TIPB vs. TDTF

Last updated Jun 3, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) are both Inflation-Protected Bonds funds from Northern Trust. TIPB is actively managed, while TDTF is passively managed. Their correlation of 0.92 suggests significant overlap in exposure.

Performance

TIPB vs. TDTF - 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 FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF). 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 TDTF's 1.52% return.

TIPB

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

TDTF

• 1D: -0.13%
• 1M: -0.44%
• YTD: 1.52%
• 6M: 1.18%
• 1Y: 5.07%
• 3Y*: 4.56%
• 5Y*: 1.72%
• 10Y*: 2.93%

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

TIPB vs. TDTF - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.99%	0.79%
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund	1.52%	1.18%

Correlation

The correlation between TIPB and TDTF is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.92

Return for Risk

TIPB vs. TDTF — Risk / Return Rank

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

TDTF

TDTF Risk / Return Rank: 54
TDTF Sharpe Ratio Rank: 48
TDTF Sortino Ratio Rank: 52
TDTF Omega Ratio Rank: 48
TDTF Calmar Ratio Rank: 65
TDTF Martin Ratio Rank: 60

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. TDTF - 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 FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF). 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	TDTF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.47	+0.94

Drawdowns

TIPB vs. TDTF - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum TDTF drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for TIPB and TDTF.

Drawdown Indicators

	TIPB	TDTF	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-12.02%	+10.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.58%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-12.02%	—
Current Drawdown Current decline from peak	-0.19%	-0.57%	+0.38%
Average Drawdown Average peak-to-trough decline	-0.37%	-2.91%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.48%	—

Volatility

Volatility by Period

	TIPB	TDTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	3.06%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	5.69%	-3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	5.07%	-2.53%

Dividends

TIPB vs. TDTF - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, less than TDTF's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund	4.71%	4.58%	3.98%	3.97%	7.60%	4.55%	1.13%	1.80%	2.60%	2.20%	1.51%	0.21%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	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 TDTF in my portfolio?

With a correlation of 0.92, TIPB and TDTF 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 TDTF?

TDTF has the higher dividend yield at 4.71%, compared with 3.02% for TIPB.