TIPA vs. RLY
TIPA (Northern Trust 2030 Inflation-Linked Distributing Ladder ETF) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - TIPA is a Inflation-Protected Bonds fund actively managed by Northern Trust, while RLY is a Global Allocation fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. TIPA is actively managed, while RLY is passively managed. At a 0.24 correlation, their price movements are largely independent. TIPA charges 0.10%/yr vs 0.50%/yr for RLY.
Performance
TIPA vs. RLY - Performance Comparison
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Returns By Period
In the year-to-date period, TIPA achieves a 1.84% return, which is significantly lower than RLY's 16.19% return.
TIPA
- 1D
- -0.06%
- 1M
- 0.36%
- 6M
- 1.79%
- YTD
- 1.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RLY
- 1D
- -0.14%
- 1M
- 4.36%
- 6M
- 9.05%
- YTD
- 16.19%
- 1Y
- 24.94%
- 3Y*
- 12.80%
- 5Y*
- 10.92%
- 10Y*
- 8.27%
- ALL TIME*
- 4.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.42M | $8.70M | $8.08M | |
| $1.26K | $9.58K | $152.52K |
TIPA vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF | 1.84% | 0.52% |
RLY State Street Multi-Asset Real Return ETF | 16.19% | 8.54% |
Correlation
The correlation between TIPA and RLY is 0.24, 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 | 0.24 |
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Return for Risk
TIPA vs. RLY — Risk / Return Rank
TIPA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RLY
TIPA vs. RLY - 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 State Street Multi-Asset Real Return ETF (RLY). 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 | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.43 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.32 | — |
| Martin ratioReturn relative to average drawdown | — | 11.75 | — |
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Drawdowns
TIPA vs. RLY - Drawdown Comparison
The maximum TIPA drawdown since its inception was -0.76%, smaller than the maximum RLY drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for TIPA and RLY.
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Drawdown Indicators
| TIPA | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -37.75% | +36.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.17% | — |
Current DrawdownCurrent decline from peak | -0.38% | -2.39% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -9.41% | +9.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
TIPA vs. RLY - Volatility Comparison
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Volatility by Period
| TIPA | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.60% | 10.59% | -8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.60% | 13.47% | -11.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 13.79% | -12.19% |
TIPA vs. RLY - Expense Ratio Comparison
TIPA has a 0.10% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
TIPA vs. RLY - Dividend Comparison
TIPA's dividend yield for the trailing twelve months is around 3.29%, more than RLY's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY State Street Multi-Asset Real Return ETF | 3.04% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
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 RLY have a correlation of 0.24, 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 0.50% for RLY.
TIPA has the higher dividend yield at 3.29%, compared with 3.04% for RLY.
TIPA is categorized as Inflation-Protected Bonds, while RLY is Global Allocation. They also come from different issuers: Northern Trust and State Street. Their fees differ too: 0.10% for TIPA and 0.50% for RLY.
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