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TIPC vs VTP

Northern Trust 2045 Inflation-Linked Distributing Ladder ETF

TIPCBNYSE Arca

Vanguard Total Inflation-Protected Securities ETF

VTPANYSE Arca

Overlap

No data

Expense ratio

VTP −0.05pt a year

TIPC0.10%VTP0.05%

Avg volume · 30D

VTP 82.2×the volume

TIPC795VTP65.3K

TIPC vs VTP Performance

Nov 7, 2025 – Nov 9, 2026

−1.4%TIPC−0.3%VTP

Nov 7, 2025 to Nov 9, 2026. TIPC −1.4%. VTP −0.3%. Use the arrow keys to read each point.−4%−3%1%Nov 2025May 2026Nov 2026
Expense ratio
TIPC 0.10%
VTP 0.05%, better
Fund size
TIPC $6M
VTP $251M
1Y total return
TIPC −1.4%
VTP −0.3%, better
Yield (12M)
TIPC 5.99%, better
VTP 3.76%
Holdings
TIPC 18
VTP 51
Avg volume (30D)
TIPC 795 sh
VTP 65.3K sh, better
NAV per share
TIPC $94.81
VTP $73.77
52W range

ETF.net Grade

TIPC: Cost 68, Risk 24, Mission 93, Tradability 34, Holdings 71, Durability 31. VTP: Cost 92, Risk 43, Mission 100, Tradability 51, Holdings 81, Durability 64.
Pillar letters and Scores for TIPC, VTP, with each pillar’s weight
PillarTIPCVTP
Cost30% weightB68A92Higher
Mission25% weightA93A100Higher
Risk15% weightF24C43Higher
Tradability15% weightD34C51Higher
Holdings10% weightA71A81Higher
Durability5% weightD31B64Higher

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 VTP are both graded against the same 40 TIPS funds, so their Grades compare head to head.

TIPS⁠

Category · 40 funds
See all 40 ›

VTP ranks 3rd 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 15BIBIKiShares iBonds Oct 2034 Term TIPS ETFScore 61
  6. Rank 17BTIPCNorthern Trust 2045 Inflation-Linked Distributing Ladder ETFScore 60
  7. 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

VTPAVanguard Total 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.

VTP Vanguard's ETF answer for the whole TIPS curve. It tracks a market-value-weighted index of Treasury inflation-linked bonds with at least a year left to run, charges five basis points, and opened for business in 2025.

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.

VTP The Fund passively tracks the full market of U.S. Treasury inflation-protected public obligations through the ICE U.S. Treasury Inflation Linked Bond Index.

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.
  • VTP Five basis points: under half the typical fund in its Treasury peer group, and well below the 0.12% charged by broad TIPS rival SPIP.
  • Full-curve coverage. The index is market value weighted and takes inflation-protected Treasuries with at least one year to maturity, no upper limit, so no single maturity slice bet.ice.com
  • Vanguard's other inflation-linked ETF stops below five years to maturity. This one is the long-end-included sibling, in the same low-cost index wrapper.vanguard.com
  • The inflation link sits inside the bonds, not in a strategy overlay: principal and coupons are indexed to consumer prices, and the fund passes income through quarterly.vanguard.com

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
  • VTP Owning the long end cuts both ways. Real-rate moves hit a full-maturity TIPS portfolio harder than a sub-five-year one, so expect more price movement.ice.comvanguard.com
  • A 2025 launch means a short track record and thinner trading than the long-established TIPS funds, which can show up as wider bid-ask spreads.
  • Payouts move with inflation adjustments rather than a fixed rate, and Vanguard discloses that a distribution can include return of capital.vanguard.com

Full TIPC profile⁠

Full VTP profile⁠

TIPC vs VTP 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 VTP Cost

Overpaying TIPC vs VTP

$1,046

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

  • TIPC 0.10%

    $2,106

  • VTP 0.05%

    $1,060

$10,000
30 years

Cost over time

  • TIPC 0.10%
  • VTP 0.05%
  • 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 $2,106VTP $1,060

Year by year

YearTIPCVTPOverpaying
10$183$92$91
20$717$360$357
30$2,106$1,060$1,046

Expense ratio

  • 0.10%TIPC
  • 0.05%VTP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTP 4th cheapest of 40 funds

TIPC 7th cheapest of 40 funds

TIPC vs VTP Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
TIPC 5.99%, better
VTP 3.76%
Payout (12M)
TIPC $5.67
VTP $2.77
Last payment
TIPC $0.50
VTP $0.99
Ex-dividend
TIPC Nov 2, 2026
VTP Oct 1, 2026
Paid on
TIPC Nov 6, 2026
VTP Oct 5, 2026
Frequency
TIPC Monthly
VTP Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

TIPCMonthly · 12 paymentsAll TIPC payments⁠
One bar per payment. 12 payments from 2025 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$12026YTD
VTPQuarterly · 5 paymentsAll VTP payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Oct 1, 2025 $0.47; Dec 18, 2025 $0.71; Apr 1, 2026 $0.06; Jul 1, 2026 $1.01; Oct 1, 2026 $0.99. Use the arrow keys to read each point.$0$12026YTD

TIPC vs VTP 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 2025VTP 4.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
TIPC −0.63since Sep 2025VTP −0.42since Aug 2025
Worst fallMax drawdown, 5 years
TIPC −5.8%since Aug 2025VTP −4.0%since Jul 2025
Market sensitivityBeta, 5 years
TIPC 0.16VTP 0.14

Popular comparisons

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