CGRO vs. IBIC
CGRO (CoreValues Alpha Greater China Growth ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - CGRO is a China Equities fund actively managed by CoreValues Alpha, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. CGRO is actively managed, while IBIC is passively managed. Over the past year, CGRO returned -12.15% vs 4.49% for IBIC. At a correlation of -0.05, they often move in opposite directions. CGRO charges 0.75%/yr vs 0.10%/yr for IBIC.
Performance
CGRO vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, CGRO achieves a -15.64% return, which is significantly lower than IBIC's 2.34% return.
CGRO
- 1D
- -0.69%
- 1M
- -6.61%
- YTD
- -15.64%
- 6M
- -16.66%
- 1Y
- -12.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- -0.03%
- 1M
- 0.28%
- YTD
- 2.34%
- 6M
- 2.50%
- 1Y
- 4.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGRO vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CGRO CoreValues Alpha Greater China Growth ETF | -15.64% | 20.23% | 14.75% | 2.03% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.34% | 4.96% | 5.25% | 2.39% |
Correlation
The correlation between CGRO and IBIC is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023 | -0.05 |
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Return for Risk
CGRO vs. IBIC — Risk / Return Rank
CGRO
IBIC
CGRO vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreValues Alpha Greater China Growth ETF (CGRO) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| CGRO | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.54 | ||
| Sortino ratioReturn per unit of downside risk | -9.67 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 2.22 | -1.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 17.09 | -17.52 |
| Martin ratioReturn relative to average drawdown | -0.83 | 66.52 | -67.34 |
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
| CGRO | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 4.99 | -5.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 3.48 | -3.25 |
Drawdowns
CGRO vs. IBIC - Drawdown Comparison
The maximum CGRO drawdown since its inception was -27.90%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for CGRO and IBIC.
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Drawdown Indicators
| CGRO | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -0.90% | -27.00% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -0.26% | -27.64% |
Current DrawdownCurrent decline from peak | -27.90% | -0.16% | -27.74% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -0.10% | -10.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.67% | 0.07% | +14.60% |
Volatility
CGRO vs. IBIC - Volatility Comparison
CoreValues Alpha Greater China Growth ETF (CGRO) has a higher volatility of 7.68% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.32%. This indicates that CGRO's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGRO | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 0.32% | +7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 0.67% | +14.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.47% | 0.90% | +21.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.97% | 1.58% | +27.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.97% | 1.58% | +27.39% |
CGRO vs. IBIC - Expense Ratio Comparison
CGRO has a 0.75% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
CGRO vs. IBIC - Dividend Comparison
CGRO's dividend yield for the trailing twelve months is around 3.32%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CGRO CoreValues Alpha Greater China Growth ETF | 3.32% | 2.48% | 2.47% | 0.21% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
CGRO and IBIC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGRO has higher volatility (7.68%) compared to IBIC (0.32%). In terms of maximum drawdown, CGRO dropped -27.90% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.49% vs -12.15% for CGRO. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.49% return vs -12.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.75% for CGRO.
IBIC has the higher dividend yield at 3.59%, compared with 3.32% for CGRO.
CGRO is categorized as China Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: CoreValues Alpha and iShares. Their fees differ too: 0.75% for CGRO and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.55), 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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