TIPB vs. IBII

Last updated Jun 3, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and IBII (iShares iBonds Oct 2032 Term TIPS ETF) are both Inflation-Protected Bonds funds. TIPB is actively managed, while IBII is passively managed. With a 0.95 correlation, they move nearly in lockstep.

Performance

TIPB vs. IBII - 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 iShares iBonds Oct 2032 Term TIPS ETF (IBII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.99% return, which is significantly higher than IBII's 1.82% return.

TIPB

• 1D: -0.02%
• 1M: -0.16%
• YTD: 1.99%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBII

• 1D: -0.02%
• 1M: -0.42%
• YTD: 1.82%
• 6M: 1.48%
• 1Y: 5.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TIPB vs. IBII - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.99%	0.79%
IBII iShares iBonds Oct 2032 Term TIPS ETF	1.82%	1.31%

Correlation

The correlation between TIPB and IBII is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.95

Return for Risk

TIPB vs. IBII — Risk / Return Rank

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

IBII

IBII Risk / Return Rank: 52
IBII Sharpe Ratio Rank: 48
IBII Sortino Ratio Rank: 53
IBII Omega Ratio Rank: 48
IBII Calmar Ratio Rank: 55
IBII Martin Ratio Rank: 54

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. IBII - 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 iShares iBonds Oct 2032 Term TIPS ETF (IBII). 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	IBII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	1.14	+0.28

Drawdowns

TIPB vs. IBII - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum IBII drawdown of -4.65%. Use the drawdown chart below to compare losses from any high point for TIPB and IBII.

Drawdown Indicators

	TIPB	IBII	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-4.65%	+3.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.98%	—
Current Drawdown Current decline from peak	-0.19%	-0.46%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.37%	-1.12%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.57%	—

Volatility

Volatility by Period

	TIPB	IBII	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	3.43%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	5.42%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	5.42%	-2.88%

Dividends

TIPB vs. IBII - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, less than IBII's 4.04% yield.

Position	TTM	2025	2024	2023
IBII iShares iBonds Oct 2032 Term TIPS ETF	4.04%	4.80%	4.76%	1.10%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	1.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPB and IBII in my portfolio?

With a correlation of 0.95, TIPB and IBII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF pays a higher dividend yield, TIPB or IBII?

IBII has the higher dividend yield at 4.04%, compared with 3.02% for TIPB.

What is the main difference between TIPB and IBII?

They also come from different issuers: Northern Trust and iShares.