DEF vs. IBID
DEF (Invesco Defensive Equity ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - DEF is a Large Cap Growth Equities fund tracking the Invesco Defensive Equity Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. At a correlation of -0.64, they often move in opposite directions. DEF charges 0.53%/yr vs 0.10%/yr for IBID.
Performance
DEF vs. IBID - Performance Comparison
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Returns By Period
DEF
- 1D
- -3.03%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBID
- 1D
- -0.00%
- 1M
- -0.25%
- YTD
- 1.94%
- 6M
- 1.99%
- 1Y
- 4.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEF vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DEF Invesco Defensive Equity ETF | -11.11% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | -0.53% |
Correlation
The correlation between DEF and IBID is -0.64, 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 (All Time) Calculated using the full available price history since Jun 8, 2026 | -0.64 |
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Return for Risk
DEF vs. IBID — Risk / Return Rank
DEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBID
DEF vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| DEF | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.74 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.30 | — |
| Martin ratioReturn relative to average drawdown | — | 28.77 | — |
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Drawdowns
DEF vs. IBID - Drawdown Comparison
The maximum DEF drawdown since its inception was -11.11%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for DEF and IBID.
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Drawdown Indicators
| DEF | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -1.28% | -9.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.55% | — |
Current DrawdownCurrent decline from peak | -11.11% | -0.55% | -10.56% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -0.22% | -9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.14% | — |
Volatility
DEF vs. IBID - Volatility Comparison
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Volatility by Period
| DEF | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.96% | 1.23% | +65.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.96% | 2.24% | +64.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.96% | 2.24% | +64.72% |
DEF vs. IBID - Expense Ratio Comparison
DEF has a 0.53% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
DEF vs. IBID - Dividend Comparison
DEF has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DEF Invesco Defensive Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% |
Frequently Asked Questions
DEF and IBID have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBID is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBID is cheaper with a 0.10% expense ratio, compared with 0.53% for DEF.
IBID has the higher dividend yield at 3.68%, compared with 0.00% for DEF.
DEF is categorized as Large Cap Growth Equities, while IBID is Inflation-Protected Bonds. DEF tracks Invesco Defensive Equity Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.53% for DEF and 0.10% for IBID.
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