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TIPC vs VTIP

Northern Trust 2045 Inflation-Linked Distributing Ladder ETF

TIPCBNYSE Arca

Vanguard Short-Term Inflation-Protected Securities ETF

VTIPANasdaq

Overlap

No data

Expense ratio

VTIP −0.07pt a year

TIPC0.10%VTIP0.03%

Avg volume · 30D

VTIP 3580.1×the volume

TIPC795VTIP2.85M

TIPC vs VTIP Performance

Nov 7, 2025 – Nov 9, 2026

−1.4%TIPC+2.0%VTIP

Nov 7, 2025 to Nov 9, 2026. TIPC −1.4%. VTIP +2.0%. Use the arrow keys to read each point.−4%0%Nov 2025May 2026Nov 2026
Expense ratio
TIPC 0.10%
VTIP 0.03%, better
Fund size
TIPC $6M
VTIP $20.9B
1Y total return
TIPC −1.4%
VTIP +2.0%, better
Yield (12M)
TIPC 5.99%, better
VTIP 4.82%
Holdings
TIPC 18
VTIP 27
Avg volume (30D)
TIPC 795 sh
VTIP 2.85M sh, better
NAV per share
TIPC $94.81
VTIP $48.76
52W range

ETF.net Grade

TIPC: Cost 68, Risk 24, Mission 93, Tradability 34, Holdings 71, Durability 31. VTIP: Cost 97, Risk 62, Mission 42, Tradability 83, Holdings 69, Durability 93.
Pillar letters and Scores for TIPC, VTIP, with each pillar’s weight
PillarTIPCVTIP
Cost30% weightB68A97Higher
Mission25% weightA93HigherC42
Risk15% weightF24B62Higher
Tradability15% weightD34A83Higher
Holdings10% weightA71HigherB69
Durability5% weightD31A93Higher

Rank among TIPS funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TIPC and VTIP are both graded against the same 40 TIPS funds, so their Grades compare head to head.

TIPS⁠

Category · 40 funds
See all 40 ›

VTIP ranks 4th and TIPC 17th of 40 funds in the TIPS Category.

  1. Rank 1ASCHPSchwab US TIPS ETFScore 85
  2. Rank 2ASTIPiShares 0-5 Year TIPS Bond ETFScore 79
  3. Rank 3AVTPVanguard Total Inflation-Protected Securities ETFScore 77
  4. Rank 4AVTIPVanguard Short-Term Inflation-Protected Securities ETFScore 73
  5. Rank 5APBTPInvesco 0-5 Yr US TIPS ETFScore 70
  6. Rank 15BIBIKiShares iBonds Oct 2034 Term TIPS ETFScore 61
  7. Rank 17BTIPCNorthern Trust 2045 Inflation-Linked Distributing Ladder ETFScore 60
  8. Rank 18BIBIEiShares iBonds Oct 2028 Term TIPS ETFScore 59

Our read on each fund

ETF.net Research

TIPCBNorthern Trust 2045 Inflation-Linked Distributing Ladder ETF

VTIPAVanguard Short-Term Inflation-Protected Securities ETF

In short

TIPC A 20-year TIPS ladder in one ticker. TIPC holds inflation-protected Treasuries maturing in yearly rungs through 2045, sending back income and principal along the way, then liquidating in the terminal year.

VTIP Inflation protection without the long-bond whiplash. VTIP holds only Treasury TIPS maturing inside five years, so CPI does most of the driving and rate swings do less of it, for three basis points a year.

Stated mandate

TIPC The Fund is actively managed and uses a laddered bond strategy investing in U.S. Treasury Inflation-Protected Securities with maturities through 2045. It seeks periodic inflation-linked distributions comprising income and/or principal through that year.

VTIP Tracks a benchmark measuring the investment return of U.S. Treasury inflation-protected public obligations with remaining maturities under five years.

Why people hold it

  • TIPC The ladder is built and maintained for you: roughly 20 rungs of TIPS with maturities clustered in each year from 2026 through 2045, held in about equal par-value proportions.flexshares.com
  • Inflation is built into the plumbing. TIPS principal and interest move with the inflation rate, so the annual payouts are designed to track prices rather than sit fixed in nominal dollars.flexshares.com
  • 0.10% a year for an actively managed ladder, matching the median fee among target-maturity bond ETFs.
  • An odd one out in a cohort built around nominal corporate and Treasury target-maturity funds (IBTJ, BSCT, IBDU): here the cash flows are linked to inflation, not locked to a coupon.
  • VTIP Three basis points a year, against a 0.12% median for Treasury bond ETFs in its group. Vanguard's at-cost setup shows up right in the fee line.vanguard.com
  • TIPS principal ratchets with CPI, and the under-five-year maturity cap keeps duration short, so rate moves land lighter here than in full-curve TIPS funds like SCHP.vanguard.com
  • Open since 2012 and now a multi-billion-dollar, actively traded fund that owns Treasury paper directly. Plain index rules, no swaps, no credit detours.

Worth knowing

  • TIPC Payouts can include return of capital, which shrinks your stake as it pays down, and the split between income and principal is not predictable when you buy.northerntrust.comsec.gov
  • It has an end date. The fund is designed to liquidate in the terminal year, so shareholders get no distributions beyond it.northerntrust.com
  • Launched in 2025, still small and lightly traded. Spreads can matter more than the fee, and a fund that never reaches viable size may wind up before the terminal year.flexshares.com
  • VTIP Short maturities cut both ways: less sensitivity to rates, and less exposure to shifts in long-run inflation expectations than a full-maturity TIPS fund such as SCHP.
  • Income rides on CPI accruals, so the quarterly payout moves around rather than arriving as a steady coupon.
  • This is one narrow slice of one market, short US Treasury TIPS, not a diversified bond portfolio.

Full TIPC profile⁠

Full VTIP profile⁠

TIPC vs VTIP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TIPC vs VTIP Cost

Overpaying TIPC vs VTIP

$1,468

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TIPC 0.10%

    $2,106

  • VTIP 0.03%

    $638

$10,000
30 years

Cost over time

  • TIPC 0.10%
  • VTIP 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530TIPC $2,106VTIP $638

Year by year

YearTIPCVTIPOverpaying
10$183$55$128
20$717$216$501
30$2,106$638$1,468

Expense ratio

  • 0.10%TIPC
  • 0.03%VTIP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTIP cheapest of 40 funds

TIPC 7th cheapest of 40 funds

TIPC vs VTIP Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
TIPC 5.99%, better
VTIP 4.82%
Payout (12M)
TIPC $5.67
VTIP $2.35
Last payment
TIPC $0.50
VTIP $0.93
Ex-dividend
TIPC Nov 2, 2026
VTIP Oct 1, 2026
Paid on
TIPC Nov 6, 2026
VTIP Oct 5, 2026
Frequency
TIPC Monthly
VTIP Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

TIPCMonthly · 12 paymentsAll TIPC payments⁠
One bar per payment. 12 payments from 2023 to 2026 YTD. Sep 2, 2025 $0.21; Oct 1, 2025 $0.31; Nov 3, 2025 $0.46; Dec 1, 2025 $0.28; Dec 19, 2025 $0.47; Apr 1, 2026 $0.35; May 1, 2026 $0.65; Jun 1, 2026 $1.27; Jul 1, 2026 $1.37; Aug 3, 2026 $0.77; Oct 1, 2026 $0.03; Nov 2, 2026 $0.50. Use the arrow keys to read each point.$0$120232026YTD
VTIPQuarterly · 15 paymentsAll VTIP payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Apr 3, 2023 $0.03; Jul 3, 2023 $0.35; Oct 2, 2023 $0.34; Dec 22, 2023 $0.64; Apr 1, 2024 $0.03; Jul 1, 2024 $0.44; Oct 1, 2024 $0.31; Dec 24, 2024 $0.53; Apr 1, 2025 $0.10; Jul 1, 2025 $0.43; Oct 1, 2025 $0.65; Dec 18, 2025 $0.71; Apr 1, 2026 $0.02; Jul 1, 2026 $0.68; Oct 1, 2026 $0.93. Use the arrow keys to read each point.$0$120232026YTD

TIPC vs VTIP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TIPC 5.7%since Sep 2025VTIP 1.9%
Return per unit of riskSharpe ratio, 3 years
TIPC −0.63since Sep 2025VTIP 0.29
Worst fallMax drawdown, 5 years
TIPC −5.8%since Aug 2025VTIP −5.5%
Market sensitivityBeta, 5 years
TIPC 0.16VTIP 0.21

TIPC and VTIP in the news

All news⁠

Popular comparisons

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