TIPA vs. VTP

Last updated Jul 4, 2026

TIPA (Northern Trust 2030 Inflation-Linked Distributing Ladder ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. TIPA is actively managed, while VTP is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. TIPA charges 0.10%/yr vs 0.05%/yr for VTP.

Performance

TIPA vs. VTP - 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 Vanguard Total Inflation-Protected Securities ETF (VTP). 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 higher than VTP's 1.43% return.

TIPA

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

VTP

• 1D: 0.32%
• 1M: -0.12%
• 6M: 1.47%
• YTD: 1.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TIPA vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF	1.78%	0.52%
VTP Vanguard Total Inflation-Protected Securities ETF	1.43%	1.61%

Correlation

The correlation between TIPA and VTP is 0.76, 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	0.76

Return for Risk

TIPA vs. VTP - 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 Vanguard Total Inflation-Protected Securities ETF (VTP). 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.

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

Drawdowns

TIPA vs. VTP - Drawdown Comparison

The maximum TIPA drawdown since its inception was -0.76%, smaller than the maximum VTP drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for TIPA and VTP.

Drawdown Indicators

	TIPA	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-1.92%	+1.16%
Current Drawdown Current decline from peak	-0.43%	-0.42%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.52%	+0.30%

Volatility

Volatility by Period

	TIPA	VTP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.63%	3.37%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.63%	3.37%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.63%	3.37%	-1.74%

TIPA vs. VTP - Expense Ratio Comparison

TIPA has a 0.10% expense ratio, which is higher than VTP's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TIPA vs. VTP - Dividend Comparison

TIPA's dividend yield for the trailing twelve months is around 3.29%, more than VTP's 2.97% yield.

Position	TTM	2025
TIPA Northern Trust 2030 Inflation-Linked Distributing Ladder ETF	3.29%	0.84%
VTP Vanguard Total Inflation-Protected Securities ETF	2.97%	1.56%

Frequently Asked Questions

Can I hold both TIPA and VTP in my portfolio?

TIPA and VTP have a correlation of 0.76, 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 VTP?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPA or VTP?

VTP is cheaper with a 0.05% expense ratio, compared with 0.10% for TIPA.

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

TIPA has the higher dividend yield at 3.29%, compared with 2.97% for VTP.

What is the main difference between TIPA and VTP?

They also come from different issuers: Northern Trust and Vanguard. Their fees differ too: 0.10% for TIPA and 0.05% for VTP.