FRDM vs. IBIC
FRDM (Freedom 100 Emerging Markets ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets 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, FRDM returned 88.48% vs 4.42% for IBIC. At a correlation of -0.01, they often move in opposite directions. FRDM charges 0.49%/yr vs 0.10%/yr for IBIC.
Performance
FRDM vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, FRDM achieves a 39.87% return, which is significantly higher than IBIC's 2.43% return.
FRDM
- 1D
- -6.27%
- 1M
- 5.76%
- YTD
- 39.87%
- 6M
- 43.31%
- 1Y
- 88.48%
- 3Y*
- 35.26%
- 5Y*
- 18.74%
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRDM vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 39.87% | 61.27% | 1.70% | 12.14% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between FRDM and IBIC is -0.23, 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 | -0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.01 |
Over the past year, the inverse relationship between FRDM and IBIC has strengthened: their correlation has moved from -0.01 to -0.23, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FRDM vs. IBIC — Risk / Return Rank
FRDM
IBIC
FRDM vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freedom 100 Emerging Markets ETF (FRDM) 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.
| FRDM | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 2.22 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 16.56 | -11.29 |
| Martin ratioReturn relative to average drawdown | 20.25 | 58.67 | -38.42 |
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Drawdowns
FRDM vs. IBIC - Drawdown Comparison
The maximum FRDM drawdown since its inception was -40.49%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for FRDM and IBIC.
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Drawdown Indicators
| FRDM | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -0.90% | -39.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.87% | -0.27% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | — | — |
Current DrawdownCurrent decline from peak | -6.27% | -0.08% | -6.19% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -0.10% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 0.08% | +4.30% |
Volatility
FRDM vs. IBIC - Volatility Comparison
Freedom 100 Emerging Markets ETF (FRDM) has a higher volatility of 15.75% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that FRDM'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
| FRDM | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.75% | 0.17% | +15.58% |
Volatility (6M)Calculated over the trailing 6-month period | 25.69% | 0.67% | +25.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.99% | 0.89% | +27.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 1.56% | +20.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.26% | 1.56% | +21.70% |
FRDM vs. IBIC - Expense Ratio Comparison
FRDM has a 0.49% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
FRDM vs. IBIC - Dividend Comparison
FRDM's dividend yield for the trailing twelve months is around 1.56%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 1.56% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRDM and IBIC have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRDM has higher volatility (15.75%) compared to IBIC (0.17%). In terms of maximum drawdown, FRDM dropped -40.49% vs IBIC's -0.90%.
On 1-year performance, FRDM leads with 88.48% 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, FRDM has performed better with a 88.48% 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 0.49% for FRDM.
IBIC has the higher dividend yield at 3.58%, compared with 1.56% for FRDM.
FRDM is categorized as Emerging Markets Diversified, while IBIC is Inflation-Protected Bonds. FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Freedom Funds and iShares. Their fees differ too: 0.49% for FRDM and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 3.18), 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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