TIPC vs. VTP

Last updated Jul 4, 2026

TIPC (Northern Trust 2045 Inflation-Linked Distributing Ladder ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. TIPC is actively managed, while VTP is passively managed. Their correlation of 0.95 suggests significant overlap in exposure. TIPC charges 0.10%/yr vs 0.05%/yr for VTP.

Performance

TIPC vs. VTP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2045 Inflation-Linked Distributing Ladder ETF (TIPC) and Vanguard Total Inflation-Protected Securities ETF (VTP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPC achieves a 0.93% return, which is significantly lower than VTP's 1.43% return.

TIPC

• 1D: 0.03%
• 1M: -0.45%
• 6M: 1.01%
• YTD: 0.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTP

• 1D: 0.32%
• 1M: -0.12%
• 6M: 1.47%
• YTD: 1.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIPC vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF	0.93%	1.30%
VTP Vanguard Total Inflation-Protected Securities ETF	1.43%	1.61%

Correlation

The correlation between TIPC and VTP is 0.95, 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	0.95

Return for Risk

TIPC vs. VTP - 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 Vanguard Total Inflation-Protected Securities ETF (VTP). 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.

Drawdowns

TIPC vs. VTP - Drawdown Comparison

The maximum TIPC drawdown since its inception was -2.95%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for TIPC and VTP.

Drawdown Indicators

	TIPC	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-1.92%	-1.03%
Current Drawdown Current decline from peak	-1.26%	-0.42%	-0.84%
Average Drawdown Average peak-to-trough decline	-0.99%	-0.52%	-0.47%

Volatility

Volatility by Period

	TIPC	VTP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.68%	3.37%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	3.37%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	3.37%	+1.31%

TIPC vs. VTP - Expense Ratio Comparison

TIPC has a 0.10% expense ratio, which is higher than VTP's 0.05% 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. VTP - Dividend Comparison

TIPC's dividend yield for the trailing twelve months is around 4.94%, more than VTP's 2.97% yield.

Position	TTM	2025
TIPC Northern Trust 2045 Inflation-Linked Distributing Ladder ETF	4.94%	1.20%
VTP Vanguard Total Inflation-Protected Securities ETF	2.97%	1.56%

Frequently Asked Questions

Can I hold both TIPC and VTP in my portfolio?

With a correlation of 0.95, TIPC and VTP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TIPC or VTP?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPC or VTP?

VTP is cheaper with a 0.05% expense ratio, compared with 0.10% for TIPC.

Which ETF pays a higher dividend yield, TIPC or VTP?

TIPC has the higher dividend yield at 4.94%, compared with 2.97% for VTP.

What is the main difference between TIPC and VTP?

They also come from different issuers: Northern Trust and Vanguard. Their fees differ too: 0.10% for TIPC and 0.05% for VTP.