TIPB vs. CNRG

Last updated Jun 3, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and CNRG (SPDR S&P Kensho Clean Power ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while CNRG is a Alternative Energy Equities fund tracking the S&P Kensho Clean Power Index. TIPB is actively managed, while CNRG is passively managed. At a correlation of -0.01, they often move in opposite directions.

Performance

TIPB vs. CNRG - 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 SPDR S&P Kensho Clean Power ETF (CNRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.99% return, which is significantly lower than CNRG's 36.68% return.

TIPB

• 1D: -0.02%
• 1M: -0.16%
• YTD: 1.99%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNRG

• 1D: -2.81%
• 1M: 18.72%
• YTD: 36.68%
• 6M: 32.67%
• 1Y: 117.30%
• 3Y*: 15.27%
• 5Y*: 5.21%
• 10Y*: —

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

TIPB vs. CNRG - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.99%	0.79%
CNRG SPDR S&P Kensho Clean Power ETF	36.68%	25.98%

Correlation

The correlation between TIPB and CNRG is -0.01, 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 20, 2025	-0.01

Return for Risk

TIPB vs. CNRG — Risk / Return Rank

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

CNRG

CNRG Risk / Return Rank: 84
CNRG Sharpe Ratio Rank: 91
CNRG Sortino Ratio Rank: 79
CNRG Omega Ratio Rank: 76
CNRG Calmar Ratio Rank: 93
CNRG Martin Ratio Rank: 83

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. CNRG - 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 SPDR S&P Kensho Clean Power ETF (CNRG). 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.

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

Sharpe Ratios by Period

	TIPB	CNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.62	+0.80

Drawdowns

TIPB vs. CNRG - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum CNRG drawdown of -68.49%. Use the drawdown chart below to compare losses from any high point for TIPB and CNRG.

Drawdown Indicators

	TIPB	CNRG	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-68.49%	+67.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.17%	—
Current Drawdown Current decline from peak	-0.19%	-11.12%	+10.93%
Average Drawdown Average peak-to-trough decline	-0.37%	-31.82%	+31.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.90%	—

Volatility

Volatility by Period

	TIPB	CNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	36.49%	-33.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	33.99%	-31.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	35.78%	-33.24%

Dividends

TIPB vs. CNRG - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, more than CNRG's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CNRG SPDR S&P Kensho Clean Power ETF	1.01%	1.46%	1.34%	1.17%	1.23%	1.34%	0.69%	1.16%	0.35%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPB and CNRG in my portfolio?

TIPB and CNRG have a correlation of -0.01, 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 CNRG?

TIPB has the higher dividend yield at 3.02%, compared with 1.01% for CNRG.

What is the main difference between TIPB and CNRG?

TIPB is categorized as Inflation-Protected Bonds, while CNRG is Alternative Energy Equities. They also come from different issuers: Northern Trust and State Street.