TIPB vs. BCLO
TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and BCLO (iShares BBB-B CLO Active ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while BCLO is a CLO fund tracking the JP Morgan CLOIE High Quality Mezzanine Index. TIPB is actively managed, while BCLO is passively managed. At a correlation of -0.13, they often move in opposite directions.
Performance
TIPB vs. BCLO - Performance Comparison
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Returns By Period
In the year-to-date period, TIPB achieves a 1.03% return, which is significantly lower than BCLO's 3.08% return.
TIPB
- 1D
- -0.02%
- 1M
- -0.41%
- YTD
- 1.03%
- 6M
- 1.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCLO
- 1D
- 0.12%
- 1M
- 0.53%
- YTD
- 3.08%
- 6M
- 3.11%
- 1Y
- 6.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPB vs. BCLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 1.03% | 0.79% |
BCLO iShares BBB-B CLO Active ETF | 3.08% | 1.99% |
Correlation
The correlation between TIPB and BCLO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | -0.13 |
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Return for Risk
TIPB vs. BCLO — Risk / Return Rank
TIPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BCLO
TIPB vs. BCLO - 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 iShares BBB-B CLO Active ETF (BCLO). 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 | BCLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.59 | — |
| Martin ratioReturn relative to average drawdown | — | 13.26 | — |
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Drawdowns
TIPB vs. BCLO - Drawdown Comparison
The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum BCLO drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for TIPB and BCLO.
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Drawdown Indicators
| TIPB | BCLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.32% | -4.45% | +3.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.92% | — |
Current DrawdownCurrent decline from peak | -1.12% | 0.00% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -0.39% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.52% | — |
Volatility
TIPB vs. BCLO - Volatility Comparison
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Volatility by Period
| TIPB | BCLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 2.01% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 4.31% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.65% | 4.31% | -1.66% |
Dividends
TIPB vs. BCLO - Dividend Comparison
TIPB's dividend yield for the trailing twelve months is around 3.04%, less than BCLO's 6.57% yield.
| Position | TTM | 2025 |
|---|---|---|
BCLO iShares BBB-B CLO Active ETF | 6.57% | 6.45% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 3.04% | 1.09% |
Frequently Asked Questions
TIPB and BCLO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCLO has the higher dividend yield at 6.57%, compared with 3.04% for TIPB.
TIPB is categorized as Inflation-Protected Bonds, while BCLO is CLO. They also come from different issuers: Northern Trust and iShares.
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