TIPB vs. FXN

Last updated Jul 17, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and FXN (First Trust Energy AlphaDEX Fund) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while FXN is a Energy Equities fund tracking the StrataQuant Energy Index. TIPB is actively managed, while FXN is passively managed. At a correlation of -0.10, they often move in opposite directions.

Performance

TIPB vs. FXN - 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 First Trust Energy AlphaDEX Fund (FXN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.46% return, which is significantly lower than FXN's 28.98% return.

TIPB

• 1D: -0.07%
• 1M: -0.28%
• 6M: 1.29%
• YTD: 1.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXN

• 1D: 0.43%
• 1M: 2.29%
• 6M: 24.59%
• YTD: 28.98%
• 1Y: 41.26%
• 3Y*: 12.41%
• 5Y*: 18.52%
• 10Y*: 5.85%

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

TIPB vs. FXN - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.46%	0.79%
FXN First Trust Energy AlphaDEX Fund	28.98%	7.61%

Correlation

The correlation between TIPB and FXN is -0.10, 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 19, 2025	-0.10

Return for Risk

TIPB vs. FXN — Risk / Return Rank

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

TIPB

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

FXN

FXN Risk / Return Rank: 65
FXN Sharpe Ratio Rank: 69
FXN Sortino Ratio Rank: 63
FXN Omega Ratio Rank: 59
FXN Calmar Ratio Rank: 76
FXN Martin Ratio Rank: 57

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. FXN - 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 First Trust Energy AlphaDEX Fund (FXN). 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	FXN	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.34	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	3.09	—
Martin ratio: Return relative to average drawdown	—	7.78	—

Drawdowns

TIPB vs. FXN - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum FXN drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for TIPB and FXN.

Drawdown Indicators

	TIPB	FXN	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-87.39%	+86.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.63%	—
Current Drawdown Current decline from peak	-0.71%	-8.70%	+7.99%
Average Drawdown Average peak-to-trough decline	-0.40%	-37.81%	+37.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.31%	—

Volatility

Volatility by Period

	TIPB	FXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.62%	23.23%	-20.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.62%	28.80%	-26.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.62%	34.82%	-32.20%

Dividends

TIPB vs. FXN - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 4.15%, more than FXN's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXN First Trust Energy AlphaDEX Fund	1.70%	2.53%	2.50%	3.09%	2.28%	0.87%	4.71%	1.47%	1.43%	1.17%	1.05%	2.36%
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

Can I hold both TIPB and FXN in my portfolio?

TIPB and FXN have a correlation of -0.10, 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 FXN?

TIPB has the higher dividend yield at 4.15%, compared with 1.70% for FXN.

What is the main difference between TIPB and FXN?

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