FLMX vs. IBIC
FLMX (Franklin FTSE Mexico ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - FLMX is a Latin America Equities fund tracking the FTSE Mexico RIC Capped 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, FLMX returned 33.21% vs 4.42% for IBIC. At a 0.01 correlation, their price movements are largely independent. FLMX charges 0.19%/yr vs 0.10%/yr for IBIC.
Performance
FLMX vs. IBIC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLMX achieves a 9.45% return, which is significantly higher than IBIC's 2.43% return.
FLMX
- 1D
- -1.54%
- 1M
- -2.53%
- YTD
- 9.45%
- 6M
- 6.90%
- 1Y
- 33.21%
- 3Y*
- 10.20%
- 5Y*
- 12.58%
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLMX vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLMX Franklin FTSE Mexico ETF | 9.45% | 53.62% | -28.45% | 13.53% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between FLMX and IBIC is -0.27, 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 | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.01 |
The correlation between FLMX and IBIC shifts across timeframes, from -0.27 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLMX vs. IBIC — Risk / Return Rank
FLMX
IBIC
FLMX vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Mexico ETF (FLMX) 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.
| FLMX | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.44 | ||
| Sortino ratioReturn per unit of downside risk | -6.78 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 2.22 | -0.95 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 16.56 | -14.21 |
| Martin ratioReturn relative to average drawdown | 8.16 | 58.67 | -50.51 |
Loading charts...
Drawdowns
FLMX vs. IBIC - Drawdown Comparison
The maximum FLMX drawdown since its inception was -50.05%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for FLMX and IBIC.
Loading charts...
Drawdown Indicators
| FLMX | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -0.90% | -49.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.18% | -0.27% | -13.91% |
Max Drawdown (3Y)Largest decline over 3 years | -31.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.72% | — | — |
Current DrawdownCurrent decline from peak | -6.97% | -0.08% | -6.89% |
Average DrawdownAverage peak-to-trough decline | -12.00% | -0.10% | -11.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 0.08% | +4.00% |
Volatility
FLMX vs. IBIC - Volatility Comparison
Franklin FTSE Mexico ETF (FLMX) has a higher volatility of 6.82% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that FLMX'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.
Loading charts...
Volatility by Period
| FLMX | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 0.17% | +6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 18.06% | 0.67% | +17.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 0.89% | +20.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.08% | 1.56% | +20.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 1.56% | +23.11% |
FLMX vs. IBIC - Expense Ratio Comparison
FLMX has a 0.19% expense ratio, which is higher than IBIC's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLMX vs. IBIC - Dividend Comparison
FLMX's dividend yield for the trailing twelve months is around 1.89%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLMX Franklin FTSE Mexico ETF | 1.89% | 3.99% | 3.31% | 2.90% | 4.22% | 3.15% | 1.48% | 2.95% | 2.51% | 0.31% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLMX and IBIC have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLMX has higher volatility (6.82%) compared to IBIC (0.17%). In terms of maximum drawdown, FLMX dropped -50.05% vs IBIC's -0.90%.
On 1-year performance, FLMX leads with 33.21% 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, FLMX has performed better with a 33.21% 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 0.19% for FLMX.
IBIC has the higher dividend yield at 3.58%, compared with 1.89% for FLMX.
FLMX is categorized as Latin America Equities, while IBIC is Inflation-Protected Bonds. FLMX tracks FTSE Mexico RIC Capped Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FLMX and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 1.55), 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.
Find the right allocation for FLMX and IBIC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer