FMQQ vs. IBIC
FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - FMQQ is a Emerging Markets Diversified fund tracking the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, 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, FMQQ returned -15.38% vs 4.28% for IBIC. At a correlation of -0.03, they often move in opposite directions. FMQQ charges 0.86%/yr vs 0.10%/yr for IBIC.
Performance
FMQQ vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, FMQQ achieves a -10.83% return, which is significantly lower than IBIC's 2.55% return.
FMQQ
- 1D
- 1.20%
- 1M
- 9.38%
- 6M
- -11.53%
- YTD
- -10.83%
- 1Y
- -15.38%
- 3Y*
- 4.59%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- -0.02%
- 1M
- 0.19%
- 6M
- 2.44%
- YTD
- 2.55%
- 1Y
- 4.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMQQ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -10.83% | 10.77% | 12.45% | 2.47% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.55% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between FMQQ and IBIC is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.03 |
Over the past year, the inverse relationship between FMQQ and IBIC has strengthened: their correlation has moved from -0.03 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FMQQ vs. IBIC — Risk / Return Rank
FMQQ
IBIC
FMQQ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) 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.
| FMQQ | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.70 | ||
| Sortino ratioReturn per unit of downside risk | -9.85 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 2.18 | -1.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 16.29 | -16.82 |
| Martin ratioReturn relative to average drawdown | -0.96 | 55.75 | -56.71 |
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Drawdowns
FMQQ vs. IBIC - Drawdown Comparison
The maximum FMQQ drawdown since its inception was -64.51%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for FMQQ and IBIC.
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Drawdown Indicators
| FMQQ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -0.90% | -63.61% |
Max Drawdown (1Y)Largest decline over 1 year | -30.82% | -0.27% | -30.55% |
Max Drawdown (3Y)Largest decline over 3 years | -30.82% | — | — |
Current DrawdownCurrent decline from peak | -51.79% | -0.08% | -51.71% |
Average DrawdownAverage peak-to-trough decline | -49.45% | -0.10% | -49.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 0.08% | +17.03% |
Volatility
FMQQ vs. IBIC - Volatility Comparison
FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) has a higher volatility of 5.26% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.29%. This indicates that FMQQ'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
| FMQQ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 0.29% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 0.68% | +15.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 0.90% | +18.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.73% | 1.56% | +23.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.73% | 1.56% | +23.17% |
FMQQ vs. IBIC - Expense Ratio Comparison
FMQQ has a 0.86% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
FMQQ vs. IBIC - Dividend Comparison
FMQQ's dividend yield for the trailing twelve months is around 0.69%, less than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.69% | 0.61% | 0.45% | 0.11% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
FMQQ and IBIC have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMQQ has higher volatility (5.26%) compared to IBIC (0.29%). In terms of maximum drawdown, FMQQ dropped -64.51% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.28% vs -15.38% for FMQQ. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.29%. 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 4.28% return vs -15.38%. 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 0.86% for FMQQ.
IBIC has the higher dividend yield at 4.62%, compared with 0.69% for FMQQ.
FMQQ is categorized as Emerging Markets Diversified, while IBIC is Inflation-Protected Bonds. FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: EMQQ and iShares. Their fees differ too: 0.86% for FMQQ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.84 vs -0.86), 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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