HYGV vs. IBIC
HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - HYGV is a High Yield Bonds fund tracking the Northern Trust High Yield Value-Scored US Corporate Bond 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, HYGV returned 6.62% vs 4.38% for IBIC. At a 0.16 correlation, their price movements are largely independent. HYGV charges 0.37%/yr vs 0.10%/yr for IBIC.
Performance
HYGV vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, HYGV achieves a 1.78% return, which is significantly lower than IBIC's 2.39% return.
HYGV
- 1D
- -0.10%
- 1M
- 0.69%
- YTD
- 1.78%
- 6M
- 2.06%
- 1Y
- 6.62%
- 3Y*
- 8.63%
- 5Y*
- 3.42%
- 10Y*
- —
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGV vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 1.78% | 7.92% | 8.02% | 4.43% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between HYGV and IBIC is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.16 |
The correlation between HYGV and IBIC shifts across timeframes, from -0.14 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYGV vs. IBIC — Risk / Return Rank
HYGV
IBIC
HYGV vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) 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.
| HYGV | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.23 | ||
| Sortino ratioReturn per unit of downside risk | -6.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 2.21 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 16.41 | -13.94 |
| Martin ratioReturn relative to average drawdown | 10.65 | 58.11 | -47.46 |
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Drawdowns
HYGV vs. IBIC - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for HYGV and IBIC.
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Drawdown Indicators
| HYGV | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -0.90% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -0.27% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.11% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -0.10% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.08% | +0.54% |
Volatility
HYGV vs. IBIC - Volatility Comparison
FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a higher volatility of 1.04% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that HYGV'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
| HYGV | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.16% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 0.67% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 0.89% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 1.57% | +6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.17% | 1.57% | +7.60% |
HYGV vs. IBIC - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
HYGV vs. IBIC - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 7.38%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.38% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYGV and IBIC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYGV has higher volatility (1.04%) compared to IBIC (0.16%). In terms of maximum drawdown, HYGV dropped -23.47% vs IBIC's -0.90%.
On 1-year performance, HYGV leads with 6.62% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGV has performed better with a 6.62% return vs 4.38%. 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 0.37% for HYGV.
HYGV has the higher dividend yield at 7.38%, compared with 3.59% for IBIC.
HYGV is categorized as High Yield Bonds, while IBIC is Inflation-Protected Bonds. HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.37% for HYGV and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs 1.71), 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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