TIPB vs. FENY

Last updated Jun 4, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and FENY (Fidelity MSCI Energy Index ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while FENY is a Energy Equities fund tracking the MSCI USA IMI Energy Index. TIPB is actively managed, while FENY is passively managed. At a correlation of -0.09, they often move in opposite directions.

Performance

TIPB vs. FENY - 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 Fidelity MSCI Energy Index ETF (FENY). 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 FENY's 32.52% return.

TIPB

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

FENY

• 1D: 0.18%
• 1M: -1.83%
• YTD: 32.52%
• 6M: 29.11%
• 1Y: 48.38%
• 3Y*: 18.33%
• 5Y*: 20.52%
• 10Y*: 9.33%

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

TIPB vs. FENY - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.86%	0.79%
FENY Fidelity MSCI Energy Index ETF	32.52%	7.28%

Correlation

The correlation between TIPB and FENY 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. FENY — Risk / Return Rank

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

FENY

FENY Risk / Return Rank: 71
FENY Sharpe Ratio Rank: 75
FENY Sortino Ratio Rank: 67
FENY Omega Ratio Rank: 65
FENY Calmar Ratio Rank: 81
FENY Martin Ratio Rank: 67

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. FENY - 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 Fidelity MSCI Energy Index ETF (FENY). 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	FENY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.40	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.20	+1.15

Drawdowns

TIPB vs. FENY - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum FENY drawdown of -74.35%. Use the drawdown chart below to compare losses from any high point for TIPB and FENY.

Drawdown Indicators

	TIPB	FENY	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-74.35%	+73.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.07%	—
Current Drawdown Current decline from peak	-0.31%	-6.18%	+5.87%
Average Drawdown Average peak-to-trough decline	-0.37%	-23.12%	+22.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.01%	—

Volatility

Volatility by Period

	TIPB	FENY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	20.36%	-17.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	26.46%	-23.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	29.79%	-27.25%

Dividends

TIPB vs. FENY - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, more than FENY's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENY Fidelity MSCI Energy Index ETF	2.41%	3.18%	3.05%	3.33%	3.33%	3.69%	4.60%	6.43%	3.21%	2.94%	2.29%	3.05%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPB and FENY in my portfolio?

TIPB and FENY 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 FENY?

TIPB has the higher dividend yield at 3.02%, compared with 2.41% for FENY.

What is the main difference between TIPB and FENY?

TIPB is categorized as Inflation-Protected Bonds, while FENY is Energy Equities. They also come from different issuers: Northern Trust and Fidelity.