SPY vs TIPC
State Street SPDR S&P 500 ETF Trust vs Northern Trust 2045 Inflation-Linked Distributing Ladder ETF
Which is better, SPY or TIPC?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TIPC |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.10% |
| AUM | $804.7B | $6M |
| Dividend Yield | 0.98% | 6.39% |
| Holdings | 505 | 18 |
| YTD Return | +10.96%Best | -1.53% |
| 1Y Return | +15.52%Best | -2.62% |
| 3Y Return (annualized) | +20.73% | - |
| 5Y Return (annualized) | +12.53% | - |
| Volatility (annualized) | 13.1% | 3.9%Best |
| Max Drawdown | -8.9% | -3.7%Best |
| $10,000 over 1.1 years | $11,963Best | $10,020 |
| Fund Family | State Street Investment Management | Northern Trust Asset Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | Jan 22, 1993 | Mar 1, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 19, 2025 to Sep 16, 2026 (1.1 years).
SPY vs TIPC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.1 years both funds cover.
SPY vs TIPC Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Northern Trust 2045 Inflation-Linked Distributing Ladder ETF (TIPC) is an ETF from Northern Trust Asset Management. Over the past year SPY returned +15.52% while TIPC returned -2.62%. Year to date, SPY is up 10.96% versus a loss of 1.53% for TIPC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 3.9% for TIPC. 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 -8.9% for SPY and -3.7% for TIPC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TIPC 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 0.98% against 6.39% for TIPC.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 14 in TIPC, totalling 99.9% and 79.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 14 in TIPC, against full books of 505 and 18.
You are not choosing between two funds in isolation.
Whichever of SPY and TIPC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TIPC?
SPY has an expense ratio of 0.09% while TIPC charges 0.10%. SPY is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SPY or TIPC?
Over the past year SPY returned +15.52% vs -2.62% for TIPC, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +17.70% vs +0.18% for TIPC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TIPC?
SPY has been the more volatile fund at 13.1% annualized versus 3.9% for TIPC. Worst drawdown: SPY -8.9% vs TIPC -3.7%.
Should I hold both SPY and TIPC?
SPY and TIPC have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TIPC?
SPY yields 0.98% while TIPC yields 6.39%, so TIPC currently pays the higher dividend yield.
Is TIPC better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.