SPY vs TIPB
SPY vs TIPB
State Street SPDR S&P 500 ETF Trust vs Northern Trust 2035 Inflation-Linked Distributing Ladder ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TIPB | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.10% | |
| AUM | $789.1B | $8M | |
| Dividend Yield | 1.01% | 3.48% | |
| Holdings | 505 | 11 | |
| YTD Return | +13.79% | +3.19% | |
| 1Y Return | +23.66% | +4.45% | |
| 3Y Return (annualized) | +21.40% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.3% | 2.1% | |
| Max Drawdown | -56.5% | -1.3% | |
| Fund Family | State Street Investment Management | Northern Trust Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Mar 1, 2025 |
SPY vs TIPB Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) is a ETF from Northern Trust Asset Management. Over the past year SPY returned +23.66% while TIPB returned +4.45%. Year to date, SPY is up 13.79% versus a gain of 3.19% for TIPB.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.1% for TIPB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -1.3% for TIPB. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TIPB charges 0.10%. On a $10,000 position that is $9 vs $10 annually, a gap of $1 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 3.48% for TIPB.
Holdings Overlap
SPY and TIPB share 0 holdings out of 511 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TIPB?
SPY has an expense ratio of 0.09% while TIPB charges 0.10%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SPY or TIPB?
Over the past year SPY returned +23.66% vs +4.45% for TIPB, so SPY leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, SPY or TIPB?
SPY has been the more volatile fund at 15.3% annualized versus 2.1% for TIPB. Worst drawdown: SPY -56.5% vs TIPB -1.3%.
Should I hold both SPY and TIPB?
SPY and TIPB have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TIPB?
SPY and TIPB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, SPY or TIPB?
SPY yields 1.01% while TIPB yields 3.48%, so TIPB currently pays the higher dividend yield.
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