GXDW vs. IBIC
GXDW (Global X Dorsey Wright Thematic ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - GXDW is a Systematic Trend fund tracking the Nasdaq Dorsey Wright Thematic Rotation Total Return 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, GXDW returned -4.05% vs 4.19% for IBIC. At a 0.01 correlation, their price movements are largely independent. GXDW charges 0.50%/yr vs 0.10%/yr for IBIC.
Performance
GXDW vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, GXDW achieves a 1.70% return, which is significantly lower than IBIC's 2.54% return.
GXDW
- 1D
- 1.18%
- 1M
- -11.94%
- 6M
- -5.62%
- YTD
- 1.70%
- 1Y
- -4.05%
- 3Y*
- -4.23%
- 5Y*
- -12.06%
- 10Y*
- —
IBIC
- 1D
- -0.07%
- 1M
- 0.18%
- 6M
- 2.42%
- YTD
- 2.54%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXDW vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GXDW Global X Dorsey Wright Thematic ETF | 1.70% | 3.52% | -3.55% | -1.88% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.54% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between GXDW and IBIC is -0.15, 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 | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.01 |
The correlation between GXDW and IBIC shifts across timeframes, from -0.15 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GXDW vs. IBIC — Risk / Return Rank
GXDW
IBIC
GXDW vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dorsey Wright Thematic ETF (GXDW) 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.
| GXDW | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.80 | ||
| Sortino ratioReturn per unit of downside risk | -8.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.12 | -1.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 15.72 | -15.88 |
| Martin ratioReturn relative to average drawdown | -0.36 | 53.66 | -54.02 |
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Drawdowns
GXDW vs. IBIC - Drawdown Comparison
The maximum GXDW drawdown since its inception was -67.81%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for GXDW and IBIC.
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Drawdown Indicators
| GXDW | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.81% | -0.90% | -66.91% |
Max Drawdown (1Y)Largest decline over 1 year | -24.65% | -0.27% | -24.38% |
Max Drawdown (3Y)Largest decline over 3 years | -29.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | — | — |
Current DrawdownCurrent decline from peak | -59.80% | -0.09% | -59.71% |
Average DrawdownAverage peak-to-trough decline | -43.27% | -0.10% | -43.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.33% | 0.08% | +11.25% |
Volatility
GXDW vs. IBIC - Volatility Comparison
Global X Dorsey Wright Thematic ETF (GXDW) has a higher volatility of 10.60% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.30%. This indicates that GXDW'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
| GXDW | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 0.30% | +10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 23.42% | 0.69% | +22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.44% | 0.91% | +28.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.39% | 1.56% | +26.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.92% | 1.56% | +28.36% |
GXDW vs. IBIC - Expense Ratio Comparison
GXDW has a 0.50% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
GXDW vs. IBIC - Dividend Comparison
GXDW's dividend yield for the trailing twelve months is around 1.47%, less than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GXDW Global X Dorsey Wright Thematic ETF | 1.47% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXDW and IBIC have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXDW has higher volatility (10.60%) compared to IBIC (0.30%). In terms of maximum drawdown, GXDW dropped -67.81% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.19% vs -4.05% for GXDW. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.30%. 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 4.19% return vs -4.05%. 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 0.50% for GXDW.
IBIC has the higher dividend yield at 4.62%, compared with 1.47% for GXDW.
GXDW is categorized as Systematic Trend, while IBIC is Inflation-Protected Bonds. GXDW tracks Nasdaq Dorsey Wright Thematic Rotation Total Return Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for GXDW and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.66 vs -0.14), 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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