HIGH vs. IBID
HIGH (Simplify Enhanced Income ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - HIGH is a Derivative Income fund actively managed by Simplify, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. HIGH is actively managed, while IBID is passively managed. Over the past year, HIGH returned -3.46% vs 4.83% for IBID. At a correlation of -0.04, they often move in opposite directions. HIGH charges 0.51%/yr vs 0.10%/yr for IBID.
Performance
HIGH vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, HIGH achieves a -0.38% return, which is significantly lower than IBID's 2.46% return.
HIGH
- 1D
- -0.32%
- 1M
- 1.63%
- YTD
- -0.38%
- 6M
- -1.48%
- 1Y
- -3.46%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
IBID
- 1D
- 0.08%
- 1M
- 0.49%
- YTD
- 2.46%
- 6M
- 2.57%
- 1Y
- 4.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIGH vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.38% | 4.35% | 1.52% | 1.09% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.46% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between HIGH and IBID is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.04 |
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Return for Risk
HIGH vs. IBID — Risk / Return Rank
HIGH
IBID
HIGH vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) 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.
| HIGH | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.30 | ||
| Sortino ratioReturn per unit of downside risk | -7.26 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.94 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 13.33 | -13.69 |
| Martin ratioReturn relative to average drawdown | -0.53 | 39.52 | -40.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIGH | IBID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 3.91 | -4.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 2.56 | -2.17 |
Drawdowns
HIGH vs. IBID - Drawdown Comparison
The maximum HIGH drawdown since its inception was -9.50%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for HIGH and IBID.
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Drawdown Indicators
| HIGH | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -1.28% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -0.36% | -9.14% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | — | — |
Current DrawdownCurrent decline from peak | -7.11% | 0.00% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.22% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 0.12% | +6.41% |
Volatility
HIGH vs. IBID - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.23% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that HIGH'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.
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Volatility by Period
| HIGH | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.32% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 0.80% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 1.25% | +7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 2.25% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 2.25% | +7.31% |
HIGH vs. IBID - Expense Ratio Comparison
HIGH has a 0.51% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
HIGH vs. IBID - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 7.33%, more than IBID's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 7.33% | 7.71% | 8.34% | 9.40% | 0.62% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.66% | 4.43% | 4.24% | 0.81% | 0.00% |
Frequently Asked Questions
HIGH and IBID have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIGH has higher volatility (1.23%) compared to IBID (0.32%). In terms of maximum drawdown, HIGH dropped -9.50% vs IBID's -1.28%.
On 1-year performance, IBID leads with 4.83% vs -3.46% for HIGH. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBID has performed better with a 4.83% return vs -3.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.51% for HIGH.
HIGH has the higher dividend yield at 7.33%, compared with 3.66% for IBID.
HIGH is categorized as Derivative Income, while IBID is Inflation-Protected Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.51% for HIGH and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.91 vs -0.39), 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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