | +44.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.04% | — |
Current DrawdownCurrent decline from peak | -0.43% | -10.26% | +9.83% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -10.39% | +10.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.02% | — |
Volatility
TIPA vs. GUNR - Volatility Comparison
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Volatility by Period
| TIPA | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.63% | 15.98% | -14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 19.04% | -17.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.63% | 20.33% | -18.70% |
TIPA vs. GUNR - Expense Ratio Comparison
TIPA has a 0.10% expense ratio, which is lower than GUNR's 0.46% expense ratio.
Dividends
TIPA vs. GUNR - Dividend Comparison
TIPA's dividend yield for the trailing twelve months is around 3.29%, more than GUNR's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.44% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF | 3.29% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPA and GUNR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIPA is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPA is cheaper with a 0.10% expense ratio, compared with 0.46% for GUNR.
TIPA has the higher dividend yield at 3.29%, compared with 2.44% for GUNR.
TIPA is categorized as Inflation-Protected Bonds, while GUNR is Natural Resources. Their fees differ too: 0.10% for TIPA and 0.46% for GUNR.
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