TIPB vs. IBTF

Last updated Jun 4, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and IBTF (iShares iBonds Dec 2025 Term Treasury ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while IBTF is a Government Bonds fund tracking the ICE 2025 Maturity US Treasury Index. TIPB is actively managed, while IBTF is passively managed. At a correlation of -0.12, they often move in opposite directions.

Performance

TIPB vs. IBTF - 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 Dec 2025 Term Treasury ETF (IBTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TIPB

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

IBTF

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.09%
• 1Y: 2.14%
• 3Y*: 3.66%
• 5Y*: 0.90%
• 10Y*: —

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

TIPB vs. IBTF - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.86%	0.79%
IBTF iShares iBonds Dec 2025 Term Treasury ETF	0.00%	1.22%

Correlation

The correlation between TIPB and IBTF is -0.12, 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 20, 2025	-0.12

Return for Risk

TIPB vs. IBTF — Risk / Return Rank

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

IBTF

IBTF Risk / Return Rank: 99
IBTF Sharpe Ratio Rank: 99
IBTF Sortino Ratio Rank: 99
IBTF Omega Ratio Rank: 100
IBTF Calmar Ratio Rank: 100
IBTF Martin Ratio Rank: 99

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. IBTF - 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 Dec 2025 Term Treasury ETF (IBTF). 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	IBTF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.44	+0.90

Drawdowns

TIPB vs. IBTF - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum IBTF drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for TIPB and IBTF.

Drawdown Indicators

	TIPB	IBTF	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-10.45%	+9.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.53%	—
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-0.37%	-3.33%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	TIPB	IBTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	0.36%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	2.38%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	2.56%	-0.02%

Dividends

TIPB vs. IBTF - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, more than IBTF's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IBTF iShares iBonds Dec 2025 Term Treasury ETF	2.08%	3.83%	4.32%	4.03%	1.93%	0.57%	0.59%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPB and IBTF in my portfolio?

TIPB and IBTF have a correlation of -0.12, 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 IBTF?

TIPB has the higher dividend yield at 3.02%, compared with 2.08% for IBTF.

What is the main difference between TIPB and IBTF?

TIPB is categorized as Inflation-Protected Bonds, while IBTF is Government Bonds. They also come from different issuers: Northern Trust and iShares.