TIPB vs. ERX

Last updated Jun 4, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). TIPB is actively managed, while ERX is passively managed. At a correlation of -0.09, they often move in opposite directions.

Performance

TIPB vs. ERX - 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 Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.86% return, which is significantly lower than ERX's 66.93% return.

TIPB

• 1D: -0.12%
• 1M: -0.22%
• YTD: 1.86%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: 2.68%
• 1M: -3.38%
• YTD: 66.93%
• 6M: 59.74%
• 1Y: 90.37%
• 3Y*: 23.69%
• 5Y*: 28.75%
• 10Y*: -8.79%

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

TIPB vs. ERX - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.86%	0.79%
ERX Direxion Daily Energy Bull 2X Shares	66.93%	10.62%

Correlation

The correlation between TIPB and ERX is -0.09, 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	-0.09

Return for Risk

TIPB vs. ERX — Risk / Return Rank

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

ERX

ERX Risk / Return Rank: 61
ERX Sharpe Ratio Rank: 65
ERX Sortino Ratio Rank: 53
ERX Omega Ratio Rank: 51
ERX Calmar Ratio Rank: 76
ERX Martin Ratio Rank: 59

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. ERX - 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 Direxion Daily Energy Bull 2X Shares (ERX). 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	ERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	-0.09	+1.43

Drawdowns

TIPB vs. ERX - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for TIPB and ERX.

Drawdown Indicators

	TIPB	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-99.54%	+98.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-23.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.59%	—
Current Drawdown Current decline from peak	-0.31%	-91.57%	+91.26%
Average Drawdown Average peak-to-trough decline	-0.37%	-67.02%	+66.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.57%	—

Volatility

Volatility by Period

	TIPB	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	41.14%	-38.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	51.98%	-49.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	69.18%	-66.64%

Dividends

TIPB vs. ERX - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, more than ERX's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERX Direxion Daily Energy Bull 2X Shares	1.61%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%
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%	0.00%

Frequently Asked Questions

Can I hold both TIPB and ERX in my portfolio?

TIPB and ERX have a correlation of -0.09, 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 ERX?

TIPB has the higher dividend yield at 3.02%, compared with 1.61% for ERX.

What is the main difference between TIPB and ERX?

TIPB is categorized as Inflation-Protected Bonds, while ERX is Leveraged Equities. They also come from different issuers: Northern Trust and Direxion.