TIPB vs. FENY
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 25/50 Index. TIPB is actively managed, while FENY is passively managed. At a correlation of -0.13, they often move in opposite directions.
Performance
TIPB vs. FENY - Performance Comparison
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Returns By Period
In the year-to-date period, TIPB achieves a 1.38% return, which is significantly lower than FENY's 28.83% return.
TIPB
- 1D
- -0.13%
- 1M
- -0.28%
- 6M
- 1.21%
- YTD
- 1.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FENY
- 1D
- 2.97%
- 1M
- -0.63%
- 6M
- 24.41%
- YTD
- 28.83%
- 1Y
- 31.69%
- 3Y*
- 15.71%
- 5Y*
- 21.78%
- 10Y*
- 8.77%
TIPB vs. FENY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 1.38% | 0.79% |
FENY Fidelity MSCI Energy Index ETF | 28.83% | 7.10% |
Correlation
The correlation between TIPB and FENY 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. FENY — Risk / Return Rank
TIPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FENY
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.
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 | FENY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.13 | — |
| Martin ratioReturn relative to average drawdown | — | 5.85 | — |
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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.
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Drawdown Indicators
| TIPB | FENY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.32% | -74.35% | +73.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.96% | — |
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 DrawdownCurrent decline from peak | -0.79% | -8.80% | +8.01% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -23.02% | +22.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.46% | — |
Volatility
TIPB vs. FENY - Volatility Comparison
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Volatility by Period
| TIPB | FENY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 20.93% | -18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 26.39% | -23.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.63% | 29.79% | -27.16% |
Dividends
TIPB vs. FENY - Dividend Comparison
TIPB's dividend yield for the trailing twelve months is around 4.15%, more than FENY's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FENY Fidelity MSCI Energy Index ETF | 2.47% | 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 | 4.15% | 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
TIPB and FENY 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.
TIPB has the higher dividend yield at 4.15%, compared with 2.47% for FENY.
TIPB is categorized as Inflation-Protected Bonds, while FENY is Energy Equities. They also come from different issuers: Northern Trust and Fidelity.
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