TIPC vs. TDTF
TIPC (Northern Trust 2045 Inflation-Linked Distributing Ladder ETF) and TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) are both Inflation-Protected Bonds funds from Northern Trust. TIPC is actively managed, while TDTF is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. TIPC charges 0.10%/yr vs 0.18%/yr for TDTF.
Performance
TIPC vs. TDTF - 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 TDTF's 1.13% return.
TIPC
- 1D
- 0.03%
- 1M
- -0.45%
- 6M
- 1.01%
- YTD
- 0.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTF
- 1D
- 0.11%
- 1M
- -0.39%
- 6M
- 1.28%
- YTD
- 1.13%
- 1Y
- 3.61%
- 3Y*
- 4.59%
- 5Y*
- 1.56%
- 10Y*
- 2.74%
TIPC vs. TDTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | 0.93% | 1.30% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.13% | 1.26% |
Correlation
The correlation between TIPC and TDTF is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.86 |
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Return for Risk
TIPC vs. TDTF — Risk / Return Rank
TIPC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TDTF
TIPC vs. TDTF - 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 iBoxx 5-Year Target Duration TIPS Index Fund (TDTF). 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 | TDTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.22 | — |
| Martin ratioReturn relative to average drawdown | — | 6.43 | — |
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Drawdowns
TIPC vs. TDTF - Drawdown Comparison
The maximum TIPC drawdown since its inception was -2.95%, smaller than the maximum TDTF drawdown of -12.02%. Use the drawdown chart below to compare losses from any high point for TIPC and TDTF.
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Drawdown Indicators
| TIPC | TDTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -12.02% | +9.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.58% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.02% | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.95% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -2.90% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.55% | — |
Volatility
TIPC vs. TDTF - Volatility Comparison
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Volatility by Period
| TIPC | TDTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 3.15% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 5.68% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.07% | -0.39% |
TIPC vs. TDTF - Expense Ratio Comparison
TIPC has a 0.10% expense ratio, which is lower than TDTF's 0.18% expense ratio. Despite the difference, 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. TDTF - Dividend Comparison
TIPC's dividend yield for the trailing twelve months is around 4.94%, less than TDTF's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 5.35% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPC and TDTF have a correlation of 0.86, 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 0.18% for TDTF.
TDTF has the higher dividend yield at 5.35%, compared with 4.94% for TIPC.
Their fees differ too: 0.10% for TIPC and 0.18% for TDTF.
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