HEDG vs. IBID

Last updated Jun 6, 2026

HEDG (Equable Shares Hedged Equity ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - HEDG is a Equity Hedged fund tracking the Actively Managed, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. At a correlation of -0.16, they often move in opposite directions. HEDG charges 0.96%/yr vs 0.10%/yr for IBID.

Performance

HEDG vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equable Shares Hedged Equity ETF (HEDG) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HEDG having a 2.40% return and IBID slightly higher at 2.48%.

HEDG

• 1D: 0.00%
• 1M: 0.34%
• YTD: 2.40%
• 6M: 3.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.07%
• 1M: 0.61%
• YTD: 2.48%
• 6M: 2.49%
• 1Y: 4.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEDG vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025
HEDG Equable Shares Hedged Equity ETF	2.40%	3.16%
IBID iShares iBonds Oct 2027 Term TIPS ETF	2.48%	0.13%

Correlation

The correlation between HEDG 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 (All Time) Calculated using the full available price history since Oct 14, 2025	-0.16

Return for Risk

HEDG vs. IBID — Risk / Return Rank

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

IBID

IBID Risk / Return Rank: 97
IBID Sharpe Ratio Rank: 96
IBID Sortino Ratio Rank: 98
IBID Omega Ratio Rank: 97
IBID Calmar Ratio Rank: 98
IBID Martin Ratio Rank: 97

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.

HEDG vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equable Shares Hedged Equity ETF (HEDG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HEDG	IBID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	2.56	-1.04

Drawdowns

HEDG vs. IBID - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for HEDG and IBID.

Drawdown Indicators

	HEDG	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-1.28%	-2.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.36%	—
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.22%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.12%	—

Volatility

Volatility by Period

	HEDG	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.88%	1.24%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	2.25%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.88%	2.25%	+3.63%

HEDG vs. IBID - Expense Ratio Comparison

HEDG has a 0.96% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

HEDG vs. IBID - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.84%, less than IBID's 3.66% yield.

Position	TTM	2025	2024	2023
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%	0.00%	0.00%
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.66%	4.43%	4.24%	0.81%

Frequently Asked Questions

Can I hold both HEDG and IBID in my portfolio?

HEDG 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 ETF is better, HEDG or IBID?

On fees, IBID is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEDG or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.96% for HEDG.

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

IBID has the higher dividend yield at 3.66%, compared with 1.84% for HEDG.

What is the main difference between HEDG and IBID?

HEDG is categorized as Equity Hedged, while IBID is Inflation-Protected Bonds. HEDG tracks Actively Managed, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Equable Shares and iShares. Their fees differ too: 0.96% for HEDG and 0.10% for IBID.