TIPB vs. ACLO

Last updated Jun 24, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. At a correlation of -0.10, they often move in opposite directions.

Performance

TIPB vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) and TCW AAA CLO ETF (ACLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.03% return, which is significantly lower than ACLO's 2.44% return.

TIPB

• 1D: -0.02%
• 1M: -0.41%
• YTD: 1.03%
• 6M: 1.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACLO

• 1D: 0.03%
• 1M: 0.44%
• YTD: 2.44%
• 6M: 2.55%
• 1Y: 5.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TIPB vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.03%	0.79%
ACLO TCW AAA CLO ETF	2.44%	1.89%

Correlation

The correlation between TIPB and ACLO is -0.10, 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	-0.10

Return for Risk

TIPB vs. ACLO — Risk / Return Rank

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

TIPB

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

ACLO

ACLO Risk / Return Rank: 99
ACLO Sharpe Ratio Rank: 99
ACLO Sortino Ratio Rank: 99
ACLO Omega Ratio Rank: 99
ACLO Calmar Ratio Rank: 99
ACLO Martin Ratio Rank: 99

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.

TIPB vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) and TCW AAA CLO ETF (ACLO). 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.

	TIPB	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	—	7.28	—
Sortino ratio: Return per unit of downside risk	—	15.06	—
Omega ratio: Gain probability vs. loss probability	—	3.42	—
Calmar ratio: Return relative to maximum drawdown	—	19.77	—
Martin ratio: Return relative to average drawdown	—	164.39	—

Drawdowns

TIPB vs. ACLO - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for TIPB and ACLO.

Drawdown Indicators

	TIPB	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-1.01%	-0.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.27%	—
Current Drawdown Current decline from peak	-1.12%	0.00%	-1.12%
Average Drawdown Average peak-to-trough decline	-0.38%	-0.04%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	TIPB	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.65%	0.73%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.65%	1.07%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.65%	1.07%	+1.58%

Dividends

TIPB vs. ACLO - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.04%, less than ACLO's 4.90% yield.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.04%	1.09%	0.00%

Frequently Asked Questions

Can I hold both TIPB and ACLO in my portfolio?

TIPB and ACLO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TIPB or ACLO?

ACLO has the higher dividend yield at 4.90%, compared with 3.04% for TIPB.

What is the main difference between TIPB and ACLO?

TIPB is categorized as Inflation-Protected Bonds, while ACLO is CLO. They also come from different issuers: Northern Trust and TCW.