GPZ vs. IBIC
GPZ (VanEck Alternative Asset Manager ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - GPZ is a Financials Equities fund tracking the MarketVector Alternative Asset Managers 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, GPZ returned -11.39% vs 4.12% for IBIC. Their -0.21 correlation means they have often moved in opposite directions in the past. GPZ charges 0.40%/yr vs 0.10%/yr for IBIC.
Performance
GPZ vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, GPZ achieves a -10.76% return, which is significantly lower than IBIC's 2.67% return.
GPZ
- 1D
- 3.99%
- 1M
- 10.24%
- 6M
- -7.66%
- YTD
- -10.76%
- 1Y
- -11.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.17%
IBIC
- 1D
- -0.02%
- 1M
- 0.22%
- 6M
- 2.43%
- YTD
- 2.67%
- 1Y
- 4.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.65M | $3.76M | $4.22M | |
| $1.04M | $841.31K | $530.52K |
GPZ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GPZ VanEck Alternative Asset Manager ETF | -10.76% | 9.24% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.67% | 2.10% |
Correlation
The correlation between GPZ and IBIC is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | -0.21 |
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Return for Risk
GPZ vs. IBIC — Risk / Return Rank
GPZ
IBIC
GPZ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) 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.
| GPZ | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.08 | ||
| Sortino ratioReturn per unit of downside risk | -8.68 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 2.12 | -1.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 15.46 | -15.82 |
| Martin ratioReturn relative to average drawdown | -0.64 | 52.95 | -53.59 |
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Drawdowns
GPZ vs. IBIC - Drawdown Comparison
The maximum GPZ drawdown since its inception was -31.72%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for GPZ and IBIC.
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Drawdown Indicators
| GPZ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.72% | -0.90% | -30.82% |
Max Drawdown (1Y)Largest decline over 1 year | -31.72% | -0.27% | -31.45% |
Current DrawdownCurrent decline from peak | -18.02% | -0.08% | -17.94% |
Average DrawdownAverage peak-to-trough decline | -13.43% | -0.10% | -13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.76% | 0.08% | +17.68% |
Volatility
GPZ vs. IBIC - Volatility Comparison
VanEck Alternative Asset Manager ETF (GPZ) has a higher volatility of 7.78% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that GPZ'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
| GPZ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 0.23% | +7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 22.75% | 0.69% | +22.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 0.89% | +27.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.57% | 1.54% | +26.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.57% | 1.54% | +26.03% |
GPZ vs. IBIC - Expense Ratio Comparison
GPZ has a 0.40% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
GPZ vs. IBIC - Dividend Comparison
GPZ's dividend yield for the trailing twelve months is around 0.93%, less than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GPZ VanEck Alternative Asset Manager ETF | 0.93% | 0.83% | 0.00% | 0.00% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
GPZ 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.
GPZ has higher volatility (7.78%) compared to IBIC (0.23%). In terms of maximum drawdown, GPZ dropped -31.72% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.12% vs -11.39% for GPZ. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.12% return vs -11.39%. 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 0.40% for GPZ.
IBIC has the higher dividend yield at 4.62%, compared with 0.93% for GPZ.
GPZ is categorized as Financials Equities, while IBIC is Inflation-Protected Bonds. GPZ tracks MarketVector Alternative Asset Managers Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for GPZ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.67 vs -0.41), 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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