IBIC vs. HEDG

Last updated Jun 4, 2026

IBIC (iShares iBonds Oct 2026 Term TIPS ETF) and HEDG (Equable Shares Hedged Equity ETF) are both exchange-traded funds - IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index, while HEDG is a Equity Hedged fund tracking the Actively Managed. Both are passively managed. At a correlation of -0.20, they often move in opposite directions. IBIC charges 0.10%/yr vs 0.96%/yr for HEDG.

Performance

IBIC vs. HEDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and Equable Shares Hedged Equity ETF (HEDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIC achieves a 2.37% return, which is significantly lower than HEDG's 2.64% return.

IBIC

• 1D: 0.02%
• 1M: 0.27%
• YTD: 2.37%
• 6M: 2.51%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEDG

• 1D: 0.00%
• 1M: 0.64%
• YTD: 2.64%
• 6M: 3.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBIC vs. HEDG - Yearly Performance Comparison

	2026 (YTD)	2025
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.37%	0.46%
HEDG Equable Shares Hedged Equity ETF	2.64%	3.16%

Correlation

The correlation between IBIC and HEDG is -0.20, 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	-0.20

Return for Risk

IBIC vs. HEDG — Risk / Return Rank

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

IBIC

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

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.

IBIC vs. HEDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and Equable Shares Hedged Equity ETF (HEDG). 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.

	IBIC	HEDG	Difference
Sharpe ratio: Return per unit of total volatility	5.05	—	—
Sortino ratio: Return per unit of downside risk	9.12	—	—
Omega ratio: Gain probability vs. loss probability	2.24	—	—
Calmar ratio: Return relative to maximum drawdown	17.27	—	—
Martin ratio: Return relative to average drawdown	67.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBIC	HEDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	1.60	+1.89

Drawdowns

IBIC vs. HEDG - Drawdown Comparison

The maximum IBIC drawdown since its inception was -0.90%, smaller than the maximum HEDG drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for IBIC and HEDG.

Drawdown Indicators

	IBIC	HEDG	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-3.85%	+2.95%
Max Drawdown (1Y) Largest decline over 1 year	-0.26%	—	—
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-0.10%	-0.39%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	—	—

Volatility

Volatility by Period

	IBIC	HEDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.90%	5.90%	-5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	5.90%	-4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	5.90%	-4.32%

IBIC vs. HEDG - Expense Ratio Comparison

IBIC has a 0.10% expense ratio, which is lower than HEDG's 0.96% expense ratio.

Dividends

IBIC vs. HEDG - Dividend Comparison

IBIC's dividend yield for the trailing twelve months is around 3.59%, more than HEDG's 1.84% yield.

Position	TTM	2025	2024	2023
HEDG Equable Shares Hedged Equity ETF	1.84%	1.38%	0.00%	0.00%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%

Frequently Asked Questions

Can I hold both IBIC and HEDG in my portfolio?

IBIC and HEDG have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBIC or HEDG?

On fees, IBIC 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, IBIC or HEDG?

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

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

IBIC has the higher dividend yield at 3.59%, compared with 1.84% for HEDG.

What is the main difference between IBIC and HEDG?

IBIC is categorized as Inflation-Protected Bonds, while HEDG is Equity Hedged. IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index, while HEDG tracks Actively Managed. They also come from different issuers: iShares and Equable Shares. Their fees differ too: 0.10% for IBIC and 0.96% for HEDG.