TIPB vs. FLSP
TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Both are actively managed. Their -0.09 correlation means they have often moved in opposite directions in the past. TIPB charges 0.10%/yr vs 0.65%/yr for FLSP.
Performance
TIPB vs. FLSP - Performance Comparison
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Returns By Period
In the year-to-date period, TIPB achieves a 1.32% return, which is significantly lower than FLSP's 5.20% return.
TIPB
- 1D
- -0.11%
- 1M
- -0.15%
- 6M
- 0.74%
- YTD
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FLSP
- 1D
- 1.51%
- 1M
- 3.43%
- 6M
- 4.81%
- YTD
- 5.20%
- 1Y
- 17.32%
- 3Y*
- 10.53%
- 5Y*
- 8.25%
- 10Y*
- —
- ALL TIME*
- 4.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.89M | $2.48M | $2.72M | |
| $2.11K | $9.22K | $33.66K |
TIPB vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 1.32% | 0.79% |
FLSP Franklin Liberty Systematic Style Premia ETF | 5.20% | 9.93% |
Correlation
The correlation between TIPB and FLSP is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | -0.09 |
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Return for Risk
TIPB vs. FLSP — Risk / Return Rank
TIPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLSP
TIPB vs. FLSP - 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 Franklin Liberty Systematic Style Premia ETF (FLSP). 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 | FLSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.48 | — |
| Martin ratioReturn relative to average drawdown | — | 13.39 | — |
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Drawdowns
TIPB vs. FLSP - Drawdown Comparison
The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for TIPB and FLSP.
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Drawdown Indicators
| TIPB | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.32% | -22.75% | +21.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.52% | — |
Current DrawdownCurrent decline from peak | -0.85% | 0.00% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -6.16% | +5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.35% | — |
Volatility
TIPB vs. FLSP - Volatility Comparison
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Volatility by Period
| TIPB | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 8.88% | -6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.60% | 13.37% | -10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.60% | 13.42% | -10.82% |
TIPB vs. FLSP - Expense Ratio Comparison
TIPB has a 0.10% expense ratio, which is lower than FLSP's 0.65% expense ratio.
Dividends
TIPB vs. FLSP - Dividend Comparison
TIPB's dividend yield for the trailing twelve months is around 4.16%, more than FLSP's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 2.52% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 4.16% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPB and FLSP 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.
On fees, TIPB is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPB is cheaper with a 0.10% expense ratio, compared with 0.65% for FLSP.
TIPB has the higher dividend yield at 4.16%, compared with 2.52% for FLSP.
TIPB is categorized as Inflation-Protected Bonds, while FLSP is Long-Short. They also come from different issuers: Northern Trust and Franklin Templeton. Their fees differ too: 0.10% for TIPB and 0.65% for FLSP.
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