HFXI vs. IBIC
HFXI (IQ 50 Percent Hedged FTSE International ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - HFXI is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America 50% Hedged to USD 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, HFXI returned 34.83% vs 4.42% for IBIC. At a correlation of -0.02, they often move in opposite directions. HFXI charges 0.20%/yr vs 0.10%/yr for IBIC.
Performance
HFXI vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, HFXI achieves a 16.19% return, which is significantly higher than IBIC's 2.43% return.
HFXI
- 1D
- -3.31%
- 1M
- 1.55%
- YTD
- 16.19%
- 6M
- 16.56%
- 1Y
- 34.83%
- 3Y*
- 20.40%
- 5Y*
- 12.02%
- 10Y*
- 11.98%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFXI vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 16.19% | 30.10% | 7.58% | 4.84% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between HFXI and IBIC is -0.18, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.02 |
The correlation between HFXI and IBIC shifts across timeframes, from -0.18 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HFXI vs. IBIC — Risk / Return Rank
HFXI
IBIC
HFXI vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) 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.
| HFXI | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -6.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 2.22 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 16.56 | -13.34 |
| Martin ratioReturn relative to average drawdown | 12.64 | 58.67 | -46.03 |
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Drawdowns
HFXI vs. IBIC - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for HFXI and IBIC.
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Drawdown Indicators
| HFXI | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.42% | -0.90% | -31.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -0.27% | -10.57% |
Max Drawdown (3Y)Largest decline over 3 years | -13.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | — | — |
Current DrawdownCurrent decline from peak | -3.31% | -0.08% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -0.10% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 0.08% | +2.68% |
Volatility
HFXI vs. IBIC - Volatility Comparison
IQ 50 Percent Hedged FTSE International ETF (HFXI) has a higher volatility of 7.21% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that HFXI'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
| HFXI | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 0.17% | +7.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 0.67% | +13.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 0.89% | +15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 1.56% | +13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 1.56% | +15.01% |
HFXI vs. IBIC - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is higher than IBIC's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HFXI vs. IBIC - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 3.33%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 3.33% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFXI and IBIC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFXI has higher volatility (7.21%) compared to IBIC (0.17%). In terms of maximum drawdown, HFXI dropped -32.42% vs IBIC's -0.90%.
On 1-year performance, HFXI leads with 34.83% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HFXI has performed better with a 34.83% return vs 4.42%. 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 0.20% for HFXI.
IBIC has the higher dividend yield at 3.58%, compared with 3.33% for HFXI.
HFXI is categorized as Foreign Large Cap Equities, while IBIC is Inflation-Protected Bonds. HFXI tracks FTSE Developed ex North America 50% Hedged to USD Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: New York Life and iShares. Their fees differ too: 0.20% for HFXI and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 2.19), 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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