FMQQ vs. IBID
FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) and IBID (iShares iBonds Oct 2027 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 IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, FMQQ returned -18.84% vs 4.04% for IBID. At a 0.01 correlation, their price movements are largely independent. FMQQ charges 0.86%/yr vs 0.10%/yr for IBID.
Performance
FMQQ vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, FMQQ achieves a -16.00% return, which is significantly lower than IBID's 1.99% return.
FMQQ
- 1D
- -0.35%
- 1M
- 1.84%
- YTD
- -16.00%
- 6M
- -15.95%
- 1Y
- -18.84%
- 3Y*
- 3.16%
- 5Y*
- —
- 10Y*
- —
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMQQ vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -16.00% | 10.77% | 12.45% | 2.47% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between FMQQ and IBID is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.01 |
The correlation between FMQQ and IBID shifts across timeframes, from -0.19 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FMQQ vs. IBID — Risk / Return Rank
FMQQ
IBID
FMQQ vs. IBID - 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 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.
| FMQQ | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.27 | ||
| Sortino ratioReturn per unit of downside risk | -6.92 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.75 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 8.22 | -8.83 |
| Martin ratioReturn relative to average drawdown | -1.16 | 30.99 | -32.15 |
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Drawdowns
FMQQ vs. IBID - Drawdown Comparison
The maximum FMQQ drawdown since its inception was -64.51%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for FMQQ and IBID.
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Drawdown Indicators
| FMQQ | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -1.28% | -63.23% |
Max Drawdown (1Y)Largest decline over 1 year | -30.82% | -0.49% | -30.33% |
Max Drawdown (3Y)Largest decline over 3 years | -30.82% | — | — |
Current DrawdownCurrent decline from peak | -54.59% | -0.49% | -54.10% |
Average DrawdownAverage peak-to-trough decline | -49.41% | -0.22% | -49.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.25% | 0.13% | +16.12% |
Volatility
FMQQ vs. IBID - Volatility Comparison
FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) has a higher volatility of 5.87% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that FMQQ's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMQQ | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 0.35% | +5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 0.86% | +15.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.23% | 1.23% | +18.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.80% | 2.24% | +22.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.80% | 2.24% | +22.56% |
FMQQ vs. IBID - Expense Ratio Comparison
FMQQ has a 0.86% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
FMQQ vs. IBID - Dividend Comparison
FMQQ's dividend yield for the trailing twelve months is around 0.73%, less than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.73% | 0.61% | 0.45% | 0.11% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% |
Frequently Asked Questions
FMQQ and IBID have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMQQ has higher volatility (5.87%) compared to IBID (0.35%). In terms of maximum drawdown, FMQQ dropped -64.51% vs IBID's -1.28%.
On 1-year performance, IBID leads with 4.04% vs -18.84% for FMQQ. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBID has performed better with a 4.04% return vs -18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.86% for FMQQ.
IBID has the higher dividend yield at 3.68%, compared with 0.73% for FMQQ.
FMQQ is categorized as Emerging Markets Diversified, while IBID is Inflation-Protected Bonds. FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while IBID tracks ICE 2027 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 IBID.
IBID currently has the higher Sharpe Ratio (3.29 vs -0.99), 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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