TIPB vs. ASMG

Last updated Aug 2, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while ASMG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Their 0.05 correlation means their historical movements had little consistent relationship. TIPB charges 0.10%/yr vs 0.75%/yr for ASMG.

Performance

TIPB vs. ASMG - 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 Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.32% return, which is significantly lower than ASMG's 86.81% return.

TIPB

• 1D: -0.11%
• 1M: -0.15%
• 6M: 0.74%
• YTD: 1.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASMG

• 1D: -2.63%
• 1M: -17.29%
• 6M: 9.24%
• YTD: 86.81%
• 1Y: 307.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMG Leverage Shares 2X Long ASML Daily ETF	$3.03M	$5.30M	$5.99M
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	$2.11K	$9.22K	$33.66K

TIPB vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.32%	0.79%
ASMG Leverage Shares 2X Long ASML Daily ETF	86.81%	87.57%

Correlation

The correlation between TIPB and ASMG is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.05

Return for Risk

TIPB vs. ASMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 90
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TIPB vs. ASMG - 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 Leverage Shares 2X Long ASML Daily ETF (ASMG). 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	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	—	3.29	—
Sortino ratio: Return per unit of downside risk	—	3.13	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	7.35	—
Martin ratio: Return relative to average drawdown	—	22.78	—

Drawdowns

TIPB vs. ASMG - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum ASMG drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for TIPB and ASMG.

Drawdown Indicators

	TIPB	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-43.95%	+42.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-41.10%	—
Current Drawdown Current decline from peak	-0.85%	-35.29%	+34.44%
Average Drawdown Average peak-to-trough decline	-0.42%	-13.54%	+13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.24%	—

Volatility

Volatility by Period

	TIPB	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	74.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.60%	92.16%	-89.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.60%	89.81%	-87.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.60%	89.81%	-87.21%

TIPB vs. ASMG - Expense Ratio Comparison

TIPB has a 0.10% expense ratio, which is lower than ASMG's 0.75% expense ratio.

Dividends

TIPB vs. ASMG - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 4.16%, less than ASMG's 6.00% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	6.00%	11.20%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	4.16%	1.09%

Frequently Asked Questions

Can I hold both TIPB and ASMG in my portfolio?

TIPB and ASMG have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIPB or ASMG?

On fees, TIPB is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPB or ASMG?

TIPB is cheaper with a 0.10% expense ratio, compared with 0.75% for ASMG.

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

ASMG has the higher dividend yield at 6.00%, compared with 4.16% for TIPB.

What is the main difference between TIPB and ASMG?

TIPB is categorized as Inflation-Protected Bonds, while ASMG is Leveraged Equities. They also come from different issuers: Northern Trust and Leverage Shares. Their fees differ too: 0.10% for TIPB and 0.75% for ASMG.