TIPA vs. TLTD
TIPA (Northern Trust 2030 Inflation-Linked Distributing Ladder ETF) and TLTD (FlexShares Morningstar Developed Markets ex-US Factor Tilt) are both exchange-traded funds - TIPA is a Inflation-Protected Bonds fund actively managed by Northern Trust, while TLTD is a Global Equities fund tracking the Morningstar Developed Markets ex-US Factor Tilt Index. TIPA is actively managed, while TLTD is passively managed. At a 0.09 correlation, their price movements are largely independent. TIPA charges 0.10%/yr vs 0.39%/yr for TLTD.
Performance
TIPA vs. TLTD - 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 TLTD's 8.50% return.
TIPA
- 1D
- 0.05%
- 1M
- -0.36%
- 6M
- 1.77%
- YTD
- 1.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTD
- 1D
- 1.14%
- 1M
- 0.05%
- 6M
- 7.62%
- YTD
- 8.50%
- 1Y
- 22.25%
- 3Y*
- 19.25%
- 5Y*
- 9.90%
- 10Y*
- 9.97%
TIPA vs. TLTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF | 1.78% | 0.52% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 8.50% | 8.81% |
Correlation
The correlation between TIPA and TLTD is 0.09, 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 Aug 19, 2025 | 0.09 |
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Return for Risk
TIPA vs. TLTD — Risk / Return Rank
TIPA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TLTD
TIPA vs. TLTD - 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 Developed Markets ex-US Factor Tilt (TLTD). 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 | TLTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.87 | — |
| Martin ratioReturn relative to average drawdown | — | 6.94 | — |
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Drawdowns
TIPA vs. TLTD - Drawdown Comparison
The maximum TIPA drawdown since its inception was -0.76%, smaller than the maximum TLTD drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for TIPA and TLTD.
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Drawdown Indicators
| TIPA | TLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -40.62% | +39.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.62% | — |
Current DrawdownCurrent decline from peak | -0.43% | -2.30% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -7.65% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.26% | — |
Volatility
TIPA vs. TLTD - Volatility Comparison
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Volatility by Period
| TIPA | TLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.63% | 14.82% | -13.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 16.03% | -14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.63% | 16.53% | -14.90% |
TIPA vs. TLTD - Expense Ratio Comparison
TIPA has a 0.10% expense ratio, which is lower than TLTD's 0.39% expense ratio.
Dividends
TIPA vs. TLTD - Dividend Comparison
TIPA's dividend yield for the trailing twelve months is around 3.29%, less than TLTD's 3.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt | 3.37% | 3.44% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% |
Frequently Asked Questions
TIPA and TLTD have a correlation of 0.09, 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 0.39% for TLTD.
TLTD has the higher dividend yield at 3.37%, compared with 3.29% for TIPA.
TIPA is categorized as Inflation-Protected Bonds, while TLTD is Global Equities. Their fees differ too: 0.10% for TIPA and 0.39% for TLTD.
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