TIPD vs. IBIE

Last updated Jul 18, 2026

TIPD (Northern Trust 2055 Inflation-Linked Distributing Ladder ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both Inflation-Protected Bonds funds. TIPD is actively managed, while IBIE is passively managed. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.

Performance

TIPD vs. IBIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2055 Inflation-Linked Distributing Ladder ETF (TIPD) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPD achieves a 0.34% return, which is significantly lower than IBIE's 1.90% return.

TIPD

• 1D: 0.49%
• 1M: -0.51%
• 6M: -0.03%
• YTD: 0.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIE

• 1D: 0.10%
• 1M: 0.45%
• 6M: 1.87%
• YTD: 1.90%
• 1Y: 3.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TIPD vs. IBIE - Yearly Performance Comparison

	2026 (YTD)	2025
TIPD Northern Trust 2055 Inflation-Linked Distributing Ladder ETF	0.34%	1.97%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	1.90%	0.97%

Correlation

The correlation between TIPD and IBIE is 0.48, 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	0.48

Return for Risk

TIPD vs. IBIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIPD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBIE

IBIE Risk / Return Rank: 90
IBIE Sharpe Ratio Rank: 86
IBIE Sortino Ratio Rank: 93
IBIE Omega Ratio Rank: 91
IBIE Calmar Ratio Rank: 93
IBIE Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIPD vs. IBIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2055 Inflation-Linked Distributing Ladder ETF (TIPD) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). 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.

	TIPD	IBIE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.17	—
Sortino ratio: Return per unit of downside risk	—	3.61	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	4.76	—
Martin ratio: Return relative to average drawdown	—	14.76	—

Drawdowns

TIPD vs. IBIE - Drawdown Comparison

The maximum TIPD drawdown since its inception was -4.01%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for TIPD and IBIE.

Drawdown Indicators

	TIPD	IBIE	Difference
Max Drawdown Largest peak-to-trough decline	-4.01%	-1.70%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.72%	—
Current Drawdown Current decline from peak	-2.40%	-0.20%	-2.20%
Average Drawdown Average peak-to-trough decline	-1.61%	-0.39%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.23%	—

Volatility

Volatility by Period

	TIPD	IBIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.11%	1.58%	+4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.11%	2.82%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.11%	2.82%	+3.29%

TIPD vs. IBIE - Expense Ratio Comparison

Both TIPD and IBIE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

TIPD vs. IBIE - Dividend Comparison

TIPD's dividend yield for the trailing twelve months is around 6.86%, more than IBIE's 4.96% yield.

Position	TTM	2025	2024	2023
IBIE iShares iBonds Oct 2028 Term TIPS ETF	4.96%	4.09%	4.23%	0.75%
TIPD Northern Trust 2055 Inflation-Linked Distributing Ladder ETF	6.86%	1.87%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPD and IBIE in my portfolio?

TIPD and IBIE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIPD or IBIE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPD or IBIE?

TIPD and IBIE have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, TIPD or IBIE?

TIPD has the higher dividend yield at 6.86%, compared with 4.96% for IBIE.

What is the main difference between TIPD and IBIE?

They also come from different issuers: Northern Trust and iShares.