TIPA vs. IBID

Last updated Jul 4, 2026

TIPA (Northern Trust 2030 Inflation-Linked Distributing Ladder ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both Inflation-Protected Bonds funds. TIPA is actively managed, while IBID is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

TIPA vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2030 Inflation-Linked Distributing Ladder ETF (TIPA) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPA achieves a 1.78% return, which is significantly lower than IBID's 2.21% return.

TIPA

• 1D: 0.05%
• 1M: -0.36%
• 6M: 1.77%
• YTD: 1.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.12%
• 1M: -0.24%
• 6M: 2.21%
• YTD: 2.21%
• 1Y: 4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TIPA vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF	1.78%	0.52%
IBID iShares iBonds Oct 2027 Term TIPS ETF	2.21%	1.01%

Correlation

The correlation between TIPA and IBID is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.58

Return for Risk

TIPA vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIPA

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

IBID

IBID Risk / Return Rank: 96
IBID Sharpe Ratio Rank: 96
IBID Sortino Ratio Rank: 97
IBID Omega Ratio Rank: 97
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIPA vs. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	—	3.30	—
Sortino ratio: Return per unit of downside risk	—	5.56	—
Omega ratio: Gain probability vs. loss probability	—	1.74	—
Calmar ratio: Return relative to maximum drawdown	—	7.47	—
Martin ratio: Return relative to average drawdown	—	26.54	—

Drawdowns

TIPA vs. IBID - Drawdown Comparison

The maximum TIPA drawdown since its inception was -0.76%, smaller than the maximum IBID drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for TIPA and IBID.

Drawdown Indicators

	TIPA	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-1.28%	+0.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.55%	—
Current Drawdown Current decline from peak	-0.43%	-0.28%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.23%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.15%	—

Volatility

Volatility by Period

	TIPA	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.63%	1.25%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.63%	2.24%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.63%	2.24%	-0.61%

TIPA vs. IBID - Expense Ratio Comparison

Both TIPA and IBID have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

TIPA vs. IBID - Dividend Comparison

TIPA's dividend yield for the trailing twelve months is around 3.29%, less than IBID's 4.91% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	4.91%	4.43%	4.24%	0.81%
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF	3.29%	0.84%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPA and IBID in my portfolio?

TIPA and IBID have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIPA or IBID?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPA or IBID?

TIPA and IBID have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, TIPA or IBID?

IBID has the higher dividend yield at 4.91%, compared with 3.29% for TIPA.

What is the main difference between TIPA and IBID?

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