CSD vs. IBIC
CSD (Invesco S&P Spin-Off ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - CSD is a Mid Cap Blend Equities fund tracking the S&P U.S. Spin-Off Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, CSD returned 82.98% vs 4.38% for IBIC. At a correlation of -0.03, they often move in opposite directions. CSD charges 0.65%/yr vs 0.10%/yr for IBIC.
Performance
CSD vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, CSD achieves a 47.93% return, which is significantly higher than IBIC's 2.39% return.
CSD
- 1D
- 0.87%
- 1M
- 8.78%
- YTD
- 47.93%
- 6M
- 45.35%
- 1Y
- 82.98%
- 3Y*
- 39.20%
- 5Y*
- 18.83%
- 10Y*
- 15.26%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSD vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 47.93% | 21.58% | 27.61% | 14.15% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between CSD and IBIC is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.03 |
The correlation between CSD and IBIC shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSD vs. IBIC — Risk / Return Rank
CSD
IBIC
CSD vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) 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.
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.
| CSD | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -4.76 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 2.21 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | 7.36 | 16.41 | -9.06 |
| Martin ratioReturn relative to average drawdown | 28.78 | 58.11 | -29.33 |
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Drawdowns
CSD vs. IBIC - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for CSD and IBIC.
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Drawdown Indicators
| CSD | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.47% | -0.90% | -69.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -0.27% | -11.07% |
Max Drawdown (3Y)Largest decline over 3 years | -30.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.55% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -0.10% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 0.08% | +2.81% |
Volatility
CSD vs. IBIC - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 7.09% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that CSD'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
| CSD | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 0.16% | +6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 0.67% | +17.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 0.89% | +23.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 1.57% | +21.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.92% | 1.57% | +23.35% |
CSD vs. IBIC - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
CSD vs. IBIC - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.11%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 0.11% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSD and IBIC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSD has higher volatility (7.09%) compared to IBIC (0.16%). In terms of maximum drawdown, CSD dropped -70.47% vs IBIC's -0.90%.
On 1-year performance, CSD leads with 82.98% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSD has performed better with a 82.98% return vs 4.38%. 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 0.65% for CSD.
IBIC has the higher dividend yield at 3.59%, compared with 0.11% for CSD.
CSD is categorized as Mid Cap Blend Equities, while IBIC is Inflation-Protected Bonds. CSD tracks S&P U.S. Spin-Off Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.65% for CSD and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs 3.39), 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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