USFI vs. TIPB

Last updated Jul 30, 2026

USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) and TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) are both exchange-traded funds - USFI is a Actively Managed fund actively managed by BrandywineGLOBAL, while TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust. Both are actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. USFI charges 0.39%/yr vs 0.10%/yr for TIPB.

Performance

USFI vs. TIPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USFI achieves a 0.45% return, which is significantly lower than TIPB's 1.43% return.

USFI

• 1D: -0.33%
• 1M: -1.09%
• 6M: 0.39%
• YTD: 0.45%
• 1Y: 3.87%
• 3Y*: 3.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.79%

TIPB

• 1D: 0.20%
• 1M: -0.33%
• 6M: 1.00%
• YTD: 1.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	$2.11K	$9.44K	$36.67K
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	$228.87	$276.61	$7.08K

USFI vs. TIPB - Yearly Performance Comparison

	2026 (YTD)	2025
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	0.45%	3.04%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.43%	0.79%

Correlation

The correlation between USFI and TIPB is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.70

Return for Risk

USFI vs. TIPB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USFI

USFI Risk / Return Rank: 65
USFI Sharpe Ratio Rank: 53
USFI Sortino Ratio Rank: 60
USFI Omega Ratio Rank: 53
USFI Calmar Ratio Rank: 88
USFI Martin Ratio Rank: 72

TIPB

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USFI vs. TIPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB). 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.

	USFI	TIPB	Difference
Sharpe ratio: Return per unit of total volatility	1.21	—	—
Sortino ratio: Return per unit of downside risk	1.95	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	3.52	—	—
Martin ratio: Return relative to average drawdown	8.32	—	—

Drawdowns

USFI vs. TIPB - Drawdown Comparison

The maximum USFI drawdown since its inception was -8.47%, which is greater than TIPB's maximum drawdown of -1.32%. Use the drawdown chart below to compare losses from any high point for USFI and TIPB.

Drawdown Indicators

	USFI	TIPB	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	-1.32%	-7.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.47%	—	—
Current Drawdown Current decline from peak	-1.11%	-0.74%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.06%	-0.42%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	—	—

Volatility

Volatility by Period

	USFI	TIPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.22%	2.60%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	2.60%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	2.60%	+4.25%

USFI vs. TIPB - Expense Ratio Comparison

USFI has a 0.39% expense ratio, which is higher than TIPB's 0.10% expense ratio.

Dividends

USFI vs. TIPB - Dividend Comparison

USFI's dividend yield for the trailing twelve months is around 4.46%, more than TIPB's 4.15% yield.

Position	TTM	2025	2024	2023
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	4.15%	1.09%	0.00%	0.00%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.46%	4.42%	4.60%	1.83%

Frequently Asked Questions

Can I hold both USFI and TIPB in my portfolio?

USFI and TIPB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USFI or TIPB?

On fees, TIPB is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USFI or TIPB?

TIPB is cheaper with a 0.10% expense ratio, compared with 0.39% for USFI.

Which ETF pays a higher dividend yield, USFI or TIPB?

USFI has the higher dividend yield at 4.46%, compared with 4.15% for TIPB.

What is the main difference between USFI and TIPB?

USFI is categorized as Actively Managed, while TIPB is Inflation-Protected Bonds. They also come from different issuers: BrandywineGLOBAL and Northern Trust. Their fees differ too: 0.39% for USFI and 0.10% for TIPB.