TIPC vs. IQDY
TIPC (Northern Trust 2045 Inflation-Linked Distributing Ladder ETF) and IQDY (FlexShares International Quality Dividend Dynamic Index Fund) are both exchange-traded funds - TIPC is a Inflation-Protected Bonds fund actively managed by Northern Trust, while IQDY is a Quality Factor fund tracking the Northern Trust International Quality Dividend Dynamic Index. TIPC is actively managed, while IQDY is passively managed. At a 0.34 correlation, their price movements are largely independent. TIPC charges 0.10%/yr vs 0.47%/yr for IQDY.
Performance
TIPC vs. IQDY - 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 IQDY's 16.24% return.
TIPC
- 1D
- -0.36%
- 1M
- -0.85%
- 6M
- -0.33%
- YTD
- -0.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IQDY
- 1D
- -1.95%
- 1M
- -1.21%
- 6M
- 9.80%
- YTD
- 16.24%
- 1Y
- 29.25%
- 3Y*
- 22.23%
- 5Y*
- 12.26%
- 10Y*
- 11.35%
- ALL TIME*
- 8.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $808.02K | $785.39K | $395.67K | |
| $1.65K | $7.26K | $9.64K |
TIPC vs. IQDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | -0.23% | 1.30% |
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 16.24% | 10.91% |
Correlation
The correlation between TIPC and IQDY is 0.34, 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 | 0.34 |
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Return for Risk
TIPC vs. IQDY — Risk / Return Rank
TIPC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IQDY
TIPC vs. IQDY - 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 International Quality Dividend Dynamic Index Fund (IQDY). 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 | IQDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.82 | — |
| Martin ratioReturn relative to average drawdown | — | 10.26 | — |
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Drawdowns
TIPC vs. IQDY - Drawdown Comparison
The maximum TIPC drawdown since its inception was -2.95%, smaller than the maximum IQDY drawdown of -39.60%. Use the drawdown chart below to compare losses from any high point for TIPC and IQDY.
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Drawdown Indicators
| TIPC | IQDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -39.60% | +36.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.60% | — |
Current DrawdownCurrent decline from peak | -2.39% | -4.30% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -9.04% | +8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.87% | — |
Volatility
TIPC vs. IQDY - Volatility Comparison
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Volatility by Period
| TIPC | IQDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 17.71% | -13.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 18.08% | -13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 18.25% | -13.62% |
TIPC vs. IQDY - Expense Ratio Comparison
TIPC has a 0.10% expense ratio, which is lower than IQDY's 0.47% expense ratio.
Dividends
TIPC vs. IQDY - Dividend Comparison
TIPC's dividend yield for the trailing twelve months is around 5.00%, more than IQDY's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 3.02% | 3.26% | 6.95% | 6.45% | 5.52% | 3.89% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% |
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 IQDY have a correlation of 0.34, 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 0.47% for IQDY.
TIPC has the higher dividend yield at 5.00%, compared with 3.02% for IQDY.
TIPC is categorized as Inflation-Protected Bonds, while IQDY is Quality Factor. Their fees differ too: 0.10% for TIPC and 0.47% for IQDY.
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