GDIV vs. IBID

Last updated Jun 23, 2026

GDIV (Harbor Dividend Growth Leaders ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - GDIV is a Large Cap Blend Equities fund actively managed by Harbor, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. GDIV is actively managed, while IBID is passively managed. Over the past year, GDIV returned 26.87% vs 4.04% for IBID. At a 0.01 correlation, their price movements are largely independent. GDIV charges 0.50%/yr vs 0.10%/yr for IBID.

Performance

GDIV vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Dividend Growth Leaders ETF (GDIV) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDIV achieves a 11.99% return, which is significantly higher than IBID's 1.99% return.

GDIV

• 1D: 0.07%
• 1M: 1.78%
• YTD: 11.99%
• 6M: 11.35%
• 1Y: 26.87%
• 3Y*: 16.81%
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDIV vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GDIV Harbor Dividend Growth Leaders ETF	11.99%	10.81%	14.83%	7.23%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	4.71%	2.61%

Correlation

The correlation between GDIV and IBID is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.01

The correlation between GDIV and IBID shifts across timeframes, from -0.16 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GDIV vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDIV

GDIV Risk / Return Rank: 69
GDIV Sharpe Ratio Rank: 73
GDIV Sortino Ratio Rank: 76
GDIV Omega Ratio Rank: 73
GDIV Calmar Ratio Rank: 58
GDIV Martin Ratio Rank: 65

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDIV vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) 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.

	GDIV	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.25	3.29	-1.04
Sortino ratio: Return per unit of downside risk	3.23	5.55	-2.32
Omega ratio: Gain probability vs. loss probability	1.41	1.75	-0.33
Calmar ratio: Return relative to maximum drawdown	2.79	8.22	-5.43
Martin ratio: Return relative to average drawdown	11.60	30.99	-19.39

GDIV vs. IBID - Sharpe Ratio Comparison

The current GDIV Sharpe Ratio is 2.25, which is lower than the IBID Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of GDIV and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDIV vs. IBID - Drawdown Comparison

The maximum GDIV drawdown since its inception was -18.93%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for GDIV and IBID.

Drawdown Indicators

	GDIV	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-1.28%	-17.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-0.49%	-9.18%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.49%	+0.35%
Average Drawdown Average peak-to-trough decline	-3.15%	-0.22%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	0.13%	+2.19%

Volatility

GDIV vs. IBID - Volatility Comparison

Harbor Dividend Growth Leaders ETF (GDIV) has a higher volatility of 2.87% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that GDIV'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.

Volatility by Period

	GDIV	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	0.35%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	0.86%	+8.49%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	1.23%	+10.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	2.24%	+13.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	2.24%	+13.04%

GDIV vs. IBID - Expense Ratio Comparison

GDIV has a 0.50% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

GDIV vs. IBID - Dividend Comparison

GDIV's dividend yield for the trailing twelve months is around 1.12%, less than IBID's 3.68% yield.

Position	TTM	2025	2024	2023	2022
GDIV Harbor Dividend Growth Leaders ETF	1.12%	1.19%	1.30%	2.27%	5.88%
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%

Frequently Asked Questions

Can I hold both GDIV and IBID in my portfolio?

GDIV and IBID have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDIV or IBID?

GDIV has higher volatility (2.87%) compared to IBID (0.35%). In terms of maximum drawdown, GDIV dropped -18.93% vs IBID's -1.28%.

Which ETF is better, GDIV or IBID?

On 1-year performance, GDIV leads with 26.87% 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.

Which ETF has performed better, GDIV or IBID?

Over the 1-year period, GDIV has performed better with a 26.87% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDIV or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.50% for GDIV.

Which ETF pays a higher dividend yield, GDIV or IBID?

IBID has the higher dividend yield at 3.68%, compared with 1.12% for GDIV.

What is the main difference between GDIV and IBID?

GDIV is categorized as Large Cap Blend Equities, while IBID is Inflation-Protected Bonds. They also come from different issuers: Harbor and iShares. Their fees differ too: 0.50% for GDIV and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.29 vs 2.25), 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.