HEDG vs. IBIE

Last updated Jun 24, 2026

HEDG (Equable Shares Hedged Equity ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both exchange-traded funds - HEDG is a Equity Hedged fund tracking the Actively Managed, while IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index. Both are passively managed. At a correlation of -0.04, they often move in opposite directions. HEDG charges 0.96%/yr vs 0.10%/yr for IBIE.

Performance

HEDG vs. IBIE - 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 2028 Term TIPS ETF (IBIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEDG achieves a 2.51% return, which is significantly higher than IBIE's 1.37% return.

HEDG

• 1D: -0.47%
• 1M: -0.07%
• YTD: 2.51%
• 6M: 2.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIE

• 1D: -0.02%
• 1M: -0.27%
• YTD: 1.37%
• 6M: 1.49%
• 1Y: 3.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEDG vs. IBIE - Yearly Performance Comparison

	2026 (YTD)	2025
HEDG Equable Shares Hedged Equity ETF	2.51%	3.20%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	1.37%	0.04%

Correlation

The correlation between HEDG and IBIE is -0.04, 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 (All Time) Calculated using the full available price history since Oct 13, 2025	-0.04

Return for Risk

HEDG vs. IBIE — Risk / Return Rank

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

HEDG

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

IBIE

IBIE Risk / Return Rank: 86
IBIE Sharpe Ratio Rank: 78
IBIE Sortino Ratio Rank: 90
IBIE Omega Ratio Rank: 86
IBIE Calmar Ratio Rank: 90
IBIE Martin Ratio Rank: 88

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. IBIE - 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 2028 Term TIPS ETF (IBIE). 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.

	HEDG	IBIE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.25	—
Sortino ratio: Return per unit of downside risk	—	3.80	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	4.99	—
Martin ratio: Return relative to average drawdown	—	17.70	—

Drawdowns

HEDG vs. IBIE - Drawdown Comparison

The maximum HEDG drawdown since its inception was -3.85%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for HEDG and IBIE.

Drawdown Indicators

	HEDG	IBIE	Difference
Max Drawdown Largest peak-to-trough decline	-3.85%	-1.70%	-2.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.72%	—
Current Drawdown Current decline from peak	-0.76%	-0.72%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.39%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.20%	—

Volatility

Volatility by Period

	HEDG	IBIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.89%	1.60%	+4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.89%	2.85%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.89%	2.85%	+3.04%

HEDG vs. IBIE - Expense Ratio Comparison

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

Dividends

HEDG vs. IBIE - Dividend Comparison

HEDG's dividend yield for the trailing twelve months is around 1.84%, less than IBIE's 3.27% yield.

Position	TTM	2025	2024	2023
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%	0.00%	0.00%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	3.27%	4.09%	4.23%	0.75%

Frequently Asked Questions

Can I hold both HEDG and IBIE in my portfolio?

HEDG and IBIE have a correlation of -0.04, 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 IBIE?

On fees, IBIE 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 IBIE?

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

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

IBIE has the higher dividend yield at 3.27%, compared with 1.84% for HEDG.

What is the main difference between HEDG and IBIE?

HEDG is categorized as Equity Hedged, while IBIE is Inflation-Protected Bonds. HEDG tracks Actively Managed, while IBIE tracks ICE 2028 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 IBIE.