FBL vs. IBIC
FBL (GraniteShares 2x Long META Daily ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - FBL is a Leveraged Equities fund actively managed by GraniteShares, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. FBL is actively managed, while IBIC is passively managed. Over the past year, FBL returned -48.06% vs 4.42% for IBIC. At a correlation of -0.06, they often move in opposite directions. FBL charges 1.15%/yr vs 0.10%/yr for IBIC.
Performance
FBL vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, FBL achieves a -35.56% return, which is significantly lower than IBIC's 2.43% return.
FBL
- 1D
- -0.57%
- 1M
- -17.03%
- YTD
- -35.56%
- 6M
- -36.69%
- 1Y
- -48.06%
- 3Y*
- 20.64%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBL vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | -35.56% | 0.50% | 112.72% | 16.86% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between FBL and IBIC is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.06 |
The correlation between FBL and IBIC shifts across timeframes, from -0.16 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBL vs. IBIC — Risk / Return Rank
FBL
IBIC
FBL vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) 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.
| FBL | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.65 | ||
| Sortino ratioReturn per unit of downside risk | -9.74 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 2.22 | -1.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 16.56 | -17.35 |
| Martin ratioReturn relative to average drawdown | -1.37 | 58.67 | -60.04 |
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Drawdowns
FBL vs. IBIC - Drawdown Comparison
The maximum FBL drawdown since its inception was -61.15%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for FBL and IBIC.
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Drawdown Indicators
| FBL | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -0.90% | -60.25% |
Max Drawdown (1Y)Largest decline over 1 year | -61.03% | -0.27% | -60.76% |
Max Drawdown (3Y)Largest decline over 3 years | -61.15% | — | — |
Current DrawdownCurrent decline from peak | -58.24% | -0.08% | -58.16% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -0.10% | -16.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.05% | 0.08% | +34.97% |
Volatility
FBL vs. IBIC - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 26.20% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that FBL'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
| FBL | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.20% | 0.17% | +26.03% |
Volatility (6M)Calculated over the trailing 6-month period | 55.87% | 0.67% | +55.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.38% | 0.89% | +71.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.35% | 1.56% | +69.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.35% | 1.56% | +69.79% |
FBL vs. IBIC - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
FBL vs. IBIC - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 3.22%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 3.22% | 2.07% | 0.00% | 51.58% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
FBL and IBIC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBL has higher volatility (26.20%) compared to IBIC (0.17%). In terms of maximum drawdown, FBL dropped -61.15% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -48.06% for FBL. 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, IBIC has performed better with a 4.42% return vs -48.06%. 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 1.15% for FBL.
IBIC has the higher dividend yield at 3.58%, compared with 3.22% for FBL.
FBL is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for FBL and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.67), 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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