FYEE vs. IBIC
FYEE (Fidelity Yield Enhanced Equity ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - FYEE is a Derivative Income fund actively managed by Fidelity, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. FYEE is actively managed, while IBIC is passively managed. Over the past year, FYEE returned 21.06% vs 4.42% for IBIC. At a correlation of -0.13, they often move in opposite directions. FYEE charges 0.28%/yr vs 0.10%/yr for IBIC.
Performance
FYEE vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, FYEE achieves a 5.23% return, which is significantly higher than IBIC's 2.43% return.
FYEE
- 1D
- -1.18%
- 1M
- -0.71%
- YTD
- 5.23%
- 6M
- 4.69%
- 1Y
- 21.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FYEE vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FYEE Fidelity Yield Enhanced Equity ETF | 5.23% | 15.76% | 13.66% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 4.45% |
Correlation
The correlation between FYEE and IBIC 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 Apr 11, 2024 | -0.13 |
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Return for Risk
FYEE vs. IBIC — Risk / Return Rank
FYEE
IBIC
FYEE vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) 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.
| FYEE | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -6.22 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 2.22 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 16.56 | -13.70 |
| Martin ratioReturn relative to average drawdown | 14.01 | 58.67 | -44.66 |
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Drawdowns
FYEE vs. IBIC - Drawdown Comparison
The maximum FYEE drawdown since its inception was -18.79%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for FYEE and IBIC.
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Drawdown Indicators
| FYEE | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.79% | -0.90% | -17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -0.27% | -7.12% |
Current DrawdownCurrent decline from peak | -1.97% | -0.08% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -0.10% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 0.08% | +1.43% |
Volatility
FYEE vs. IBIC - Volatility Comparison
Fidelity Yield Enhanced Equity ETF (FYEE) has a higher volatility of 4.15% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that FYEE'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
| FYEE | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 0.17% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 0.67% | +7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 0.89% | +9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 1.56% | +12.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 1.56% | +12.37% |
FYEE vs. IBIC - Expense Ratio Comparison
FYEE has a 0.28% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
FYEE vs. IBIC - Dividend Comparison
FYEE's dividend yield for the trailing twelve months is around 8.63%, more than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FYEE Fidelity Yield Enhanced Equity ETF | 8.63% | 7.08% | 5.45% | 0.00% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
FYEE and IBIC 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.
FYEE has higher volatility (4.15%) compared to IBIC (0.17%). In terms of maximum drawdown, FYEE dropped -18.79% vs IBIC's -0.90%.
On 1-year performance, FYEE leads with 21.06% 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, FYEE has performed better with a 21.06% 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 0.28% for FYEE.
FYEE has the higher dividend yield at 8.63%, compared with 3.58% for IBIC.
FYEE is categorized as Derivative Income, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.28% for FYEE and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 2.06), 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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