TIPS (NYSEArca: SCHP), and the SPDR Portfolio TIPS ETF (SPIP). As the Russia-Ukraine war further disrupts the global markets and further pushes up inflationary pressures, investors can turn to exchange traded fund strategies that could thrive in this type of environment. Federal Reserve Chairman Jerome Powell warned that Russia’s invasion of Ukraine will likely add to inflationary pressures due to the country's role as a major global commodities provider, the Wall Street Journal reports.