TIPC vs. ICPI
TIPC (Northern Trust 2045 Inflation-Linked Distributing Ladder ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. TIPC is actively managed, while ICPI is passively managed. At a correlation of -0.12, they often move in opposite directions. TIPC charges 0.10%/yr vs 0.09%/yr for ICPI.
Performance
TIPC vs. ICPI - 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 ICPI's 2.83% return.
TIPC
- 1D
- -0.36%
- 1M
- -0.85%
- 6M
- -0.33%
- YTD
- -0.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ICPI
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- 2.62%
- YTD
- 2.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $156.10K | $175.80K | $241.66K | |
| $1.65K | $7.26K | $9.64K |
TIPC vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | -0.23% | -0.32% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.83% | 0.32% |
Correlation
The correlation between TIPC and ICPI 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 Nov 20, 2025 | -0.12 |
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Return for Risk
TIPC vs. ICPI - 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 iShares 0-1 Year TIPS Bond ETF (ICPI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
TIPC vs. ICPI - Drawdown Comparison
The maximum TIPC drawdown since its inception was -2.95%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for TIPC and ICPI.
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Drawdown Indicators
| TIPC | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -0.34% | -2.61% |
Current DrawdownCurrent decline from peak | -2.39% | -0.05% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -0.05% | -0.99% |
Volatility
TIPC vs. ICPI - Volatility Comparison
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Volatility by Period
| TIPC | ICPI | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 0.99% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 0.99% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 0.99% | +3.64% |
TIPC vs. ICPI - Expense Ratio Comparison
TIPC has a 0.10% expense ratio, which is higher than ICPI's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TIPC vs. ICPI - Dividend Comparison
TIPC's dividend yield for the trailing twelve months is around 5.00%, more than ICPI's 2.56% yield.
| Position | TTM | 2025 |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.56% | 0.54% |
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | 5.00% | 1.20% |
Frequently Asked Questions
TIPC and ICPI 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.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.10% for TIPC.
TIPC has the higher dividend yield at 5.00%, compared with 2.56% for ICPI.
They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.10% for TIPC and 0.09% for ICPI.
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