TIPC vs. HYGV
TIPC (Northern Trust 2045 Inflation-Linked Distributing Ladder ETF) and HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) are both exchange-traded funds - TIPC is a Inflation-Protected Bonds fund actively managed by Northern Trust, while HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond Index. TIPC is actively managed, while HYGV is passively managed. At a 0.49 correlation, their price movements are largely independent. TIPC charges 0.10%/yr vs 0.37%/yr for HYGV.
Performance
TIPC vs. HYGV - Performance Comparison
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Returns By Period
In the year-to-date period, TIPC achieves a 0.93% return, which is significantly lower than HYGV's 2.18% return.
TIPC
- 1D
- 0.03%
- 1M
- -0.45%
- 6M
- 1.01%
- YTD
- 0.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGV
- 1D
- 0.21%
- 1M
- 0.75%
- 6M
- 2.06%
- YTD
- 2.18%
- 1Y
- 5.71%
- 3Y*
- 8.29%
- 5Y*
- 3.36%
- 10Y*
- —
TIPC vs. HYGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | 0.93% | 1.30% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 2.18% | 2.96% |
Correlation
The correlation between TIPC and HYGV is 0.49, 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 | 0.49 |
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Return for Risk
TIPC vs. HYGV — Risk / Return Rank
TIPC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGV
TIPC vs. HYGV - 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 High Yield Value-Scored US Bond Index Fund (HYGV). 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 | HYGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.17 | — |
| Martin ratioReturn relative to average drawdown | — | 9.31 | — |
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Drawdowns
TIPC vs. HYGV - Drawdown Comparison
The maximum TIPC drawdown since its inception was -2.95%, smaller than the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for TIPC and HYGV.
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Drawdown Indicators
| TIPC | HYGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -23.47% | +20.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.12% | — |
Current DrawdownCurrent decline from peak | -1.26% | 0.00% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -3.29% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.62% | — |
Volatility
TIPC vs. HYGV - Volatility Comparison
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Volatility by Period
| TIPC | HYGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 3.86% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 7.60% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 9.16% | -4.48% |
TIPC vs. HYGV - Expense Ratio Comparison
TIPC has a 0.10% expense ratio, which is lower than HYGV's 0.37% expense ratio.
Dividends
TIPC vs. HYGV - Dividend Comparison
TIPC's dividend yield for the trailing twelve months is around 4.94%, less than HYGV's 7.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.37% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | 4.94% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPC and HYGV have a correlation of 0.49, 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 0.37% for HYGV.
HYGV has the higher dividend yield at 7.37%, compared with 4.94% for TIPC.
TIPC is categorized as Inflation-Protected Bonds, while HYGV is High Yield Bonds. Their fees differ too: 0.10% for TIPC and 0.37% for HYGV.
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