BINC vs. IEF
BINC (iShares Flexible Income Active ETF) and IEF (iShares 7-10 Year Treasury Bond ETF) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. BINC is actively managed, while IEF is passively managed. Over the past 3 years, BINC returned 6.84%/yr vs 2.43%/yr for IEF. A 0.75 correlation means they provide meaningful diversification when combined. BINC charges 0.40%/yr vs 0.15%/yr for IEF.
Performance
BINC vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, BINC achieves a 0.61% return, which is significantly higher than IEF's -1.16% return.
BINC
- 1D
- -0.12%
- 1M
- -0.31%
- YTD
- 0.61%
- 6M
- 1.20%
- 1Y
- 5.51%
- 3Y*
- 6.84%
- 5Y*
- —
- 10Y*
- —
IEF
- 1D
- -0.11%
- 1M
- -1.19%
- YTD
- -1.16%
- 6M
- -0.96%
- 1Y
- 3.91%
- 3Y*
- 2.43%
- 5Y*
- -1.34%
- 10Y*
- 0.53%
BINC vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 0.61% | 7.57% | 5.76% | 7.12% |
IEF iShares 7-10 Year Treasury Bond ETF | -1.16% | 8.03% | -0.63% | 1.00% |
Correlation
The correlation between BINC and IEF is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.75 |
The correlation between BINC and IEF has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
BINC vs. IEF — Risk / Return Rank
BINC
IEF
BINC vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and iShares 7-10 Year Treasury Bond ETF (IEF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BINC | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.14 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.96 | +1.10 |
| Martin ratioReturn relative to average drawdown | 8.08 | 2.79 | +5.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BINC | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 0.84 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.32 | 0.50 | +1.83 |
Drawdowns
BINC vs. IEF - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for BINC and IEF.
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Drawdown Indicators
| BINC | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -23.93% | +21.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -4.07% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -7.74% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.93% | — |
Current DrawdownCurrent decline from peak | -0.77% | -11.80% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -5.35% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.40% | -0.72% |
Volatility
BINC vs. IEF - Volatility Comparison
The current volatility for iShares Flexible Income Active ETF (BINC) is 0.70%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.51%. This indicates that BINC experiences smaller price fluctuations and is considered to be less risky than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BINC | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.51% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 3.36% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 4.69% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 7.71% | -4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.00% | 6.63% | -3.63% |
BINC vs. IEF - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is higher than IEF's 0.15% expense ratio.
Dividends
BINC vs. IEF - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.88%, more than IEF's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.88% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.92% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
BINC and IEF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEF has higher volatility (1.51%) compared to BINC (0.70%). In terms of maximum drawdown, BINC dropped -2.69% vs IEF's -23.93%.
On 3-year performance, BINC leads with 6.84% vs 2.43% for IEF. On fees, IEF is cheaper at 0.15% per year. On volatility, BINC has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BINC has performed better with a 6.84% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEF is cheaper with a 0.15% expense ratio, compared with 0.40% for BINC.
BINC has the higher dividend yield at 5.88%, compared with 3.92% for IEF.
BINC is categorized as Multisector Bonds, while IEF is Government Bonds. Their fees differ too: 0.40% for BINC and 0.15% for IEF.
BINC currently has the higher Sharpe Ratio (2.43 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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