TDTT — Northern Trust iBoxx 3-Year Target Duration TIPS ETF

TDTT Price Performance — Growth of $10,000

Value of a $10,000 investment in TDTT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

TDTT Drawdown

The "underwater" chart: TDTT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Northern Trust iBoxx 3-Year Target Duration TIPS ETF is a US Bonds - TIPS fund managed by Northern Trust with $2.53 billion in assets under management. It holds a C grade and ranks 5 of 6 within its category, placing it 377th out of 458 tracked ETFs overall. The fund charges an expense ratio of 0.18%, which is higher than the category median of 0.105%. Its dividend yield of 5.61% exceeds the category median of 5.21%, while the top 10 holdings comprise 64.9% of assets, led by a 10.8% position in the United States of America.

Over the past year, the ETF returned 1.62%, outperforming the category median of 1.26%. Short-term momentum has been modest, with a 1-month return of 0.17% and a year-to-date gain of 1.55%. The price of $23.55 sits at the lower end of its 52-week range, representing 5.2% of the distance between the $23.50 low and $24.46 high. The fund's rating has remained unchanged at grade C across the last 35 tracked days. Historical data is available for 3.0 years, providing a limited but consistent record for analysis.

The ETF exhibits a beta of 0.32, indicating it moves less than the broader market. Annualized volatility is labeled Very Low at 1.81%, and the maximum drawdown has been limited to -1.52%. Despite these low volatility metrics, the Sharpe ratio is negative at -1.87, suggesting poor risk-adjusted returns relative to the risk-free rate. Liquidity is constrained by a bid/ask spread of 20.56% and an average daily volume of 215,790 shares. These factors combined paint a picture of a fund with low price fluctuation but inefficient trading conditions and weak performance efficiency.

AI-generated summary based on the data on this page.

TDTT Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 64.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how TDTT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With TDTT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with TDTT's top 10 — SGOV overlaps most, holding 1 of the same companies as TDTT's top 10 (64.9% of TDTT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.35% (as of 2026-09-04) — The market’s implied 10-year inflation expectation, derived from Treasury and TIPS yields — directly relevant to this fund’s inflation-protection design.

TDTT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 20.56% and average daily volume is 216K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.53B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: TDTT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

TDTT Performance History

How TDTT Compares to Other US Bonds - TIPS ETFs