IBIC vs. HYGI

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and iShares Inflation Hedged High Yield Bond ETF (HYGI).

IBIC and HYGI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBIC is a passively managed fund by iShares that tracks the performance of the ICE 2026 Maturity US Inflation-Linked Treasury Index. It was launched on Sep 13, 2023. HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. Both IBIC and HYGI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBIC vs. HYGI - Performance Comparison

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

IBIC vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIC iShares iBonds Oct 2026 Term TIPS ETF	1.45%	4.96%	5.25%	2.17%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	4.81%

Returns By Period

IBIC

• 1D: -0.04%
• 1M: 0.86%
• YTD: 1.45%
• 6M: 2.09%
• 1Y: 4.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYGI

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBIC vs. HYGI - Expense Ratio Comparison

IBIC has a 0.10% expense ratio, which is lower than HYGI's 0.52% expense ratio.

HYGI

iShares Inflation Hedged High Yield Bond ETF

IBIC

iShares iBonds Oct 2026 Term TIPS ETF

Return for Risk

IBIC vs. HYGI — 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: 98
IBIC Sortino Ratio Rank: 99
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. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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	HYGI	Difference
Sharpe ratio Return per unit of total volatility	3.71	—	—
Sortino ratio Return per unit of downside risk	6.38	—	—
Omega ratio Gain probability vs. loss probability	1.91	—	—
Calmar ratio Return relative to maximum drawdown	8.93	—	—
Martin ratio Return relative to average drawdown	32.20	—	—
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	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.42	—	—

Correlation

The correlation between IBIC and HYGI is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBIC vs. HYGI - Dividend Comparison

IBIC's dividend yield for the trailing twelve months is around 4.37%, more than HYGI's 2.46% yield.

	TTM	2025	2024	2023	2022
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.36%	4.43%	4.65%	0.83%	0.00%
HYGI iShares Inflation Hedged High Yield Bond ETF	2.46%	3.41%	6.08%	6.22%	3.19%

Drawdowns

Drawdown Indicators

	IBIC	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.46%	—	—
Current Drawdown Current decline from peak	-0.04%	—	—
Average Drawdown Average peak-to-trough decline	-0.10%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	—	—

Volatility

Volatility by Period

	IBIC	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.61%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.61%	—	—