TIPC vs. GUNR
TIPC (Northern Trust 2045 Inflation-Linked Distributing Ladder ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - TIPC is a Inflation-Protected Bonds fund actively managed by Northern Trust, while GUNR is a Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index. TIPC is actively managed, while GUNR is passively managed. At a 0.17 correlation, their price movements are largely independent. TIPC charges 0.10%/yr vs 0.46%/yr for GUNR.
Performance
TIPC vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, TIPC achieves a -0.23% return, which is significantly lower than GUNR's 15.62% return.
TIPC
- 1D
- -0.36%
- 1M
- -0.85%
- 6M
- -0.33%
- YTD
- -0.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GUNR
- 1D
- -0.19%
- 1M
- 5.38%
- 6M
- 5.79%
- YTD
- 15.62%
- 1Y
- 28.80%
- 3Y*
- 10.97%
- 5Y*
- 11.08%
- 10Y*
- 10.40%
- ALL TIME*
- 6.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.76M | $20.23M | $19.41M | |
| $1.65K | $7.26K | $9.64K |
TIPC vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | -0.23% | 1.30% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 15.62% | 12.69% |
Correlation
The correlation between TIPC and GUNR is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.17 |
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Return for Risk
TIPC vs. GUNR — Risk / Return Rank
TIPC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUNR
TIPC vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2045 Inflation-Linked Distributing Ladder ETF (TIPC) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR). 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.
| TIPC | GUNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.47 | — |
| Martin ratioReturn relative to average drawdown | — | 7.97 | — |
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Drawdowns
TIPC vs. GUNR - Drawdown Comparison
The maximum TIPC drawdown since its inception was -2.95%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for TIPC and GUNR.
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Drawdown Indicators
| TIPC | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -45.64% | +42.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.04% | — |
Current DrawdownCurrent decline from peak | -2.39% | -5.48% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -10.38% | +9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.64% | — |
Volatility
TIPC vs. GUNR - Volatility Comparison
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Volatility by Period
| TIPC | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 15.93% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 18.96% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 20.32% | -15.69% |
TIPC vs. GUNR - Expense Ratio Comparison
TIPC has a 0.10% expense ratio, which is lower than GUNR's 0.46% expense ratio.
Dividends
TIPC vs. GUNR - Dividend Comparison
TIPC's dividend yield for the trailing twelve months is around 5.00%, more than GUNR's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.32% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | 5.00% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPC and GUNR have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIPC is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPC is cheaper with a 0.10% expense ratio, compared with 0.46% for GUNR.
TIPC has the higher dividend yield at 5.00%, compared with 2.32% for GUNR.
TIPC is categorized as Inflation-Protected Bonds, while GUNR is Natural Resources. Their fees differ too: 0.10% for TIPC and 0.46% for GUNR.
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