FOCT vs. IBID
FOCT (FT Vest U.S. Equity Buffer ETF - October) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - FOCT is a Defined Outcome fund actively managed by FT Vest, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. FOCT is actively managed, while IBID is passively managed. Over the past year, FOCT returned 19.91% vs 4.04% for IBID. At a 0.01 correlation, their price movements are largely independent. FOCT charges 0.85%/yr vs 0.10%/yr for IBID.
Performance
FOCT vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, FOCT achieves a 6.45% return, which is significantly higher than IBID's 1.99% return.
FOCT
- 1D
- -0.15%
- 1M
- 0.56%
- YTD
- 6.45%
- 6M
- 6.34%
- 1Y
- 19.91%
- 3Y*
- 12.14%
- 5Y*
- 9.04%
- 10Y*
- —
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FOCT vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FOCT FT Vest U.S. Equity Buffer ETF - October | 6.45% | 14.92% | 9.62% | 1.54% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between FOCT and IBID is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.02 |
The correlation between FOCT and IBID shifts across timeframes, from -0.12 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FOCT vs. IBID — Risk / Return Rank
FOCT
IBID
FOCT vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer ETF - October (FOCT) 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.
| FOCT | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.75 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 8.22 | -4.74 |
| Martin ratioReturn relative to average drawdown | 16.95 | 30.99 | -14.04 |
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Drawdowns
FOCT vs. IBID - Drawdown Comparison
The maximum FOCT drawdown since its inception was -14.07%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for FOCT and IBID.
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Drawdown Indicators
| FOCT | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.07% | -1.28% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -0.49% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.07% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.49% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -0.22% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.13% | +1.05% |
Volatility
FOCT vs. IBID - Volatility Comparison
FT Vest U.S. Equity Buffer ETF - October (FOCT) has a higher volatility of 2.10% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that FOCT'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
| FOCT | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.35% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.17% | 0.86% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 1.23% | +6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.11% | 2.24% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 2.24% | +8.64% |
FOCT vs. IBID - Expense Ratio Comparison
FOCT has a 0.85% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
FOCT vs. IBID - Dividend Comparison
FOCT has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FOCT FT Vest U.S. Equity Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% |
Frequently Asked Questions
FOCT and IBID have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOCT has higher volatility (2.10%) compared to IBID (0.35%). In terms of maximum drawdown, FOCT dropped -14.07% vs IBID's -1.28%.
On 1-year performance, FOCT leads with 19.91% vs 4.04% for IBID. 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, FOCT has performed better with a 19.91% return vs 4.04%. 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 0.85% for FOCT.
IBID has the higher dividend yield at 3.68%, compared with 0.00% for FOCT.
FOCT is categorized as Defined Outcome, while IBID is Inflation-Protected Bonds. They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.85% for FOCT and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.29 vs 2.49), 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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