GXC vs. IBID

Last updated Jun 23, 2026

GXC (SPDR S&P China ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - GXC is a China Equities fund tracking the S&P China BMI Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, GXC returned 8.50% vs 4.04% for IBID. At a correlation of -0.00, they often move in opposite directions. GXC charges 0.59%/yr vs 0.10%/yr for IBID.

Performance

GXC vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P China ETF (GXC) 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, GXC achieves a -6.50% return, which is significantly lower than IBID's 1.99% return.

GXC

• 1D: 0.75%
• 1M: -2.98%
• YTD: -6.50%
• 6M: -8.11%
• 1Y: 8.50%
• 3Y*: 10.33%
• 5Y*: -4.63%
• 10Y*: 5.28%

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)

GXC vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GXC SPDR S&P China ETF	-6.50%	30.84%	14.60%	-4.80%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	4.71%	2.61%

Correlation

The correlation between GXC and IBID is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	-0.00

Return for Risk

GXC vs. IBID — Risk / Return Rank

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

GXC

GXC Risk / Return Rank: 15
GXC Sharpe Ratio Rank: 15
GXC Sortino Ratio Rank: 14
GXC Omega Ratio Rank: 15
GXC Calmar Ratio Rank: 15
GXC Martin Ratio Rank: 14

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.

GXC vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) 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.

	GXC	IBID	Difference
Sharpe ratio: Return per unit of total volatility	0.45	3.29	-2.84
Sortino ratio: Return per unit of downside risk	0.75	5.55	-4.80
Omega ratio: Gain probability vs. loss probability	1.09	1.75	-0.65
Calmar ratio: Return relative to maximum drawdown	0.58	8.22	-7.64
Martin ratio: Return relative to average drawdown	1.26	30.99	-29.73

GXC vs. IBID - Sharpe Ratio Comparison

The current GXC Sharpe Ratio is 0.45, which is lower than the IBID Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of GXC 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

GXC vs. IBID - Drawdown Comparison

The maximum GXC drawdown since its inception was -71.96%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for GXC and IBID.

Drawdown Indicators

	GXC	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-71.96%	-1.28%	-70.68%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-0.49%	-14.14%
Max Drawdown (3Y) Largest decline over 3 years	-25.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.23%	—	—
Current Drawdown Current decline from peak	-33.92%	-0.49%	-33.43%
Average Drawdown Average peak-to-trough decline	-28.83%	-0.22%	-28.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	0.13%	+6.64%

Volatility

GXC vs. IBID - Volatility Comparison

SPDR S&P China ETF (GXC) has a higher volatility of 5.75% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that GXC'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

	GXC	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	0.35%	+5.40%
Volatility (6M) Calculated over the trailing 6-month period	13.95%	0.86%	+13.09%
Volatility (1Y) Calculated over the trailing 1-year period	19.01%	1.23%	+17.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.00%	2.24%	+26.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.09%	2.24%	+23.85%

GXC vs. IBID - Expense Ratio Comparison

GXC has a 0.59% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

GXC vs. IBID - Dividend Comparison

GXC's dividend yield for the trailing twelve months is around 3.33%, less than IBID's 3.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXC SPDR S&P China ETF	3.33%	2.40%	2.81%	3.70%	2.67%	1.35%	1.04%	1.60%	2.03%	1.84%	2.05%	2.85%
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GXC and IBID in my portfolio?

GXC and IBID have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GXC or IBID?

GXC has higher volatility (5.75%) compared to IBID (0.35%). In terms of maximum drawdown, GXC dropped -71.96% vs IBID's -1.28%.

Which ETF is better, GXC or IBID?

On 1-year performance, GXC leads with 8.50% 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, GXC or IBID?

Over the 1-year period, GXC has performed better with a 8.50% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GXC or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.59% for GXC.

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

IBID has the higher dividend yield at 3.68%, compared with 3.33% for GXC.

What is the main difference between GXC and IBID?

GXC is categorized as China Equities, while IBID is Inflation-Protected Bonds. GXC tracks S&P China BMI Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.59% for GXC and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.29 vs 0.45), 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.