TIPC vs. PBTP
TIPC (Northern Trust 2045 Inflation-Linked Distributing Ladder ETF) and PBTP (Invesco PureBeta 0-5 Yr US TIPS ETF) are both Inflation-Protected Bonds funds. TIPC is actively managed, while PBTP is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. TIPC charges 0.10%/yr vs 0.07%/yr for PBTP.
Performance
TIPC vs. PBTP - 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 PBTP's 1.66% return.
TIPC
- 1D
- -0.36%
- 1M
- -0.85%
- 6M
- -0.33%
- YTD
- -0.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PBTP
- 1D
- -0.14%
- 1M
- 0.27%
- 6M
- 1.58%
- YTD
- 1.66%
- 1Y
- 3.18%
- 3Y*
- 4.98%
- 5Y*
- 3.03%
- 10Y*
- —
- ALL TIME*
- 3.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $980.83K | $826.42K | $1.07M | |
| $1.65K | $7.26K | $9.64K |
TIPC vs. PBTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | -0.23% | 1.30% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 1.66% | 1.05% |
Correlation
The correlation between TIPC and PBTP is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.63 |
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Return for Risk
TIPC vs. PBTP — Risk / Return Rank
TIPC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBTP
TIPC vs. PBTP - 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 Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP). 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 | PBTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.20 | — |
| Martin ratioReturn relative to average drawdown | — | 13.38 | — |
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Drawdowns
TIPC vs. PBTP - Drawdown Comparison
The maximum TIPC drawdown since its inception was -2.95%, smaller than the maximum PBTP drawdown of -5.44%. Use the drawdown chart below to compare losses from any high point for TIPC and PBTP.
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Drawdown Indicators
| TIPC | PBTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -5.44% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.44% | — |
Current DrawdownCurrent decline from peak | -2.39% | -0.50% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -0.75% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.24% | — |
Volatility
TIPC vs. PBTP - Volatility Comparison
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Volatility by Period
| TIPC | PBTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 1.61% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 2.84% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 2.63% | +2.00% |
TIPC vs. PBTP - Expense Ratio Comparison
TIPC has a 0.10% expense ratio, which is higher than PBTP's 0.07% 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. PBTP - Dividend Comparison
TIPC's dividend yield for the trailing twelve months is around 5.00%, more than PBTP's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 4.81% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% |
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% |
Frequently Asked Questions
TIPC and PBTP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBTP is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBTP is cheaper with a 0.07% expense ratio, compared with 0.10% for TIPC.
TIPC has the higher dividend yield at 5.00%, compared with 4.81% for PBTP.
They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.10% for TIPC and 0.07% for PBTP.
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