IBIC vs. IVOL
IBIC (iShares iBonds Oct 2026 Term TIPS ETF) and IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) are both Inflation-Protected Bonds funds. IBIC is passively managed, while IVOL is actively managed. Over the past year, IBIC returned 4.11% vs -6.99% for IVOL. At a 0.45 correlation, their price movements are largely independent. IBIC charges 0.10%/yr vs 0.99%/yr for IVOL.
Performance
IBIC vs. IVOL - Performance Comparison
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Returns By Period
In the year-to-date period, IBIC achieves a 2.48% return, which is significantly higher than IVOL's -7.56% return.
IBIC
- 1D
- -0.06%
- 1M
- 0.14%
- 6M
- 2.32%
- YTD
- 2.48%
- 1Y
- 4.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVOL
- 1D
- 0.32%
- 1M
- -1.15%
- 6M
- -6.78%
- YTD
- -7.56%
- 1Y
- -6.99%
- 3Y*
- -2.22%
- 5Y*
- -5.55%
- 10Y*
- —
IBIC vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.48% | 4.96% | 5.25% | 2.17% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -7.56% | 11.97% | -11.07% | 2.90% |
Correlation
The correlation between IBIC and IVOL is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.45 |
Over the past year, the correlation between IBIC and IVOL has dropped to 0.09 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
IBIC vs. IVOL — Risk / Return Rank
IBIC
IVOL
IBIC vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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.
| IBIC | IVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.59 | ||
| Sortino ratioReturn per unit of downside risk | +9.51 | ||
| Omega ratioGain probability vs. loss probability | 2.08 | 0.84 | +1.24 |
| Calmar ratioReturn relative to maximum drawdown | 15.39 | -0.58 | +15.97 |
| Martin ratioReturn relative to average drawdown | 52.15 | -1.23 | +53.38 |
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Drawdowns
IBIC vs. IVOL - Drawdown Comparison
The maximum IBIC drawdown since its inception was -0.90%, smaller than the maximum IVOL drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for IBIC and IVOL.
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Drawdown Indicators
| IBIC | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.90% | -31.16% | +30.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.27% | -12.08% | +11.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.28% | — |
Current DrawdownCurrent decline from peak | -0.15% | -27.30% | +27.15% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -13.51% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 5.69% | -5.61% |
Volatility
IBIC vs. IVOL - Volatility Comparison
The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.31%, while Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a volatility of 2.67%. This indicates that IBIC experiences smaller price fluctuations and is considered to be less risky than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIC | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 2.67% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.69% | 5.02% | -4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.91% | 6.74% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.56% | 12.85% | -11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 11.94% | -10.38% |
IBIC vs. IVOL - Expense Ratio Comparison
IBIC has a 0.10% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Dividends
IBIC vs. IVOL - Dividend Comparison
IBIC's dividend yield for the trailing twelve months is around 4.63%, more than IVOL's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.63% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.92% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
Frequently Asked Questions
IBIC and IVOL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOL has higher volatility (2.67%) compared to IBIC (0.31%). In terms of maximum drawdown, IBIC dropped -0.90% vs IVOL's -31.16%.
On 1-year performance, IBIC leads with 4.11% vs -6.99% for IVOL. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.11% return vs -6.99%. 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 0.99% for IVOL.
IBIC has the higher dividend yield at 4.63%, compared with 3.92% for IVOL.
They also come from different issuers: iShares and CICC. Their fees differ too: 0.10% for IBIC and 0.99% for IVOL.
IBIC currently has the higher Sharpe Ratio (4.54 vs -1.04), 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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