BORAX vs. IBRIX
BORAX (CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option) and IBRIX (VY BlackRock Inflation Protected Bond Portfolio) are both Inflation-Protected Bonds funds. Over the past 5 years, BORAX returned 0.70%/yr vs 1.00%/yr for IBRIX. Their correlation of 0.87 suggests significant overlap in exposure. BORAX charges 1.48%/yr vs 0.58%/yr for IBRIX.
Performance
BORAX vs. IBRIX - Performance Comparison
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Returns By Period
In the year-to-date period, BORAX achieves a 1.00% return, which is significantly lower than IBRIX's 1.99% return.
BORAX
- 1D
- 0.20%
- 1M
- 0.27%
- YTD
- 1.00%
- 6M
- 1.07%
- 1Y
- 3.56%
- 3Y*
- 3.22%
- 5Y*
- 0.70%
- 10Y*
- —
IBRIX
- 1D
- 0.43%
- 1M
- 0.22%
- YTD
- 1.99%
- 6M
- 2.12%
- 1Y
- 4.57%
- 3Y*
- 3.95%
- 5Y*
- 1.00%
- 10Y*
- 2.55%
BORAX vs. IBRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BORAX CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option | 1.00% | 6.40% | 1.30% | 3.58% | -11.83% | 3.96% |
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 1.99% | 6.11% | 2.09% | 4.30% | -12.63% | 4.48% |
Correlation
The correlation between BORAX and IBRIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.87 |
The correlation between BORAX and IBRIX has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
BORAX vs. IBRIX — Risk / Return Rank
BORAX
IBRIX
BORAX vs. IBRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) and VY BlackRock Inflation Protected Bond Portfolio (IBRIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BORAX | IBRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.05 | +0.65 |
| Martin ratioReturn relative to average drawdown | 5.32 | 5.81 | -0.49 |
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Drawdowns
BORAX vs. IBRIX - Drawdown Comparison
The maximum BORAX drawdown since its inception was -14.39%, smaller than the maximum IBRIX drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for BORAX and IBRIX.
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Drawdown Indicators
| BORAX | IBRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -15.82% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -4.81% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -5.68% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -15.82% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.82% | — |
Current DrawdownCurrent decline from peak | -1.11% | -0.54% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -4.11% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.83% | -0.12% |
Volatility
BORAX vs. IBRIX - Volatility Comparison
CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option (BORAX) and VY BlackRock Inflation Protected Bond Portfolio (IBRIX) have volatilities of 1.25% and 1.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BORAX | IBRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.25% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 7.34% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 8.13% | -4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 7.07% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.19% | 5.93% | +0.26% |
BORAX vs. IBRIX - Expense Ratio Comparison
BORAX has a 1.48% expense ratio, which is higher than IBRIX's 0.58% expense ratio.
Dividends
BORAX vs. IBRIX - Dividend Comparison
BORAX has not paid dividends to shareholders, while IBRIX's dividend yield for the trailing twelve months is around 3.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BORAX CollegeAdvantage 529 Savings Plan - BlackRock Inflation Protected Bond Option | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 3.84% | 3.31% | 3.87% | 3.55% | 4.96% | 2.68% | 1.70% | 2.38% | 2.51% | 1.52% | 0.00% | 1.41% |
Frequently Asked Questions
BORAX and IBRIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBRIX has higher volatility (1.25%) compared to BORAX (1.25%). In terms of maximum drawdown, BORAX dropped -14.39% vs IBRIX's -15.82%.
BORAX currently has the higher Sharpe Ratio (1.14 vs 0.62), 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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