EMSF vs. IBIC
EMSF (Matthews Emerging Markets Sustainable Future Active ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - EMSF is a Emerging Markets Diversified fund actively managed by Matthews, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. EMSF is actively managed, while IBIC is passively managed. Over the past year, EMSF returned 58.48% vs 4.42% for IBIC. At a correlation of -0.04, they often move in opposite directions. EMSF charges 0.79%/yr vs 0.10%/yr for IBIC.
Performance
EMSF vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, EMSF achieves a 45.49% return, which is significantly higher than IBIC's 2.43% return.
EMSF
- 1D
- -6.10%
- 1M
- 5.39%
- YTD
- 45.49%
- 6M
- 45.93%
- 1Y
- 58.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMSF vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 45.49% | 19.20% | -3.09% | 0.98% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.47% |
Correlation
The correlation between EMSF and IBIC is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | -0.04 |
The correlation between EMSF and IBIC shifts across timeframes, from -0.18 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMSF vs. IBIC — Risk / Return Rank
EMSF
IBIC
EMSF vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Sustainable Future Active ETF (EMSF) 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.
| EMSF | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -6.35 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 2.22 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 16.56 | -12.53 |
| Martin ratioReturn relative to average drawdown | 13.14 | 58.67 | -45.53 |
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Drawdowns
EMSF vs. IBIC - Drawdown Comparison
The maximum EMSF drawdown since its inception was -24.75%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for EMSF and IBIC.
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Drawdown Indicators
| EMSF | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -0.90% | -23.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -0.27% | -14.30% |
Current DrawdownCurrent decline from peak | -6.10% | -0.08% | -6.02% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -0.10% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 0.08% | +4.38% |
Volatility
EMSF vs. IBIC - Volatility Comparison
Matthews Emerging Markets Sustainable Future Active ETF (EMSF) has a higher volatility of 14.20% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that EMSF'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
| EMSF | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.20% | 0.17% | +14.03% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 0.67% | +23.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.21% | 0.89% | +27.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.87% | 1.56% | +22.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.87% | 1.56% | +22.31% |
EMSF vs. IBIC - Expense Ratio Comparison
EMSF has a 0.79% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
EMSF vs. IBIC - Dividend Comparison
EMSF's dividend yield for the trailing twelve months is around 1.29%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EMSF Matthews Emerging Markets Sustainable Future Active ETF | 1.29% | 1.88% | 3.29% | 0.02% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
EMSF and IBIC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMSF has higher volatility (14.20%) compared to IBIC (0.17%). In terms of maximum drawdown, EMSF dropped -24.75% vs IBIC's -0.90%.
On 1-year performance, EMSF leads with 58.48% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMSF has performed better with a 58.48% return vs 4.42%. 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 0.79% for EMSF.
IBIC has the higher dividend yield at 3.58%, compared with 1.29% for EMSF.
EMSF is categorized as Emerging Markets Diversified, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for EMSF and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 2.08), 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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