IBIC vs. HYGI
IBIC (iShares iBonds Oct 2026 Term TIPS ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both Inflation-Protected Bonds funds from iShares - IBIC tracks the ICE 2026 Maturity US Inflation-Linked Treasury Index while HYGI tracks the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. At a 0.26 correlation, their price movements are largely independent. IBIC charges 0.10%/yr vs 0.52%/yr for HYGI.
Performance
IBIC vs. HYGI - Performance Comparison
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Returns By Period
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC vs. HYGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 4.81% |
Correlation
The correlation between IBIC and HYGI is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.26 |
Over the past year, the correlation between IBIC and HYGI has dropped to 0.02 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
IBIC vs. HYGI — Risk / Return Rank
IBIC
HYGI
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 17.27 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| IBIC | HYGI | 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 | — | — |
Drawdowns
IBIC vs. HYGI - Drawdown Comparison
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Drawdown Indicators
| IBIC | HYGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.90% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.26% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.10% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | — | — |
Volatility
IBIC vs. HYGI - Volatility Comparison
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Volatility by Period
| IBIC | HYGI | 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% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.58% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | — | — |
IBIC vs. HYGI - Expense Ratio Comparison
IBIC has a 0.10% expense ratio, which is lower than HYGI's 0.52% expense ratio.
Dividends
IBIC vs. HYGI - Dividend Comparison
IBIC's dividend yield for the trailing twelve months is around 3.59%, more than HYGI's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.97% | 3.41% | 6.08% | 6.22% | 3.19% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% |
Frequently Asked Questions
IBIC and HYGI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.52% for HYGI.
IBIC has the higher dividend yield at 3.59%, compared with 0.97% for HYGI.
IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Their fees differ too: 0.10% for IBIC and 0.52% for HYGI.
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